2 Bed Flat, Single Let, Canterbury, CT1 3FG, £225,000

6, Castle Street, Canterbury, CT1 2QF - 6 months ago

Leasehold
BTL
ROI: 2%
32 m²
+12 photos

ValuationOvervalued

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

 

 

Square Metres

32.38 m²
Price/m²£6.9K/m²

Value Estimate

£106,072

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£56,250

Stamp Duty & Legal Fees

£14,450

Total Cash In

£70,700

 

 

Cash Out

 

Rent Range

£950 - £2,995

Rent Estimate

£1,075

Running Costs/mo

£938

Cashflow/mo

£137

Cashflow/yr

£1,643

ROI

2%

Gross Yield

6%

Local Sold Prices

40 sold prices from £115K to £645K, average is £225K. £2.1K/m² to £5.2K/m², average is £3.3K/m².

PriceDateDistanceAddressBeds 
£140K12/210.01 mi85, George Roche Road, Canterbury, Kent CT1 3FF2
£225K02/210.24 mi52, Raymond Avenue, Canterbury, Kent CT1 3JZ2
£225K02/210.24 mi52, Raymond Avenue, Canterbury, Kent CT1 3JZ2
£225K09/210.24 mi16, Raymond Avenue, Canterbury, Kent CT1 3JZ2
£186K07/210.26 mi35, Raymond Avenue, Canterbury, Kent CT1 3JY2
£208K02/210.35 miFlat 8, Durovernum Court, Old Dover Road, Canterbury, Kent CT1 3DA2
£280K06/210.38 mi6, Holman Mews, Canterbury, Kent CT1 3JE2
£235K10/220.52 mi22, Castle Row, Canterbury, Kent CT1 2QY2
£165K02/210.52 miFlat 17, St. Lawrence Court, St Lawrence Road, Canterbury, Kent CT1 3EY2
£645K12/200.59 mi27, St Augustines Road, Canterbury, Kent CT1 1XP2
£235K01/230.6 mi65, Bingley Court, Canterbury, Kent CT1 2SW2
£220K05/210.61 mi78, Bingley Court, Canterbury, Kent CT1 2SW2
£230K05/210.61 mi66, Bingley Court, Canterbury, Kent CT1 2SW2
£230K03/210.61 mi70, Bingley Court, Canterbury, Kent CT1 2SW2
£230K07/230.61 mi73, Bingley Court, Canterbury, Kent CT1 2SW2
£260K01/230.61 mi16, Homersham, Canterbury, Kent CT1 3RG2
£230K01/230.61 mi47, St Andrews Close, Canterbury, Kent CT1 2RT2
£190K06/210.61 mi54, St Andrews Close, Canterbury, Kent CT1 2RT2
£217.5K11/200.61 mi62, St Andrews Close, Canterbury, Kent CT1 2RT2
£220K04/210.61 mi49, St Andrews Close, Canterbury, Kent CT1 2RT2
£210K09/210.63 mi7, Homersham, Canterbury, Kent CT1 3RL2
£176.8K01/210.63 mi23, Homersham, Canterbury, Kent CT1 3RL2
£190K06/210.63 mi29a, Homersham, Canterbury, Kent CT1 3RL2
£215.1K06/210.63 mi16, Scott Avenue, Canterbury, Kent CT1 3RN2
£310K12/210.65 mi44, The Rope Walk, Canterbury, Kent CT1 2FY2
£229.9K11/210.65 mi14, The Rope Walk, Canterbury, Kent CT1 2FY2
£290K08/230.67 miFlat 16, Stour Court, Stour Street, Canterbury, Kent CT1 2PG2
£210K05/230.67 mi12, Sullivan Close, Canterbury, Kent CT1 3TF2
£230K06/210.71 mi17, Old Watling Street, Canterbury, Kent CT1 2DX2
£320K09/210.71 mi60, Old Watling Street, Canterbury, Kent CT1 2DX2
£295K12/200.71 mi62, Old Watling Street, Canterbury, Kent CT1 2DX2
£255K04/230.71 mi48, Old Watling Street, Canterbury, Kent CT1 2DX2
£215K11/200.72 mi15, Old Watling Street, Canterbury, Kent CT1 2DX2
£115K04/210.87 miFlat 10, Fyndon House, Spring Lane, Canterbury, Kent CT1 1SP2
£170K07/210.93 miFlat 2, Sterling Court, Pound Lane, Canterbury, Kent CT1 2HY2
£198K06/230.93 miFlat 10, Sterling Court, Pound Lane, Canterbury, Kent CT1 2HY2
£187K02/230.94 mi41, Artillery Gardens, Canterbury, Kent CT1 1LG2
£217K01/210.99 miFlat 3, Westside Apartments, Station Road West, Canterbury, Kent CT2 8WA2
£266K06/230.99 miFlat 3, Westside Apartments, Station Road West, Canterbury, Kent CT2 8WA2
£227.5K05/230.99 mi14, Carriage Mews, Canterbury, Kent CT2 8AL2

