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1 Bed Flat For Sale Giles Lane, Canterbury, CT2

£190,000- Flat

Yield: 4.8%
1 of 11
Yield: 4.8%
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  • Rental Guide: £605 - £760
  • 1 Bedroom(s)
  • Description
  • Street View
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Key Features

  • Ideal For First Time Buyers Or Investors
  • 3rd Floor Character Apartment
  • Secure Video Phone Entry System
  • Undercover Gated Allocated Parking
  • Located In A Converted Malt House Dating Back To 1850
  • Only 0.3 Miles From Canterbury West Train Station
  • Only 0.5 Miles To Canterbury City Centre
  • In The Heart Of The Ever Popular St Dunstans Area
Last Updated: 14th April 2021

Description

Guide Price £200,000 Located in the popular St Dunstans area of Canterbury this converted Malt House dates back to 1850 and still retains many period features. This third floor, one bed character apartment has a spacious open plan kitchen/living area which has a vaulted ceiling and a feature brick wall with a fitted modern fireplace. The kitchen has white floor and wall units, a tiled floor and splashback, an electric hob with oven below and space for a freestanding fridge freezer. Along the hallway there is a double bedroom with a vaulted ceiling and a small alcove space with a window looking over to Canterbury Cathedral. Completing the apartment is the spacious bathroom which has partially tiled walls and a fresh white suite with a shower over bath. The apartment has a secure video phone entry system and an undercover gated allocated parking space for one car.
Floor Plan

Council Tax
To check the Council Tax for this property, please refer to .
Local Authority
Canterbury City Council (CCC)
Kent County Council (KCC)
Services
Mains water, drainage and electricity.
Method of sale
The property is leasehold and is available for sale with vacant possession upon completion. There are 115 years remaining on the lease. The maintenance charge is £983.52 per year and the ground rent is £350 per year.
Location
The Maltings is located on Roper Road which is situated in the heart of the ever popular St Dunstans area of Canterbury and the property is only 0.3 miles from Canterbury West station which provides high speed services to London St Pancras in under an hour. A Sainsbury's Local is 0.3 miles on foot whilst Canterbury High Street is a mere 0.5 miles away. Canterbury offers an array of independent shops and mainstream retailers both within the older part of the High Street and Whitefriars shopping complex. Welcoming pubs, restaurants and clubs across the city add to Canterbury's unique identity.
Agent Details
Sandersons UK
26a Castle Street, Canterbury, CT1 2PU
Show Contact Number
01227 784 784
**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.
4.4

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:
£5,700
The governments recent policies including, not to add additional tax to this property price band, will be positive for future price growth.
9.5

Comparison with other investment alternatives

Investing in this property will give you a slightly better regular return, when compared to other conservative investments.
5

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
1 Bedroom properties in “CT2” are mostly listed between £605 - £760. 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