33 Park View, Sturry, Canterbury, Kent, CT2 0NR

Description

A Vacant Seven Room End of Terrace House Situated on a Plot of Land Measuring Approximately 536 sq m (5,767 sq ft). Potential to Erect an Additional Dwelling to the Side (Subject to Obtaining all Relevant Consents)

Accommodation

Ground Floor: Reception Room, Kitchen/Diner, Utility Room, WC. First Floor: Three Rooms, Bathroom. Second Floor: Two Rooms. Exterior: Rear garden and off street parking.

Location

Situated on a residential road close to local shops and amenities. Numerous green open spaces are within easy reach. Transport links are provided by Sturry rail station.

Tenure / Property Information

Investment Analysis

The five supplied completed sales on Park View range from £204,000 to £270,000, with an average of £235,000. They date from 2014 to 2020 and do not confirm bedroom count or condition, so the GDV scenarios are indicative only. The subject property is vacant, has five bedrooms/seven rooms and a relatively large plot, but any additional dwelling remains subject to obtaining all relevant consents.

Investment Snapshot

Strategy Recommendation

Proceed only conditionally. The property merits further investigation as a potential BTL or BRRR purchase because of the indicative rent and vacant freehold status, but obtain a survey, rental appraisal, legal-pack review and planning assessment before bidding. Do not rely on the additional-dwelling potential without consent.

Works Required

No specific defects or refurbishment requirements are evidenced. A full inspection should establish whether any works are required. Planning and feasibility investigations would be needed before relying on the potential additional dwelling.

Rental & Market Context

Sold Comparables

The following completed sales were identified within approximately 5 miles:

Potential BRRR Position

Using the indicative £235,000 base GDV, 75% refinance is £176,250. Against the £150,000 guide plus the known £1,800 administration charge, there is a preliminary gross margin before works, finance, tax and other disbursements, but the required refurbishment budget and completion costs are not evidenced. Cash left in and refinance viability therefore cannot be reliably calculated.

Buy-to-Let Analysis

The only relevant rental evidence is an advertised £2,000 pcm asking rent for a five-bedroom Canterbury property, equivalent to £24,000 annually. At the £150,000 guide this indicates a 16% gross yield before finance, management, maintenance, voids, tax and other costs. This is not an achieved rent and requires local letting-agent validation; refurbishment and total acquisition costs are also unknown.

Flip Analysis

The base GDV estimate implies £85,000 of gross headroom above the £150,000 guide before works, auction administration, disbursements, finance, selling costs and tax. Because the comparable sales are historic and no condition or works budget is supplied, a reliable flip surplus cannot be calculated.

Investor Risks & Due Diligence

• Historic comparable sales may not represent current market value.

• The £2,000 pcm figure is an advertised asking rent, not an achieved or guaranteed rent.

• No condition survey or refurbishment budget is supplied.

• The potential additional dwelling is expressly subject to obtaining all relevant consents.

• Auction disbursements and other Special Conditions charges are unknown.

• Finance, tax, selling and operating costs are not provided.

Recommendation

Proceed only conditionally. The property merits further investigation as a potential BTL or BRRR purchase because of the indicative rent and vacant freehold status, but obtain a survey, rental appraisal, legal-pack review and planning assessment before bidding. Do not rely on the additional-dwelling potential without consent.

Strategy Rating

Analysis Confidence

The evidence includes same-road completed sales, one relevant advertised rent, tenure, occupancy and accommodation, but the sales are historic, rental evidence is asking-only, and condition, works, planning, disbursements and current market evidence are incomplete.