2 Bed Flat, Planning Permission, Canterbury, CT1 2SX, £200,000

Bingley Court, Canterbury, CT1 2SX - 2 months ago

Leasehold
Planning
ROI: 6%
~68 m²
+6 photos

ValuationUndervalued

Sold Prices£140K - £325K
Sold Prices/m²£2.1K/m² - £5.2K/m²

 

 

Square Metres

~68.11 m²
Price/m²£2.9K/m²

Value Estimate

£234,521
BMV17%

Investment Opportunity

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£50,000

Stamp Duty & Legal Fees

£12,700

Total Cash In

£62,700

 

 

Cash Out

 

Rent Range

£992 - £2,000

Rent Estimate

£1,200

Running Costs/mo

£885

Cashflow/mo

£315

Cashflow/yr

£3,780

ROI

6%

Gross Yield

7%

Local Sold Prices

50 sold prices from £140K to £325K, average is £227.5K. £2.1K/m² to £5.2K/m², average is £3.4K/m².

PriceDateDistanceAddressBeds 
£220K05/210.03 mi78, Bingley Court, Canterbury, Kent CT1 2SW2
£230K05/210.03 mi66, Bingley Court, Canterbury, Kent CT1 2SW2
£230K03/210.03 mi70, Bingley Court, Canterbury, Kent CT1 2SW2
£230K07/230.03 mi73, Bingley Court, Canterbury, Kent CT1 2SW2
£230K01/230.03 mi47, St Andrews Close, Canterbury, Kent CT1 2RT2
£235K01/230.04 mi65, Bingley Court, Canterbury, Kent CT1 2SW2
£190K06/210.04 mi54, St Andrews Close, Canterbury, Kent CT1 2RT2
£217.5K11/200.04 mi62, St Andrews Close, Canterbury, Kent CT1 2RT2
£220K04/210.04 mi49, St Andrews Close, Canterbury, Kent CT1 2RT2
£310K12/210.12 mi44, The Rope Walk, Canterbury, Kent CT1 2FY2
£229.9K11/210.12 mi14, The Rope Walk, Canterbury, Kent CT1 2FY2
£235K10/220.21 mi22, Castle Row, Canterbury, Kent CT1 2QY2
£230K06/210.22 mi17, Old Watling Street, Canterbury, Kent CT1 2DX2
£320K09/210.22 mi60, Old Watling Street, Canterbury, Kent CT1 2DX2
£295K12/200.22 mi62, Old Watling Street, Canterbury, Kent CT1 2DX2
£255K04/230.22 mi48, Old Watling Street, Canterbury, Kent CT1 2DX2
£215K11/200.23 mi15, Old Watling Street, Canterbury, Kent CT1 2DX2
£290K08/230.28 miFlat 16, Stour Court, Stour Street, Canterbury, Kent CT1 2PG2
£280K06/210.47 mi6, Holman Mews, Canterbury, Kent CT1 3JE2
£170K07/210.47 miFlat 2, Sterling Court, Pound Lane, Canterbury, Kent CT1 2HY2
£198K06/230.47 miFlat 10, Sterling Court, Pound Lane, Canterbury, Kent CT1 2HY2
£235K09/210.48 mi7, Westerly Mews, Canterbury, Kent CT2 8AQ2
£225K10/200.49 miFlat 2, Westside Apartments, Station Road West, Canterbury, Kent CT2 8WA2
£217K01/210.49 miFlat 3, Westside Apartments, Station Road West, Canterbury, Kent CT2 8WA2
£266K06/230.49 miFlat 3, Westside Apartments, Station Road West, Canterbury, Kent CT2 8WA2
£227.5K05/230.53 mi14, Carriage Mews, Canterbury, Kent CT2 8AL2
£168K03/210.54 mi18, City View, Harbledown, Canterbury, Kent CT2 8PT2
£250K10/200.55 miFlat 6, Kirbys Heights, Station Road West, Canterbury, Kent CT2 8FB2
£200K02/210.55 miFlat 1, Kirbys Heights, Station Road West, Canterbury, Kent CT2 8FB2
£325K05/230.56 miFlat 2, The Merchant Store, Station Road West, Canterbury, Kent CT2 8AN2
£270K11/200.56 miFlat 8, The Merchant Store, Station Road West, Canterbury, Kent CT2 8AN2
£227.5K06/230.56 mi1, Rheims Court, Canterbury, Kent CT2 8LB2
£210K09/210.57 mi7, Homersham, Canterbury, Kent CT1 3RL2
£176.8K01/210.57 mi23, Homersham, Canterbury, Kent CT1 3RL2
£190K06/210.57 mi29a, Homersham, Canterbury, Kent CT1 3RL2
£205K02/230.57 mi35, Mill Lane, Harbledown, Canterbury, Kent CT2 8NE2
£180K10/200.6 mi28, Homersham, Canterbury, Kent CT1 3RG2
£260K01/230.6 mi16, Homersham, Canterbury, Kent CT1 3RG2
£200K11/200.61 miFlat 20, Deans Mill Court, The Causeway, Canterbury, Kent CT1 2BF2
£200K08/210.61 miFlat 6, Deans Mill Court, The Causeway, Canterbury, Kent CT1 2BF2
£210K05/230.61 mi12, Sullivan Close, Canterbury, Kent CT1 3TF2
£245K02/210.61 mi20, Orient Place, Canterbury, Kent CT2 8AW2
£287.5K11/220.61 mi42, Orient Place, Canterbury, Kent CT2 8AW2
£170K01/230.61 miFlat 43, Deans Mill Court, The Causeway, Canterbury, Kent CT1 2BF2
£215.1K06/210.64 mi16, Scott Avenue, Canterbury, Kent CT1 3RN2
£140K12/210.65 mi85, George Roche Road, Canterbury, Kent CT1 3FF2
£160K10/220.66 miFlat 14, Barton Mill Court, Station Road West, Canterbury, Kent CT2 7JZ2
£230K05/210.68 mi129, Station Road West, Canterbury, Kent CT2 8DE2
£233K08/210.68 mi163, Station Road West, Canterbury, Kent CT2 8DE2
£220K10/220.7 mi91, Station Road West, Canterbury, Kent CT2 8SE2

