3 Bed Terraced House, Refurb/BRRR, Canterbury, CT4 8DS, £270,000

13 Felborough Close, Canterbury, Kent, CT4 8DS - 2 views - 6 months ago

Sold STC
Refurb/BRRR
ROI: 2%
60 m²
+7 photos

ValuationOvervalued

Sold Prices£287.5K - £755K
Sold Prices/m²£2.8K/m² - £7.2K/m²

 

 

Square Metres

60 m²
Price/m²£4.5K/m²

Value Estimate

£210,000

 

 

End Value (After Refurb)

£278,500

Uplift in Value

+-1%

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£67,500

Stamp Duty & Legal Fees

£11,100

Refurb Costs

£28,652

Bridging Loan Interest

£7,088

Total Cash In

£116,089

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£278,500

Mortgage (After Refinance)

£208,875

Mortgage LTV

75%

Cash Released

£6,375

Cash Left In

£109,714

Equity

£69,625

Rent Range

£775 - £2,369

Rent Estimate

£1,416

Running Costs/mo

£1,174

Cashflow/mo

£242

Cashflow/yr

£2,910

ROI

3%

Gross Yield

6%

Local Sold Prices

20 sold prices from £287.5K to £755K, average is £362.5K. £2.8K/m² to £7.2K/m², average is £3.8K/m².

PriceDateDistanceAddressBeds 
£440K01/210.12 miBeech Cottage, Branch Road, Chilham, Canterbury, Kent CT4 8DR3
£610K09/220.14 mi1, Church Hill, Chilham, Canterbury, Kent CT4 8DA3
£328K02/210.38 mi19, Bagham Place, Chilham, Canterbury, Kent CT4 8DF3
£480K05/210.62 miJayser, Cobbs Hill, Old Wives Lees, Canterbury, Kent CT4 8AL3
£755K06/210.62 miVine Cottage, Cobbs Hill, Old Wives Lees, Canterbury, Kent CT4 8AL3
£340K10/210.66 mi1, Cherry Orchard, Old Wives Lees, Canterbury, Kent CT4 8BQ3
£365K08/210.67 miMsida, Long Hill, Old Wives Lees, Canterbury, Kent CT4 8BN3
£380K09/220.76 mi6, Cobbs Hill, Old Wives Lees, Canterbury, Kent CT4 8AR3
£317K04/210.78 mi7, Northdowns Close, Old Wives Lees, Canterbury, Kent CT4 8BP3
£360K03/210.78 mi8, Northdowns Close, Old Wives Lees, Canterbury, Kent CT4 8BP3
£315K05/221 mi4, Lees Terrace, Old Wives Lees, Canterbury, Kent CT4 8AN3
£580K04/231.19 miHylbodor, Shalmsford Road, Chilham, Canterbury, Kent CT4 8AD3
£365K11/211.69 mi93, Shalmsford Street, Chartham, Canterbury, Kent CT4 7RN3
£300K03/211.72 mi60, Shalmsford Street, Chartham, Canterbury, Kent CT4 7RH3
£287.5K06/211.77 mi97, Shalmsford Street, Chartham, Canterbury, Kent CT4 7RQ3
£305K02/211.81 mi74, Shalmsford Street, Chartham, Canterbury, Kent CT4 7RD3
£495K04/211.87 mi2, Coes Cottages, Shottenden, Canterbury, Kent CT4 8JA3
£304K12/221.92 mi118, Shalmsford Street, Chartham, Canterbury, Kent CT4 7QW3
£315K04/211.96 mi157, Shalmsford Street, Chartham, Canterbury, Kent CT4 7QU3
£550K12/201.99 miMillers House, Ashford Road, Chartham, Canterbury, Kent CT4 7NY3

Local Rents

12 rents from £775/mo to £2.4K/mo, average is £1.6K/mo.

