5 Bed HMO, Canterbury, CT1 1LA, £290,000

Hallett Walk, Canterbury, Kent, CT1 1LA - 3 months ago

Sold STC
HMO
ROI: 11%
~96 m²
+6 photos

ValuationFair Value

Sold Prices£235K - £950K
Sold Prices/m²£1.9K/m² - £4.4K/m²

 

 

Square Metres

~96.10 m²
Price/m²£3K/m²

Value Estimate

£295,692

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£72,500

Stamp Duty & Legal Fees

£20,200

Total Cash In

£92,700

 

 

Cash Out

 

Room Rate

£589

Gross Rent

£2,945

Running Costs/mo

£2,090

Cashflow/mo

£855

Cashflow/yr

£10,263

ROI

11%

Gross Yield

12%

Local Sold Prices

23 sold prices from £235K to £950K, average is £322.5K. £1.9K/m² to £4.4K/m², average is £3.1K/m².

PriceDateDistanceAddressBeds 
£860K01/230.23 mi5, Westwood Drive, Canterbury, Kent CT2 7WY5
£235K03/210.29 mi151, Sturry Road, Canterbury, Kent CT1 1DF5
£245K12/200.34 mi14, St Martins Road, Canterbury, Kent CT1 1QW5
£621.5K06/210.44 mi10, Abbey Gardens, Canterbury, Kent CT2 7EU5
£635K12/220.46 mi39, St Stephens Road, Canterbury, Kent CT2 7JD5
£535K02/210.51 mi21, Monastery Street, Canterbury, Kent CT1 1NJ5
£655K03/210.64 mi14, Hever Place, Canterbury, Kent CT2 7QP5
£242K05/210.66 mi52, Kemsing Gardens, Canterbury, Kent CT2 7RF5
£290K09/210.66 mi55, Kemsing Gardens, Canterbury, Kent CT2 7RF5
£900K04/210.75 mi12, St Augustines Road, Canterbury, Kent CT1 1XP5
£290K09/210.76 mi9, Montfort Close, Canterbury, Kent CT2 7DA5
£322.5K12/200.76 mi9, Westerham Close, Canterbury, Kent CT2 7TZ5
£322.5K12/200.78 mi9, Westerham Close, Canterbury, Kent CT2 7TZ5
£325K05/230.78 mi4, Westerham Close, Canterbury, Kent CT2 7TZ5
£265K11/220.8 mi43, Tunstall Road, Canterbury, Kent CT2 7BX5
£295K03/210.83 mi105, Spring Lane, Canterbury, Kent CT1 1SW5
£262K01/210.84 mi3, Essex Road, Canterbury, Kent CT1 1RS5
£950K11/220.87 mi15, Dane John, Canterbury, Kent CT1 2QU5
£300K06/210.9 mi26, Long Meadow Way, Canterbury, Kent CT2 7DF5
£235K02/210.94 mi80, Tenterden Drive, Canterbury, Kent CT2 7BW5
£260K11/210.97 mi87, Downs Road, Canterbury, Kent CT2 7TW5
£345K01/210.97 mi13, Queens Avenue, Canterbury, Kent CT2 8AY5
£360K02/210.98 mi33, Bramshaw Road, Canterbury, Kent CT2 7HR5

Local Area Statistics

Population in ct1

29,688

Population in Canterbury

65,078

Town centre distance

0.24 miles away

Nearest school

0.30 miles away

Nearest train station

0.71 miles away

 

 

Rental demand

Tenant's market

Rental growth (12m)

+56%

Sales demand

Balanced market

Capital growth (5yrs)

+5%

Property History

Listed for £290,000

January 23, 2025

Floor Plans

Description

GUIDE PRICE £290,000 - £310,000

This licensed HMO offers an excellent investment opportunity, delivering a healthy rental income and the potential for continued returns. Situated on the outskirts of Canterbury Central, the property provides convenient access to local amenities, transport links, and the city centre, making it a desirable option for tenants.
The ground floor comprises an entrance hall leading to an open-plan lounge and kitchen, along with two double bedrooms, one of which could also function as an additional reception room. Upstairs, there are three further double bedrooms and a four-piece family bathroom.
Practical features include gas central heating, double glazing throughout, a garage, and both front and rear gardens.
This property is ideally suited to investors seeking a reliable addition to their portfolio or buyers looking for a home offering flexibility and space. With its accessible location and scope for continued rental demand, it represents an affordable and practical opportunity.
Contact us today to arrange your viewing.

The property is located on the Brymore development within easy reach of the University of Kent, Canterbury West Railway Station, the City Centre and local shops and amenities. No chain.

Agent Details

Bairstow Eves, Canterbury

01227 203655

Next Steps?

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