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MacDonald Road, Dover, CT17 - Image 1
MacDonald Road, Dover, CT17 - Image 2
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MacDonald Road, Dover, CT17 - Image 5

MacDonald Road, Dover, CT17

South East

£150,000
Listed on 06/07/2024

Property Details

Bedrooms
N/A
Type
Detached house

Description

This property presents a unique investment opportunity, featuring approved planning permission for the construction of two semi-detached homes, each with two bedrooms. Located within a comfortable walking distance to the heart of Dover, the site benefits from easy access to a variety of amenities, including shops, educational institutions, and recreational facilities. The area is well-served by public transport, with bus routes conveniently nearby and Dover Priory railway station providing quick connections to London. Additionally, the A2 dual carriageway facilitates efficient travel to Canterbury and beyond. The proximity to the docks and seafront enhances its appeal, particularly for those interested in accessing regular ferry services to continental destinations. With its strategic location and existing planning permissions, this plot offers significant renovation potential for investors looking to capitalize on the growing demand for residential developments in this vibrant town. Planning reference 22/01513 confirms the possibilities that await.

Investment Analysis

(CT17 area)
Area Average
£253/sq ft
Avg Rent (weekly)
£230
Avg Yield
5.1%

Renovation Potential

Heavy Refurb
Est. Renovation Cost
£250,000 - £350,000
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
17
Average per month
Market Turnover
10%
Properties sold annually

Local Market Trend (CT17)

Area prices are rising by +4.5% over the last 12 months
3 year growth: -4.5%
5 year growth: 16.2%
Investment Disclaimer: Analysis based on CT17 area averages and may not reflect property-specific factors like condition, exact location, or unique features. Any renovation cost estimates provided are AI-generated and should be considered indicative only. Renovation costs vary significantly based on property condition and scope of work. Always conduct professional surveys and get multiple quotes before making investment decisions.

Location

MacDonald Road, Dover, CT17
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Mortgage Calculator

£
£
£
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%
years

Current average 2-year fixed rate is 4.19%

Current average variable rate is 6.78%

Monthly Repayments
£549
Based on a loan of £112,500 over 30 years at 4.19% interest

These results are estimates and are only intended as a guide. Make sure you obtain accurate figures from your lender before committing to any mortgage. Your home may be repossessed if you do not keep up repayments on a mortgage.

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YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE