2 Bed Flat, Single Let, Canterbury, CT1 2SW, £200,000

Bingley Court, Canterbury, CT1 2SW - 4 views - a year ago

Leasehold
BTL
ROI: 5%
~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

£233,658
BMV17%

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£50,000

Stamp Duty & Legal Fees

£7,200

Total Cash In

£57,200

 

 

Cash Out

 

Rent Range

£992 - £2,200

Rent Estimate

£1,100

Running Costs/mo

£865

Cashflow/mo

£235

Cashflow/yr

£2,820

ROI

5%

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 £3.5K/m².

PriceDateDistanceAddressBeds 
£220K05/210 mi78, Bingley Court, Canterbury, Kent CT1 2SW2
£230K05/210 mi66, Bingley Court, Canterbury, Kent CT1 2SW2
£230K03/210 mi70, Bingley Court, Canterbury, Kent CT1 2SW2
£230K07/230 mi73, Bingley Court, Canterbury, Kent CT1 2SW2
£235K01/230.01 mi65, Bingley Court, Canterbury, Kent CT1 2SW2
£230K01/230.05 mi47, St Andrews Close, Canterbury, Kent CT1 2RT2
£190K06/210.05 mi54, St Andrews Close, Canterbury, Kent CT1 2RT2
£217.5K11/200.05 mi62, St Andrews Close, Canterbury, Kent CT1 2RT2
£220K04/210.05 mi49, St Andrews Close, Canterbury, Kent CT1 2RT2
£310K12/210.11 mi44, The Rope Walk, Canterbury, Kent CT1 2FY2
£229.9K11/210.11 mi14, The Rope Walk, Canterbury, Kent CT1 2FY2
£235K10/220.17 mi22, Castle Row, Canterbury, Kent CT1 2QY2
£230K06/210.21 mi17, Old Watling Street, Canterbury, Kent CT1 2DX2
£320K09/210.21 mi60, Old Watling Street, Canterbury, Kent CT1 2DX2
£295K12/200.21 mi62, Old Watling Street, Canterbury, Kent CT1 2DX2
£255K04/230.21 mi48, Old Watling Street, Canterbury, Kent CT1 2DX2
£215K11/200.22 mi15, Old Watling Street, Canterbury, Kent CT1 2DX2
£290K08/230.26 miFlat 16, Stour Court, Stour Street, Canterbury, Kent CT1 2PG2
£280K06/210.44 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
£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
£235K09/210.5 mi7, Westerly Mews, Canterbury, Kent CT2 8AQ2
£227.5K05/230.53 mi14, Carriage Mews, Canterbury, Kent CT2 8AL2
£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
£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
£168K03/210.58 mi18, City View, Harbledown, Canterbury, Kent CT2 8PT2
£227.5K06/230.59 mi1, Rheims Court, Canterbury, Kent CT2 8LB2
£200K11/200.6 miFlat 20, Deans Mill Court, The Causeway, Canterbury, Kent CT1 2BF2
£200K08/210.6 miFlat 6, Deans Mill Court, The Causeway, Canterbury, Kent CT1 2BF2
£180K10/200.6 mi28, Homersham, Canterbury, Kent CT1 3RG2
£260K01/230.6 mi16, Homersham, Canterbury, Kent CT1 3RG2
£205K02/230.61 mi35, Mill Lane, Harbledown, Canterbury, Kent CT2 8NE2
£170K01/230.61 miFlat 43, Deans Mill Court, The Causeway, Canterbury, Kent CT1 2BF2
£245K02/210.61 mi20, Orient Place, Canterbury, Kent CT2 8AW2
£287.5K11/220.61 mi42, Orient Place, Canterbury, Kent CT2 8AW2
£210K05/230.62 mi12, Sullivan Close, Canterbury, Kent CT1 3TF2
£140K12/210.62 mi85, George Roche Road, Canterbury, Kent CT1 3FF2
£215.1K06/210.64 mi16, Scott Avenue, Canterbury, Kent CT1 3RN2
£160K10/220.65 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
£225K02/210.68 mi52, Raymond Avenue, Canterbury, Kent CT1 3JZ2
£225K02/210.68 mi52, Raymond Avenue, Canterbury, Kent CT1 3JZ2

Local Rents

50 rents from £992/mo to £2.2K/mo, average is £1.3K/mo.

