2 Bed Flat, Single Let, Canterbury, CT2 8AN, £170,000

28 Station Road West, Canterbury, Kent, CT2, CT2 8AN - 6 months ago

Sold STC
Leasehold
BTL
ROI: 6%
43 m²
+1 photos

ValuationOvervalued

Sold Prices£160K - £325K
Sold Prices/m²£2.1K/m² - £5.2K/m²

 

 

Square Metres

43 m²
Price/m²£4K/m²

Value Estimate

£155,802

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£42,500

Stamp Duty & Legal Fees

£6,300

Total Cash In

£48,800

 

 

Cash Out

 

Rent Range

£650 - £3,250

Rent Estimate

£998

Running Costs/mo

£751

Cashflow/mo

£247

Cashflow/yr

£2,966

ROI

6%

Gross Yield

7%

Local Sold Prices

50 sold prices from £160K to £325K, average is £230K. £2.1K/m² to £5.2K/m², average is £3.6K/m².

PriceDateDistanceAddressBeds 
£250K10/200.03 miFlat 6, Kirbys Heights, Station Road West, Canterbury, Kent CT2 8FB2
£200K02/210.03 miFlat 1, Kirbys Heights, Station Road West, Canterbury, Kent CT2 8FB2
£217K01/210.03 miFlat 3, Westside Apartments, Station Road West, Canterbury, Kent CT2 8WA2
£266K06/230.03 miFlat 3, Westside Apartments, Station Road West, Canterbury, Kent CT2 8WA2
£325K05/230.04 miFlat 2, The Merchant Store, Station Road West, Canterbury, Kent CT2 8AN2
£270K11/200.04 miFlat 8, The Merchant Store, Station Road West, Canterbury, Kent CT2 8AN2
£227.5K05/230.06 mi14, Carriage Mews, Canterbury, Kent CT2 8AL2
£170K07/210.1 miFlat 2, Sterling Court, Pound Lane, Canterbury, Kent CT1 2HY2
£198K06/230.1 miFlat 10, Sterling Court, Pound Lane, Canterbury, Kent CT1 2HY2
£245K02/210.11 mi20, Orient Place, Canterbury, Kent CT2 8AW2
£287.5K11/220.11 mi42, Orient Place, Canterbury, Kent CT2 8AW2
£170K01/230.15 miFlat 43, Deans Mill Court, The Causeway, Canterbury, Kent CT1 2BF2
£200K11/200.17 miFlat 20, Deans Mill Court, The Causeway, Canterbury, Kent CT1 2BF2
£200K08/210.17 miFlat 6, Deans Mill Court, The Causeway, Canterbury, Kent CT1 2BF2
£230K05/210.18 mi129, Station Road West, Canterbury, Kent CT2 8DE2
£233K08/210.18 mi163, Station Road West, Canterbury, Kent CT2 8DE2
£160K10/220.19 miFlat 14, Barton Mill Court, Station Road West, Canterbury, Kent CT2 7JZ2
