2 Bed Flat, Single Let, Canterbury, CT1 3FF, £185,000

George Roche Road, Canterbury, CT1 3FF - 8 views - 6 months ago

Sold STC
Leasehold
BTL
ROI: 6%
~68 m²
+2 photos

ValuationUndervalued

Sold Prices£115K - £645K
Sold Prices/m²£2.1K/m² - £5.2K/m²

 

 

Square Metres

~68.11 m²
Price/m²£2.7K/m²

Value Estimate

£224,245
BMV21%

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£46,250

Stamp Duty & Legal Fees

£6,750

Total Cash In

£53,000

 

 

Cash Out

 

Rent Range

£950 - £2,995

Rent Estimate

£1,063

Running Costs/mo

£811

Cashflow/mo

£252

Cashflow/yr

£3,027

ROI

6%

Gross Yield

7%

Local Sold Prices

43 sold prices from £115K to £645K, average is £220K. £2.1K/m² to £5.2K/m², average is £3.3K/m².

PriceDateDistanceAddressBeds 
£140K12/210.07 mi85, George Roche Road, Canterbury, Kent CT1 3FF2
£225K02/210.29 mi52, Raymond Avenue, Canterbury, Kent CT1 3JZ2
£225K02/210.29 mi52, Raymond Avenue, Canterbury, Kent CT1 3JZ2
£225K09/210.29 mi16, Raymond Avenue, Canterbury, Kent CT1 3JZ2
£186K07/210.31 mi35, Raymond Avenue, Canterbury, Kent CT1 3JY2
£280K06/210.39 mi6, Holman Mews, Canterbury, Kent CT1 3JE2
£208K02/210.4 miFlat 8, Durovernum Court, Old Dover Road, Canterbury, Kent CT1 3DA2
£235K10/220.5 mi22, Castle Row, Canterbury, Kent CT1 2QY2
£180K10/200.55 mi28, Homersham, Canterbury, Kent CT1 3RG2
£260K01/230.55 mi16, Homersham, Canterbury, Kent CT1 3RG2
£235K01/230.56 mi65, Bingley Court, Canterbury, Kent CT1 2SW2
£220K05/210.57 mi78, Bingley Court, Canterbury, Kent CT1 2SW2
£230K05/210.57 mi66, Bingley Court, Canterbury, Kent CT1 2SW2
£230K03/210.57 mi70, Bingley Court, Canterbury, Kent CT1 2SW2
£230K07/230.57 mi73, Bingley Court, Canterbury, Kent CT1 2SW2
£230K01/230.57 mi47, St Andrews Close, Canterbury, Kent CT1 2RT2
£190K06/210.57 mi54, St Andrews Close, Canterbury, Kent CT1 2RT2
£217.5K11/200.57 mi62, St Andrews Close, Canterbury, Kent CT1 2RT2
£220K04/210.57 mi49, St Andrews Close, Canterbury, Kent CT1 2RT2
£210K09/210.57 mi7, Homersham, Canterbury, Kent CT1 3RL2
£176.8K01/210.58 mi23, Homersham, Canterbury, Kent CT1 3RL2
£190K06/210.58 mi29a, Homersham, Canterbury, Kent CT1 3RL2
£215.1K06/210.58 mi16, Scott Avenue, Canterbury, Kent CT1 3RN2
£165K02/210.58 miFlat 17, St. Lawrence Court, St Lawrence Road, Canterbury, Kent CT1 3EY2
£210K05/230.62 mi12, Sullivan Close, Canterbury, Kent CT1 3TF2
£310K12/210.62 mi44, The Rope Walk, Canterbury, Kent CT1 2FY2
£229.9K11/210.62 mi14, The Rope Walk, Canterbury, Kent CT1 2FY2
£645K12/200.64 mi27, St Augustines Road, Canterbury, Kent CT1 1XP2
£290K08/230.66 miFlat 16, Stour Court, Stour Street, Canterbury, Kent CT1 2PG2
£230K06/210.69 mi17, Old Watling Street, Canterbury, Kent CT1 2DX2
£320K09/210.69 mi60, Old Watling Street, Canterbury, Kent CT1 2DX2
£295K12/200.69 mi62, Old Watling Street, Canterbury, Kent CT1 2DX2
£255K04/230.69 mi48, Old Watling Street, Canterbury, Kent CT1 2DX2
£215K11/200.69 mi15, Old Watling Street, Canterbury, Kent CT1 2DX2
£170K07/210.91 miFlat 2, Sterling Court, Pound Lane, Canterbury, Kent CT1 2HY2
£198K06/230.91 miFlat 10, Sterling Court, Pound Lane, Canterbury, Kent CT1 2HY2
£115K04/210.92 miFlat 10, Fyndon House, Spring Lane, Canterbury, Kent CT1 1SP2
£187K02/230.95 mi41, Artillery Gardens, Canterbury, Kent CT1 1LG2
£217K01/210.98 miFlat 3, Westside Apartments, Station Road West, Canterbury, Kent CT2 8WA2
£266K06/230.98 miFlat 3, Westside Apartments, Station Road West, Canterbury, Kent CT2 8WA2
£227.5K05/230.98 mi14, Carriage Mews, Canterbury, Kent CT2 8AL2
£200K11/201 miFlat 20, Deans Mill Court, The Causeway, Canterbury, Kent CT1 2BF2
£200K08/211 miFlat 6, Deans Mill Court, The Causeway, Canterbury, Kent CT1 2BF2

Local Rents

50 rents from £950/mo to £3K/mo, average is £1.2K/mo.