Local Rents

50 rents from £992/mo to £2K/mo, average is £1.3K/mo.

RentDateDistanceAddressBeds 
£1,30003/240 miBingley Court, Canterbury2
£1,40003/240 miBingley Court, Canterbury2
£1,20003/240 miBingley Court, CANTERBURY2
£1,27504/240.02 miBingley Court, Canterbury, CT12
£99202/250.03 mi-2
£1,35003/240.03 miBingley Court, Canterbury2
£1,40003/240.03 miBingley Court2
£1,40003/240.04 miSt Andrew's Close, Canterbury2
£1,30003/240.04 miBingley Court, Canterbury2
£1,20003/240.04 miSt Andrews Close, CANTERBURY2
£1,32504/240.04 miSt. Andrews Close2
£1,00004/240.04 miSt Andrews Close, Canterbury2
£1,20003/240.04 mi141 Bingley Court, Canterbury, Kent, CT1 2SX2
£1,06205/240.04 mi-2
£1,40004/250.06 mi-2
£1,47003/240.11 miThe Rope Walk, Canterbury2
£1,35003/240.12 miCity Wall Avenue, The Old Tannery2
£1,15005/240.13 miGas Street, Canterbury, Kent, CT12
£1,40004/240.15 miTannery Square, CANTERBURY2
£1,15003/240.15 miCanterbury2
£1,25003/240.15 miTannery Square, Canterbury2
£1,20003/240.17 miBack Lane, Canterbury2
£1,20005/240.17 miCreine Mill Lane North, Canterbury, CT12
£1,00004/240.17 miCreine Mill Lane North, Canterbury2
£1,50003/240.17 miStour Street, Canterbury, Kent, CT12
£1,07502/240.18 mi-2
£1,30004/240.19 miGreat Stour Mews, The Old Tannery, Canterbury, Kent, CT12
£1,00003/240.2 miCreine Mill Lane North, Canterbury2
£1,95002/240.2 mi-2
£1,20003/240.2 miTannery Mews, Stour Street, Canterbury, Kent, CT12
£1,39505/240.21 miWaterside Apartments, Stour Street, Canterbury, CT12
£1,40003/240.21 miStour Street, Canterbury, Kent, CT12
£1,27504/240.21 mi-2
£1,27504/240.21 miCanterbury, Kent, CT12
£1,27503/240.21 miCastle Street, Canterbury, CT12
£1,10003/240.22 miVictory Court, 7 Gordon Road, Canterbury, CT12
£1,35001/250.22 mi-2
£1,35004/240.22 miOld Watling Street, CANTERBURY2
£1,05003/240.22 miSt Edmunds Road, Canterbury Ref - 0562
£1,30003/240.22 miHospital Lane, Canterbury2
£1,30003/240.22 miHospital Lane, Canterbury2
£1,30002/240.22 mi-2
£1,30001/250.22 mi-2
£1,40004/240.22 miSt. Edmunds Road,Canterbury,CT12
£2,00004/240.22 mi-2
£1,51703/250.22 mi-2
£1,50004/240.23 miLinen Court2
£1,65004/240.23 miStour Street, Canterbury2
£1,25003/240.26 miOld Watling Street, Canterbury2
£1,30003/240.27 miBlack Griffin Lane Canterbury CT12

