5 bedroom terraced house for sale

Martyrs Field Road, Canterbury, Kent, CT1

Sold STC £289,950

Property Description

Key features

  • Spacious 5 Bedroom Victorian Terrace House which has undergone extensive improvements, including a new kitchen
  • Turn-Key Investment Property that has been successfully let for many years
  • Due to be let for the academic year 2019 to 2020 at 1,650 PCM (19,800 per year)
  • Superb Location being close to City Centre with good access to both the UKC and CCCU

Full description

Tenure: Freehold

Sally Hatcher Estates are delighted to offer this 'turn-key' Student Investment property, which has been continuously let to students for many years and is situated within an increasingly sought-after location of Wincheap that is within a minutes from the City Centre. The size, condition and layout of this Victorian property is ideal for sharers and it is little surprise that it always draws a high-level of interest in what has become a more competitive industry. Again, we repeat that this property has been let year after year and it goes to prove that if you have a high-quality home, in the right location and are willing to ensure it stays in great condition then you have a winning combination that will bring a noteworthy return. There is a spacious lounge, bedroom, a recently installed fully fitted kitchen with white goods, WC and a bathroom on the ground floor with four further bedrooms on the first floor. Outside there is a manageable, south-facing 'tiered' garden and a parking space that has been created at the end of the garden. This 5-bedroom property is due to be let for the academic year (2019/2020) at £1,650 per month. The Tenancy Agreement is for 12 months (no half rent) and this equates to a rental income of £19,800 per annum. The Return on Investment (ROI) is around 6.75%, which makes this a very attractive turn-key Investment Property purchase. When seeking an Investment Property it is imperative to look at various factors, including whether it would appeal to other rental market sectors, such as professional sharers or a family and this is certainly the case with 63 Martyrs Field Road. You also need to consider whether there is a resale market, should you wish to reinstate as a family home, and we can advise that similar sized family homes in this area have achieved in excess of £300,000, such is the demand for the traditional Victorian style. In conclusion, this turn-key Investment Property is in a great location for students, has a proven track-record of successful rentals, has been looked after by the landlords (including a new kitchen and recent flat roof) has spacious communal areas, and provides other options if the market changes. A fairly recent planning policy means that Canterbury City Council will NOT allow Change of Use to turn normal family homes (C3) to HMOs (C4) and this has resulted in less properties entering the market, which will increase the demand and should result in noteworthy capital growth going forwards.


More information from this agent

Energy Performance Certificates (EPCs)

Listing History

Added on Rightmove:
24 July 2019

Nearest stations

  • Canterbury East (0.1 mi)
  • Canterbury West (0.8 mi)
  • Chartham (2.7 mi)
Distances are straight line measurements from centre of postcode

Nearest schools

Use the school checker

To view this property or request more details, contact:

Sally Hatcher Estates Limited, Canterbury - Sales

9 New Town Street, Chartham Hatch, CT4 7LT

01227 917010 Local call rate

How much will it cost me to call the number displayed on the site?

Standard geographic charges from landlines and mobiles apply and calls may be included in your telecom provider's call package.

Floorplans


To view this property or request more details, contact:

Sally Hatcher Estates Limited, Canterbury - Sales

9 New Town Street, Chartham Hatch, CT4 7LT

01227 917010 Local call rate

How much will it cost me to call the number displayed on the site?

Standard geographic charges from landlines and mobiles apply and calls may be included in your telecom provider's call package.

Map & Street View

Nearest stations

  • Canterbury East (0.1 mi)
  • Canterbury West (0.8 mi)
  • Chartham (2.7 mi)
Distances are straight line measurements from centre of postcode

To view this property or request more details, contact:

Sally Hatcher Estates Limited, Canterbury - Sales

9 New Town Street, Chartham Hatch, CT4 7LT

01227 917010 Local call rate

How much will it cost me to call the number displayed on the site?

Standard geographic charges from landlines and mobiles apply and calls may be included in your telecom provider's call package.

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