3 Bed Semi-Detached House, Refurb/BRRR, Canterbury, CT1 2RE, £265,000

Rhodaus Close, Canterbury, CT1 2RE - 18 views - 6 months ago

Refurb/BRRR
Planning
ROI: 1%
~93 m²
+12 photos

ValuationFair Value

Sold Prices£210K - £660K
Sold Prices/m²£2.6K/m² - £5.6K/m²

 

 

Square Metres

~93 m²
Price/m²£2.8K/m²

Value Estimate

£270,300

 

 

End Value (After Refurb)

£349,576

Uplift in Value

+32%

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£66,250

Stamp Duty & Legal Fees

£9,900

Refurb Costs

£44,400

Bridging Loan Interest

£6,956

Total Cash In

£129,256

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Estimated Sale Price

£349,576

Agent Fees (1%)

£3,496

Bridging Loan

£198,750

Bridging Loan Interest

£6,956

Flip Profit

£18,074

Local Sold Prices

50 sold prices from £210K to £660K, average is £300K. £2.6K/m² to £5.6K/m², average is £3.6K/m².

PriceDateDistanceAddressBeds 
£237.5K11/200.1 mi65, Oxford Road, Canterbury, Kent CT1 3QP3
£283K11/200.12 mi54, Lansdown Road, Canterbury, Kent CT1 3JP3
£304K03/210.12 mi32, Lansdown Road, Canterbury, Kent CT1 3JP3
£425K01/210.13 mi27, Norman Road, Canterbury, Kent CT1 3LX3
£430K04/210.14 mi32, Norman Road, Canterbury, Kent CT1 3LX3
£446.5K01/230.17 mi2, Martindale Close, Canterbury, Kent CT1 3LT3
£460K11/220.17 mi2, Norman Road, Canterbury, Kent CT1 3LX3
£593K03/210.18 mi14, St Marys Street, Canterbury, Kent CT1 2QL3
£660K05/210.18 mi13, St Marys Street, Canterbury, Kent CT1 2QL3
£285K11/210.21 mi12, Cambridge Road, Canterbury, Kent CT1 3QG3
£350K10/210.21 mi68, Martyrs Field Road, Canterbury, Kent CT1 3PU3
£285K01/210.21 mi53, Martyrs Field Road, Canterbury, Kent CT1 3PU3
£465K06/210.22 mi14, Vernon Place, Canterbury, Kent CT1 3HG3
£270K05/210.22 mi14, Durham Close, Canterbury, Kent CT1 3QL3
£215K09/210.22 mi2, Durham Close, Canterbury, Kent CT1 3QL3
£265K11/200.22 mi50, Claremont Place, Canterbury, Kent CT1 3SU3
£630K03/210.23 mi12, Oaten Hill Place, Canterbury, Kent CT1 3HJ3
£235K02/210.23 mi57, Martyrs Field Road, Canterbury, Kent CT1 3PU3
£335K04/230.24 mi21, Oxford Road, Canterbury, Kent CT1 3QF3
£385K12/220.25 mi38, Lancaster Road, Canterbury, Kent CT1 3QE3
£300K11/210.25 mi26, Lancaster Road, Canterbury, Kent CT1 3QE3
£408K04/210.27 mi25, Puckle Lane, Canterbury, Kent CT1 3LA3
£283K12/200.27 mi58, York Road, Canterbury, Kent CT1 3SX3
£284K01/210.27 mi37, York Road, Canterbury, Kent CT1 3SX3
£255K08/210.27 mi43, York Road, Canterbury, Kent CT1 3SX3
£270K06/230.27 mi13, Cambridge Way, Canterbury, Kent CT1 3QJ3
£300K07/230.27 mi9, Cambridge Way, Canterbury, Kent CT1 3QJ3
£242K02/210.27 mi20, Cambridge Way, Canterbury, Kent CT1 3QJ3
£418K11/220.28 mi66, Stour Street, Canterbury, Kent CT1 2NZ3
£520K11/200.28 mi23, Puckle Lane, Canterbury, Kent CT1 3LA3
£210K02/230.29 mi7, York Road, Canterbury, Kent CT1 3TA3
£292.5K05/210.29 mi34, Guildford Road, Canterbury, Kent CT1 3QD3
£280K02/230.3 mi8, York Road, Canterbury, Kent CT1 3TA3
£415K10/220.33 mi70, Heaton Road, Canterbury, Kent CT1 3QA3
£332.5K07/210.33 mi9, New Street, Wincheap, Canterbury, Kent CT1 3SS3
£325K03/210.33 mi18, New Street, Wincheap, Canterbury, Kent CT1 3SS3
£285K08/230.34 mi14, Chineham Way, Canterbury, Kent CT1 3TW3
£325K01/230.34 mi5, Chineham Way, Canterbury, Kent CT1 3TW3
£285K06/210.34 mi69, Wincheap, Canterbury, Kent CT1 3RX3
£250K06/210.35 mi9, St Mildreds Place, Canterbury, Kent CT1 3SR3
£269.5K03/210.35 mi10, St Mildreds Place, Canterbury, Kent CT1 3SR3
£238K03/210.35 mi44, Wincheap, Canterbury, Kent CT1 3RS3
£218.5K11/210.35 mi48, Wincheap, Canterbury, Kent CT1 3RS3
£314K05/210.35 mi90, George Roche Road, Canterbury, Kent CT1 3FG3
£292.5K11/220.36 mi8, Chineham Way, Canterbury, Kent CT1 3TW3
£480K11/220.37 mi1, Randolph Close, Canterbury, Kent CT1 3AZ3
£330K06/210.37 mi7, Love Lane, Canterbury, Kent CT1 1TZ3
£350K06/210.37 mi3, Norfolk Road, Canterbury, Kent CT1 3PZ3
£350K04/230.37 mi1, Norfolk Road, Canterbury, Kent CT1 3PZ3
£300K11/220.39 mi35, Victoria Road, Canterbury, Kent CT1 3SQ3