RentDateDistanceAddressBeds 
£1,15003/240.04 miGeorge Roche Road, Canterbury2
£1,40004/240.05 miGeorge Roche Road2
£1,15003/240.05 miGeorge Roche Road, Canterbury2
£1,10003/240.06 miGeorge Roche Road, Canterbury2
£2,27504/250.11 mi-2
£1,15003/240.11 miPritchard Court, George Roche Road2
£1,10003/240.12 miCanterbury2
£1,20003/240.21 miZealand Road, Canterbury2
£1,25004/240.22 miPuckle Lane, Canterbury, Kent, CT12
£1,17503/240.25 miProspect Place, Canterbury2
£1,25005/240.25 miProspect Place, Canterbury, CT12
£1,25004/240.25 mi-2
£1,05002/240.26 mi-2
£95003/240.3 miRaymond Avenue, Canterbury2
£1,25004/250.31 mi-2
£1,05003/240.32 miRaymond Avenue, Canterbury2
£1,15003/240.33 miLansdown Road, Canterbury2
£1,10004/240.34 miMartyrs Field Road, Canterbury2
£1,10005/240.34 miMartyrs Field Road, Canterbury2
£1,35001/250.38 mi-2
£1,10003/240.38 miVictory Court, 7 Gordon Road, Canterbury, CT12
£1,15005/240.4 miDurovernum Court, Canterbury2
£1,15003/240.44 miCanterbury2
£1,10005/240.45 miOaten Hill, Canterbury - Ref 2182
£1,10005/240.45 miOaten Hill, Canterbury - Ref 2182
£1,10012/240.45 miOaten Hill, Canterbury - Ref 2172
£1,60003/240.48 miRiding Gate, Canterbury2
£1,37505/240.49 miInvicta Close, CANTERBURY2
£1,15004/240.49 miChaucer Court2
£1,30003/240.5 miWincheap Barns , Canterbury2
£1,25012/240.5 miWincheap Barns , Canterbury2
£1,05005/240.51 miOld Dover Road, Canterbury2
£1,20005/240.51 miFlagstaff Court, CANTERBURY2
£1,20003/240.51 miFlagstaff Court, Canterbury, Kent, CT1 3HA2
£1,20003/240.51 miFlagstaff Court, Canterbury, Kent, CT1 3HA2
£1,10003/240.52 miArden Court, Dover Street, Canterbury2
£2,99502/240.52 mi-2
£1,20004/240.52 miFlagstaff Court, Canterbury, Kent, CT12
£1,35003/250.52 mi-2
£1,35005/240.53 mi-2
£1,35004/240.53 miNew Dover Road, Canterbury, CT12
£1,35005/240.53 miNew Dover Road, Canterbury, CT12
£1,50012/240.53 mi-2
£1,50004/240.53 miLinen Court2
£1,15005/240.53 miGas Street, Canterbury, Kent, CT12
£1,35004/240.54 miNew Dover Road, CANTERBURY2
£1,40005/240.54 miWootton Court, 42 New Dover Road, Canterbury2
£1,35003/240.54 mi-2
£1,25004/240.54 mi-2
£1,27504/240.54 miCanterbury, Kent, CT12

Local Area Statistics

Population in ct1

29,688

Population in Canterbury

65,078

Town centre distance

1.26 miles away

Nearest school

0.10 miles away

Nearest train station

0.40 miles away

 

 

Rental demand

Tenant's market

Rental growth (12m)

+56%

Sales demand

Balanced market

Capital growth (5yrs)

+5%

Property History

Listed for £185,000

October 25, 2024

Floor Plans

Description

A well presented two bedroom ground floor apartment, offered to the market with no onward chain and situated in the popular George Roche development in South Canterbury. The property is close to the Kent & Canterbury Hospital and within a short walk of the city centre. There is a well kept communal entrance which leads into a spacious inner hall with a storage cupboard and access to all rooms. The open plan living/dining room is lovely and bright and has a large double glazed bay window at the front of the building. The kitchen has a range of white wall and base units with a built-in electric oven and gas hob, an integrated fridge freezer and space for a washing machine. There are two bedrooms, a double and a single and a modern bathroom with a white suite comprising a panelled bath with mixer taps and a shower off the mains over and a screen. The apartment has the benefit of allocated parking for one car and communal gardens and would make an ideal first-time or investment purchase.

Council Tax Band D
Ground Rent Fixed at £500 per annum.
Amenity charge of £153.91
Maintenance approximately £1,355
Lease: 125 years from 2012

Agent Details

Godwin Curtis Ltd, Canterbury

01227 203903

Next Steps?

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