3 Bed Semi-Detached House, Refurb/BRRR, Canterbury, CT4 5RB, £395,000

The Street, Petham, CT4 5RB - 4 views - 4 months ago

Sold STC
Refurb/BRRR
~93 m²
+6 photos

ValuationOvervalued

Sold Prices£250K - £643K
Sold Prices/m²£2.1K/m² - £6.2K/m²

 

 

Square Metres

~93 m²
Price/m²£4.2K/m²

Value Estimate

£325,500

 

 

End Value (After Refurb)

£366,473

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£98,750

Stamp Duty & Legal Fees

£20,300

Refurb Costs

£44,411

Bridging Loan Interest

£10,369

Total Cash In

£175,579

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£366,473

Mortgage (After Refinance)

£274,855

Mortgage LTV

75%

Cash Left In

£175,579

Equity

£91,618

Rent Range

£665 - £3,600

Rent Estimate

£1,436

Running Costs/mo

£1,452

Cashflow/mo

£-16

Cashflow/yr

£-197

Gross Yield

4%

Local Sold Prices

47 sold prices from £250K to £643K, average is £315K. £2.1K/m² to £6.2K/m², average is £3.7K/m².

PriceDateDistanceAddressBeds 
£500K12/201.22 mi2, Red Tile Cottages, Garlinge Green, Canterbury, Kent CT4 5RT3
£500K12/201.22 mi2, Red Tile Cottages, Garlinge Green, Canterbury, Kent CT4 5RT3
£295K03/211.8 mi5, Candlers Way, Chartham, Canterbury, Kent CT4 7TU3
£325K12/221.8 mi27, Updown Way, Chartham, Canterbury, Kent CT4 7TP3
£345K07/221.82 mi22, Updown Way, Chartham, Canterbury, Kent CT4 7TP3
£362.5K02/211.82 mi12, Updown Way, Chartham, Canterbury, Kent CT4 7TP3
£344K07/221.82 mi6, Updown Way, Chartham, Canterbury, Kent CT4 7TP3
£525K06/211.87 miGleanings, Kake Street, Waltham, Canterbury, Kent CT4 5SB3
£280K03/211.89 mi3, Chestnut Close, Chartham, Canterbury, Kent CT4 7TD3
£315K10/211.89 mi20, Chestnut Close, Chartham, Canterbury, Kent CT4 7TD3
£267K02/211.91 mi3, Godfrey Gardens, Chartham, Canterbury, Kent CT4 7TT3
£325K08/211.91 mi11, Chaplains Walk, Chartham, Canterbury, Kent CT4 7TY3
£275K02/211.91 mi15, Chaplains Walk, Chartham, Canterbury, Kent CT4 7TY3
£342K09/221.91 mi11, Godfrey Gardens, Chartham, Canterbury, Kent CT4 7TT3
£260K01/211.92 mi41, Tower View, Chartham, Canterbury, Kent CT4 7TQ3
£267.5K08/221.94 mi52, Gardeners Place, Chartham, Canterbury, Kent CT4 7TR3
£255K06/211.96 mi49, Gardeners Place, Chartham, Canterbury, Kent CT4 7TR3
£300K06/211.96 mi26, Gardeners Place, Chartham, Canterbury, Kent CT4 7TR3
£296K07/222 mi3, Church Lane, Waltham, Canterbury, Kent CT4 5SQ3
£250K12/212 mi3, Church Lane, Waltham, Canterbury, Kent CT4 5SQ3
£293K11/222.02 mi2, Almond Court, Chartham, Canterbury, Kent CT4 7TL3
£300K12/202.02 mi20, Almond Court, Chartham, Canterbury, Kent CT4 7TL3
£290K07/222.02 mi11, Almond Court, Chartham, Canterbury, Kent CT4 7TL3
£415K12/202.02 miThe Gate House, Beech Avenue, Chartham, Canterbury, Kent CT4 7TA3
£600K03/232.03 miTimbertop, The Street, Bossingham, Canterbury, Kent CT4 6DX3
£442.5K05/212.05 miIserjohn, Manns Hill, Bossingham, Canterbury, Kent CT4 6EB3
£250K11/202.05 mi11, Laurel Way, Chartham, Canterbury, Kent CT4 7TJ3
£330K12/202.09 mi19, Richdore Road, Waltham, Canterbury, Kent CT4 5SJ3
£643K09/212.19 miThe White House, Bossingham Road, Stelling Minnis, Canterbury, Kent CT4 6AY3
£316K06/212.34 mi223, Shalmsford Street, Chartham, Canterbury, Kent CT4 7PY3
£300K09/212.43 mi58, Highland Road, Chartham, Canterbury, Kent CT4 7QQ3
£300K09/212.43 mi66, Highland Road, Chartham, Canterbury, Kent CT4 7QQ3
£300K02/212.43 mi62, Highland Road, Chartham, Canterbury, Kent CT4 7QQ3
£305K10/222.53 mi56, Rentain Road, Chartham, Canterbury, Kent CT4 7JL3
£285K06/232.57 mi16, Arnold Road, Chartham, Canterbury, Kent CT4 7QL3
£415K06/232.66 mi45, New House Lane, Canterbury, Kent CT4 7BH3
£304K12/222.72 mi118, Shalmsford Street, Chartham, Canterbury, Kent CT4 7QW3
£315K04/212.73 mi157, Shalmsford Street, Chartham, Canterbury, Kent CT4 7QU3
£390K04/232.74 mi26, New House Close, Canterbury, Kent CT4 7BQ3
£332.5K04/212.77 miMartins Cottage, The Green, Chartham, Canterbury, Kent CT4 7JW3
£345K01/212.77 mi3, The Green, Chartham, Canterbury, Kent CT4 7JW3
£405K06/222.77 mi6, De Langle Row, Chartham, Canterbury, Kent CT4 7JP3
£305K02/212.83 mi74, Shalmsford Street, Chartham, Canterbury, Kent CT4 7RD3
£578K03/232.84 mi7, New House Lane, Canterbury, Kent CT4 7BG3
£287.5K06/212.89 mi97, Shalmsford Street, Chartham, Canterbury, Kent CT4 7RQ3
£300K03/212.91 mi60, Shalmsford Street, Chartham, Canterbury, Kent CT4 7RH3
£365K11/212.95 mi93, Shalmsford Street, Chartham, Canterbury, Kent CT4 7RN3