Local Rents

50 rents from £410/mo to £2.8K/mo, average is £1.5K/mo.

RentDateDistanceAddressBeds 
£1,35003/240.1 miLansdown Road, Canterbury3
£57503/240.11 mi6 Lansdown Road, Canterbury3
£1,45004/240.13 miLansdown Road, Canterbury3
£2,35002/240.16 mi-3
£2,35004/240.16 mi-3
£2,29505/240.16 mi-3
£1,79504/250.16 mi-3
£1,25005/240.17 miHenry Court, Canterbury3
£1,59504/240.17 miNorman Road, Canterbury3
£1,55003/250.18 mi-3
£1,50004/240.21 miMartyrs Field Road, Canterbury3
£1,80004/240.22 miCastle Street, Canterbury - Ref 12033
£1,49503/240.23 miMartyrs Field Road, Canterbury3
£1,35004/240.25 miClaremont Place, Canterbury, CT13
£1,35004/240.25 mi-3
£1,59002/240.26 mi-3
£1,53002/240.26 mi-3
£1,30012/240.26 mi-3
£1,25001/250.26 mi-3
£1,29002/250.26 mi-3
£57503/240.26 mi3 Bedroom Student Home - CCCU3
£1,60003/250.26 mi-3
£2,80003/250.27 mi-3
£2,80004/250.27 mi-3
£1,50003/240.28 miStour Street, Canterbury, Kent, CT13
£1,45003/240.28 miStour Street, Canterbury, Kent, CT13
£1,49503/240.29 miMartyrs Field Road , Canterbury 3
£2,27504/240.29 miRiverside, Lavender Mews, Church Lane,St. Mildreds,Canterbury,CT13
£1,50004/240.29 miMillers Yard, Canterbury3
£1,30003/240.29 miYork Road, Canterbury3
£1,65003/240.29 miStourville, Stour Street, Canterbury Ref - 22903
£1,60003/240.3 miYork Road, Canterbury Ref - 12103
£1,75003/240.31 mi-3
£1,75004/240.31 miYork Road, Canterbury, CT13
£1,48502/240.32 mi-3
£1,48503/240.32 miHawks Lane, Canterbury, CT13
£1,50004/240.32 miBingley Court, Canterbury3
£1,85004/250.33 mi-3
£1,35004/240.33 miNew Street Canterbury CT13
£1,35005/240.33 miNew Street Canterbury CT13
£1,75004/240.33 miTannery Way South, Canterbury3
£1,20005/240.33 miWincheap, Canterbury3
£1,20005/240.33 miWincheap, Canterbury3
£2,00004/240.34 miThe Rope Walk, Canterbury, CT13
£41003/240.34 miWincheap, Canterbury3
£1,75004/240.34 miBack Lane, CANTERBURY3
£1,79505/240.34 miBack Lane, Canterbury3
£1,99502/240.34 mi-3
£1,99502/240.34 mi-3
£1,99502/250.34 mi-3

