5 Bed HMO, Canterbury, CT2 8DG, £500,000

51 Whitstable Road, Canterbury, Kent, CT2 8DG - 5 views - 5 months ago

Sold STC
HMO
174 m²
+14 photos

ValuationUndervalued

Sold Prices£235K - £1.3M
Sold Prices/m²£1.9K/m² - £6.7K/m²

 

 

Square Metres

174 m²
Price/m²£2.9K/m²

Value Estimate

£616,051
BMV23%

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£125,000

Stamp Duty & Legal Fees

£28,700

Total Cash In

£153,700

 

 

Cash Out

 

Room Rate

£508

Gross Rent

£2,540

Running Costs/mo

£2,723

Cashflow/mo

£-183

Cashflow/yr

£-2,191

Gross Yield

6%

Local Sold Prices

42 sold prices from £235K to £1.3M, average is £470K. £1.9K/m² to £6.7K/m², average is £3.5K/m².

PriceDateDistanceAddressBeds 
£336K06/210.2 mi10, Rushmead Close, Canterbury, Kent CT2 7RP5
£360K02/210.22 mi33, Bramshaw Road, Canterbury, Kent CT2 7HR5
£345K01/210.25 mi13, Queens Avenue, Canterbury, Kent CT2 8AY5
£975K08/220.3 mi34, Harkness Drive, Canterbury, Kent CT2 7RW5
£680K10/200.3 mi3, Harkness Drive, Canterbury, Kent CT2 7RW5
£770K12/220.48 mi6, Richmond Gardens, Canterbury, Kent CT2 8ES5
£635K12/220.52 mi39, St Stephens Road, Canterbury, Kent CT2 7JD5
£310K03/210.58 mi3, Glen Iris Avenue, Canterbury, Kent CT2 8HP5
£285K06/210.63 mi4, Harbledown Terrace, Harbledown, Canterbury, Kent CT2 9AB5
£950K11/220.71 mi15, Dane John, Canterbury, Kent CT1 2QU5
£621.5K06/210.73 mi10, Abbey Gardens, Canterbury, Kent CT2 7EU5
£297.5K10/210.82 mi32, Downs Road, Canterbury, Kent CT2 7AY5
£860K01/230.83 mi5, Westwood Drive, Canterbury, Kent CT2 7WY5
£966K02/230.84 mi9, Woodland Way, Canterbury, Kent CT2 7LS5
£655K03/210.84 mi14, Hever Place, Canterbury, Kent CT2 7QP5
£535K02/210.85 mi21, Monastery Street, Canterbury, Kent CT1 1NJ5
£260K11/210.93 mi87, Downs Road, Canterbury, Kent CT2 7TW5
£290K09/210.95 mi9, Montfort Close, Canterbury, Kent CT2 7DA5
£235K02/211 mi80, Tenterden Drive, Canterbury, Kent CT2 7BW5
£265K11/221.01 mi43, Tunstall Road, Canterbury, Kent CT2 7BX5
£245K12/201.05 mi14, St Martins Road, Canterbury, Kent CT1 1QW5
£300K06/211.09 mi26, Long Meadow Way, Canterbury, Kent CT2 7DF5
£242K05/211.14 mi52, Kemsing Gardens, Canterbury, Kent CT2 7RF5
£290K09/211.14 mi55, Kemsing Gardens, Canterbury, Kent CT2 7RF5
£322.5K12/201.14 mi9, Westerham Close, Canterbury, Kent CT2 7TZ5
£325K05/231.14 mi4, Westerham Close, Canterbury, Kent CT2 7TZ5
£322.5K12/201.14 mi9, Westerham Close, Canterbury, Kent CT2 7TZ5
£235K03/211.15 mi151, Sturry Road, Canterbury, Kent CT1 1DF5
£900K04/211.23 mi12, St Augustines Road, Canterbury, Kent CT1 1XP5
£480K10/221.24 mi76, Ashford Road, Canterbury, Kent CT1 3XZ5
£500K10/221.25 mi16, Grays Way, Canterbury, Kent CT1 3XY5
£1.3M11/201.26 mi15, Ethelbert Road, Canterbury, Kent CT1 3ND5
£635K05/211.42 mi166, Ashford Road, Canterbury, Kent CT1 3XT5
£670K05/211.49 mi26, Lichfield Avenue, Canterbury, Kent CT1 3YA5
£920K12/201.5 mi179, Old Dover Road, Canterbury, Kent CT1 3EP5
£295K03/211.52 mi105, Spring Lane, Canterbury, Kent CT1 1SW5
£262K01/211.63 mi3, Essex Road, Canterbury, Kent CT1 1RS5
£640K06/231.65 mi2, Ealham Close, Canterbury, Kent CT4 7BW5
£750K11/221.67 mi1, Underwood Close, Canterbury, Kent CT4 7BS5
£677K01/211.67 mi8, Underwood Close, Canterbury, Kent CT4 7BS5
£460K06/211.68 mi21, Barton Road, Canterbury, Kent CT1 1YQ5
£565K02/231.74 mi96, New Dover Road, Canterbury, Kent CT1 3EH5