£220K10/220.19 mi91, Station Road West, Canterbury, Kent CT2 8SE2
£245K12/210.27 mi3, Holters Mill, Canterbury, Kent CT2 8SP2
£235K09/210.28 mi7, Westerly Mews, Canterbury, Kent CT2 8AQ2
£215K11/200.32 mi15, Old Watling Street, Canterbury, Kent CT1 2DX2
£230K06/210.32 mi17, Old Watling Street, Canterbury, Kent CT1 2DX2
£320K09/210.32 mi60, Old Watling Street, Canterbury, Kent CT1 2DX2
£295K12/200.32 mi62, Old Watling Street, Canterbury, Kent CT1 2DX2
£255K04/230.32 mi48, Old Watling Street, Canterbury, Kent CT1 2DX2
£290K08/230.34 miFlat 16, Stour Court, Stour Street, Canterbury, Kent CT1 2PG2
£310K12/210.42 mi44, The Rope Walk, Canterbury, Kent CT1 2FY2
£229.9K11/210.42 mi14, The Rope Walk, Canterbury, Kent CT1 2FY2
£220K11/220.45 mi19, Dextor Close, Canterbury, Kent CT2 7JB2
£181K01/210.45 mi15, Dextor Close, Canterbury, Kent CT2 7JB2
£227K06/230.45 mi21, Dextor Close, Canterbury, Kent CT2 7JB2
£230K02/230.46 mi20, Dextor Close, Canterbury, Kent CT2 7JB2
£187K02/230.47 mi41, Artillery Gardens, Canterbury, Kent CT1 1LG2
£170K05/210.48 mi14, Shaftesbury Road, Canterbury, Kent CT2 7LF2
£200K06/230.48 mi36, Shaftesbury Road, Canterbury, Kent CT2 7LF2
£235K10/220.5 mi22, Castle Row, Canterbury, Kent CT1 2QY2
£288K12/220.52 mi16, Ambleside Place, Canterbury, Kent CT2 7UJ2
£220K05/210.52 mi78, Bingley Court, Canterbury, Kent CT1 2SW2
£230K05/210.52 mi66, Bingley Court, Canterbury, Kent CT1 2SW2
£230K03/210.52 mi70, Bingley Court, Canterbury, Kent CT1 2SW2
£230K07/230.52 mi73, Bingley Court, Canterbury, Kent CT1 2SW2
£227.5K06/230.52 mi1, Rheims Court, Canterbury, Kent CT2 8LB2
£235K01/230.53 mi65, Bingley Court, Canterbury, Kent CT1 2SW2
£230K01/230.55 mi47, St Andrews Close, Canterbury, Kent CT1 2RT2
£190K06/210.56 mi54, St Andrews Close, Canterbury, Kent CT1 2RT2
£217.5K11/200.56 mi62, St Andrews Close, Canterbury, Kent CT1 2RT2
£220K04/210.56 mi49, St Andrews Close, Canterbury, Kent CT1 2RT2
£170K05/230.59 mi2, Stonebridge Road, Canterbury, Kent CT2 7LN2
£275K09/210.65 mi22, Westwood Drive, Canterbury, Kent CT2 7US2
£205K02/230.65 mi35, Mill Lane, Harbledown, Canterbury, Kent CT2 8NE2

