2 Bed Flat, Single Let, Canterbury, CT1 3BW, £200,000

Invicta Close, Canterbury, CT1 3BW - 2 months ago

Leasehold
Auction
BTL
ROI: 4%
~68 m²
+9 photos

ValuationUndervalued

Sold Prices£115K - £645K
Sold Prices/m²£2.1K/m² - £5.2K/m²

 

 

Square Metres

~68.11 m²
Price/m²£2.9K/m²

Value Estimate

£221,966
BMV11%

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£50,000

Stamp Duty & Legal Fees

£12,700

Total Cash In

£62,700

 

 

Cash Out

 

Rent Range

£950 - £2,880

Rent Estimate

£1,050

Running Costs/mo

£855

Cashflow/mo

£195

Cashflow/yr

£2,340

ROI

4%

Gross Yield

6%

Local Sold Prices

29 sold prices from £115K to £645K, average is £229.9K. £2.1K/m² to £5.2K/m², average is £3.3K/m².

PriceDateDistanceAddressBeds 
£165K02/210.11 miFlat 17, St. Lawrence Court, St Lawrence Road, Canterbury, Kent CT1 3EY2
£186K07/210.24 mi35, Raymond Avenue, Canterbury, Kent CT1 3JY2
£225K02/210.26 mi52, Raymond Avenue, Canterbury, Kent CT1 3JZ2
£225K02/210.26 mi52, Raymond Avenue, Canterbury, Kent CT1 3JZ2
£225K09/210.26 mi16, Raymond Avenue, Canterbury, Kent CT1 3JZ2
£208K02/210.26 miFlat 8, Durovernum Court, Old Dover Road, Canterbury, Kent CT1 3DA2
£645K12/200.36 mi27, St Augustines Road, Canterbury, Kent CT1 1XP2
£140K12/210.42 mi85, George Roche Road, Canterbury, Kent CT1 3FF2
£280K06/210.54 mi6, Holman Mews, Canterbury, Kent CT1 3JE2
£115K04/210.54 miFlat 10, Fyndon House, Spring Lane, Canterbury, Kent CT1 1SP2
£235K10/220.8 mi22, Castle Row, Canterbury, Kent CT1 2QY2
£290K08/230.89 miFlat 16, Stour Court, Stour Street, Canterbury, Kent CT1 2PG2
£235K01/230.93 mi65, Bingley Court, Canterbury, Kent CT1 2SW2
£220K05/210.94 mi78, Bingley Court, Canterbury, Kent CT1 2SW2
£230K05/210.94 mi66, Bingley Court, Canterbury, Kent CT1 2SW2
£230K03/210.94 mi70, Bingley Court, Canterbury, Kent CT1 2SW2
£230K07/230.94 mi73, Bingley Court, Canterbury, Kent CT1 2SW2
£310K12/210.94 mi44, The Rope Walk, Canterbury, Kent CT1 2FY2
£229.9K11/210.94 mi14, The Rope Walk, Canterbury, Kent CT1 2FY2
£187K02/230.94 mi41, Artillery Gardens, Canterbury, Kent CT1 1LG2
£230K01/230.96 mi47, St Andrews Close, Canterbury, Kent CT1 2RT2
£190K06/210.96 mi54, St Andrews Close, Canterbury, Kent CT1 2RT2
£217.5K11/200.96 mi62, St Andrews Close, Canterbury, Kent CT1 2RT2
£220K04/210.96 mi49, St Andrews Close, Canterbury, Kent CT1 2RT2
£215K11/200.97 mi15, Old Watling Street, Canterbury, Kent CT1 2DX2
£230K06/210.97 mi17, Old Watling Street, Canterbury, Kent CT1 2DX2
£320K09/210.97 mi60, Old Watling Street, Canterbury, Kent CT1 2DX2
£295K12/200.97 mi62, Old Watling Street, Canterbury, Kent CT1 2DX2
£255K04/230.97 mi48, Old Watling Street, Canterbury, Kent CT1 2DX2

Local Rents

50 rents from £950/mo to £2.9K/mo, average is £1.3K/mo.

RentDateDistanceAddressBeds 
£1,37505/240 miInvicta Close, CANTERBURY2
£1,05005/240.05 miOld Dover Road, Canterbury2
£1,15001/250.07 mi-2
£1,20004/240.1 miOld Dover Road, Canterbury2
£1,25005/240.12 miOld Dover Road, Canterbury, Kent, CT12
£1,32505/240.15 miBellflower Mews, Canterbury2
£1,25004/240.15 miCanterbury2
£1,25005/240.15 miCanterbury2
£1,73301/250.15 mi-2
£1,40003/240.18 miBellflower Mews, Canterbury2
£1,35004/240.19 miNew Dover Road, CANTERBURY2
£1,30003/240.2 miNew Dover Road, Canterbury, CT12
£1,20003/240.2 miSouth Canterbury2
£1,40005/240.21 miWootton Court, 42 New Dover Road, Canterbury2
£1,15003/240.21 miRochester Avenue, Canterbury2
£1,25004/250.22 mi-2
£95003/240.22 miRaymond Avenue, Canterbury2
£1,05003/240.23 miRaymond Avenue, Canterbury2
£1,35004/240.24 miNew Dover Road, Canterbury, CT12
£1,35005/240.24 miNew Dover Road, Canterbury, CT12
£1,35005/240.24 mi-2
£1,10004/240.25 miNew Dover Road, Canterbury2
£1,10004/240.25 miNew Dover Road, Canterbury2
£1,15005/240.26 miDurovernum Court, Canterbury2
£1,35003/240.31 mi-2
£1,25004/240.31 mi-2
£1,15004/240.31 miChaucer Court2
£1,25004/240.35 miPuckle Lane, Canterbury, Kent, CT12
£1,25004/240.36 mi-2
£1,25005/240.36 miProspect Place, Canterbury, CT12
£1,05002/240.36 mi-2
£1,17503/240.38 miProspect Place, Canterbury2
£1,10003/240.4 miCanterbury2
£2,27504/250.41 mi-2
£1,15003/240.41 miPritchard Court, George Roche Road2
£1,30003/240.42 miPilgrims Way, Canterbury, Kent, CT12
£2,80003/240.42 miPilgrims Way, Canterbury, Kent, CT12
£1,10003/240.43 miGeorge Roche Road, Canterbury2
£1,95002/240.43 mi-2
£1,85004/240.43 mi-2
£2,88004/240.43 mi-2
£1,35002/240.43 mi-2
£1,40004/240.43 miGeorge Roche Road2
£1,75004/240.44 miPilgrims Way, Canterbury, Kent, CT12
£1,35003/240.44 miPilgrims Way, Canterbury, Kent, CT12
£1,15003/240.44 miGeorge Roche Road, Canterbury2
£1,15003/240.45 miGeorge Roche Road, Canterbury2
£1,10005/240.47 miOaten Hill, Canterbury - Ref 2182
£1,10005/240.47 miOaten Hill, Canterbury - Ref 2182
£1,10012/240.47 miOaten Hill, Canterbury - Ref 2172

