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Vernon Place, Canterbury, Kent, CT1

South East

£300,000

Listed on 11/10/2025

Property details

Bedrooms
2
Type
Detached
Area
1111 sqft

Description

Located in the sought-after area of Vernon Place, this two-bedroom detached house holds significant potential for both investors and homeowners looking to customize their ideal living space. The property features a garage with an electric door, providing secure parking. Inside, the ground floor includes a WC, a comfortable lounge, kitchen, and a conservatory that leads to a private garden featuring a hot tub area with solar panels. Upstairs, you'll find two generous double bedrooms along with a family bathroom. Notably, planning permission is already in place for an extension over the garage (Reference number - CA/22/02169), allowing the possibility of transforming this home into a larger four-bedroom residence. With convenient access to local amenities including shops, schools, and parks, this property not only offers immediate comfort but also considerable long-term investment potential. While the home is structurally sound being of brick and block construction, it has not undergone any adaptations for accessibility and may require updates throughout to enhance functionality and aesthetic appeal.

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Investment analysis

(CT1 area)

Below Market Value

This property is priced -20.8% below area average per sq ft

-20.8%
Potential saving
This Property
£270/sq ft
Area Average
£341/sq ft
Avg Rent (weekly)
£294
Avg Yield
5.1%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£30,000 - £50,000
Target Value
£416,431
10% above area average per sq ft
Potential ROI
+19.0%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
25
Average per month
Market Turnover
7%
Properties sold annually

Local Market Trend (CT1)

Area prices are stable by -1.3% over the last 12 months
3 year growth: +9.8%
5 year growth: -1.1%
Investment Disclaimer: Analysis based on CT1 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

Vernon Place, Canterbury, Kent, CT1
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Mortgage calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 4.45%

Current average variable rate is 6.60%

Monthly Repayments
£1,133
Based on a loan of £225,000 over 30 years at 4.45% 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.

Stamp duty calculator

Price History

-14.3% since listed
£300,000£50,000(-14.3%)
03/02/2026
Current price
£350,000Initial listing
10/10/2025

Next Steps

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