Potential 4-Bed HMO, Canterbury, CT1 1UJ, £325,000

Albert Road, Canterbury, CT1 1UJ - 3 views - a month ago

HMO
ROI: 4%
~93 m²
+6 photos

ValuationUndervalued

Sold Prices£209K - £660K
Sold Prices/m²£2.9K/m² - £6.2K/m²

 

 

Square Metres

~93 m²
Price/m²£3.5K/m²

Value Estimate

£381,561
BMV17%

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£81,250

Stamp Duty & Legal Fees

£21,200

Total Cash In

£102,450

 

 

Cash Out

 

Room Rate

£589

Gross Rent

£2,356

Running Costs/mo

£1,996

Cashflow/mo

£360

Cashflow/yr

£4,326

ROI

4%

Gross Yield

9%

Local Sold Prices

50 sold prices from £209K to £660K, average is £367.6K. £2.9K/m² to £6.2K/m², average is £4.1K/m².

PriceDateDistanceAddressBeds 
£305K05/210 mi21, Albert Road, Canterbury, Kent CT1 1UJ3
£310K07/230.05 mi12, Edward Road, Canterbury, Kent CT1 1UH3
£330K06/210.14 mi7, Love Lane, Canterbury, Kent CT1 1TZ3
£465K06/210.23 mi14, Vernon Place, Canterbury, Kent CT1 3HG3
£630K03/210.24 mi12, Oaten Hill Place, Canterbury, Kent CT1 3HJ3
£290K06/210.24 mi7, Pretoria Road, Canterbury, Kent CT1 1QL3
£307.5K11/210.28 mi6, St Martins Road, Canterbury, Kent CT1 1QW3
£270K01/210.28 mi5, St Martins Road, Canterbury, Kent CT1 1QW3
£275K02/210.28 mi9, St Martins Road, Canterbury, Kent CT1 1QW3
£290K06/210.28 mi7, Pretoria Road, Canterbury, Kent CT1 1QL3
£380K09/210.28 mi40, Broad Street, Canterbury, Kent CT1 2LR3
£520K08/220.28 mi21, Stanmore Court, Canterbury, Kent CT1 3DS3
£230K09/210.31 mi47, Edgar Road, Canterbury, Kent CT1 1NS3
£260K02/210.32 mi19, College Road, Canterbury, Kent CT1 1QX3
£365K03/210.34 mi50, St Martins Road, Canterbury, Kent CT1 1QP3
£385K10/220.34 mi52, St Martins Road, Canterbury, Kent CT1 1QP3
£250K07/230.36 mi95, Broad Street, Canterbury, Kent CT1 2LU3
£215K12/200.36 mi15, Querns Road, Canterbury, Kent CT1 1PX3
£365.1K02/210.36 mi64, St Martins Hill, Canterbury, Kent CT1 1PS3
£209K01/210.36 mi46, Querns Road, Canterbury, Kent CT1 1PZ3
£307K06/210.36 mi3, Windmill Close, Canterbury, Kent CT1 1PT3
£480K11/220.37 mi1, Randolph Close, Canterbury, Kent CT1 3AZ3
£370K12/200.37 mi27, Rochester Avenue, Canterbury, Kent CT1 3YE3
£525K07/220.37 mi22, Rochester Avenue, Canterbury, Kent CT1 3YE3
£283K11/200.37 mi54, Lansdown Road, Canterbury, Kent CT1 3JP3
£304K03/210.37 mi32, Lansdown Road, Canterbury, Kent CT1 3JP3
£345K06/230.4 mi69, Broad Street, Canterbury, Kent CT1 2LS3
£267.5K09/210.4 mi52, Broad Street, Canterbury, Kent CT1 2LS3
£410K03/210.42 mi2, Kings Park, Canterbury, Kent CT1 1QH3
£237.5K12/200.42 mi12, Craddock Road, Canterbury, Kent CT1 1YP3
£268K05/210.42 mi4, Craddock Road, Canterbury, Kent CT1 1YP3
£250K08/230.42 mi13, Craddock Road, Canterbury, Kent CT1 1YP3
£460K11/220.43 mi2, Norman Road, Canterbury, Kent CT1 3LX3
£390K10/200.44 mi8, Wells Avenue, Canterbury, Kent CT1 3YB3
£425K01/210.45 mi27, Norman Road, Canterbury, Kent CT1 3LX3
£430K04/210.45 mi32, Norman Road, Canterbury, Kent CT1 3LX3
£408K04/210.45 mi25, Puckle Lane, Canterbury, Kent CT1 3LA3
£350K12/220.45 mi5, Turnagain Lane, Canterbury, Kent CT1 2ED3
£242K01/210.45 mi3, Nonsuch Close, Canterbury, Kent CT1 1FE3
£446.5K01/230.45 mi2, Martindale Close, Canterbury, Kent CT1 3LT3
£520K11/200.46 mi23, Puckle Lane, Canterbury, Kent CT1 3LA3
£640K10/220.46 mi2, Turnagain Lane, Canterbury, Kent CT1 2ED3
£500K06/210.47 mi3, Byron Close, Canterbury, Kent CT1 1XN3
£610K01/210.49 mi3, Best Lane, Canterbury, Kent CT1 2JB3
£450K09/220.49 mi123, Old Dover Road, Canterbury, Kent CT1 3NX3
£450K03/210.49 mi8, Best Lane, Canterbury, Kent CT1 2JB3
£593K03/210.5 mi14, St Marys Street, Canterbury, Kent CT1 2QL3
£660K05/210.5 mi13, St Marys Street, Canterbury, Kent CT1 2QL3
£450K12/200.51 mi2, Lesley Avenue, Canterbury, Kent CT1 3LF3
£410K03/210.52 mi12, St Lawrence Road, Canterbury, Kent CT1 3EY3

Local Area Statistics

Population in ct1

29,688

Population in Canterbury

65,078

Town centre distance

0.70 miles away

Nearest school

0.10 miles away

Nearest train station

0.59 miles away

 

 

Rental demand

Tenant's market

Rental growth (12m)

+56%

Sales demand

Balanced market

Capital growth (5yrs)

+5%

Property History

Listed for £325,000

March 20, 2025

Floor Plans

Description

A handsome two/three bedroom Edwardian semi-detached house, currently being used as a three bedroom HMO and offered to the market with no onward chain. The property is let until June 2025 so would make an ideal ongoing investment whilst also appealing to owner-occupiers. The accommodation is very well presented and has a light, modern feel whilst retaining some lovely period features including sash windows, original cornicing, fireplaces and fitted cupboards. Downstairs has a large entrance hall, a good size living room with bay window, a dining room (currently being used as a third bedroom), a kitchen and utilty room, whereas upstairs are two further double bedrooms and a bathroom. There is on-street parking in front of the house available on a residents' permit basis and to the rear is a low-maintenance garden mainly laid to paving.

Council Tax band C

Agent Details

Godwin Curtis Ltd, Canterbury

01227 203903

Next Steps?

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