5 Bed HMO, Canterbury, CT2 7BS, £325,000

Crossways, Canterbury, CT2 7BS - 5 views - 5 months ago

HMO
ROI: 4%
~178 m²
+12 photos

ValuationUndervalued

Sold Prices£235K - £975K
Sold Prices/m²£1.9K/m² - £6.1K/m²

 

 

Square Metres

~178.28 m²
Price/m²£1.8K/m²

Value Estimate

£438,000
BMV20%

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£81,250

Stamp Duty & Legal Fees

£17,900

Total Cash In

£99,150

 

 

Cash Out

 

Room Rate

£537

Gross Rent

£2,685

Running Costs/mo

£2,153

Cashflow/mo

£532

Cashflow/yr

£6,385

ROI

6%

Gross Yield

10%

Local Sold Prices

21 sold prices from £235K to £975K, average is £322.5K. £1.9K/m² to £6.1K/m², average is £3.2K/m².

PriceDateDistanceAddressBeds 
£235K02/210.05 mi80, Tenterden Drive, Canterbury, Kent CT2 7BW5
£260K11/210.07 mi87, Downs Road, Canterbury, Kent CT2 7TW5
£300K06/210.17 mi26, Long Meadow Way, Canterbury, Kent CT2 7DF5
£265K11/220.17 mi43, Tunstall Road, Canterbury, Kent CT2 7BX5
£290K09/210.17 mi9, Montfort Close, Canterbury, Kent CT2 7DA5
£297.5K10/210.21 mi32, Downs Road, Canterbury, Kent CT2 7AY5
£655K03/210.28 mi14, Hever Place, Canterbury, Kent CT2 7QP5
£322.5K12/200.33 mi9, Westerham Close, Canterbury, Kent CT2 7TZ5
£325K05/230.33 mi4, Westerham Close, Canterbury, Kent CT2 7TZ5
£322.5K12/200.35 mi9, Westerham Close, Canterbury, Kent CT2 7TZ5
£242K05/210.44 mi52, Kemsing Gardens, Canterbury, Kent CT2 7RF5
£290K09/210.44 mi55, Kemsing Gardens, Canterbury, Kent CT2 7RF5
£621.5K06/210.5 mi10, Abbey Gardens, Canterbury, Kent CT2 7EU5
£635K12/220.68 mi39, St Stephens Road, Canterbury, Kent CT2 7JD5
£860K01/230.69 mi5, Westwood Drive, Canterbury, Kent CT2 7WY5
£360K02/210.77 mi33, Bramshaw Road, Canterbury, Kent CT2 7HR5
£966K02/230.78 mi9, Woodland Way, Canterbury, Kent CT2 7LS5
£975K08/220.81 mi34, Harkness Drive, Canterbury, Kent CT2 7RW5
£680K10/200.81 mi3, Harkness Drive, Canterbury, Kent CT2 7RW5
£235K03/210.82 mi151, Sturry Road, Canterbury, Kent CT1 1DF5
£336K06/210.86 mi10, Rushmead Close, Canterbury, Kent CT2 7RP5

Local Area Statistics

Population in ct2

31,022

Population in Canterbury

65,078

Town centre distance

0.72 miles away

Nearest school

0.30 miles away

Nearest train station

0.89 miles away

 

 

Rental demand

Tenant's market

Rental growth (12m)

+59%

Sales demand

Buyer's market

Capital growth (5yrs)

+12%

Property History

Price changed to £325,000

January 23, 2025

Listed for £365,000

November 6, 2024

Floor Plans

Description

  • 4 to 5 Bedrooms. +
  • Large Kitchen Diner. +
  • Large Sliding doors to Garden. +
  • Nice size Garden. +
  • Large Bedroom on Second Floor. +
  • Recently Redecorated and New Carpet to ground floor and stairs. +
  • HMO expired. +
  • Garage en bloc. +

SUMMARY
Connells are delighted to bring to the sales market this 4 to 5 bedroom house, situated in the popular Hales Place area in Canterbury.

DESCRIPTION
Connells are delighted to bring to the sales market this 4 to 5 bedroom house, situated in the popular Hales Place area in Canterbury. This property has been recently redecorated, new carpet to ground floor and stairs. This spacious property is set over three floors; the Ground Floor comprises a spacious living room, modern kitchen, a 2nd reception room/bedroom and shower room. The first floor has 3 bedrooms and a large family bathroom, and the top floor has one bedroom. There is also a good sized rear garden, parking available on road and garage en bloc.

Lounge 15' 7" x 9' 5" ( 4.75m x 2.87m )

Dining Area 8' 5" x 6' 9" ( 2.57m x 2.06m )

Reception Room/Bedroom 5  12' 1" x 7' 8" ( 3.68m x 2.34m )

Kitchen 7' 1" x 8' 8" ( 2.16m x 2.64m )

Bedroom One (Second Floor) 11' 4" x 11' 1" ( 3.45m x 3.38m )

First Floor: 

Bedroom Two 11' 1" x 9' 9" ( 3.38m x 2.97m )

Bedroom Three 7' 11" x 8' 8" ( 2.41m x 2.64m )

Bedroom Four 8' 8" x 8' ( 2.64m x 2.44m )

Bathroom 7' 3" x 7' 7" ( 2.21m x 2.31m )

1. MONEY LAUNDERING REGULATIONS - Intending purchasers will be asked to produce identification documentation at a later stage and we would ask for your co-operation in order that there will be no delay in agreeing the sale.
2: These particulars do not constitute part or all of an offer or contract.
3: The measurements indicated are supplied for guidance only and as such must be considered incorrect.
4: Potential buyers are advised to recheck the measurements before committing to any expense.
5: Connells has not tested any apparatus, equipment, fixtures, fittings or services and it is the buyers interests to check the working condition of any appliances.
6: Connells has not sought to verify the legal title of the property and the buyers must obtain verification from their solicitor.

Agent Details

Connells, Canterbury

01227 202614

Next Steps?

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