Local Area Statistics

Population in ct1

29,688

Population in Canterbury

65,078

Town centre distance

1.25 miles away

Nearest school

0.10 miles away

Nearest train station

0.75 miles away

 

 

Rental demand

Tenant's market

Rental growth (12m)

+56%

Sales demand

Balanced market

Capital growth (5yrs)

+5%

Property History

Price changed to £200,000

March 8, 2025

Listed for £220,000

February 11, 2025

Floor Plans

Description

  • Sale by Modern Auction (T&Cs apply) +
  • Subject to an undisclosed Reserve Price +
  • Buyers fees apply +
  • Tenants in situ +
  • A very well presented and modern two bedroom and apartment +
  • Set in a highly sought after location close to Canterbury Cricket Ground +
  • Open plan living with a lounge/dining/kitchen +
  • Modern family bathroom and en suite shower room to master bedroom +

SUMMARY
Offered to the market with no onward chain, this very well presented, two bedroom apartment is positioned in a sought after location next to the Cricket Ground in Canterbury. Providing walkable access to local amenities such as Sainsbury's, Canterbury City centre and main roads with bus routes.

DESCRIPTION
Offered to the market with no onward chain, this very well presented, two bedroom apartment is positioned in a sought after location next to the Cricket Ground in Canterbury. Providing walkable access to local amenities such as Sainsbury's store, Canterbury City centre and main roads with bus routes and access to A2.

The property opens to a central hallway with access to two double bedrooms, the main bedroom enjoying an en suite shower room. There is a main family bathroom with matching suite of bath, WC and wash hand basin. You will then find the very spacious open plan lounge dining room and modern kitchen with integrated appliances.

The property would make an ideal first time buy being ready to move in to and having allocated parking within the grounds.

Auctioneer's Comments 
This property is offered through Modern Method of Auction. Should you view, offer or bid your data will be shared with the Auctioneer, iamsold Limited. This method requires both parties to complete the transaction within 56 days, allowing buyers to proceed with mortgage finance (subject to lending criteria, affordability and survey).

The buyer is required to sign a reservation agreement and make payment of a non-refundable Reservation Fee of 4.5% of the purchase price including VAT, subject to a minimum of £6600.00 including VAT. This fee is paid in addition to purchase price and will be considered as part of the chargeable consideration for the property in the calculation for stamp duty liability. Buyers will be required to complete an identification process with iamsold and provide proof of how the purchase would be funded.

The property has a Buyer Information Pack containing documents about the property. The documents may not tell you everything you need to know, so you must complete your own due diligence before bidding. A sample of the Reservation Agreement and terms and conditions are contained within this pack. The buyer will also make payment of no more than £349 inc. VAT towards the preparation cost of the pack. Please confirm exact costs with the auctioneer.

The estate agent and auctioneer may recommend the services of other providers to you, in which they will be paid for the referral. These services are optional, and you will be advised of any payment, in writing before any services are accepted. Listing is subject to a start price and undisclosed reserve price that can change.

Lounge/Dining/Kitchen 16' 3" x 14' 1" ( 4.95m x 4.29m )

Bedroom One 12' 3" x 11' 2" ( 3.73m x 3.40m )

En Suite Shower Room 

Bedroom Two 10' 9" x 8' 6" ( 3.28m x 2.59m )

Family Bathroom 

We currently hold lease details as displayed above, should you require further information please contact the branch. Please note additional fees could be incurred for items such as leasehold packs.

1. MONEY LAUNDERING REGULATIONS - Intending purchasers will be asked to produce identification documentation at a later stage and we would ask for your co-operation in order that there will be no delay in agreeing the sale.
2: These particulars do not constitute part or all of an offer or contract.
3: The measurements indicated are supplied for guidance only and as such must be considered incorrect.
4: Potential buyers are advised to recheck the measurements before committing to any expense.
5: Connells has not tested any apparatus, equipment, fixtures, fittings or services and it is the buyers interests to check the working condition of any appliances.
6: Connells has not sought to verify the legal title of the property and the buyers must obtain verification from their solicitor.

Agent Details

Connells, Canterbury

01227 202614

Next Steps?

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