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Canterbury, Kent, CT1

South East

£200,000
Listed on 01/11/2025

Property Details

Bedrooms
3
Type
Terraced house
Area
702 sqft

Description

This three-bedroom home in Canterbury presents a noteworthy opportunity for renovation and investment. Situated in a sought-after neighborhood, the property is ideally suited for first-time buyers, growing families, or investors looking to enhance value over time. The residence features a spacious lounge that offers a comfortable area for relaxation and gatherings. Adjoining this is a well-sized kitchen that has ample room for a dining table, making it an inviting space for family meals and social events. This area provides an excellent opportunity for modernization, allowing new owners to create their ideal culinary environment. One of the standout aspects of this property is the ground-floor third bedroom, currently used as a sleeping space but easily adaptable to serve various functions such as a home office, playroom, or formal dining area. This versatility adds significant appeal for those looking to maximize utility. The convenience of a downstairs toilet enhances practicality for busy households while an under-stairs cupboard contributes additional storage options. On the upper level, two generously sized double bedrooms come equipped with fitted wardrobes, ensuring efficient use of space and organization. The first floor also includes a walk-in wet room designed with accessibility in mind, alongside a separate toilet—features that cater well to family living. Outside, the sunny gardens provide an attractive outdoor setting perfect for relaxation or gardening pursuits. With some creativity and effort, these spaces can be transformed into personal oases or activity areas for families. The low-maintenance design allows ample time to enjoy the space rather than focus on upkeep. A key benefit of this property is that it comes with no onward chain, likely streamlining the buying process and enabling quicker occupancy. While some renovations are needed, this presents an excellent chance for buyers to infuse their style into the home and customize it according to their preferences. Located in historic Canterbury—a city celebrated for its incredible cathedral and rich cultural landscape—residents will appreciate access to diverse shops, restaurants, cafes, and recreational facilities. The area's reputation for high-quality primary and secondary schools makes it particularly appealing for families. Commuters will find excellent transport links, including high-speed rail service to London and proximity to major roadways. Overall, this property offers both substantial potential within its walls and in its prime location—a compelling prospect not to be overlooked.

Investment Analysis

(CT1 area)

Below Market Value

This property is priced -16.9% below area average per sq ft

-16.9%
Potential saving
This Property
£285/sq ft
Area Average
£343/sq ft
Avg Rent (weekly)
£292
Avg Yield
5.0%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£20,000 - £40,000
Target Value
£264,633
10% above area average per sq ft
Potential ROI
+10.3%
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

Canterbury, Kent, CT1
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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
£733
Based on a loan of £150,000 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