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Spacious 4 Bedroom Victorian Terrace House
Currently let to Students at £1,350 per month
Tenants secured for the Academic Year 2020/2021
Superb Location being close to City Centre
Potential for Capital Growth due to the change in HMO policy
Sally Hatcher Estates are delighted to offer this ‘turn-key’ Student Investment property that is situated within the increasingly sought-after location of Wincheap within 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 from students in what has become a more competitive industry. This investment property 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. This 4-bedroom property is currently let at £1,350 per calendar month until the 30th June 2020. A new Tenancy Agreement is due to start for the academic year (2020/2021) at £1,350 per month. The Tenancy Agreement will be from the 26th August 2020 for 11 months and therefore finishes on the 25th July 2021 and this equates to a rental income of £14,840 (£1,350 x 11). The Return on Investment (roi) is around 5%, which makes this a very attractive turn-key Investment Property purchase when considering the low interest rates. 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 9 Martyrs Field Road. You also need to consider whether there is a resale market in the event it is turned back to 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 landlord, has spacious communal areas with two reception rooms 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.
For more information about this property, please contact Sally Hatcher Estates Limited, CT4 on +44 1227 238958 * (local rate)
Contact Sally Hatcher Estates Limited about this property
Property descriptions and related information displayed on this page, with the exclusion of Running Costs data, are marketing materials provided by Sally Hatcher Estates Limited, and do not constitute property particulars. Please contact Sally Hatcher Estates Limited for full details and further information. The Running Costs data displayed on this page are provided by PrimeLocation to give an indication of potential running costs based on various data sources. PrimeLocation does not warrant or accept any responsibility for the accuracy or completeness of the property descriptions, related information or Running Costs data provided here.