6 Bed HMO, Canterbury, CT2 7TR, £375,000
Headcorn Drive, Canterbury, Kent, CT2 7TR - 3 months ago
Auction
HMO
ROI: 10%
~186 m²





+4 photos
ValuationUndervalued
Sold Prices | £265K - £1.8M |
Sold Prices/m² | £2.3K/m² - £4.3K/m² |
| |
Square Metres | ~186 m² |
Price/m² | £2K/m² |
Value Estimate | £450,000 |
BMV | 20% |
Cashflows
Cash In | |
Purchase Finance | Mortgage |
Deposit (25%) | £93,750 |
Stamp Duty & Legal Fees | £28,700 |
Total Cash In | £122,450 |
| |
Cash Out | |
Room Rate | £607 |
Gross Rent | £3,642 |
Running Costs/mo | £2,620 |
Cashflow/mo | £1,022 |
Cashflow/yr | £12,260 |
ROI | 10% |
Gross Yield | 12% |
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.
Local Area Statistics
Population in ct2 | 31,022 |
Population in Canterbury | 65,078 |
Town centre distance | 0.76 miles away |
Nearest school | 0.40 miles away |
Nearest train station | 1.09 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 £375,000
March 20, 2025
Price changed to £450,000
March 4, 2025
Listed for £475,000
January 23, 2025
Floor Plans


Description
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