4 Bed HMO, Canterbury, CT1 1QP, £350,000

48 St Martins Road, Canterbury, Kent, CT1 1QP - 3 views - 5 months ago

Sold STC
HMO
119 m²
+11 photos

ValuationUndervalued

Sold Prices£195K - £1.8M
Sold Prices/m²£1.9K/m² - £6.2K/m²

 

 

Square Metres

119 m²
Price/m²£2.9K/m²

Value Estimate

£379,159
BMV8%

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£87,500

Stamp Duty & Legal Fees

£16,700

Total Cash In

£104,200

 

 

Cash Out

 

Room Rate

£424

Gross Rent

£1,696

Running Costs/mo

£1,936

Cashflow/mo

£-240

Cashflow/yr

£-2,883

Gross Yield

6%

Local Sold Prices

50 sold prices from £195K to £1.8M, average is £402.5K. £1.9K/m² to £6.2K/m², average is £3.2K/m².

PriceDateDistanceAddressBeds 
£280K11/210.04 mi48, College Road, Canterbury, Kent CT1 1QX4
£268K07/210.04 mi38, College Road, Canterbury, Kent CT1 1QX4
£353K01/230.09 mi19, North Holmes Road, Canterbury, Kent CT1 1QR4
£350K03/210.1 mi14, St Martins Close, Canterbury, Kent CT1 1QG4
£605K03/210.14 mi8, Kings Park, Canterbury, Kent CT1 1QH4
£230K12/200.28 mi20, New Ruttington Lane, Canterbury, Kent CT1 1LS4
£272K07/210.34 mi27, Albert Road, Canterbury, Kent CT1 1UJ4
£230K02/210.37 mi2, Honeywood Close, Canterbury, Kent CT1 1XF4
£288K03/230.4 mi2, Gore Mews, Canterbury, Kent CT1 1JB4
£285K10/220.41 mi8, New Town Street, Canterbury, Kent CT1 1BX4
£275K10/220.42 mi26, Brymore Road, Canterbury, Kent CT1 1JE4
£790K10/220.43 mi30, St Augustines Road, Canterbury, Kent CT1 1XR4
£216K03/210.48 mi18, Glenside Avenue, Canterbury, Kent CT1 1DB4
£695K04/210.5 mi18, New Dover Road, Canterbury, Kent CT1 3AP4
£600K01/230.51 mi4, Abbots Place, Canterbury, Kent CT1 2AH4
£640K12/200.53 mi10, Stanmore Court, Canterbury, Kent CT1 3DS4
£295K10/220.54 mi45, Old Park Avenue, Canterbury, Kent CT1 1DN4
£850K05/210.54 mi20, Ersham Road, Canterbury, Kent CT1 3AR4
£260K06/210.55 mi10, Forrester Close, Canterbury, Kent CT1 1DY4
£210K02/210.55 mi11, Forrester Close, Canterbury, Kent CT1 1DY4
£195K12/200.55 mi10, Forrester Close, Canterbury, Kent CT1 1DY4
£560K08/210.57 mi8, Blackfriars Street, Canterbury, Kent CT1 2AP4
£562K11/220.58 mi46, Rochester Avenue, Canterbury, Kent CT1 3YE4
£670K03/230.59 mi20, Best Lane, Canterbury, Kent CT1 2JB4
£460K02/210.59 mi2, Lincoln Avenue, Canterbury, Kent CT1 3YD4
£200K04/230.63 mi14, South Street, Canterbury, Kent CT1 1EA4
£970K06/210.64 miBlackman House, 6a, St Peters Lane, Canterbury, Kent CT1 2BP4
£580K10/220.64 mi25, Wells Avenue, Canterbury, Kent CT1 3YB4
£430K12/200.64 mi27, St Stephens Road, Canterbury, Kent CT2 7JD4
£635K06/210.65 mi19, Pilgrims Way, Canterbury, Kent CT1 1XU4
£620K01/210.65 mi24, Pilgrims Way, Canterbury, Kent CT1 1XU4
£445K04/210.66 miMalverns, Market Way, Canterbury, Kent CT2 7JG4
£600K01/230.7 mi5, Monks Close, Canterbury, Kent CT2 7ET4
£485K02/210.7 mi8, Abbey Gardens, Canterbury, Kent CT2 7EU4
£375K03/210.7 mi17, Chaucer Close, Canterbury, Kent CT1 1XZ4
£231K09/210.72 mi5, Rutland Close, Canterbury, Kent CT1 1SD4
£379K04/210.72 mi27, Orient Place, Canterbury, Kent CT2 8AW4
£535K06/210.72 mi94, Old Dover Road, Canterbury, Kent CT1 3PF4
£355K09/210.73 mi1, The Spires, Canterbury, Kent CT2 8SD4
£250K03/210.73 mi59, Sussex Avenue, Canterbury, Kent CT1 1SE4
£290K06/230.73 mi26, Cowdrey Place, Canterbury, Kent CT1 3PD4
£540K11/200.73 mi7b, North Lane, Canterbury, Kent CT2 7EB4
£465K01/210.75 mi45, Kirbys Lane, Canterbury, Kent CT2 8AG4
£460K06/210.76 mi71, Pilgrims Way, Canterbury, Kent CT1 1YA4
£260K02/210.77 mi42, St Peters Grove, Canterbury, Kent CT1 2DJ4
£425K12/220.77 mi43a, Station Road West, Canterbury, Kent CT2 8AN4
£380K05/210.77 mi64, Station Road West, Canterbury, Kent CT2 8AN4
£360K11/200.77 mi66, Station Road West, Canterbury, Kent CT2 8AN4
£1.8M06/210.79 mi14, Westgate Grove, Canterbury, Kent CT2 8AA4
£721.1K06/210.82 mi78a, New Dover Road, Canterbury, Kent CT1 3EQ4

