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2 Bed Apartment House For Sale New Dover Road, Canterbury, CT1

£320,000- Apartment

Yield: 4.13%
1 of 12
Yield: 4.13%
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  • Rental Guide: £880 - £1,100
  • 2 Bedroom(s)
  • Description
  • Floor Plan
  • Street View
  • Maps

Key Features

  • Tenure: Leasehold
Last Updated: 28th March 2021

Description

Flat 6, Luxmoore House, is one of nine luxury apartments located in this prestigious Victorian building. Dating around 1860 and within a Conservation Area, this prominent building renovated in 2006, boasts an impressive Gothic style brick façade retaining many period features. Striking black and white tiled flooring leads from the lobby to the communal hall with tall ceilings and elegant archway with decorative mouldings, combining to provide grandeur and elegance.

The apartment itself is found on the first floor with ornate stone framed windows creating a light spacious environment. Accommodation comprises hallway, generous sitting room with dining area, contemporary cream gloss kitchen with a range of integrated NEFF appliances, master bedroom with en-suite shower room, good sized bedroom 2 and modern tiled bathroom suite.

FEATURES
- Communal Entrance Hall, entry system, stairs to first floor.
- Open Plan Sitting/Dining area, attractive feature fireplace.
- Kitchen, range of base and wall mounted cabinets, integrated NEFF appliances to include: fridge/freezer, washer/dryer, double oven, gas hob, stainless steel extractor and granite worktop.
- Family Bathroom, panelled bath, pedestal hand basin, low-level WC, part tiled walls.
- Master Bedroom, with fitted wardrobes
- En-Suite Shower Room
- Bedroom 2, with fitted wardrobes.
- Parking for one car.

SITUATION
Luxmoore House is set well back from the road just under a mile away from the Cathedral City of Canterbury. The City centre offers excellent shopping, cultural interests, amenities, good range of educational establishments including schools in both the state and private sectors, universities and colleges. Leisure amenities include the Marlowe Theatre, Cathedral, and Museums.

High speed trains run From Canterbury West to London St Pancras in about 56 minutes Other services to Victoria, Cannon Street and Charing Cross run from Canterbury East. There is easy access to the A2 to Dover with the cross-channel ferries and Folkestone with the Channel Tunnel Terminal.

DIRECTIONS
At the roundabout on the ring road at the foot of the A2 New Dover Road, proceed along the New Dover Road straight over the traffic lights with Waitrose on your left. Continue passing the Abbots Barton Hotel on your right and the Ebury Hotel on your left and Luxmoore House will be a little further up on the left hand corner.
Agent Details
Jackson-Stops
80, Castle Street, Canterbury, CT1 2QD
Show Contact Number
01227 781 600
**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.
3.7

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:
£9,600
The governments recent policies, including lower taxes for this property price band will lead to potential future price growth.
8.6

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 close proximity are mostly listed £550 - £1,100 – 5 recently listed properties were found in that band. However, the highest were £1,200, £1,150, £1,145.

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