Local Rents

50 rents from £650/mo to £3.3K/mo, average is £1.3K/mo.

RentDateDistanceAddressBeds 
£1,40003/240.02 miStation Road West, Canterbury2
£1,00005/240.02 mi-2
£1,40003/240.02 miWestside Apartments Ref - 27652
£1,27505/240.04 miKirbys Lane, Canterbury2
£1,40003/240.04 miStation Road West, Canterbury2
£1,32503/240.05 miKirbys Lane, Canterbury2
£1,10004/250.05 mi-2
£1,10005/240.06 mi-2
£65004/250.07 mi-2
£1,30003/240.1 mi2 Bedroom Apartment - City Centre2
£65003/240.1 mi2 Bedroom Student Home - Stirling Court, City Centre2
£2,50003/240.1 miNorth Lane, Canterbury2
£1,60003/240.12 mi-2
£1,60002/240.12 mi-2
£1,60003/240.12 mi-2
£1,60005/240.12 mi-2
£1,60003/240.12 miPound Lane, Canterbury, CT12
£1,65003/240.13 miWestgate Grove, Canterbury2
£1,65012/240.13 miWestgate Grove, Canterbury2
£3,25003/240.13 miPound Lane, Canterbury2
£1,15003/240.14 miGreat Stour Place, Canterbury2
£1,20001/250.14 mi-2
£1,05003/240.14 miOrient Place, Canterbury, CT22
£2,80003/250.14 mi-2
£1,35003/240.14 miSt Dunstans Road, Canterbury, CT22
£1,35004/240.14 mi-2
£1,07503/240.16 miRoseacre Close, Canterbury2
£1,17504/240.17 mi159 Station Road West, Canterbury, Kent2
£1,05003/240.17 miStation Road West, Canterbury, CT22
£99503/240.17 miStation Road West, Canterbury2
£1,40003/240.17 miChurch Street, Canterbury CT2 8AS2
£1,30004/240.17 mi-2
£1,30001/250.17 mi-2
£1,20003/240.17 miStation Road West, Canterbury, CT22
£1,30003/240.18 miRoseacre Close, CANTERBURY2
£1,15003/240.19 miStation Road West, Canterbury2
£1,15004/240.19 miStation Road West, Canterbury2
£2,50002/240.19 mi-2
£94003/240.19 miStation Road West, Canterbury - Ref 28282
£1,05003/240.2 miNew Street, Canterbury2
£1,36003/240.2 miCross Street, St. Dunstans, Canterbury Ref 20112
£1,35003/240.2 miCross Street, Canterbury2
£1,35004/250.21 mi-2
£1,20004/240.22 miBeverley Road, Canterbury2
£1,25004/240.22 miChurch Street, St. Dunstans, Canterbury2
£1,29503/240.22 miBlack Griffin Lane, Canterbury2
£1,20005/240.22 miCanterbury West2
£1,10003/240.23 miThe Spires - Ref 9542
£1,15004/240.23 miHolters Mill, Canterbury - Ref 5572
£1,20003/240.23 miThe Spires, Canterbury2

Local Area Statistics

Population in ct2

31,022

Population in Canterbury

65,078

Town centre distance

0.56 miles away

Nearest school

0.20 miles away

Nearest train station

0.06 miles away

 

 

Rental demand

Tenant's market

Rental growth (12m)

+59%

Sales demand

Buyer's market

Capital growth (5yrs)

+12%

Property History

Listed for £170,000

November 4, 2024

Floor Plans

Description

  • Two bedroom top floor apartment close to the city walls in St Dunstan’s +
  • Excellent first time purchase or investment with potential 7% gross yield +
  • Walking distance of Canterbury West station +
  • Two double bedrooms +
  • Available with no chain above +

Introducing an amazing opportunity to own a beautiful two-bedroom apartment located at 28 Station Road West in St Dunstan’s. Situated close to the ancient city walls of Canterbury, this top floor abode offers a perfect blend of comfort, convenience, and potential investment returns.

As you step into the apartment, there is a long hallway off which there is a nice size lounge with space for a small dining table and chairs. A kitchen with fitted cooker, bathroom, and two double bedrooms both of which have fitted wardrobes. One of the bedrooms is located to the rear of the property so lovely and quiet.

One of the standout features of this property is its fantastic location. Canterbury West station is just a short stroll away, perfect for those who commute or frequently travel. Additionally, the city walls are within walking distance, allowing you to explore the historical wonders of Canterbury in no time. Immerse yourself in the vibrant city atmosphere, indulge in exceptional dining experiences, or simply wander down quaint streets with charming independent shops.

This apartment is not only an excellent choice for first-time buyers but also a great investment opportunity. With a potential 7% gross rental yield, it offers a compelling return on investment for savvy investors searching for their next venture.

Don't miss your chance to secure this wonderful apartment with no chain above, providing a hassle-free purchase process. Whether you are a first-time buyer looking for a comfortable haven to call your own or an investor seeking attractive returns, this property ticks all the boxes.

Contact us today to arrange a viewing and experience the charm and convenience this stunning top floor apartment in Kent has to offer. Your dream home or smart investment could be just a viewing away!

Lease- 113 years Ground Rent- £350 per annum Service Charge in the year to March 24- £1,863.34 Insurance in the year to Dec 24- £444.52

Agent Details

Regal Estates, Canterbury

01227 763888

Next Steps?

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