4 Bed HMO, Canterbury, CT1 1YS, £280,000

41 Regency Place, Canterbury, Kent, CT1 1YS - 4 views - 6 months ago

Sold STC
HMO
ROI: 5%
116 m²
+18 photos

ValuationUndervalued

Sold Prices£195K - £970K
Sold Prices/m²£1.9K/m² - £6.2K/m²

 

 

Square Metres

116 m²
Price/m²£2.4K/m²

Value Estimate

£336,000
BMV20%

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£70,000

Stamp Duty & Legal Fees

£11,100

Total Cash In

£81,100

 

 

Cash Out

 

Room Rate

£537

Gross Rent

£2,148

Running Costs/mo

£1,795

Cashflow/mo

£353

Cashflow/yr

£4,235

ROI

5%

Gross Yield

9%

Local Sold Prices

50 sold prices from £195K to £970K, average is £351.5K. £1.9K/m² to £6.2K/m², average is £3.2K/m².

PriceDateDistanceAddressBeds 
£288K03/230.1 mi2, Gore Mews, Canterbury, Kent CT1 1JB4
£275K10/220.11 mi26, Brymore Road, Canterbury, Kent CT1 1JE4
£230K02/210.16 mi2, Honeywood Close, Canterbury, Kent CT1 1XF4
£216K03/210.2 mi18, Glenside Avenue, Canterbury, Kent CT1 1DB4
£285K10/220.22 mi8, New Town Street, Canterbury, Kent CT1 1BX4
£605K03/210.26 mi8, Kings Park, Canterbury, Kent CT1 1QH4
£295K10/220.28 mi45, Old Park Avenue, Canterbury, Kent CT1 1DN4
£260K06/210.31 mi10, Forrester Close, Canterbury, Kent CT1 1DY4
£210K02/210.31 mi11, Forrester Close, Canterbury, Kent CT1 1DY4
£195K12/200.31 mi10, Forrester Close, Canterbury, Kent CT1 1DY4
£280K11/210.31 mi48, College Road, Canterbury, Kent CT1 1QX4
£268K07/210.31 mi38, College Road, Canterbury, Kent CT1 1QX4
£230K12/200.32 mi20, New Ruttington Lane, Canterbury, Kent CT1 1LS4
£200K04/230.35 mi14, South Street, Canterbury, Kent CT1 1EA4
£350K03/210.38 mi14, St Martins Close, Canterbury, Kent CT1 1QG4
£353K01/230.39 mi19, North Holmes Road, Canterbury, Kent CT1 1QR4
£445K04/210.49 miMalverns, Market Way, Canterbury, Kent CT2 7JG4
£485K02/210.51 mi8, Abbey Gardens, Canterbury, Kent CT2 7EU4
£600K01/230.54 mi5, Monks Close, Canterbury, Kent CT2 7ET4
£430K12/200.57 mi27, St Stephens Road, Canterbury, Kent CT2 7JD4
£600K01/230.6 mi4, Abbots Place, Canterbury, Kent CT1 2AH4
£250K06/230.61 mi13, Ulcombe Gardens, Canterbury, Kent CT2 7QY4
£305K01/230.62 mi59, Ulcombe Gardens, Canterbury, Kent CT2 7QZ4
£280K03/230.63 mi87, Tennyson Avenue, Canterbury, Kent CT1 1EW4
£272K07/210.63 mi27, Albert Road, Canterbury, Kent CT1 1UJ4
£560K08/210.67 mi8, Blackfriars Street, Canterbury, Kent CT1 2AP4
£355K09/210.69 mi1, The Spires, Canterbury, Kent CT2 8SD4
£335K10/200.7 mi93, Headcorn Drive, Canterbury, Kent CT2 7TR4
£270K07/210.7 mi23, Headcorn Drive, Canterbury, Kent CT2 7TR4
£250K08/210.7 mi46, Headcorn Drive, Canterbury, Kent CT2 7QU4
£670K03/230.72 mi20, Best Lane, Canterbury, Kent CT1 2JB4
£790K10/220.73 mi30, St Augustines Road, Canterbury, Kent CT1 1XR4
£970K06/210.73 miBlackman House, 6a, St Peters Lane, Canterbury, Kent CT1 2BP4
£379K04/210.74 mi27, Orient Place, Canterbury, Kent CT2 8AW4
£215K04/210.76 mi61, Tenterden Drive, Canterbury, Kent CT2 7BH4
£332.5K01/210.79 mi14, Westerham Close, Canterbury, Kent CT2 7TZ4
£465K01/210.79 mi45, Kirbys Lane, Canterbury, Kent CT2 8AG4
£425K12/220.79 mi43a, Station Road West, Canterbury, Kent CT2 8AN4
£695K04/210.8 mi18, New Dover Road, Canterbury, Kent CT1 3AP4
£380K05/210.8 mi64, Station Road West, Canterbury, Kent CT2 8AN4
£360K11/200.8 mi66, Station Road West, Canterbury, Kent CT2 8AN4
£560K05/210.8 miCambrian House, The Terrace, Canterbury, Kent CT2 7AJ4
£540K11/200.8 mi7b, North Lane, Canterbury, Kent CT2 7EB4
£257K01/230.83 mi32, Long Meadow Way, Canterbury, Kent CT2 7DE4
£850K05/210.84 mi20, Ersham Road, Canterbury, Kent CT1 3AR4
£640K12/200.84 mi10, Stanmore Court, Canterbury, Kent CT1 3DS4
£665K06/230.85 mi2, Mandeville Road, Canterbury, Kent CT2 7HB4
£484K04/210.85 mi1, Mandeville Road, Canterbury, Kent CT2 7HB4
£272K08/210.86 mi81, Tenterden Drive, Canterbury, Kent CT2 7BJ4
£562K11/220.88 mi46, Rochester Avenue, Canterbury, Kent CT1 3YE4