Local Rents

24 rents from £665/mo to £3.6K/mo, average is £1.3K/mo.

RentDateDistanceAddressBeds 
£1,10012/240.05 miPetham2
£1,50012/240.2 miThe Broadway Petham CT42
£2,60001/250.28 mi-4
£66512/240.3 mi-1
£90012/240.98 miOast Apartment, Swarling Manor, Petham, Canterbury, Kent1
£1,60012/241.05 miKenfield, Petham3
£2,25012/241.53 miUpper Hardres, Hardres Court, CT44
£1,35012/241.77 miCandlers Way, Chartham3
£1,30012/241.87 miAinsley Way, Chartham, CANTERBURY3
£1,40012/241.89 mi-2
£1,20003/251.89 mi-2
£3,60002/251.89 mi-5
£1,40012/241.91 miChaplains Walk, Chartham, Canterbury, Kent, CT43
£1,65012/241.91 miUpdown Way, Chartham, Canterbury3
£1,15012/241.92 miTower View, Chartham, Canterbury2
£1,24812/231.94 mi-2
£1,10012/241.94 mi-2
£3,49910/241.95 mi-3
£1,10012/241.97 mi-2
£1,95012/242.02 miBeech Avenue, Chartham4
£1,10012/242.04 miLaurel Way, Chartham, Canterbury2
£1,10012/242.05 miLaurel Way, Chartham, CT42
£1,10012/242.05 miLaurel Way, Chartham, CT42
£77512/242.44 miWoodside Avenue, Chartham1

Local Area Statistics

Population in ct4

16,587

Population in Canterbury

65,078

Town centre distance

4.87 miles away

Nearest school

0.20 miles away

Nearest train station

2.76 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+49%

Sales demand

Buyer's market

Capital growth (5yrs)

+25%

Property History

Listed for £395,000

January 7, 2025

Floor Plans

Description

  • Requires Modernisation +
  • Large Garden +
  • Stunning Views To Rear +
  • Rarely Available Home +
  • No Forward Chain +
  • Close To Primary School +
  • Lovely Village Close To Canterbury +
  • Beautiful Countryside & Woodland Walks +

A wonderful family home with a large garden and stunning views of rolling fields to the rear located in the pretty, rural village of Petham. The property requires modernisation throughout so is an exciting opportunity for someone to create their perfect home.

LOCATION:

Petham is a small village, located approximately five miles south of Canterbury and a short drive from the village of Bridge. Part of the Kent Downs Area of Outstanding Natural Beauty, the village is surrounded by countryside, farmland and ancient woodland and is a haven for nature enthusiasts and those who enjoy outdoor pursuits. The village is served by a pre-school playgroup and a primary school, which is less than a 10-minute walk from the property and Canterbury has an excellent choice of educational amenities, including grammar, comprehensive and private secondary schools, as well as three universities and a college.

Petham has a wonderful sense of community, with an excellent village hall and beautiful 13th century church at the heart of it. The village hall hosts regular activities and clubs, from baby and toddler groups to yoga. It also hosts Rainbows and Brownies as well as arts and crafts clubs. The nearby village of Bridge offers a Health Centre, dental surgery, mini market, post office, butchers and three excellent pubs.

PROPERTY:

The property is set back from the road and enjoys a lovely front garden with a variety of mature shrubs and bushes. The front door opens into an entrance hall, with a door to the left taking you into a spacious, double aspect living room. There is a kitchen to the rear, which you can enter through a door from the living room or from the entrance hall. The kitchen is bright, with a large window looking out to the garden and countryside beyond, and is open to a small dining area to the front.

Upstairs, there are two generous double bedrooms and a large single bedroom. All bedrooms have built-in storage and there is a bathroom which has a bath and wash basin, and a separate WC.

The property enjoys a large garden to the rear, with magnificent views of the valley behind. As you walk out into the garden from the kitchen, there is a patio area, separated from the main garden by a small brick wall with a few steps leading down. The main garden is then laid to lawn, with mature shrubs and trees. You then reach a hedge wall with an archway leading through to the lower garden. The garden extends a little beyond the rear fence.

A path to the side of the properties takes you down to a small children`s playpark and there are numerous walking and cycling routes from your doorstep.

This fantastic family home is offered to the market with no forward chain. Such properties are rarely available in the area, so early viewings are highly recommended

what3words /// contracting.afternoon.builder

Notice
Please note we have not tested any apparatus, fixtures, fittings, or services. Interested parties must undertake their own investigation into the working order of these items. All measurements are approximate and photographs provided for guidance only.

Agent Details

Page & Co Property Services Ltd, Canterbury

01227 532511

Next Steps?

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

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