4 Bed HMO, Canterbury, CT2 7RP, £350,000

Rushmead Close, Canterbury, CT2 7RP - a month ago

HMO
~98 m²
+5 photos

ValuationUndervalued

Sold Prices£230K - £1.8M
Sold Prices/m²£2.8K/m² - £6.4K/m²

 

 

Square Metres

~98.30 m²
Price/m²£3.6K/m²

Value Estimate

£373,013
BMV7%

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£87,500

Stamp Duty & Legal Fees

£26,200

Total Cash In

£113,700

 

 

Cash Out

 

Room Rate

£435

Gross Rent

£1,740

Running Costs/mo

£1,946

Cashflow/mo

£-206

Cashflow/yr

£-2,471

Gross Yield

6%

Local Sold Prices

50 sold prices from £230K to £1.8M, average is £465K. £2.8K/m² to £6.4K/m², average is £3.7K/m².

PriceDateDistanceAddressBeds 
£1.1M01/210.12 mi46, Harkness Drive, Canterbury, Kent CT2 7RW4
£514K12/200.16 mi4, Westgate Court Avenue, Canterbury, Kent CT2 8DW4
£460.5K04/210.2 mi74, Salisbury Road, Canterbury, Kent CT2 7HH4
£515K12/220.24 mi65, Mandeville Road, Canterbury, Kent CT2 7HD4
£665K12/220.24 mi6, Cherry Garden Road, Canterbury, Kent CT2 8EL4
£440K10/210.25 mi6, Roseacre Close, Canterbury, Kent CT2 7HN4
£800K12/220.26 mi10, London Road, Canterbury, Kent CT2 8LR4
£632K07/230.26 mi3, Cherry Garden Road, Canterbury, Kent CT2 8EL4
£465K02/210.28 mi5, Cadnam Close, Canterbury, Kent CT2 7SD4
£665K06/230.29 mi2, Mandeville Road, Canterbury, Kent CT2 7HB4
£484K04/210.29 mi1, Mandeville Road, Canterbury, Kent CT2 7HB4
£450K05/210.3 mi23, Cherry Garden Road, Canterbury, Kent CT2 8EP4
£1.2M01/230.32 mi15, Temple Road, Canterbury, Kent CT2 8JD4
£533K07/230.32 mi21, Cherry Avenue, Canterbury, Kent CT2 8EN4
£425K01/210.33 mi18, Roper Road, Canterbury, Kent CT2 7EG4
£470K02/230.34 mi9, Roper Road, Canterbury, Kent CT2 7EH4
£590K03/210.34 mi3, Roper Road, Canterbury, Kent CT2 7EH4
£620K02/230.37 mi8, Orchard Street, Canterbury, Kent CT2 8AP4
£315K12/220.39 mi90, Bishops Way, Canterbury, Kent CT2 8DU4
£425K12/220.42 mi43a, Station Road West, Canterbury, Kent CT2 8AN4
£380K05/210.42 mi64, Station Road West, Canterbury, Kent CT2 8AN4
£360K11/200.42 mi66, Station Road West, Canterbury, Kent CT2 8AN4
£310K12/220.43 miPenthouse, Hilltop House, Glen Iris Avenue, Canterbury, Kent CT2 8HP4
£532.5K03/230.43 mi15, Glen Iris Avenue, Canterbury, Kent CT2 8HP4
£290K09/210.44 mi12, Mead Way, Canterbury, Kent CT2 8BB4
£465K01/210.44 mi45, Kirbys Lane, Canterbury, Kent CT2 8AG4
£355K09/210.45 mi1, The Spires, Canterbury, Kent CT2 8SD4
£379K04/210.46 mi27, Orient Place, Canterbury, Kent CT2 8AW4
£480K02/210.47 mi54, Hillside Avenue, Canterbury, Kent CT2 8HA4
£535K10/220.48 mi69, Hillside Avenue, Canterbury, Kent CT2 8HA4
£385K10/220.49 mi46, Westgate Close, Canterbury, Kent CT2 8JH4
£540K11/200.49 mi7b, North Lane, Canterbury, Kent CT2 7EB4
£1.8M06/210.5 mi14, Westgate Grove, Canterbury, Kent CT2 8AA4
£245K09/210.54 mi4, Prioress Road, Harbledown, Canterbury, Kent CT2 8NX4
£245K07/210.57 mi49, Miller Avenue, Harbledown, Canterbury, Kent CT2 8NY4
£430K12/200.58 mi27, St Stephens Road, Canterbury, Kent CT2 7JD4
£750K03/210.58 mi4, Summer Hill, Harbledown, Canterbury, Kent CT2 8NH4
£970K06/210.59 miBlackman House, 6a, St Peters Lane, Canterbury, Kent CT1 2BP4
£260K02/210.64 mi42, St Peters Grove, Canterbury, Kent CT1 2DJ4
£230K08/210.64 mi31, Shipman Avenue, Harbledown, Canterbury, Kent CT2 8PD4
£560K08/210.64 mi8, Blackfriars Street, Canterbury, Kent CT1 2AP4
£600K01/230.67 mi5, Monks Close, Canterbury, Kent CT2 7ET4
£600K01/230.68 mi4, Abbots Place, Canterbury, Kent CT1 2AH4
£275K10/210.68 mi76, Shipman Avenue, Harbledown, Canterbury, Kent CT2 8PE4
£670K03/230.69 mi20, Best Lane, Canterbury, Kent CT1 2JB4
£255K08/210.69 mi19, Squire Avenue, Harbledown, Canterbury, Kent CT2 8PF4
£278K06/230.69 mi36, Squire Avenue, Harbledown, Canterbury, Kent CT2 8PF4
£250K05/210.7 mi11, Downs Road, Canterbury, Kent CT2 7AY4
£315K10/220.71 mi9, Downs Road, Canterbury, Kent CT2 7AY4
£445K04/210.72 miMalverns, Market Way, Canterbury, Kent CT2 7JG4