Local Area Statistics

Population in ct1

29,688

Population in Canterbury

65,078

Town centre distance

0.33 miles away

Nearest school

0.40 miles away

Nearest train station

0.83 miles away

 

 

Rental demand

Tenant's market

Rental growth (12m)

+56%

Sales demand

Balanced market

Capital growth (5yrs)

+5%

Property History

Listed for £280,000

October 16, 2024

Sold for £122,500

2001

Floor Plans

Description

A great investment opportunity to purchase this 4 bedroom 3 storey HMO currently rented out for £1980 pcm inclusive of utility bills.. Annual income is £23,760 yielding 8.48% per annum. The property is currently let out on a single room basis until July 2025 and is managed by Day Management.

As a Buy to let there is no onward chain.

Council Tax Band: D Canterbury City Council
Freehold
Service Charge (maintaining development) £170 per annum

Identification checks
Should a purchaser(s) have an offer accepted on a property marketed by Sally Hatcher Estates Limited, they will need to undertake an identification check. This is done to meet our obligation under Anti Money Laundering Regulations (AML) and is a legal requirement. We use a specialist third party service to verify your identity. The cost of these checks is £60 inc. VAT per purchase, which is paid in advance, when an offer is agreed and prior to a sales memorandum being issued. This charge is non-refundable under any circumstances.

The information provided about this property does not constitute or form part of an offer or contract, nor may be it be regarded as representations. All interested parties must verify accuracy and your solicitor must verify tenure/lease information, fixtures & fittings and, where the property has been extended/converted, planning/building regulation consents. All dimensions are approximate and quoted for guidance only as are floor plans which are not to scale and their accuracy cannot be confirmed. Reference to appliances and/or services does not imply that they are necessarily in working order or fit for the purpose.

Kitchen/Diner - 3.000 x 4.466 (9'10" x 14'7") -

Living Room - 3.424 x 2.840 (11'2" x 9'3") -

Bedroom 1 - 3.070 x 2.303 (10'0" x 7'6") -

Bedroom 2 Combined Size - 14.681 (48'1") -

Bedroom 3 - 2.928 x 4.464 (9'7" x 14'7") -

Shower Room - 1.717 x 1.515 (5'7" x 4'11") -

Bedroom 4 - 3.375 x 4.383 (11'0" x 14'4") -

Ensuite Shower Room - 1.911 x 2.009 (6'3" x 6'7") -

Agent Details

Sally Hatcher Estates Sales, Chartham Hatch

01227 538063

Next Steps?

This deal was sourced from Rightmove. Contact the landlord/agent for a viewing now 💪