RentDateDistanceAddressBeds 
£1,35003/240 miBingley Court, Canterbury2
£1,40003/240 miBingley Court2
£1,27504/240.02 miBingley Court, Canterbury, CT12
£1,30003/240.04 miBingley Court, Canterbury2
£1,40003/240.04 miBingley Court, Canterbury2
£1,20003/240.04 miBingley Court, CANTERBURY2
£99202/250.04 mi-2
£1,06205/240.05 mi-2
£1,40003/240.05 miSt Andrew's Close, Canterbury2
£1,30003/240.05 miBingley Court, Canterbury2
£1,20003/240.05 miSt Andrews Close, CANTERBURY2
£1,32504/240.05 miSt. Andrews Close2
£1,00004/240.05 miSt Andrews Close, Canterbury2
£1,20003/240.07 mi141 Bingley Court, Canterbury, Kent, CT1 2SX2
£1,40003/250.09 mi-2
£1,47003/240.1 miThe Rope Walk, Canterbury2
£1,15005/240.1 miGas Street, Canterbury, Kent, CT12
£1,35003/240.11 miCity Wall Avenue, The Old Tannery2
£1,15003/240.13 miCanterbury2
£1,40004/240.13 miTannery Square, CANTERBURY2
£1,25003/240.14 miTannery Square, Canterbury2
£1,50003/240.15 miStour Street, Canterbury, Kent, CT12
£1,07502/240.15 mi-2
£1,20003/240.16 miBack Lane, Canterbury2
£1,20005/240.17 miCreine Mill Lane North, Canterbury, CT12
£1,00004/240.17 miCreine Mill Lane North, Canterbury2
£1,30004/240.17 miGreat Stour Mews, The Old Tannery, Canterbury, Kent, CT12
£1,20003/240.18 miTannery Mews, Stour Street, Canterbury, Kent, CT12
£1,27504/240.18 miCanterbury, Kent, CT12
£1,27504/240.18 mi-2
£1,27503/240.18 miCastle Street, Canterbury, CT12
£1,95002/240.18 mi-2
£1,39505/240.18 miWaterside Apartments, Stour Street, Canterbury, CT12
£1,40003/240.18 miStour Street, Canterbury, Kent, CT12
£1,10003/240.19 miVictory Court, 7 Gordon Road, Canterbury, CT12
£1,35001/250.19 mi-2
£1,00003/240.19 miCreine Mill Lane North, Canterbury2
£1,30003/240.19 miHospital Lane, Canterbury2
£2,00004/240.2 mi-2
£1,51703/250.2 mi-2
£1,30003/240.2 miHospital Lane, Canterbury2
£1,05003/240.2 miSt Edmunds Road, Canterbury Ref - 0562
£1,40004/240.2 miSt. Edmunds Road,Canterbury,CT12
£1,50004/240.2 miLinen Court2
£1,35004/240.21 miOld Watling Street, CANTERBURY2
£1,30002/240.21 mi-2
£1,30001/250.21 mi-2
£1,65004/240.22 miStour Street, Canterbury2
£1,25003/240.23 miOld Watling Street, Canterbury2
£2,20003/240.24 miEmperor Court, Canterbury Ref - 25752

Local Area Statistics

Population in ct1

29,688

Population in Canterbury

65,078

Town centre distance

0.98 miles away

Nearest school

0.20 miles away

Nearest train station

0.19 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

May 16, 2024

Floor Plans

Description

  • Two Bedroom Second Floor Apartment +
  • Open Plan Lounge / Diner / Kitchen +
  • Family Bathroom and En Suite to Master Bedroom +
  • Balcony Area +
  • Residents Parking Available +
  • Easy Access to Canterbury East Station and Town Centre +
  • No Onward Chain +

SUMMARY
Offered with NO ONWARD CHAIN and sold with tenant in situ. This spacious TWO BEDROOM second floor apartment is short walk to Canterbury East train station and the City centre with all it's amenities. Well presented and enjoys open living space, two bathrooms and residents parking available.

DESCRIPTION
Situated in a convenient location on the edge of Canterbury city, this property offers easy access to Canterbury East train station with regular high speed services available to London. Canterbury City centre is well within walking distance enjoying an array of restaurant and shopping facilities.

The property is spacious and enjoys open plan living space with kitchen and dining area and balcony. There are two double bedrooms, the master with en suite shower room and finished with a modern family bathroom.

Other benefits include electric heating, allocated parking and further parking for visitors and sold with no onward chain.

Lounge Diner 16' 4" max x 20' 8" max ( 4.98m max x 6.30m max )

Kitchen 10' 2" x 7' 2" ( 3.10m x 2.18m )

Bedroom One 10' 5" x 10' 2" ( 3.17m x 3.10m )

En Suite 

Bedroom Two 10' 2" x 9' 2" ( 3.10m x 2.79m )

Lease details are currently being compiled. For further information please contact the branch. Please note additional fees could be incurred for items such as leasehold packs.

1. MONEY LAUNDERING REGULATIONS - Intending purchasers will be asked to produce identification documentation at a later stage and we would ask for your co-operation in order that there will be no delay in agreeing the sale.
2: These particulars do not constitute part or all of an offer or contract.
3: The measurements indicated are supplied for guidance only and as such must be considered incorrect.
4: Potential buyers are advised to recheck the measurements before committing to any expense.
5: Connells has not tested any apparatus, equipment, fixtures, fittings or services and it is the buyers interests to check the working condition of any appliances.
6: Connells has not sought to verify the legal title of the property and the buyers must obtain verification from their solicitor.

Agent Details

Connells, Canterbury

01227 202614

Next Steps?

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