RentDateDistanceAddressBeds 
£1,15012/240.34 mi3 Dovecote Court, Chilham Castle Estate, Chilham, Canterbury, CT42
£2,20012/241.31 miShalmsford Bridge, Chilham, Canterbury3
£1,50012/241.54 miKingfisher Place, Chartham2
£1,65012/241.72 mi-4
£1,65012/241.72 mi-4
£1,20012/241.77 miBrevin Bungalow in Chartham 3
£2,36911/241.8 mi-3
£1,90004/251.8 mi-3
£1,10003/241.89 mi-1
£1,30004/251.92 mi-2
£77512/242.32 miWoodside Avenue, Chartham1
£1,75005/242.42 miHop Pickers Close, Selling, Nr Faversham4

Local Area Statistics

Population in ct4

16,587

Population in Canterbury

65,078

Town centre distance

6.02 miles away

Nearest school

0.10 miles away

Nearest train station

0.47 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+49%

Sales demand

Buyer's market

Capital growth (5yrs)

+25%

Property History

Price changed to £270,000

November 15, 2024

Listed for £280,000

November 4, 2024

Sold for £197,000

2007

Sold for £117,500

2002

Floor Plans

Description

  • Spacious family home in a quiet cul-de-sac location in the sought after village of Chilham +
  • No onward chain +
  • Large, bright living room, separate dining room & conservatory +
  • 3 bedrooms; 2 doubles & 1 single. Main bedroom with plenty of fitted storage +
  • Front & rear garden with patio & decked area. Plenty of free on street parking +
  • New central heating system & Worcester boiler recently installed +
  • In need of some modernisation, ideal as a first time purchase, investment or project +
  • Close to amenities including a village farm shop, post office, 2 pubs, sports hall & tennis club +
  • 0.4 miles from St Marys C of E Primary school with 'good' ofsted rating & 0.6 miles from Chilham train station with links to Canterbury West & Ashford Int +
  • Beautiful countryside walks & cycle paths on your doorstep. Easy access to Canterbury, Ashford & Faversham. +

Property Description: Guide Price £280,000 - £290,000. This spacious family home is well situated in a quiet cul-de-sac location in the sought after village of Chilham. Although in need of some modernisation, this property presents an excellent opportunity for those looking to make their mark on their new home. Whether you are a first time buyer, an investor, or seeking a renovation project, this house has endless potential.  

As you enter the property there is a large, bright living room. Separate from the living room is a dining room opening onto the kitchen providing an ideal space for enjoying meals with family and friends. There is also a conservatory adding extra living space which can be used as a versatile room according to your needs. 

Upstairs there are three bedrooms, two doubles and one single. The main bedroom has plenty of fitted storage while the remaining bedrooms provide flexibility for a growing family, a home office, or a guest room. Completing this floor is the family bathroom.

Outside: The front and rear gardens provide plenty of outdoor space for children to play or for you to enjoy gardening and outdoor activities. There is ample free resident bay parking available, ensuring convenience for you and your visitors. Surrounded by beautiful countryside, you'll also have access to picturesque walks and cycle paths right on your doorstep.

Location: The picturesque village of Chilham is centred around a medieval market square and castle that date back to the 12th century and is located in the Kent Downs, which is classed as an area of outstanding natural beauty. Historic Chilham Square has a wealth of medieval and Jacobean architecture and has been a filming location for numerous period dramas. The village provides local amenities including a post office, tea room, playing fields, children's play area, sports hall, village hall and two public houses - both of which sell food. There is also St Marys C of E primary school which has been rated as 'good' in its latest Ofsted report. Chilham has a regular bus service into Canterbury and Ashford and excellent road connections for the M2 and M20. Chilham train station has services that run into Canterbury West and Ashford International, where you can catch high speed services to London St Pancras. The Cathedral City of Canterbury is just 5 miles away and has an array of shops, boutiques and restaurants. To complete Canterbury’s unique experience, there are pubs, wine bars, the Marlowe Theatre and the stunning Cathedral which dominates the skyline. Schooling is well catered for in Canterbury in both the state and private sectors.

Directions: = CT4 8DS / What3Words = sage.leopard.landscape

Council Tax: Band C (correct at time of marketing). To check council tax for this property, please refer to

Local Authority: Canterbury City Council - . Kent County Council -

Services: Gas central heating, mains water, drainage and electricity. For broadband and mobile coverage, we advise you check your providers website or refer to

Tenure: This property is freehold and is sold with vacant possession upon completion.

Additional Property Notes: The property is of traditional construction. There is a step up into the property and into the garden and an internal staircase up to the bedrooms. There is free on bay parking opposite the property. Register for new listings before the portal launch: sandersonsuk.com/register

Agent Details

Sandersons, Canterbury

01227 532457

Next Steps?

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