4 Bed Bungalow, Refurb/BRRR, Canterbury, CT4 6RL, £165,000

Cherry Tree, Shelvin, Wootton, Canterbury, Kent, CT4 6RL - 6 views - 3 months ago

Sold STC
Auction
Refurb/BRRR
~129 m²
+10 photos

ValuationFair Value

Sold Prices£320K - £720K
Sold Prices/m²£2.1K/m² - £5.9K/m²

 

 

Square Metres

~129.26 m²
Price/m²£1.3K/m²

Value Estimate

£168,300

 

 

End Value (After Refurb)

£406,406

Uplift in Value

+146%

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£41,250

Stamp Duty & Legal Fees

£6,150

Refurb Costs

£61,725

Bridging Loan Interest

£4,331

Total Cash In

£115,206

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Estimated Sale Price

£406,406

Agent Fees (1%)

£4,064

Bridging Loan

£123,750

Bridging Loan Interest

£4,331

Flip Profit

£163,386

Local Sold Prices

27 sold prices from £320K to £720K, average is £499.9K. £2.1K/m² to £5.9K/m², average is £3.6K/m².

PriceDateDistanceAddressBeds 
£499.9K06/211.51 miWoodside Cottage, Wick Lane, Woolage Green, Canterbury, Kent CT4 6SD4
£720K02/211.77 miHeaselands Barn, South Barham Road, Barham, Canterbury, Kent CT4 6QA4
£425K11/221.83 mi42, The Grove, Barham, Canterbury, Kent CT4 6PP4
£321.5K02/211.84 mi41, The Grove, Barham, Canterbury, Kent CT4 6PP4
£415K04/211.88 mi10, Firs Road, Woolage Village, Canterbury, Kent CT4 6SH4
£650K09/221.9 miMarshal Ney, Valley Road, Barham, Canterbury, Kent CT4 6NX4
£485K03/211.92 mi8, Heathfield Way, Barham, Canterbury, Kent CT4 6QH4
£450K02/211.92 mi32, Heathfield Way, Barham, Canterbury, Kent CT4 6QH4
£560K11/221.92 mi68, Westcourt Lane, Shepherdswell, Dover, Kent CT15 7PU4
£685K09/221.96 miNorthshore, Valley Road, Barham, Canterbury, Kent CT4 6NX4
£510K06/211.96 miMerley, Valley Road, Barham, Canterbury, Kent CT4 6NX4
£535K02/232.2 mi1, Station Road, Shepherdswell, Dover, Kent CT15 7PD4
£512.5K02/212.25 miStevaden, Moorland Road, Shepherdswell, Dover, Kent CT15 7NS4
£500K01/232.25 mi2, Moorwell Drive, Shepherdswell, Dover, Kent CT15 7QD4
£403K11/222.29 mi8, The Glen, Shepherdswell, Dover, Kent CT15 7PF4
£685K04/212.38 miMixton Mews, Coldred Road, Shepherdswell, Dover, Kent CT15 7LF4
£540K12/202.45 mi31, Bernards Gardens, Shepherdswell, Dover, Kent CT15 7PH4
£445K06/212.46 mi36, Mill Lane, Shepherdswell, Dover, Kent CT15 7LJ4
£350K12/202.51 mi27, Mill Fields, Shepherdswell, Dover, Kent CT15 7LN4
£427.5K01/212.77 mi14, Hazling Dane, Shepherdswell, Dover, Kent CT15 7LS4
£485K02/232.85 mi49, Canterbury Road, Lydden, Dover, Kent CT15 7ET4
£608K03/212.89 miShepherds Hay, Church Lane, Kingston, Canterbury, Kent CT4 6HX4
£450K01/212.91 miHours, Church Road, Coldred, Dover, Kent CT15 5AQ4
£625K04/232.91 miGreen Leas, Church Road, Coldred, Dover, Kent CT15 5AQ4
£320K01/212.96 mi17, Stonehall Road, Lydden, Dover, Kent CT15 7JT4
£440K03/212.97 mi41, The Street, Kingston, Canterbury, Kent CT4 6JQ4
£500K12/202.97 miEscley, Church Lane, Kingston, Canterbury, Kent CT4 6HY4

Local Rents

10 rents from £650/mo to £1.8K/mo, average is £1.2K/mo.

