Potential 4-Bed HMO, Canterbury, CT2 7BW, £275,000

Tenterden Drive, Canterbury, Kent, CT2 7BW - 3 months ago

HMO
ROI: 8%
~93 m²
+1 photos

ValuationUndervalued

Sold Prices£205K - £570K
Sold Prices/m²£2.6K/m² - £6K/m²

 

 

Square Metres

~93 m²
Price/m²£3K/m²

Value Estimate

£339,877
BMV24%

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£68,750

Stamp Duty & Legal Fees

£18,700

Total Cash In

£87,450

 

 

Cash Out

 

Room Rate

£607

Gross Rent

£2,428

Running Costs/mo

£1,839

Cashflow/mo

£589

Cashflow/yr

£7,062

ROI

8%

Gross Yield

11%

Local Sold Prices

50 sold prices from £205K to £570K, average is £300K. £2.6K/m² to £6K/m², average is £3.7K/m².

PriceDateDistanceAddressBeds 
£235K02/210.02 mi80, Tenterden Drive, Canterbury, Kent CT2 7BW3
£268K01/210.03 mi12, Green Dell, Canterbury, Kent CT2 7BU3
£235K05/210.05 mi72, Tenterden Drive, Canterbury, Kent CT2 7BN3
£265K02/230.15 mi26, Godden Road, Canterbury, Kent CT2 7BY3
£225K01/210.18 mi12, Montfort Close, Canterbury, Kent CT2 7DA3
£492.5K03/210.21 mi12, The Terrace, Canterbury, Kent CT2 7AJ3
£380K12/220.23 mi12, Downs Road, Canterbury, Kent CT2 7AY3
£277K02/230.25 mi22, Goudhurst Close, Canterbury, Kent CT2 7TU3
£236K10/210.28 mi10, Frencham Close, Canterbury, Kent CT2 7DS3
£255K06/230.29 mi5, Hovenden Close, Canterbury, Kent CT2 7DR3
£425K01/210.29 mi1, Manwood Avenue, Canterbury, Kent CT2 7AE3
£340K08/210.31 mi8, Westerham Close, Canterbury, Kent CT2 7TZ3
£252.5K06/230.31 mi12, Sundridge Close, Canterbury, Kent CT2 7QW3
£570K02/230.36 mi14, St Stephens Hill, Canterbury, Kent CT2 7AX3
£210K12/200.36 mi43, Headcorn Drive, Canterbury, Kent CT2 7TR3
£350K09/210.37 mi19, Bicknor Close, Canterbury, Kent CT2 7UB3
£255K12/200.4 mi1, Kemsing Gardens, Canterbury, Kent CT2 7RE3
£240K05/210.43 mi58, Kemsing Gardens, Canterbury, Kent CT2 7RF3
£520K08/220.52 mi21, Abbey Gardens, Canterbury, Kent CT2 7EU3
£334K05/230.54 mi2, Shaftesbury Road, Canterbury, Kent CT2 7LF3
£430K02/210.54 mi126, St Stephens Road, Canterbury, Kent CT2 7JS3
£360K01/230.6 mi5, Dextor Close, Canterbury, Kent CT2 7JB3
£300K09/210.61 mi8, St Michaels Road, Canterbury, Kent CT2 7HG3
£320K02/210.61 mi33, St Michaels Road, Canterbury, Kent CT2 7HG3
£353K11/220.64 mi22, St Stephens Court, Canterbury, Kent CT2 7JP3
£290K03/210.64 mi15, St Stephens Court, Canterbury, Kent CT2 7JP3
£305K05/230.66 mi33, St Michaels Place, Canterbury, Kent CT2 7HQ3
£285K01/230.71 mi25, St Stephens Court, Canterbury, Kent CT2 7JP3
£425K12/220.72 mi5, Mandeville Road, Canterbury, Kent CT2 7HB3
£292.5K03/210.72 mi7, Holters Mill, Canterbury, Kent CT2 8SP3
£300K01/210.74 mi5, Hanover Place, Canterbury, Kent CT2 7HA3
£355K03/230.74 mi42, Hanover Place, Canterbury, Kent CT2 7HA3
£254K12/200.77 mi12, Bramshaw Road, Canterbury, Kent CT2 7HR3
£307K12/220.77 mi22, Glenside Avenue, Canterbury, Kent CT1 1DB3
£205K01/230.77 mi20, Glenside Avenue, Canterbury, Kent CT1 1DB3
£205K03/210.77 mi17, Glenside Avenue, Canterbury, Kent CT1 1DB3
£280K05/230.77 mi3, Glenside Avenue, Canterbury, Kent CT1 1DB3
£525K12/220.78 mi28, Beverley Road, Canterbury, Kent CT2 7EN3
£260K07/230.79 mi46, St Stephens Road, Canterbury, Kent CT2 7HU3
£254K12/200.8 mi12, Bramshaw Road, Canterbury, Kent CT2 7HR3
£265K03/210.81 mi14, Riverdale Road, Canterbury, Kent CT1 1DH3
£390K12/220.83 mi76, Roper Road, Canterbury, Kent CT2 7RS3
£385K07/210.83 mi84, Roper Road, Canterbury, Kent CT2 7RS3
£418K01/230.83 mi73, Roper Road, Canterbury, Kent CT2 7RS3
£265K03/230.85 mi1, Metcalfe Mews, Canterbury, Kent CT1 1JD3
£327.5K04/210.86 mi51, Mandeville Road, Canterbury, Kent CT2 7HD3
£380K04/210.86 mi56, Mandeville Road, Canterbury, Kent CT2 7HD3
£265K02/230.88 mi28, Rushmead Close, Canterbury, Kent CT2 7RP3
£338K06/210.9 mi45, Orient Place, Canterbury, Kent CT2 8AW3
£315K06/210.9 mi55, Orient Place, Canterbury, Kent CT2 8AW3

