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2 Bed Terraced House For Sale Mill Lane, Canterbury, CT1

£300,000- Terraced

Yield: 4.4%
1 of 14
Yield: 4.4%
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  • Rental Guide: £880 - £1,105
  • 2 Bedroom(s)
  • Description
  • Floor Plan
  • Street View
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Last Updated: 14th November 2020

Description

An incredibly charming two bedroom period terrace house, situated within the city walls and presented to an immaculate standard throughout. The property would make an ideal holiday let, first-time purchase or pied-a-terre and, although centrally located, it enjoys a 'tucked-away' position on an attractive residential street close to the Cathedral and fashionable Kings Mile area of the city. Whilst retaining main original features it has been extensively renovated including the installation of new hardwood sash windows and external doors in addition to cosmetic improvements throughout. There is a beautiful 35' garden to the rear with a patio seating area and mature shrubs. Properties of this quality are rarely available and we recommend an early appointment to view.
Agent Details
Godwin Curtis Ltd
7, Castle Street, Canterbury, CT1 2QF
Show Contact Number
01227 780 700
**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.
4.0

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

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:
£9,000
The governments recent policies, including lower taxes for this property price band will lead to potential future price growth.
8.7

Comparison with other investment alternatives

Investing in this property will give you a slightly better regular return, when compared to other conservative investments.
4

Investment Analysis

Annual Rent:
Annual Mortgage Interest:
Annual Costs:

Calculators

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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 “CT1” are mostly listed between £880 - £1,105. There is limited data on listings in proximity to this property.

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