3 Bed Flat, Refurb/BRRR, Canterbury, CT1 3JT, £150,000

Nunnery Fields, Canterbury, Kent, CT1 3JT - 8 views - 6 months ago

Leasehold
Refurb/BRRR
ROI: 6%
~70 m²
+3 photos

ValuationFair Value

Sold Prices£165K - £750K
Sold Prices/m²£2.2K/m² - £8.5K/m²

 

 

Square Metres

~69.50 m²
Price/m²£2.2K/m²

Value Estimate

£151,500

 

 

End Value (After Refurb)

£270,399

Uplift in Value

+80%

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£37,500

Stamp Duty & Legal Fees

£9,200

Refurb Costs

£33,181

Bridging Loan Interest

£3,938

Total Cash In

£85,568

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Estimated Sale Price

£270,399

Agent Fees (1%)

£2,704

Bridging Loan

£112,500

Bridging Loan Interest

£3,938

Flip Profit

£69,627

Local Sold Prices

13 sold prices from £165K to £750K, average is £225K. £2.2K/m² to £8.5K/m², average is £3K/m².

PriceDateDistanceAddressBeds 
£210K04/210.17 mi40, Raymond Avenue, Canterbury, Kent CT1 3JZ3
£435K12/220.46 miThe Old Bakehouse, Wincheap, Canterbury, Kent CT1 3RS3
£415K11/220.52 mi1, Great Stour Mews, Canterbury, Kent CT1 2FS3
£411K10/220.52 mi3, Great Stour Mews, Canterbury, Kent CT1 2FS3
£220K04/210.53 mi45, St Andrews Close, Canterbury, Kent CT1 2RT3
£165K08/210.82 mi45, Warwick Road, Canterbury, Kent CT1 1RL3
£750K03/230.85 miFlat 12, Kirbys Heights, Station Road West, Canterbury, Kent CT2 8FB3
£440K10/220.86 miFlat 3, The Merchant Store, Station Road West, Canterbury, Kent CT2 8AN3
£195K11/221.55 mi25, Frencham Close, Canterbury, Kent CT2 7DS3
£178K07/231.56 mi125, Tennyson Avenue, Canterbury, Kent CT1 1ER3
£172K08/211.74 mi4, Nethersole Close, Canterbury, Kent CT2 7DP3
£415K10/202.13 mi6, Canterbury Hill, Tyler Hill, Canterbury, Kent CT2 9LS3
£225K12/222.92 mi17, Ainsley Way, Chartham, Canterbury, Kent CT4 7UA3

Local Rents

50 rents from £410/mo to £3.3K/mo, average is £1.5K/mo.

RentDateDistanceAddressBeds 
£1,59504/240.03 miNorman Road, Canterbury3
£1,35003/240.1 miLansdown Road, Canterbury3
£1,45004/240.11 miLansdown Road, Canterbury3
£57503/240.12 mi6 Lansdown Road, Canterbury3
£1,55004/250.17 mi-3
£1,55003/240.23 miLesley Avenue, Canterbury3
£1,50003/240.23 miGeorge Roche Road3
£3,30004/250.24 mi-3
£2,35002/240.28 mi-3
£2,35004/240.28 mi-3
£2,29505/240.28 mi-3
£1,79504/250.28 mi-3
£1,50004/240.31 miMartyrs Field Road, Canterbury3
£1,59002/240.33 mi-3
£1,53002/240.33 mi-3
£1,30012/240.33 mi-3
£1,25001/250.33 mi-3
£1,29002/250.33 mi-3
£1,25005/240.33 miHenry Court, Canterbury3
£1,49503/240.34 miMartyrs Field Road, Canterbury3
£1,35004/240.36 miClaremont Place, Canterbury, CT13
£1,35004/240.36 mi-3
£1,49503/240.36 miMartyrs Field Road , Canterbury 3
£1,60004/250.36 mi-3
£2,80003/250.39 mi-3
£2,80004/250.39 mi-3
£57503/240.39 mi3 Bedroom Student Home - CCCU3
£1,41003/240.4 miIvy Lane, Canterbury3
£1,42003/240.4 miIvy Lane, Canterbury Ref - 26453
£1,80004/240.41 miCastle Street, Canterbury - Ref 12033
£1,30003/240.43 miYork Road, Canterbury3
£1,50003/240.43 miAlbert Road, Canterbury3
£1,50004/240.43 miMillers Yard, Canterbury3
£1,60003/240.44 miYork Road, Canterbury Ref - 12103
£1,75003/240.45 mi-3
£1,75004/240.45 miYork Road, Canterbury, CT13
£1,35004/240.45 miNew Street Canterbury CT13
£1,35005/240.45 miNew Street Canterbury CT13
£1,20005/240.47 miWincheap, Canterbury3
£1,20005/240.47 miWincheap, Canterbury3
£1,45003/240.47 miStour Street, Canterbury, Kent, CT13
£1,50003/240.48 miStour Street, Canterbury, Kent, CT13
£41003/240.48 miWincheap, Canterbury3
£1,65003/240.48 miStourville, Stour Street, Canterbury Ref - 22903
£2,27504/240.49 miRiverside, Lavender Mews, Church Lane,St. Mildreds,Canterbury,CT13
£1,99502/240.49 mi-3
£1,99502/240.49 mi-3
£1,99502/250.49 mi-3
£1,99503/250.49 mi-3
£1,99504/250.49 mi-3

