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Cherry Drive, Canterbury CT2

South East

£400,000

Listed on 13/06/2026

Property Details

Bedrooms
2
Type
Detached
Area
743 sqft

Description

Nestled in a tranquil residential area and within walking distance of Canterbury city centre, this spacious detached family home offers considerable renovation potential. Occupying a generous corner plot, the property is chain-free and presents an exciting opportunity for those looking to enhance or expand their living space with the appropriate planning permissions. The interior boasts a light and adaptable layout, featuring a large living room with a charming fireplace and sliding doors that provide seamless access to the garden—ideal for entertaining. A separate dual-aspect dining room adds to the versatile reception options, complemented by a spacious kitchen/breakfast room suitable for family gatherings. Upstairs, you'll find two well-sized double bedrooms along with practical facilities including a ground-floor bathroom and a first-floor shower room. Outside, the property is bordered by mature gardens that offer privacy and ample outdoor space, with potential for further development such as creating a private driveway or expanding valuable storage in the garage (subject to planning). The inviting front garden enhances curb appeal while free on-street parking is available nearby. Located just outside of Canterbury city centre, this property benefits from proximity to several respected schools and excellent transport links. The vibrant cultural life of Canterbury includes shops, bars, restaurants, and quick access to scenic spots like the River Stour and parks. This home is perfect for families seeking long-term investment in a desirable area surrounded by rich history and modern amenities.

Investment Analysis

(CT2 area)

Above Market Value

This property is priced +48.6% above area average per sq ft

+48.6%
This Property
£538/sq ft
Area Average
£362/sq ft
Avg Rent (weekly)
£351
Avg Yield
4.9%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£25,000 - £45,000
Target Value
£296,026
10% above area average per sq ft
Potential ROI
-33.5%
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 (CT2)

Area prices are stable by -0.7% over the last 12 months
3 year growth: -7.3%
5 year growth: +3.8%
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

Cherry Drive, Canterbury CT2
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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
£1,511
Based on a loan of £300,000 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

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