**Key Features:**
- One-bedroom student accommodation with en-suite shower room
- Currently tenanted, providing immediate rental income
- Communal lounge and kitchen, fostering a social atmosphere
- Auction sale via Secure Sale; immediate exchange of contracts available
- Located in a vibrant student-friendly neighborhood close to essential amenities
- Limited 50-year lease—potential mortgage difficulties
- High service charge and ground rent costs
- High crime rate in the area; low-affordability insights
This purpose-built student apartment offers a unique investment opportunity in a cosmopolitan community, ideal for first-time buyers or investors seeking immediate rental returns. The compact living space includes a private en-suite shower room and access to communal facilities, enhancing the social experience for tenants. Just a stone's throw away from Sturry retail park and Canterbury city center, this location provides an abundance of shops, eateries, and entertainment options, including the renowned Marlowe Theatre and Canterbury West Station with its high-speed rail service to London.
However, prospective buyers should be aware of the limited 50-year lease, which may affect mortgage approval. The property also incurs a significant annual service charge of £2,958 and a ground rent of £376. Additionally, the area has a high crime rate, which could impact both living conditions and rental desirability. This opportunity is sold via auction, making it essential to move quickly. Don’t miss out on the chance to secure a foothold in this sought-after locale!
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