Local Area Statistics

Population in ct1

29,688

Population in Canterbury

65,078

Town centre distance

1.04 miles away

Nearest school

0.10 miles away

Nearest train station

0.32 miles away

 

 

Rental demand

Tenant's market

Rental growth (12m)

+56%

Sales demand

Balanced market

Capital growth (5yrs)

+5%

Property History

Price changed to £150,000

February 20, 2025

Price changed to £180,000

January 3, 2025

Listed for £195,000

October 11, 2024

Floor Plans

Description

  • Three-bedroom flat +
  • Excellent transport links +
  • Chain free transaction +
  • Prime urban location +
  • Investment opportunity +
  • Adaptable layout +

Your Move are now in receipt of an offer for the sum of £150,000 for Flat 1, 29a Nunnery Fields, Canterbury, Kent, CT1 3JT

Anyone wishing to place an offer on the property should contact Your Move, 81b Castle Street, Canterbury, Kent, CT1 2QD, , prior to exchange of contracts.

Presenting a fantastic opportunity for sale, this three-bedroom flat is situated in a well-connected urban area. Benefiting from excellent public transport links, this property makes for a convenient and accessible home.

The flat comprises an adaptable layout, offering the potential for you to make it your own. It features a spacious reception room, perfect for unwinding or entertaining guests.

The property is sold as seen and is chain free, allowing for a smooth and hassle-free transaction. This flat presents a brilliant investment opportunity, particularly for those looking to add to their property portfolio. Please note, all services and appliances in this flat have not and will not be tested.

Don't miss out on this great opportunity to purchase a flat in a prime urban location with excellent transport links. Although the property is in need of some personal touches, it offers the perfect canvas for you to create your dream home.

IMPORTANT NOTE TO POTENTIAL PURCHASERS & TENANTS:
We endeavour to make our particulars accurate and reliable, however, they do not constitute or form part of an offer or any contract and none is to be relied upon as statements of representation or fact. The services, systems and appliances listed in this specification have not been tested by us and no guarantee as to their operating ability or efficiency is given. All photographs and measurements have been taken as a guide only and are not precise. Floor plans where included are not to scale and accuracy is not guaranteed. If you require clarification or further information on any points, please contact us, especially if you are traveling some distance to view. POTENTIAL PURCHASERS: Fixtures and fittings other than those mentioned are to be agreed with the seller. POTENTIAL TENANTS: All properties are available for a minimum length of time, with the exception of short term accommodation. Please contact the branch for details. A security deposit of at least one month’s rent is required. Rent is to be paid one month in advance. It is the tenant’s responsibility to insure any personal possessions. Payment of all utilities including water rates or metered supply and Council Tax is the responsibility of the tenant in most cases.

CAN240143/2

Agent Details

Your Move, Canterbury

01227 202622

Next Steps?

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