3 Bed Semi-Detached House, Refurb/BRRR, Canterbury, CT3 4HJ, £225,000

North View, Hersden, CT3 4HJ - 2 views - 2 months ago

Auction
Refurb/BRRR
ROI: 3%
~93 m²
+12 photos

ValuationUndervalued

Sold Prices£138.5K - £790K
Sold Prices/m²£1.4K/m² - £4.4K/m²

 

 

Square Metres

~93 m²
Price/m²£2.4K/m²

Value Estimate

£257,500
BMV3%

 

 

End Value (After Refurb)

£283,080

Uplift in Value

+13%

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£56,250

Stamp Duty & Legal Fees

£8,700

Refurb Costs

£44,000

Bridging Loan Interest

£5,906

Total Cash In

£116,606

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£283,080

Mortgage (After Refinance)

£212,310

Mortgage LTV

75%

Cash Released

£43,560

Cash Left In

£73,046

Equity

£70,770

Rent Range

£725 - £3,395

Rent Estimate

£1,545

Running Costs/mo

£1,214

Cashflow/mo

£331

Cashflow/yr

£3,977

ROI

3%

Gross Yield

8%

Local Sold Prices

36 sold prices from £138.5K to £790K, average is £302.5K. £1.4K/m² to £4.4K/m², average is £3.3K/m².

PriceDateDistanceAddressBeds 
£275K08/210.11 mi10, The Poplars, Hersden, Canterbury, Kent CT3 4EZ3
£265K02/230.13 mi1, The Avenue, Hersden, Canterbury, Kent CT3 4HL3
£284K10/200.23 mi24, South View, Hersden, Canterbury, Kent CT3 4EY3
£295K04/210.23 mi27, South View, Hersden, Canterbury, Kent CT3 4EY3
£330K11/220.23 mi17, South View, Hersden, Canterbury, Kent CT3 4EY3
£138.5K03/210.24 mi30, The Avenue, Hersden, Canterbury, Kent CT3 4HR3
£305K04/210.25 mi2, Ash Crescent, Hersden, Canterbury, Kent CT3 4HU3
£290K12/200.38 mi20, The Sycamores, Hersden, Canterbury, Kent CT3 4JA3
£285K10/210.46 mi34, Larch Close, Hersden, Canterbury, Kent CT3 4GE3
£310K03/210.89 mi15, Blengate Close, Westbere, Canterbury, Kent CT2 0FE3
£320K10/211.06 mi18, Walnut Tree Lane, Westbere, Canterbury, Kent CT2 0HG3
£285.5K06/211.19 mi7, Barn Close, Hoath, Canterbury, Kent CT3 4JU3
£790K09/221.2 mi1, Church Lane, Westbere, Canterbury, Kent CT2 0HA3
£315K10/201.26 mi1, The Row, Hoath, Canterbury, Kent CT3 4LA3
£370K03/231.26 mi1, The Row, Hoath, Canterbury, Kent CT3 4LA3
£300K12/201.38 miCopperfield, Redcot Lane, Sturry, Canterbury, Kent CT2 0ES3
£277.5K03/211.38 mi9, Hollow Street, Chislet, Canterbury, Kent CT3 4DS3
£310K02/211.39 mi13, Stour Valley Close, Upstreet, Canterbury, Kent CT3 4DB3
£350K07/211.44 mi41, Staines Hill, Sturry, Canterbury, Kent CT2 0ER3
£290K10/221.56 mi9, St Marys Gardens, Upstreet, Canterbury, Kent CT3 4DJ3
£330K03/211.59 mi1, Old Tree Road, Hoath, Canterbury, Kent CT3 4LH3
£495K02/231.59 mi2, Old Tree Road, Hoath, Canterbury, Kent CT3 4LH3
£350K05/211.59 mi39, Oakwood Road, Sturry, Canterbury, Kent CT2 0LU3
£280K12/201.73 mi22, Chestnut Drive, Sturry, Canterbury, Kent CT2 0NB3
£260K03/231.73 mi45, Chestnut Drive, Sturry, Canterbury, Kent CT2 0NB3
£377.5K11/221.74 mi10, Whatmer Close, Sturry, Canterbury, Kent CT2 0JJ3
£290K11/201.8 mi87, Cedar Road, Sturry, Canterbury, Kent CT2 0JG3
£290K06/231.8 mi67, Cedar Road, Sturry, Canterbury, Kent CT2 0JG3
£282K04/211.83 mi7, Twyne Close, Sturry, Canterbury, Kent CT2 0JW3
£320K10/221.85 mi4, Homewood Road, Sturry, Canterbury, Kent CT2 0JP3
£260K07/211.85 mi11, Homewood Road, Sturry, Canterbury, Kent CT2 0JP3
£325K01/211.89 mi9, Bournes Close, Sturry, Canterbury, Kent CT2 0LH3
£322K11/221.97 mi19, Cedar Road, Sturry, Canterbury, Kent CT2 0HZ3
£259K11/201.97 mi18, Cedar Road, Sturry, Canterbury, Kent CT2 0HY3
£360K02/211.97 mi9, Hudson Close, Sturry, Canterbury, Kent CT2 0HX3
£315K11/221.97 mi4, Hudson Close, Sturry, Canterbury, Kent CT2 0HX3