Local Rents

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

RentDateDistanceAddressBeds 
£1,10003/240.01 miGeorge Roche Road, Canterbury2
£1,40004/240.01 miGeorge Roche Road2
£1,15003/240.04 miGeorge Roche Road, Canterbury2
£1,15003/240.04 miGeorge Roche Road, Canterbury2
£2,27504/250.07 mi-2
£1,15003/240.08 miPritchard Court, George Roche Road2
£1,10003/240.08 miCanterbury2
£1,25004/240.18 miPuckle Lane, Canterbury, Kent, CT12
£1,25005/240.22 miProspect Place, Canterbury, CT12
£1,25004/240.22 mi-2
£1,17503/240.22 miProspect Place, Canterbury2
£1,05002/240.22 mi-2
£95003/240.25 miRaymond Avenue, Canterbury2
£1,25005/250.25 mi-2
£1,20003/240.26 miZealand Road, Canterbury2
£1,05003/240.26 miRaymond Avenue, Canterbury2
£1,15003/240.32 miLansdown Road, Canterbury2
£1,15005/240.35 miDurovernum Court, Canterbury2
£1,10004/240.39 miMartyrs Field Road, Canterbury2
£1,10005/240.39 miMartyrs Field Road, Canterbury2
£1,35001/250.42 mi-2
£1,10003/240.42 miVictory Court, 7 Gordon Road, Canterbury, CT12
£1,10005/240.42 miOaten Hill, Canterbury - Ref 2182
£1,10005/240.42 miOaten Hill, Canterbury - Ref 2182
£1,10012/240.42 miOaten Hill, Canterbury - Ref 2172
£1,37505/240.43 miInvicta Close, CANTERBURY2
£1,05005/240.45 miOld Dover Road, Canterbury2
£1,15004/240.45 miChaucer Court2
£1,60003/240.47 miRiding Gate, Canterbury2
£1,35005/240.48 mi-2
£1,35004/240.48 miNew Dover Road, Canterbury, CT12
£1,35005/240.48 miNew Dover Road, Canterbury, CT12
£1,15003/240.48 miCanterbury2
£1,20005/240.48 miFlagstaff Court, CANTERBURY2
£1,20003/240.48 miFlagstaff Court, Canterbury, Kent, CT1 3HA2
£1,20003/240.48 miFlagstaff Court, Canterbury, Kent, CT1 3HA2
£1,35004/240.48 miNew Dover Road, CANTERBURY2
£1,40005/240.49 miWootton Court, 42 New Dover Road, Canterbury2
£1,32505/240.49 miBellflower Mews, Canterbury2
£1,25004/240.49 miCanterbury2
£1,25005/240.49 miCanterbury2
£1,73301/250.49 mi-2
£1,20004/240.49 miFlagstaff Court, Canterbury, Kent, CT12
£1,30003/240.49 miNew Dover Road, Canterbury, CT12
£1,10003/240.49 miArden Court, Dover Street, Canterbury2
£1,35003/240.49 mi-2
£1,25004/240.49 mi-2
£1,15001/250.5 mi-2
£2,99502/240.5 mi-2
£1,20003/240.51 miSouth Canterbury2

Local Area Statistics

Population in ct1

29,688

Population in Canterbury

65,078

Town centre distance

1.25 miles away

Nearest school

0.10 miles away

Nearest train station

0.43 miles away

 

 

Rental demand

Tenant's market

Rental growth (12m)

+56%

Sales demand

Balanced market

Capital growth (5yrs)

+5%

Property History

Listed for £225,000

November 1, 2024

Floor Plans

Description

    • WATCH OUR VIDEO WALK THROUGH TOUR * +
  • Purpose-Built Ground Floor Flat +
  • Two Double Bedrooms +
  • 15ft Lounge & Separate Dining Area +
  • Family Bathroom & En-Suite to Principal Bedroom +
  • Allocated Off-Road Parking +
  • 125 Year Lease from 2005 +
  • No Forward Chain +

This well-presented purpose-built ground floor flat offers a blend of comfort and convenience just a short distance from Canterbury's vibrant City Centre. With a 125-year lease from 2005, this spacious property boasts two generously sized double bedrooms, including a principal bedroom with its own en-suite bathroom providing added privacy and comfort. The 15ft lounge is bright and inviting with plenty of space to relax or entertain and benefits from a separate dining area and kitchen. The property also features a modern family bathroom. Allocated off-road parking ensures easy access and convenience.

