3 bedroom semi-detached for sale

£260,000

3

Bedrooms

1

Bathrooms

Floorplan

INTERIOR

The ground floor includes a spacious entrance hall, a well-appointed kitchen, and an open-plan living and dining area, running the full length of the property. Upstairs, there are three generously sized bedrooms, two with built-in storage, and a family bathroom. The property is well presented throughout, with a modern, white kitchen & bathroom, and neutral decor.

EXTERIOR

At the rear of the property is a private garden, which is mostly laid to lawn and ideal for families with children or pets. There is also a large patio area, accessed via double doors in the living/dining area, and providing the perfect setting for entertaining in the summer months.The property also benefits from off road parking.

LOCATION

Situated on the edge of Harbledown, this property enjoys excellent access to Canterbury city centre, local amenities, and transport links. The nearby Rheams Way gives easy access to the A2 for London, and the beautiful Kent countryside is also right on your doorstep, with Hambrook Marshes just a short walk away. With schools such as Canterbury Academy also close by, the location is ideal for families, while its proximity to the city centre makes it an attractive option for landlords with student tenants.

OTHER

Currently set up as a student rental, this end of terrace property has tenants in situ until July 2025 with a yield of 5.3%. It therefore offers an exciting opportunity for investors, or a fresh start as a comfortable family home. The property is council tax band C.


LOUNGE/DINER 19 1" x 10 2" (5.82m x 3.1m)

KITCHEN 10 4" x 8 9" (3.15m x 2.67m)

BEDROOM 10 1" x 9 11" (3.07m x 3.02m)

BEDROOM 12 9" x 8 11" (3.89m x 2.72m)

BEDROOM 9 11" x 5 9" (3.02m x 1.75m)

BATHROOM 6 1" x 5 5" (1.85m x 1.65m)

Map location is not available for this property.

Mortgage Calculator

Your property may be repossessed if you do not keep up repayments on your mortgage.

Monthly Payment: £ 8,216.87

Monthly Payment: £ 8,216.87

Monthly Payment: £ 8,216.87

Amortization For Monthly Payment: £8,216.87 over 30 years ( Based on 3.20% Interest )

Return on Investment

£
£
£
£

Using your investment as a 25.00% deposit and £ 5,833 in costs for purchasing and getting ready to let.

Mortgage Required

£ 217200

Mortgage Loan to Value

%

Gross Yield

%

Annual ROI

%

Annual Rental Profit

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Cumulative Rental Profit

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Cost of Purchase

£
  • Stamp Duty
    £

    Stamp Duty is a tax paid on completion via your solicitor, the calculation includes the 3% surcharge for second homes.

  • Refurbishment Budget
    £ 6500
  • Survey Costs
    £ 400
  • Mortgage Fees
    £ 1,000

    Your home may be repossessed if you do not keep up repayments on your mortgage.

  • Legal Fees
    £ 1,300

Adjust these figures

£

The refurbishment budget is set to 2.50% of the purchase price, but this will vary dependent on the suitability of the property for the rental market. Select a value that you feel is appropriate to the condition of the property.

£

This will vary between lenders, type of report and whether or not you are buying with a mortgage, for advice on which type of survey would be appropriate speak with an advisor from Preston Baker Financial Services.

£

Lenders will often charge a fees for the arrangement of a mortgage, for advice on what lenders may charge, speak with an advisor from Preston Baker Financial Services. Your home may be repossessed if you do not keep up repayments on your mortgage.

£

This is the sum of mortgage admin, land registry, search, bank transfer and any other fees incurred.

Purchase costs include assumed mortgage and survey costs which are estimated. For a quote contact a Preston Baker Financial Services mortgage advisor who can provide you with current and accurate information. The stamp duty calculation has applid the 3% stamp duty surcharge on the basis that this will be a second property.

Annual Costs

£ 22200
  • Mortgage Interest
    £

    The mortgage is assumed to be interest only. Your home may be repossessed if you do not keep up repayments on your mortgage.

  • Letting and Management Costs (Inc VAT)
    £
  • Letting Fee
    £
  • Maintenance
    £
  • Insurance
    £ 500
  • Ground Rent
    £ 0
  • Service Charge
    £ 0

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£
  %

This is the percentage of the rent that you will spend maintaining the property.

£

Ground Rent only applies to leasehold properties. This is an assumed ground rent, the confirmed figure can be found in the Property Information Questionnaire.

£

Service charge only applies to leasehold properties. The correct figure can found in the Property Information Questionnaire answered by the seller.

£

This is a standard, indicative figure only. Properties that have a service charge often have this included withing that charge. Please consult the Property Information Questionnaire for more information.

Total Profit

£
  • Final Equity Profit
    £

    Final Equity Profit = Final Property Value - Mortgage Required - Investment

  • Cumulative Rental Profit
    £

    Cumulative Rental Profit = Annual rental profit x Time of Investment

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  %

This is the assumed rate of house price inflation.

Final Property Value

£

This is the property value at the end of the investment based on an assumed rate of % house price inflation.

Notes

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