Local Area Statistics

Population in ct1

29,688

Population in Canterbury

65,078

Town centre distance

1 miles away

Nearest school

0.30 miles away

Nearest train station

0.23 miles away

 

 

Rental demand

Tenant's market

Rental growth (12m)

+56%

Sales demand

Balanced market

Capital growth (5yrs)

+5%

Property History

Listed for £200,000

February 11, 2025

Floor Plans

Description

  • Spacious ground floor apartment in popular city centre development +
  • Great first time buy or investment property +
  • Tenants in situ until June 2025 with a rental income of £1200pcm +
  • Modern kitchen with white goods +
  • Spacious open plan living/dining area +
  • 2 double bedrooms with built in wardrobes & 1 with an en-suite shower room +
  • 2 parking spaces (1 allocated & 1 permit for visitors) +
  • 0.9 miles to Canterbury West train station with connection trains to London via HS1 +
  • Nearby city facilities including shops, restaurants & supermarkets +
  • Just 0.3 miles to Canterbury East train station +

Property Description: Guide Price: £200,000 - £210,000. This spacious ground floor apartment is located on the popular Bingley Court development just 0.3 miles from Canterbury's vibrant city centre and Canterbury East train station. Offered for sale with tenants in situ until the end of June 2025, this property would be a wonderful addition to an existing rental portfolio or to start your investor journey. The property currently achieves £1200pcm which equates to a 6.8% yield. Also ideal for an owner occupier as the property is being sold with vacant possession.

The bright, open plan living room has plenty of space for both a seating and dining area making it ideal for entertaining friends and family and opens into the modern kitchen. The kitchen has plenty of storage and worktop space and comes with an integrated oven and hob, a washing machine and a fridge freezer and a breakfast bar for more casual dining. There are two good size double bedrooms both with fitted wardrobes; the main bedroom has an ensuite shower room and completing the property is the family bathroom with a matching white suite.

Outside: There are picturesque river walks on your doorstep into the city or towards Chartham, as well as local green spaces including the Dane John Gardens and Westgate Gardens within walking distance. There is allocated parking for one car plus one visitors parking permit.

Location: Bingley Court is in an ideal location with Canterbury's characterful city centre almost on your door step. Canterbury has an array of shops and boutiques, along with fine dining and restaurants serving dishes from across the globe. To complete Canterbury’s unique experience, there are welcoming pubs, wine bars and the Marlowe Theatre is not only an iconic modern building, but it is now a prominent stop on the map for all new talent and existing productions. Canterbury is a city steeped in tradition; the stunning Cathedral dominating the skyline and the vast heritage and culture hidden in the original architecture. Canterbury East is a mere 0.3 miles walk away from the property and Canterbury West station is 0.9 miles walk, both stations have links into London and beyond. The high-speed service running from Canterbury West station takes you to St Pancras in under an hour.

Directions: SatNav - CT1 2SX /// What3Words - cubes.detail.commented

Council Tax: Current band: D (correct at the time of marketing) To check council tax rates for this property, please refer to the local authority website.

Local Authority: Canterbury City Council - . Kent County Council -

Services: Mains water, drainage and electricity. For broadband and mobile coverage, we advise you check your providers website or refer to an online checker.

Tenure: The property is leasehold and is sold with vacant possession upon completion. Lease end date 24/12/2131. Annual ground rent £312pa. Annual Service charge £2016. Parking permit allocation £76.8 pa.

Disclaimer: Sandersons and their clients state that these details are for general guidance only and accuracy cannot be guaranteed. They do not form any part of any contract. All measurements are approximate, and floor plans are for general indication only and are not measured accurate drawings. No guarantees are given with any mentioned planning permission or fitness for purpose. No appliances, equipment, fixture or fitting has been tested by us and items shown in photographs are not necessarily included. Buyers must satisfy themselves on all matters by inspection or through the conveyancing process.

Additional Property Notes: The property is of traditional construction and there is step free access to the front entrance. There is allocated parking for 1 car and visitor parking a short walk from the building.

Identity verification: Please note, Sandersons UK are obligated by law to undertake Anti Money Laundering (AML) Regulations checks on any purchaser who has an offer accepted on a property. We are required to use a specialist third party service to verify your identity. The cost of these checks is £60 inc.VAT per property and accepted offer. This is payable at the point an offer is accepted and our purchaser information form is completed, prior to issuing Memorandum of Sales to both parties respective conveyancing solicitors. Register for new listings before the portal launch: sandersonsuk.com/register

Agent Details

Sandersons, Canterbury

01227 532457

Next Steps?

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