Local Area Statistics

Population in ct1

29,688

Population in Canterbury

65,078

Town centre distance

0.93 miles away

Nearest school

0.20 miles away

Nearest train station

0.14 miles away

 

 

Rental demand

Tenant's market

Rental growth (12m)

+56%

Sales demand

Balanced market

Capital growth (5yrs)

+5%

Property History

Listed for £265,000

September 30, 2024

Floor Plans

Description

  • Renovation opportunity +
  • Garden front and rear +
  • Parking space for one car +
  • Garage for 2 cars +
  • Three bedrooms, 2 double, one single +
  • Study +
  • Conservatory +
  • Potential building plot to side of house +

SUMMARY
Welcome to this semi-detached house in Rhodaus Close, a quiet cul-de-sac in the sought after CT1 area of Canterbury.

DESCRIPTION
Welcome to this semi-detached house in Rhodaus Close, a quiet cul-de-sac in the sought after CT1 area of Canterbury.

This property is a traditionally built home in need of updating, making it an ideal opportunity for a family or professional to renovate to their own taste with potential to extend to the side.

On entering the property, the hallway opens into the cozy living room. There is a study at the end of the living room. Leading off from there is the galley kitchen with sufficient storage and flooded with natural light. The kitchen then opens on to the conservatory and into the garden.

Upstairs, you will find two double bedrooms, a single bedroom and a family shower room.

The mature, low maintenance garden, currently paved and graveled, offers a large shed and an extended garage with room for 2 cars.

Situated within easy walking distance of the city centre and close to local amenities, schools and excellent transport links, this property in Rhodaus Close is an ideal opportunity for those looking to establish their home in this sought-after area.

Lounge 11' 6" x 16' 5" ( 3.51m x 5.00m )

Study 7' 7" x 6' 1" ( 2.31m x 1.85m )

Kitchen 8' 9" x 6' 7" ( 2.67m x 2.01m )

Conservatory 12' 2" x 8' 1" ( 3.71m x 2.46m )

Bedroom One 13' 7" x 10' ( 4.14m x 3.05m )

Bedroom Two 8' 4" x 10' ( 2.54m x 3.05m )

Bedroom Three 10' 6" x 6' 3" ( 3.20m x 1.91m )

Bathroom 6' 2" x 4' 5" ( 1.88m x 1.35m )

1. MONEY LAUNDERING REGULATIONS - Intending purchasers will be asked to produce identification documentation at a later stage and we would ask for your co-operation in order that there will be no delay in agreeing the sale.
2: These particulars do not constitute part or all of an offer or contract.
3: The measurements indicated are supplied for guidance only and as such must be considered incorrect.
4: Potential buyers are advised to recheck the measurements before committing to any expense.
5: Connells has not tested any apparatus, equipment, fixtures, fittings or services and it is the buyers interests to check the working condition of any appliances.
6: Connells has not sought to verify the legal title of the property and the buyers must obtain verification from their solicitor.

Agent Details

Connells, Canterbury

01227 202614

Next Steps?

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