Local Rents

51 rents from £725/mo to £3.4K/mo, average is £1.4K/mo.

RentDateDistanceAddressBeds 
£1,45012/240.14 miThe Avenue, Hersden, CT33
£1,40010/230.19 mi-3
£1,30011/230.19 mi-3
£1,30011/230.19 mi-3
£80004/250.21 mi-1
£77506/240.22 mi-1
£82512/240.22 miSt. Albans Road, Hersden, Canterbury, CT31
£77507/240.22 mi-1
£82911/230.22 mi-1
£1,30010/230.27 mi-2
£1,37512/240.46 mi36 Larch Close, Hersden, Canterbury, Kent,4
£1,55012/240.58 miBlackthorn Road, Hersden, Canterbury, Kent, CT3 4GA3
£1,80001/240.61 mi-4
£1,50012/241.06 miIsland Road, Upstreet, Canterbury, Kent, CT33
£1,55003/251.18 mi-2
£1,20008/241.24 mi-2
£1,50005/241.24 mi-3
£1,60012/241.25 miHoath, Canterbury, CT34
£1,25012/241.29 miStodmarsh, Canterbury, Kent, CT31
£1,20011/241.34 mi-2
£2,00004/241.66 mi-4
£1,40012/241.72 miUpstreet3
£1,30003/241.8 miFairview Gardens, Sturry, CT23
£1,30003/241.86 miFairview Gardens, Sturry, Canterbury, Kent, CT23
£97502/242.04 mi-2
£72505/242.04 mi-1
£2,20005/232.06 mi-4
£85003/242.07 miIsland Road, Sturry, CT21
£1,00004/242.1 miPark View, Sturry, CANTERBURY2
£2,00003/252.16 mi-4
£2,40011/242.17 mi-3
£2,20003/252.19 mi-3
£1,15003/242.19 miSturry Hill, Canterbury2
£86003/242.19 miSturry, Canterbury1
£86004/242.19 miSturry, Canterbury1
£3,39505/242.22 mi-3
£3,20001/252.22 mi-3
£3,20003/252.22 mi-3
£3,15003/252.22 mi-3
£3,15004/252.22 mi-3
£1,45003/242.23 miHigh Street, Sturry3
£1,25003/242.24 miFordwich Road, Sturry, Canterbury, CT22
£1,25003/242.24 mi-2
£1,15005/242.26 miFordwich Road, Sturry, Canterbury2
£1,20003/242.26 miHigh Street, Sturry, CT22
£1,35012/242.28 mi-3
£1,65012/242.33 mi-2
£1,45004/242.36 mi3 bedroom End of Terrace House in Fox Lane, Sturry3
£1,60004/242.36 mi3 bedroom Semi Detached House in Fox Lane, Sturry3
£1,85004/242.36 mi4 bedroom Detached House in Fox Lane, Sturry4
£1,45012/242.36 mi3 bedroom property in Fox Lane, Sturry3

