Modern Method of Auction
Auction date not yet published
4-bedroom terraced house · CT2 7TN
Sold STCListed 116 days
Opportunity summary
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About
This spacious link end of terrace home is located in a popular area in Canterbury, ideally placed for the city centre and university.
The current owners have been using the property as an HMO, as the separate reception rooms, and double bedrooms really lend to this, but this property also makes a fantastic size family home, offering plenty of space for everyone to really spread out.
The property comprises of Entrance Hall, with stairs to first floor, useful built in storage and the essential downstairs cloakroom/wc, there are two separate reception rooms, both looking out on to the garden, and further separate kitchen, fitted in modern style white units.
To the first floor are 3 good size bedrooms and are served by the modern family bathroom with shower.
Externally the property is approached via a driveway, and to the rear a lawned garden with plenty of space to sit out and relax and with useful side access.
This property further benefits from being offered with no chain, with the current tenants, due to move out shortly. The property further benefits from double glazing and GFCH.
IMPORTANT NOTE TO POTENTIAL PURCHASERS & TENANTS: We endeavour to make our particulars accurate and reliable, however, they do not constitute or form part of an offer or any contract and none is to be relied upon as statements of representation or fact.
The services, systems and appliances listed in this specification have not been tested by us and no guarantee as to their operating ability or efficiency is given.
All photographs and measurements have been taken as a guide only and are not precise. Floor plans where included are not to scale and accuracy is not guaranteed.
If you require clarification or further information on any points, please contact us, especially if you are traveling some distance to view.
POTENTIAL PURCHASERS: Fixtures and fittings other than those mentioned are to be agreed with the seller.
POTENTIAL TENANTS: All properties are available for a minimum length of time, with the exception of short term accommodation. Please contact the branch for details.
A security deposit of at least one month’s rent is required. Rent is to be paid one month in advance. It is the tenant’s responsibility to insure any personal possessions.
Payment of all utilities including water rates or metered supply and Council Tax is the responsibility of the tenant in most cases.
CAN240062/2 Description This spacious link end of terrace home is located in a popular area in Canterbury, ideally placed for the city centre and university.
The current owners have been using the property as an HMO, as the separate reception rooms, and double bedrooms really lend to this, but this property also makes a fantastic size family home, offering plenty of space for everyone to really spread out.
The property comprises of Entrance Hall, with stairs to first floor, useful built in storage and the essential downstairs cloakroom/wc, there are two separate reception rooms, both looking out on to the garden, and further separate kitchen, fitted in modern style white units.
To the first floor are 3 good size bedrooms and are served by the modern family bathroom with shower.
Externally the property is approached via a driveway, and to the rear a lawned garden with plenty of space to sit out and relax and with useful side access.
This property further benefits from being offered with no chain, (truncated) Entrance Hall Cloakroom/Wc Lounge 3.7m x 3.5m Dining Room/Bedroom 3.3m x 2.6m Kitchen 3.3m x 2.6m Landing Master Bedroom 3.7m x 3.4m Bedroom 3.7m x 2.8m Bedroom 3 2.8m x 2.4m Garden Driveway Agents Note This property is for sale by the Modern Method of Auction which is not to be confused with Traditional auction.
The Modern Method of Auction is a flexible buyer friendly method of purchase.
We do not require the purchaser to exchange contracts immediately, but grant 28 days to achieve exchange of contracts from the date the buyer s solicitor is in receipt of the draft contracts and a further 28 days thereafter to complete.
Allowing the additional time to exchange on the property means interested parties can proceed with traditional residential finance.
Upon close of a successful auction or if the vendor accepts an offer during the auction, the buyer will be required to put down a non-refundable Reservation Fee of 4.5% subject to a minimum of £6,600 plus VAT which secures the transaction and takes the property off the market.
The buyer will be required to sign an Acknowledgment of Reservation form to confirm acceptance of terms prior to solicitors being instructed. (truncated)
Value & comps
No previous sales on record.
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Returns
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Archie refurb estimate: a Pro feature
0.0% below starting price
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Deal
Properties like this can earn 2–3x BTL yields when converted to HMO, with retrofit costs around £10k/room. Sign in to see the full tier, yield projection, and cost breakdown.
Commercial properties like this can earn 30-50% higher yields when converted to residential under Class MA / Q / P / PA, with prior approval costing ~GBP 96/unit. Sign in to see the recommended route, yield uplift, and cost breakdown.
BRRR-suited properties can recycle 80-100% of investor capital on refi, leaving a high-yielding rental with most of the money out. Sign in to see the refurb cost stack, ARV projection, and refinance maths.
Detached + large garden = sub-division play. Pro tier unlocks the tier badge, plot size, uplift estimate, and regional land benchmark.
Short-lease flats trade at deep discount, but extending under the 1993 Act often costs far less than the discount. Pro tier unlocks the tier badge, premium breakdown, long-lease ARV and arbitrage maths.
See projected short-stay revenue vs a vanilla BTL for this property.
See real sub-let margins (HMO room rates & SA nightly rates) vs the landlord rent.
Area
Agent & docs
FAQ
About Downs Road, Canterbury, Kent, CT2
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