6 Bed HMO, Canterbury, CT2 7BT, £300,000

9 Long Meadow Way, Canterbury, Kent, CT2 7BT - 5 views - 5 months ago

Sold STC
HMO
ROI: 13%
120 m²
+9 photos

ValuationUndervalued

Sold Prices£265K - £1.8M
Sold Prices/m²£2.3K/m² - £4.3K/m²

 

 

Square Metres

120 m²
Price/m²£2.5K/m²

Value Estimate

£343,269
BMV14%

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£75,000

Stamp Duty & Legal Fees

£12,700

Total Cash In

£87,700

 

 

Cash Out

 

Room Rate

£537

Gross Rent

£3,222

Running Costs/mo

£2,270

Cashflow/mo

£952

Cashflow/yr

£11,423

ROI

13%

Gross Yield

13%

Local Sold Prices

17 sold prices from £265K to £1.8M, average is £455K. £2.3K/m² to £4.3K/m², average is £2.9K/m².

PriceDateDistanceAddressBeds 
£265K11/220.15 mi72, Downs Road, Canterbury, Kent CT2 7TN6
£297.5K10/210.24 mi32, Downs Road, Canterbury, Kent CT2 7AY6
£455K08/220.26 mi92, Headcorn Drive, Canterbury, Kent CT2 7TX6
£412K09/210.73 mi68, Salisbury Road, Canterbury, Kent CT2 7HH6
£555K07/230.76 mi37, St Stephens Road, Canterbury, Kent CT2 7JD6
£642K03/210.78 mi88, St Stephens Road, Canterbury, Kent CT2 7JF6
£610K01/231.02 mi49, Whitstable Road, Canterbury, Kent CT2 8DG6
£408K12/211.02 mi49, Whitstable Road, Canterbury, Kent CT2 8DG6
£339.9K12/201.06 mi23, Artillery Street, Canterbury, Kent CT1 1LJ6
£810K12/221.41 mi24, Lovell Road, Rough Common, Canterbury, Kent CT2 9DG6
£1.0M09/211.52 miOld Park Farm, Old Park, Canterbury, Kent CT1 1TH6
£375K06/211.54 mi2, Ross Gardens, Rough Common, Canterbury, Kent CT2 9BY6
£1.8M04/231.79 mi24, Fordwich Road, Sturry, Canterbury, Kent CT2 0BN6
£1.1M06/211.9 miChequers Barn, High Street, Fordwich, Canterbury, Kent CT2 0DX6
£315K05/211.93 mi25, Cowdrey Place, Canterbury, Kent CT1 3PD6
£420K11/201.97 mi69, Mount Road, Canterbury, Kent CT1 1YF6
£875K03/232 mi43, South Canterbury Road, Canterbury, Kent CT1 3LH6

Local Area Statistics

Population in ct2

31,022

Population in Canterbury

65,078

Town centre distance

0.78 miles away

Nearest school

0.40 miles away

Nearest train station

0.97 miles away

 

 

Rental demand

Tenant's market

Rental growth (12m)

+59%

Sales demand

Buyer's market

Capital growth (5yrs)

+12%

Property History

Listed for £300,000

November 25, 2024

Sold for £225,000

2006

Sold for £73,500

1997

Floor Plans

Description

This modern semi-detached property, situated close to the University of Kent, offers a fantastic investment opportunity or a good sized, affordable family home. The property has been an HMO for many years and is currently being refurbished, with the installation of a new kitchen, bathroom, decoration and flooring. The accommodation is very spacious and set over three floors with the ground floor having a good sized reception room at the back of the house, which has doors into a lean-to conservatory. On the ground floor there are two further letting/reception rooms, the newly fitted kitchen, a useful utility room with a shower room and separate WC. To the first floor are three good sized bedrooms, a newly fitted bathroom and stairs leading to an attic room on the top floor. Externally there is driveway parking for a number of cars and at the rear is a good sized garden with a concrete panel garage.

Council Tax band C

Agent Details

Godwin Curtis Ltd, Canterbury

01227 203903

Next Steps?

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