Local Area Statistics

Population in ct3

17,465

Population in Canterbury

65,078

Town centre distance

4 miles away

Nearest school

0.30 miles away

Nearest train station

2.20 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

-9%

Sales demand

Buyer's market

Capital growth (5yrs)

+11%

Property History

Price changed to £225,000

March 4, 2025

Listed for £250,000

February 19, 2025

Floor Plans

Description

  • For Sale by Modern Auction T & C’s apply +
  • Subject to Reserve Price +
  • Buyers fees apply +
  • The Modern Method of Auction +
  • Three Bedroom Semi Detached +
  • Large Rear Garden +
  • Located On A Quiet No Through Road +
  • Short Drive To Canterbury City Centre +

For sale by Modern Method of Auction; Starting Bid Price £250,000 plus Reservation Fee. Set on a quiet no-through road, this three-bedroom semi-detached property is now available for sale via Modern Auction T & C's apply. The property is subject to reserve price and buyers' fees apply. Offering a spacious living environment, downstairs comprises a living room, dining room, and kitchen, while upstairs, there are three bedrooms and a family bathroom. This property presents an excellent opportunity for those looking to put their own stamp on a home, as it requires some modernisation. Located just a short drive from Canterbury City Centre, residents can enjoy the convenience of urban amenities while still benefiting from a peaceful residential setting. Boasting a large rear garden, this property provides ample outdoor space for families or garden enthusiasts to enjoy. Whether it's creating an outdoor oasis for relaxation and entertainment or exploring landscaping possibilities, the generous garden area offers endless potential. With the opportunity to customise and enhance this outdoor space, the property caters to those seeking a harmonious blend of indoor comfort and outdoor tranquillity. Don't miss the chance to make this property your own and transform the expansive garden into your personal sanctuary. This property has had no adaptions for accessibility. Auctioneer Comments: This property is for sale by Modern Method of Auction allowing the buyer and seller to complete within a 56 Day Reservation Period. Interested parties’ personal data will be shared with the Auctioneer (iamsold Ltd). If considering a mortgage, inspect and consider the property carefully with your lender before bidding. A Buyer Information Pack is provided. The buyer will pay £300 inc VAT for this pack which you must view before bidding. The buyer signs a Reservation Agreement and makes payment of a Non-Refundable Reservation Fee of 4.5% of the purchase price inc VAT, subject to a minimum of £7,080 inc VAT. This Fee is paid to reserve the property to the buyer during the Reservation Period and is paid in addition to the purchase price. The Fee is considered within calculations for stamp duty. Services may be recommended by the Agent/Auctioneer in which they will receive payment from the service provider if the service is taken. Payment varies but will be no more than £450. These services are optional. Location Summary Hersden is a village east of Canterbury in Kent, South East England. It was established as a planned coalmining village in the 1920s and is on the A28 road between Canterbury and the Isle of Thanet. Work in the Kent Coalfield was the main source of employment in the village until the closure of the Kent colliery in the 1980s. The parish was formed on 1 April 2019 from parts of Sturry, Chislet and Westbere. The Ashford to Ramsgate railway line runs through the parish to the south of the village. This formerly served the colliery and a station, Chislet Colliery Halt railway station, operated between 1919 and 1971. Village facilities include a village hall, which houses a social club, the former Anglican and Methodist church, which is now a community centre, and St Dunstan Roman Catholic church which opened in 1935. The village has a primary school and a doctors surgery. Sports facilities include a bowls club and a BMX track. Canterbury Industrial Park is located to the west of the village on the site of spoil heap associated with the colliery. With the “Hoplands” estate, there will be a new primary school, a Co-Op, a Harvester, a pharmacy, a community square, a Canterbury College Centre, a dentist, and some business parks. Entrance Leading to Dining Room (2.71m x 3.81m) Kitchen (2.1m x 4.76m) Lounge (3.65m x 4.81m) First Floor Leading to Bedroom (3.32m x 4.82m) Bathroom (1.48m x 2.7m) Bedroom (2.1m x 2.8m) Bedroom (2.71m x 3.81m) Parking - Driveway

Agent Details

Miles & Barr, Canterbury

01227 532461

Next Steps?

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