Situated just outside Canterbury City Centre with its culture, cafes, fine dining and a wide range of independent shops and high street chains, together with excellent leisure and educational facilities, quality private and state schools, two universities and further education colleges. Train services to London are available from Canterbury East Station 0.6 miles)

Non-Approved Draft Details

Entrance Hall
Wood front entrance door. Radiator. Storage cupboard. Airing cupboard housing lagged hot water cylinder and immersion heater.

Lounge - 15' 2 x 13' 5 (4.63m x 4.09m)
Windows to front. Radiator.

Dining Area - 12' 1 x 8' 5 (3.69m x 2.57m)
Radiator.

Kitchen - 8' 6 x 7' 10 (2.6m x 2.39m)
The Kitchen is planned with a matching range of wall and base units arranged on three walls. Inset stainless steel 1½ bowl sink unit. Inset gas hob with stainless steel extractor cooker hood above and built-in fan assisted electric oven below. Integrated dishwasher, fridge/freezer and washing machine. Wall mounted gas boiler supplying hot water and central heating. Window to rear. Lino flooring.

Bedroom 1 - 16' 2 max x 12' 1 (4.93m x 3.69m)
Bay window to front. Built-in wardrobe with shelves and hanging space. Radiator. Door to en-suite.

En-Suite - 8' 7 x 5' 1 (2.62m x 1.55m)
Suite in white comprising fully tiled shower cubicle, pedestal wash hand basin and close coupled WC. Radiator. Partially tiled walls. Lino flooring. Extractor fan.

Bedroom 2 - 9' 1 x 8' 7 (2.77m x 2.62m)
Window to rear. Built-in cupboards. Radiator.

Bathroom - 7' 9 x 6' 5 (2.37m x 1.96m)
Suite in white comprising panelled bath with mixer tap and shower attachment, pedestal wash hand basin and close coupled WC. Radiator. Partially tiled walls. Lino flooring. Extractor fan.

Main Services
The following mains services are connected to the property electricity, water, gas, drainage and a telephone line. All services will be subject to the appropriate companies transfer conditions.

Heating
Central heating is provided by a gas fired boiler situated in the Kitchen and hot water radiators as indicated in these particulars.

Windows
The windows are generally of UPVC double glazed sealed units.

Tenure
The property is to be sold Leasehold with vacant possession.
The Lease runs from 1st January 2005 for a term of 125 years.
Ground Rent: £300 p/a
Service Charge: £1525.62 p/a
There is also a charge for a reserve fund, covering the upkeep of common areas. The latest charge was £102.48 to Dec 2024.

Council Tax
We are advised by the Valuation Office that the property is currently within Council Tax Band D. The amount payable under tax band D for the year 2025/2026 is £2,303.25.

Viewing
Please ring us to make an appointment. We are open from 9am to 6pm Monday to Friday, 9am to 5pm Saturdays and by appointment only on Sundays.

Agent Notes
Kent Estate Agencies gives notice for themselves and for the sellers of the property, whose agents they are that any floor plans, plans or mapping and measurements are approximate quoted in metric with imperial equivalents. All are for general guidance only and whilst every attempt has been made to ensure accuracy, they must not be relied on. The measurements are provided in accordance with the R.I.C.S. Code of Measuring Practice 6th edition.
We have not carried out a structural survey and the services, appliances and specific fittings have not been tested and therefore no guarantee can be given that they are in working order. Photographs are reproduced for general information and it must not be inferred that any item shown is included with the property. Prospective purchasers or lessees should seek their own professional advice. Kent Estate Agencies retain the copyright in all advertising material used to market this property.
No person in the employment of Kent Estate Agencies has any authority to make any representation or warranty whatever in relation to this property. Purchase prices, rents or other prices quoted are correct at the date of publication and, unless otherwise stated, exclusive of VAT.
For a free valuation of your property contact the number on this brochure. Printed 3rd April 2025

Agent Details

Kent Estate Agencies, Tankerton

01227 204517

Next Steps?

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