Local Area Statistics

Population in ct2

31,022

Population in Canterbury

65,078

Town centre distance

0.77 miles away

Nearest school

0.50 miles away

Nearest train station

0.26 miles away

 

 

Rental demand

Tenant's market

Rental growth (12m)

+59%

Sales demand

Buyer's market

Capital growth (5yrs)

+12%

Property History

Listed for £500,000

November 25, 2024

Sold for £465,000

2015

Sold for £280,000

2013

Floor Plans

Description

  • Spacious & well maintained Victorian townhouse set over 4 floors, located just outside the city centre +
  • Extended kitchen/breakfast room with pitched roof & bi-fold doors out to the garden +
  • Large, bright living room with original fireplace & bay window, separate dining room & family room which could be used as a 5th bedroom if required +
  • 4/5 double bedrooms; main bedroom with en-suite bathroom +
  • Family shower room & lower ground floor bathroom/utility room +
  • No onward chain +
  • Low maintenance rear garden & permit parking available through Canterbury City Council +
  • 0.5 miles from Canterbury West train station & easy access onto the A2/M2 & Whitstable +
  • Catchment area for Blean Primary School, St Edmunds School & Kent College +
  • Can be sold with vacant possession or as an ongoing professional HMO +

Property Description: Guide Price £500,000 - £525,000. This spacious and well maintained Victorian townhouse is located just outside the city centre and spans four floors providing comfortable and flexible living accommodation.

The heart of this home is the extended kitchen/breakfast room with a vaulted ceiling and bi-fold doors leading out to the garden. With an abundance of natural light and space, this room extends into the dining room making it perfect for both everyday family living and entertaining guests. The kitchen is thoughtfully designed with a breakfast bar, ample storage space and an integrated oven and hob, fridge/freezer and dishwasher; there is also underfloor heating in the kitchen and dining room.

The ground floor also has a large and bright living room with high ceilings, an original fireplace and bay window.

On the lower ground floor there is bathroom/utility room, also with under floor heating, and a family room which could easily be utilised as a fifth bedroom if needed. The flexibility of the layout ensures that you have plenty of options to tailor the space to your needs.

Moving up to the first floor, you will find two generous double bedrooms and the family shower room. On the second floor, the main bedroom has an en-suite bathroom, providing privacy and convenience and there is a fourth double bedroom.

If you are looking for an investment opportunity, this property is currently let on a short term contract as a five bed with a rental income of £2,540pcm/£30,480pa. There is potential to let the property as a six bed and there is a current HMO (house of multiple occupancy) making it an attractive option for landlords.

Outside: The property has a low maintenance rear garden with a patio and small lawn area, ideal for enjoying your morning coffee or hosting summer barbecues with friends and family. Permit parking is available through Canterbury City Council.

Location: Whitstable Road is situated just outside of the city centre and within easy reach of both Canterbury East and Canterbury West train stations which have fast and frequent services with the high speed link from Canterbury West to London St Pancras (approximately 56 mins) as well as services to the coast. There are good road links with the A2 providing access to the channel port of Dover and the M2 towards London. The city centre itself is just over 0.4 miles away with a wealth of cultural and leisure amenities, excellent schools, a wide range of shops and bars and restaurants with fine dining serving dishes from across the globe. There are some fantastic independent shops as well as major brands you would expect to see on the high street. These include The King's Mile, Whitefriars Shopping Centre, University of Kent, Canterbury Christ Church University and The Marlowe Theatre. 'The Riverside' which is situated on the other side of the Great Stour River boasts Curzon's 5 screen cinema as well as restaurants and bars that wrap around the new public square that overlook the river.

Directions: SatNav = CT2 8DG / What3Words = rips.churn.enable

Council Tax: Band D (correct at time of marketing). To check council tax for this property, please refer to the local authority website.

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 an online checker.

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

Additional Property Notes: The property is of traditional construction. There are steps up to the front door and an internal staircase up to the bedrooms. Permit parking is available a short walk from the property, please contact Canterbury City Council for information on availability and price of permits. Register for new listings before the portal launch: sandersonsuk.com/register

Agent Details

Sandersons, Canterbury

01227 532457

Next Steps?

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