3 Bed Flat, Single Let, Canterbury, CT1 3LP, £250,000

George Roche Road, Canterbury, Kent, CT1 3LP - 2 months ago

Leasehold
BTL
~93 m²
+4 photos

ValuationUndervalued

Sold Prices£165K - £750K
Sold Prices/m²£2.2K/m² - £8.5K/m²

 

 

Square Metres

~93 m²
Price/m²£2.7K/m²

Value Estimate

£274,773
BMV10%

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£62,500

Stamp Duty & Legal Fees

£16,200

Total Cash In

£78,700

 

 

Cash Out

 

Rent Range

£400 - £3,300

Rent Estimate

£450

Running Costs/mo

£891

Cashflow/mo

£-441

Cashflow/yr

£-5,295

Gross Yield

2%

Local Sold Prices

13 sold prices from £165K to £750K, average is £225K. £2.2K/m² to £8.5K/m², average is £3K/m².

PriceDateDistanceAddressBeds 
£210K04/210.26 mi40, Raymond Avenue, Canterbury, Kent CT1 3JZ3
£435K12/220.5 miThe Old Bakehouse, Wincheap, Canterbury, Kent CT1 3RS3
£220K04/210.61 mi45, St Andrews Close, Canterbury, Kent CT1 2RT3
£415K11/220.67 mi1, Great Stour Mews, Canterbury, Kent CT1 2FS3
£411K10/220.67 mi3, Great Stour Mews, Canterbury, Kent CT1 2FS3
£165K08/211 mi45, Warwick Road, Canterbury, Kent CT1 1RL3
£750K03/231.04 miFlat 12, Kirbys Heights, Station Road West, Canterbury, Kent CT2 8FB3
£440K10/221.05 miFlat 3, The Merchant Store, Station Road West, Canterbury, Kent CT2 8AN3
£195K11/221.78 mi25, Frencham Close, Canterbury, Kent CT2 7DS3
£178K07/231.78 mi125, Tennyson Avenue, Canterbury, Kent CT1 1ER3
£172K08/211.97 mi4, Nethersole Close, Canterbury, Kent CT2 7DP3
£415K10/202.33 mi6, Canterbury Hill, Tyler Hill, Canterbury, Kent CT2 9LS3
£225K12/222.71 mi17, Ainsley Way, Chartham, Canterbury, Kent CT4 7UA3

Local Rents

49 rents from £400/mo to £3.3K/mo, average is £1.5K/mo.

RentDateDistanceAddressBeds 
£1,50003/240.01 miGeorge Roche Road3
£3,30004/250.02 mi-3
£1,55004/250.21 mi-3
£1,55003/240.25 miLesley Avenue, Canterbury3
£1,59504/240.26 miNorman Road, Canterbury3
£1,35003/240.32 miLansdown Road, Canterbury3
£1,45004/240.34 miLansdown Road, Canterbury3
£1,49503/240.34 miMartyrs Field Road , Canterbury 3
£1,50004/240.34 miMartyrs Field Road, Canterbury3
£2,35002/240.34 mi-3
£2,35004/240.34 mi-3
£2,29505/240.34 mi-3
£1,79504/250.34 mi-3
£57503/240.34 mi6 Lansdown Road, Canterbury3
£1,49503/240.36 miMartyrs Field Road, Canterbury3
£1,60004/250.37 mi-3
£1,35004/240.39 miClaremont Place, Canterbury, CT13
£1,35004/240.39 mi-3
£2,80003/250.4 mi-3
£2,80004/250.4 mi-3
£1,25005/240.41 miHenry Court, Canterbury3
£57503/240.43 mi3 Bedroom Student Home - CCCU3
£1,30003/240.46 miYork Road, Canterbury3
£1,35004/240.46 miNew Street Canterbury CT13
£1,35005/240.46 miNew Street Canterbury CT13
£1,60003/240.47 miYork Road, Canterbury Ref - 12103
£1,50004/240.47 miMillers Yard, Canterbury3
£1,75003/240.48 mi-3
£1,75004/240.48 miYork Road, Canterbury, CT13
£1,20005/240.49 miWincheap, Canterbury3
£1,20005/240.49 miWincheap, Canterbury3
£41003/240.5 miWincheap, Canterbury3
£40003/240.52 miValley Road, Canterbury, CT1 3SP3
£1,40005/240.52 miSeymour Place, Canterbury3
£45003/240.52 miValley Road, Canterbury, CT1 3SP3
£1,49503/240.54 miWincheap, Canterbury, Kent, CT13
£1,65003/240.55 miNackington Road, Canterbury3
£1,59002/240.56 mi-3
£1,53002/240.56 mi-3
£1,30012/240.56 mi-3
£1,25001/250.56 mi-3
£1,29002/250.56 mi-3
£1,80004/240.59 miCastle Street, Canterbury - Ref 12033
£1,85004/250.6 mi-3
£1,50004/240.6 miBingley Court, Canterbury3
£1,50003/240.61 miSt Andrew`s Close, Canterbury3
£1,50003/240.61 miSt Andrew`s Close, Canterbury3
£1,50004/240.61 miSt Andrews Close, Canterbury3
£1,60003/240.61 miCanterbury3