Local Area Statistics

Population in ct2

31,022

Population in Canterbury

65,078

Town centre distance

0.82 miles away

Nearest school

0.50 miles away

Nearest train station

0.39 miles away

 

 

Rental demand

Tenant's market

Rental growth (12m)

+59%

Sales demand

Buyer's market

Capital growth (5yrs)

+12%

Property History

Listed for £350,000

March 14, 2025

Floor Plans

Description

  • Ideal Investment Opportunity or Family Home +
  • Chain Free +
  • Let Until June 2025 +
  • Three Good Size Bedrooms +
  • Perfect Location Close to the City Centre & UKC +
  • Free Off Road Parking +
  • Enclosed Rear Garden +

Abode Sales & Lettings are delighted to offer this IDEAL INVESTMENT OPPORTUNITY or FAMILY HOME to the market, situated in one of the most desirable areas of the City, and a prime location for UKC students.

Rushmead Close is in a quiet residential area just a short walk from St Dunstans, Canterbury West Train station and the City Centre, but with the added benefit of being of being just a 5 minute walk from University of Kent grounds, so the perfect catchment area for renting to students or professionals alike.

The property is offered CHAIN FREE, and is situated mid terrace with plentiful on street free parking and an enclosed rear garden.

The front door opens into a hallway with cloakroom, which then leads into the open plan dining room and living room, which have been extended to provide a spacious living space. The kitchen leads from the dining room and contains a modern suite of wall and base units. There is one double bedroom downstairs to the front of the property. The well maintained and enclosed rear garden is accessed via patio doors from the living room.

Upstairs there are a further two double bedrooms, one single bedrooms, and main bathroom with large shower.

The property has been successfully rented to students for many years and has HMO status. It is currently let until June 2025, achieving a rent of £1740pcm.

Agent Details

Abode Sales & Lettings, Canterbury

01227 647090

Next Steps?

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