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New Dover Road, Canterbury

South East

£205,000
Listed on 08/10/2025

Property Details

Bedrooms
2
Type
Flat
Area
677 sqft

Description

This two-bedroom apartment, situated on the first floor of an impressive Victorian building, offers a unique opportunity for those looking to invest in a property with significant renovation potential. Located along New Dover Road, the apartment is just a 10-minute stroll from the vibrant heart of Canterbury, making it both convenient and appealing for future tenants or homeowners. Upon entering, you are greeted by a communal hallway that leads up to the apartment. The spacious entrance hall opens into a generously sized sitting room characterized by its high ceilings and charming period features, including two original cupboards and a fireplace. These elements provide a solid foundation for creating a modern living space while retaining classic character. The two bedrooms are both well-sized, with the main bedroom featuring a built-in cupboard for added convenience. The kitchen offers a range of wall and base units along with designated spaces for appliances and a breakfast area, presenting an excellent canvas for updating to match contemporary tastes. The bathroom includes essential fixtures such as a shower, wash hand basin, and W.C., but could be refreshed to enhance functionality and style. New Dover Road is known for its historic architecture and inviting atmosphere, placing this property within easy reach of central Canterbury's amenities. Residents will appreciate being close to grocery stores like M&S, Sainsbury’s Local, and Tesco Metro; cultural attractions such as the Marlowe Theatre and Canterbury Cathedral; as well as an eclectic mix of dining options. Commuters will benefit from the proximity to Canterbury West railway station, located just over a mile away with high-speed services to London St Pancras in approximately 56 minutes. For prospective buyers looking at long-term investment opportunities or renovation projects, this apartment presents an intriguing option with the potential for significant value enhancement. Additionally, upon sale, the current owners have indicated that a new 99-year lease will be established. The service charge is £796 per year, which conveniently includes ground rent. Overall, this property not only offers spacious living in an enviable location but also invites creative possibilities for modernization and improvement—making it an attractive prospect in today’s market.

Investment Analysis

(CT1 area)

Below Market Value

This property is priced -11.6% below area average per sq ft

-11.6%
Potential saving
This Property
£303/sq ft
Area Average
£343/sq ft
Avg Rent (weekly)
£292
Avg Yield
5.0%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£15,000 - £30,000
Target Value
£255,209
10% above area average per sq ft
Potential ROI
+8.6%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
21
Average per month
Market Turnover
8%
Properties sold annually

Local Market Trend (CT1)

Area prices are rising by +5.2% over the last 12 months
3 year growth: 3.8%
5 year growth: 7.3%
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

New Dover Road, Canterbury
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Mortgage Calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 4.19%

Current average variable rate is 6.78%

Monthly Repayments
£751
Based on a loan of £153,750 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