Modern Method of Auction
Auction date not yet published
3-bedroom flat · CT2 7HT
For saleReduced £15k (−9.1%) on 9 OctListed 135 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Extremely Spacious Three Bedroom City Centre flat with enormous potential - Just five minutes walk to the city centre - Allocated Parking space - Direct access from the apartment to the beautiful communal gardens - Exceptionally large living room - Three double bedrooms This spacious basement flat requires refurbishing and in our opinion has enormous potential to be a wonderful city centre apartment.
Each room has wonderful proportions with the living room being exceptionally large with french doors leading to a small private courtyard which steps up to wonderful communal gardens backing onto the River Stour.
Until now the flat has been a very popular rental property achieving an impressive annual rental income but with the right refurbishment program this would be a wonderful place to live.
Annual management fee (including building insurance) £1767.54. Ground rent £0. St Stephens House is situated within easy access of the High Street and all its amenities.
These include a bustling shopping area, the University of Kent, Canterbury Christ Church University, together with an excellent choice of schools in both the public and private sectors.
In addition to the High Street is the Kings Mile, which is a lovely mall of boutique style shops, cafes, eateries, and public houses.
The ever-popular Marlowe Theatre also provides all year-round entertainment, as well as the Cathedral in the heart of the City centre.
Access to the A2/M2 is within a 15-minute drive, and the port of Dover which is the gateway to Europe is just 30 minutes away by car.
Canterbury West Station is just minutes away and provides a High-Speed rail service to London St Pancras in around 55 minutes.
This property is for sale by the Modern Method of Auction, meaning the buyer and seller are to Complete within 56 days (the "Reservation Period").
Interested parties personal data will be shared with the Auctioneer (iamsold). If considering buying with a mortgage, inspect and consider the property carefully with your lender before bidding.
A Buyer Information Pack is provided. The winning bidder will pay £349.00 including VAT for this pack which you must view before bidding.
The buyer signs a Reservation Agreement and makes payment of a non-refundable Reservation Fee of 4.5% of the purchase price including VAT, subject to a minimum of £6,600.00 including VAT.
This is paid to reserve the property to the buyer during the Reservation Period and is paid in addition to the purchase price. This is considered within calculations for Stamp Duty Land Tax.
Services may be recommended by the Agent or Auctioneer in which they will receive payment from the service provider if the service is taken.
Any payment that will be received by the Agent or Auctioneer will be confirmed to you in writing before services are taken. Services are optional.
Value & comps
No previous sales on record.
See the independent valuation, upside vs guide, and per-strategy max bid for this lot. Sign in to see it.
Returns
Set an offer; the calculator follows it.
We're still gathering serviced-accommodation data for this area.
Archie refurb estimate: a Pro feature
0.0% below starting price
This is not financial or investment advice. Prop AI Deals is not authorised by the Financial Conduct Authority (FCA) to provide investment advice.
All investment calculators, property analyses, and AI-generated insights are for informational purposes only. Property investment carries risk and may result in financial loss. All calculations should be independently verified and you should consult with FCA-authorised financial advisors before making any investment decisions.
Past performance does not guarantee future results. Tax implications vary by individual circumstances.
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 Flat 1, St Stephens House, 22, St Stephens Road, Canterbury
Explore nearby