Local Area Statistics

Population in ct1

29,688

Population in Canterbury

65,078

Town centre distance

0.49 miles away

Nearest school

0.30 miles away

Nearest train station

0.80 miles away

 

 

Rental demand

Tenant's market

Rental growth (12m)

+56%

Sales demand

Balanced market

Capital growth (5yrs)

+5%

Property History

Listed for £350,000

November 18, 2024

Sold for £145,000

2001

Floor Plans

Description

  • 4/5 BED +
  • END OF TERRACE +
  • LARGE GARDEN +
  • 2 BATHROOMS +
  • OPEN LIVING SPACE +
  • INVESTMENT OPPORTUNITY +
  • NO ONWARD CHAIN +

SUMMARY
Connells are delighted to bring to market this 4/5 bedroom end of terrace property in the popular area of St Martins Road, Canterbury.

DESCRIPTION
Connells are delighted to bring to market this 4/5 bedroom end of terrace property in the popular area of St Martins Road, Canterbury.

This property is currently being sold as no onward chain and has the opportunity to be a spacious family home, or an ideal investment property for landlords. The house is spread over 3 floors, downstairs offers a large living room/bedroom and a open plan kitchen/diner. On the first floor you will find 3 good sized bedrooms and a large bathroom. On the top floor is a large master bedroom with another bathroom.

This property also offers patio at the rear and a generously sized garden. At the front of the property there is on street parking.

This property currently holds a HMO license until October 2027 and pulls in £1695.00 per month in rent with a yield of 5.8%.

Location wise, the property is a short walk from the City centre, 20 minutes walk from Canterbury West and within close proximity to Canterbury Christchurch University.

Calls Connells now to arrange your viewing.

Kitchen Open Into Dining Area 10' 10" x 12' 2" ( 3.30m x 3.71m )

Lounge/Bedroom Five 12' 2" x 12' 4" ( 3.71m x 3.76m )

Bedroom One 12' 7" x 19' 1" ( 3.84m x 5.82m )

Bedroom Two 11' 3" x 12' 2" ( 3.43m x 3.71m )

Bedroom Three 11' 3" x 12' 4" ( 3.43m x 3.76m )

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

Bathroom One 

Bathroom Two 

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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