RentDateDistanceAddressBeds 
£1,40012/242.08 miCox Hill Shepherdswell CT155
£1,10012/242.08 mi-2
£1,15012/242.08 miCottage 1, Barham Canterbury, CT42
£1,15012/242.08 miCottage 1, Barham Canterbury, CT42
£1,60012/242.11 miCarpenters Yard, Shepherdswell, CT152
£1,60012/242.11 miCarpenters Yard, Shepherdswell, CT152
£1,80012/242.11 miCarpenters Yard, Shepherdswell, CT153
£1,20012/242.13 mi-2
£97512/242.25 miChurch Hill Shepherdswell CT152
£65011/242.26 mi-1

Local Area Statistics

Population in ct4

16,587

Population in Canterbury

65,078

Town centre distance

8.33 miles away

Nearest school

1.70 miles away

Nearest train station

2.19 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+49%

Sales demand

Buyer's market

Capital growth (5yrs)

+25%

Property History

Listed for £165,000

January 29, 2025

Description

  • 4 bedrooms +
  • Refurbishment required +
  • Development potential (subject to obtaining any necessary consents) +
  • Rural Location +

TO BE OFFERED BY ONLINE AUCTION ON 26/02/2025 12:10

As an auction property the details are subject to change. Please check our website for any updates or addendum entries.

Description
* VIDEO TOUR AVAILABLE UPON ON REQUEST * The property provides a four-bedroom detached cottage dating back to the early 20th century that appears to have been extended over the years. It is in relatively poor condition both internally and externally and in need of renovation. The construction appears as if it could be non-standard and buyers should rely on their own enquiries.

In the past the property has benefitted from planning consent for the erection of a 5 bedroom dwelling (Application 20/01012). Interested parties should note that this permission required additional land that falls outside of the title being sold.

Internally, the ground floor comprises a conservatory/lean to, a kitchen, living room, bathroom and three bedrooms. The first floor is converted attic space providing one additional bedroom. The dcor is tired and is a mix of carpet and linoleum floor coverings, with both painted and papered plastered walls. The bathroom has a shower over the bath and is partially tiled and the kitchen has wall and base units and tiled splash backs.

Please note the images are from 2023 and will be update prior to the auction.

Location
Location
Situated in a rural location, the village of Wootton lies halfway between Canterbury and Dover. Shelvin Farm Road is a single-track lane which is accessed directly via the main A2 (Dover Road) which leads from the M2 motorway at Faversham to the north and Dover to the south. The A260 (Canterbury Road) is also close by which leads to Canterbury the North and Folkestone to the south which ten provides access to the M20 motorway.

Accommodation
The property had a gross internal area of 91.48 sq.m (984 sq, ft).

Outside
Externally there is a driveway to the front and a rear garden. Note that land appears to be part of the garden is owned by third parties and held on separate titles. Please refer to the title plan image to confirm the extent of what is included in the sale.

Tenure
Freehold - Title K437949

EPC
Energy Asset Rating is F.

Buyer's Administration Fee
There will be a Buyer's Administration Fee of £2,700 (inc VAT) payable upon exchange of contracts.

Additional Information
1. The information contained within the Particulars are given in good faith, but all descriptions, statements, dimensions ( these may have come from a third party source e.g. the seller, valuation reports or historic sales particulars), references to condition and permissions for the use and occupation or other details are made without responsibility and should not be relied upon as representation of fact.

2. If a video walk through, or any other form of virtual tour, is provided whilst every effort is made to accurately give an overview of the property we cannot give any warranty concerning the nature, and condition of the property and the suitability thereof for any and all activities and use. The video, or tour, is provided to assist only and without responsibility and should not be relied upon as representation of fact, or replace all appropriate due diligence a prudent purchaser would make.

Agent Details

Landwood Group, Manchester

0161 524 9187

Next Steps?

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