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2 Bed Flat For Sale St. Andrews Close, Canterbury, CT1

£220,000- Flat

Yield: 5.93%
1 of 14
Yield: 5.93%
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  • Rental Guide: £870 - £1,090
  • 2 Bedroom(s)
  • Description
  • Floor Plan
  • Street View
  • Maps

Key Features

  • Large Open-plan Kitchen/living/diner
  • Bright And Airy
  • Balcony
  • Master Bedroom With En-suite
  • Ample Storage
  • Allocated Secure Parking Space Plus Visitor's Parking Permit
Last Updated: 10th November 2020

Description

* Guide Price £220,000 - £230,000 *
Situated on the second floor, this property features a large open-plan kitchen/living/diner which is perfect for entertaining. This room is bright, airy, and flooded with light from the balcony to the front which has space to sit out on. The property benefits from a main bathroom, built-in storage cupboards and two double bedrooms; the master bedroom also benefits from an en-suite. There is gas central heating and an allocated secured parking space as well as additional visitors parking.

The property is in a sought-after, river-side development, close to Canterbury City Walls, Canterbury East and West Rail Station. The property is walking distance to Canterbury City centre, Canterbury Christ Church University and The Marlowe Theatre is in close proximity to the A2 with links towards the coast and London.
Agent Details
Mann Kent
79 Castle Street, Canterbury, Kent, CT1 2QD
Show Contact Number
01227 490 038
**This report is currently a Beta Test Version. Do not rely on the information provided below.

Forecast Score

Based on data and factors which historcally influence property prices this property has an overall score as:

Data Classified:
This property has been partially classified.
5.5

Forecast Report

Our predictive algorithms and data analysts; scan, compare and rank properties by future gains and current returns; helping you pick the perfect investment at a glance.

The following influencers contribute to our score:
  • Historical Data
  • Interest Rates
  • Mortgage Availability
  • Fiscal Policy
  • Recent Sold Prices
  • Housing Demand
  • Benchmarking Performance Against Other Asset Classes

Comparison with local sold prices

There is not enough data available
0

Profitability

Very good rental demand in this area.
Compared to other property investments this gives a very poor return.
0

Interest Rates

Bank of England Base Rate:
0.1%
Current all-time record low interest rates are making monthly mortgage payments more affordable so more people will buy houses, which will lead to house prices increasing.
10

Mortgage Availability

Current moderate appetite for banks to lend mortgages, will lead to steady house price growth.
5

Fiscal Policy

First Home Stamp Duty:
£0
Buy To Let or Second Home:
£6,600
The governments recent policies including, not to add additional tax to this property price band, will be positive for future price growth.
9.3

Comparison with other investment alternatives

Investing in this property will give you a slightly better regular return, when compared to other conservative investments.
6

Investment Analysis

Annual Rent:
Annual Mortgage Interest:
Annual Costs:

Calculators

These figures are for illustration purposes, please adjust for greater accuracy.
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Legal - YOUR PROPERTY MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON A MORTGAGE OR ANY DEBT SECURED ON IT.

One&Only Pro are working in partnership with Midland Mortgage Bureau Limited. Midland Mortgage Bureau Limited is an appointed representative of The Right Mortgage Ltd, St Johns Court,70 St Johns Close, Knowle, B93 0NH, which is authorised and regulated by the Financial Conduct Authority. Midland Mortgage Bureau Limited financial Services Register number is 756490. The Right Mortgage Ltd Financial Services Register number is 649443.
Rental Data
2 bedroom properties in close proximity are mostly listed £750 - £1,088 – 8 recently listed properties were found in that band. However, the highest were £1,225, £1,200, £1,200.

These figures should only be used as a guide, always get a rental assessment from a professional.
This is the potential achievable yield.
Potential Return-on-Cash Invested