Local Area Statistics

Population in ct1

29,688

Population in Canterbury

65,078

Town centre distance

1.28 miles away

Nearest school

0.10 miles away

Nearest train station

0.43 miles away

 

 

Rental demand

Tenant's market

Rental growth (12m)

+56%

Sales demand

Balanced market

Capital growth (5yrs)

+5%

Property History

Listed for £250,000

February 26, 2025

Floor Plans

Description

  • Three bedroom good sized first floor apartment +
  • Good sized open plan lounge with kitchen and dining area +
  • Main bedroom has a en-suite shower room +
  • Two further bedrooms +
  • Allocated parking for one car +
  • Located in the popular South side of the City . +
  • Close to the main hospital and also walkable into the city +
  • Excellent first time purchase, and also offers a generous return for a investment +
  • No chain above +

Introducing a remarkable 3-bedroom, first floor apartment located in the highly sought-after South side of Canterbury. Situated on the first floor, this apartment boasts generous proportions throughout, making it an excellent choice for a first-time buyer or a savvy investor looking for a lucrative return.

Step inside, and you'll be greeted by a Good sized open plan lounge, seamlessly flowing into the kitchen and dining area. This spacious layout not only optimizes natural light but also creates a warm and inviting atmosphere for entertaining friends and family. With its contemporary design and stylish finishes, the kitchen is well-equipped, offering ample storage space and modern appliances.

Offering a peaceful retreat, the main bedroom features an en-suite shower room, ensuring maximum convenience and privacy. Two further bedrooms provide an abundance of space, perfect for a growing family or accommodating guests. The entire apartment is thoughtfully designed to maximize comfort and functionality, with every detail carefully planned.

Worried about parking in the City? Worry no more! This property comes with an allocated parking space for one car, eliminating the stress of finding a parking spot after a long day at work or exploring the bustling streets of Canterbury. No more circling the block or paying for expensive parking permits!

Location is key, and this apartment is perfectly situated for both work and play. Within close proximity to the main hospital, healthcare professionals will appreciate the short commute, ensuring a healthy work-life balance. Additionally, the City center is easily within walking distance, allowing for quick and convenient access to a wide array of amenities, including shops, restaurants, leisure facilities, and entertainment options.

Whether you're a first-time buyer or an experienced investor, this property offers exceptional value. For first-time buyers, it presents an excellent opportunity to step onto the property ladder in a desirable location. With its generous return potential, investors can rest assured knowing that a sound financial decision has been made.

Finally, it's worth noting that this property is offered with no chain above, streamlining the buying process and making your journey to ownership that much smoother. Don't wait too long, as opportunities like this are rare. Contact us today to arrange a viewing and secure your dream apartment in Canterbury's thriving property market.

LOUNGE/DINING ROOM. 6.5m x 5.3m max. ( 21’3 x 17’3) BEDROOM ONE. 4.5m x 2.9m. ( 14’7 x 9’3) ENSUITE BEDROOM TWO. 5.0m x 3.1m. (16’4 x 10’8 ) BEDROOM THREE. 3.3m x 2.0m. ( 10’8 x 6.5’) BATHROOM

Lease information (To be confirmed with your conveyancer) Lease Length - 104 years remaining Service charge + Reserve fund - £3223.60 per annum Ground rent - £150 per annum

Agent Details

Regal Estates, Canterbury

01227 763888

Next Steps?

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