Whitstable Road, Canterbury
18 bedroom house - detached
Offers In Excess Of £1,250,000
Are you looking for an investment opportunity that can earn you money straight away? Would a property with future potential be of interest to you? Could this be the investment you have been waiting for? The property is ideally suited to a number of alternative uses subject to planning.
Come and see this impressive HMO investment opportunity with a gross return of 8.3% per annum. An imposing detached property comprising of 18 rooms, let predominantly to students who attend the University of Kent.
Located on the sought after Whitstable Road this substantial property is in a highly desirable position for students due to its walking proximity to the University, Canterbury City centre and Canterbury West Train Station.
The ground floor is home to the communal facilities which are clean and organised with plenty of space for the separate inhabitants. Arranged over three floors, there are currently 18 bedrooms spread over all three levels with shower rooms/wc's on the ground and first floors and a bathroom to the second floor. Glazed doors lead out to the large garden which offers a generous external area for the summer months and access to the parking area accessed from Westgate Court Avenue, via a shared driveway. The property is currently let on individual tenancies with a potential income in excess of £110,000 per annum which includes utility bills and a weekly communal clean.
The property was granted planning consent for the conversion to 9 x apartments on 2nd March 2016 ref CA/15/02157. Further planning consent granted on 1st November 2019 ref CA/19/0990 for a separate building offering a further two bedrooms with en suites and car ports for three cars. You could look to make an additional £12,000 per annum.
You really can look to make this investment an ongoing opportunity to expand and develop your earning potential.
What a fantastic opportunity, the possibilities are endless!
Call us now to come and see if this could be right for you.