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Richmond Gardens, Canterbury, Kent, CT2

South East

£260,000
Listed on 16/01/2026

Property Details

Bedrooms
2
Type
Detached house
Area
830 sqft

Description

This two-bedroom detached bungalow presents a promising investment opportunity for those eager to undertake a renovation project. Located in the sought-after city of Canterbury, the property features well-sized living spaces and is set on a generous plot, perfect for potential enhancements or extensions (subject to planning permission). The interior layout includes a spacious lounge, separate kitchen, dedicated dining area, family bathroom, and two good-sized bedrooms. While the home may need updates throughout, it offers a robust framework to modernize and create a comfortable residence. Outside, you will find off-street parking for one vehicle, a detached garage, and a mature rear garden which provides ample space for outdoor activities or gardening enthusiasts. This property truly holds significant potential for value addition through thoughtful renovations. The surrounding area enjoys proximity to various amenities including shops, universities, schools, and recreational facilities such as golf courses and theatres. With excellent transport links to both London and coastal towns, this bungalow is well-placed for both personal enjoyment and investment growth.

Investment Analysis

(CT2 area)

Below Market Value

This property is priced -14.2% below area average per sq ft

-14.2%
Potential saving
This Property
£313/sq ft
Area Average
£365/sq ft
Avg Rent (weekly)
£345
Avg Yield
4.7%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£25,000 - £40,000
Target Value
£333,245
10% above area average per sq ft
Potential ROI
+11.1%
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
19%
Properties sold annually

Local Market Trend (CT2)

Area prices are stable by +0.3% over the last 12 months
3 year growth: -5.5%
5 year growth: 5.6%
Investment Disclaimer: Analysis based on CT2 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

Richmond Gardens, Canterbury, Kent, CT2
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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
£952
Based on a loan of £195,000 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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