Local Area Statistics

Population in ct2

31,022

Population in Canterbury

65,078

Town centre distance

0.73 miles away

Nearest school

0.30 miles away

Nearest train station

0.92 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 £275,000

January 23, 2025

Listed for £295,000

January 10, 2025

Floor Plans

Description

  • Adaptable and versatile living space +
  • Conservatory to the rear of the home +
  • Ready for you to put your own stamp on +
  • Perfect investment property as currently being used as a HMO +
  • Being sold with no onward chain +

A generous mid terraced house located in the ever popular area of Hales Place. Currently being used as a HMO this property is ideal for those looking to add to their portfolio.

Room sizes:

  • Entrance Porch
  • Entrance Hallway
  • Dining Room used as Bedroom: 10'0 x 8'7 (3.05m x 2.62m)
  • Lounge: 15'9 x 8'0 (4.80m x 2.44m)
  • Conservatory: 13'6 x 6'1 (4.12m x 1.86m)
  • Kitchen: 8'4 x 7'9 (2.54m x 2.36m)
  • Landing
  • Bedroom 1: 11'5 x 10'0 (3.48m x 3.05m)
  • Bedroom 2: 9'2 x 8'3 (2.80m x 2.52m)
  • Bedroom 3: 13'3 x 8'1 (4.04m x 2.47m)
  • Bathroom: 8'3 x 5'10 (2.52m x 1.78m)
  • Front Garden
  • Rear Garden  
    The information provided about this property does not constitute or form part of an offer or contract, nor may it be regarded as representations. All interested parties must verify accuracy and your solicitor must verify tenure/lease information, fixtures & fittings and, where the property has been extended/converted, planning/building regulation consents. All dimensions are approximate and quoted for guidance only as are floor plans which are not to scale and their accuracy cannot be confirmed. Reference to appliances and/or services does not imply that they are necessarily in working order or fit for the purpose.
     
    We are pleased to offer our customers a range of additional services to help them with moving home. None of these services are obligatory and you are free to use service providers of your choice. Current regulations require all estate agents to inform their customers of the fees they earn for recommending third party services. If you choose to use a service provider recommended by Wards, details of all referral fees can be found at the link below. If you decide to use any of our services, please be assured that this will not increase the fees you pay to our service providers, which remain as quoted directly to you.

Agent Details

Wards, Canterbury

01227 202630

Next Steps?

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