# 2 bedroom apartment for sale (CT2 8AN) ## Property Details | Key | Value | |-----|-------| | Address | FLAT 2, THE MERCHANT STORE, STATION ROAD WEST, CANTERBURY, KENT CT2 8AN | | Price | £270,000 | | Bedrooms | 2 | | Bathrooms | 2 | | Last sold | £325,000 May 2023 | ## Description This converted first floor apartment is located opposite Canterbury West train station and has Cathedral views from the living room. The welcoming entrance hallway has a large storage cupboard with plumbing for a washing machine. The large dual aspect living room measures 20 ft. by 19 ft. and has a feeling of light and space from the high ceilings and large windows. The kitchen is just off the living room has plenty of floor and wall units for storage, a built in electric hob with oven below and space for a dishwasher and freestanding fridge freezer. The spacious dual aspect master bedroom comes with wooden shutters a separate dressing area which has a large mirrored fitted wardrobe and a shower en suite. The second bedroom is also a spacious double with wooden shutters and a large fitted mirrored wardrobe. Completing the apartment is the bathroom with has tiled walls a bath with shower over, a heated towel rail, a vanity cupboard, a basin and W.C. The apartment comes with a gated allocated parking space located at the rear of the building. **Tenure** The property is leasehold offered with vacant possession upon completion. **Local Authority** Canterbury City Council 01227 862 000. Kent County Council 0845 247 247. **Council Tax** To check the Council Tax for this property, please refer to www.gov.uk/council-tax-bands **Services** Mains water, drainage and electricity **Location** The property is located in the heart of the popular St Dunstan's area and is directly opposite Canterbury West train station which has the high speed service that takes you to London St Pancras in under an hour. St Dunstan's has become a vibrant area of Canterbury and has a Sainsbury's local, a Butchers, an international greengrocer and a selection of Cafe's and independent shops. Within 0.2 miles of the property there is The Bishops Finger pub, The Falstaff Inn and The Pound. The property is conveniently located for anyone one working at the University Of Kent which is just a 1.2 miles walk away. The historic city centre located through the Westgate Towers has an array of shops and boutiques, along with fine dining and restaurants serving dishes from across the globe. The Marlowe Theatre attracts acts from around the world and the Cathedral which is a world heritage site completes Canterbury's unique experience. ## Property Photos - ![Living Room (Main)](/listings/photos/55709268/1610473) - Living Room (Main) - ![Kitchen](/listings/photos/55709268/1610475) - Kitchen - ![External Front](/listings/photos/55709268/1610477) - External Front - ![Catherdral Views](/listings/photos/55709268/1610479) - Catherdral Views - ![Living Room](/listings/photos/55709268/1610483) - Living Room - ![Living Room](/listings/photos/55709268/1610484) - Living Room - ![Living Room](/listings/photos/55709268/1610486) - Living Room - ![Master Bedroom](/listings/photos/55709268/1610487) - Master Bedroom - ![Master Bedroom](/listings/photos/55709268/1610490) - Master Bedroom - ![Master Bedroom](/listings/photos/55709268/1610491) - Master Bedroom - ![Master Dressing Area](/listings/photos/55709268/1610492) - Master Dressing Area - ![En Suite](/listings/photos/55709268/1610494) - En Suite - ![Second Bedroom](/listings/photos/55709268/1610495) - Second Bedroom - ![Bathroom](/listings/photos/55709268/1610496) - Bathroom - ![Parking](/listings/photos/55709268/1610497) - Parking - ![Canterbury West Trai](/listings/photos/55709268/1610498) - Canterbury West Trai - ![The Falstaff](/listings/photos/55709268/1610499) - The Falstaff - ![The Fallstaff](/listings/photos/55709268/1610501) - The Fallstaff - ![The Pound](/listings/photos/55709268/1610502) - The Pound - ![The Pound](/listings/photos/55709268/1610504) - The Pound - ![Westgate Towers](/listings/photos/55709268/1610505) - Westgate Towers ## Floorplans - ![Floor Plan](/listings/photos/55709268/1610506) - Floor Plan ## EPC Graphs - ![EPC](/listings/photos/55709268/1610508) - EPC ## Sales History *Recorded sales for this property. Data from Land Registry Price Paid.* | Address | Price | Date | Type | |---------|-------|------|------| | THE MERCHANT STORE FLAT 2 STATION ROAD WEST, CANTERBURY, KENT, CT2 8AN | £325,000 | 26/05/2023 | Flat | | THE MERCHANT STORE FLAT 2 STATION ROAD WEST, CANTERBURY, KENT, CT2 8AN | £270,000 | 06/07/2018 | Flat | | THE MERCHANT STORE FLAT 2 STATION ROAD WEST, CANTERBURY, KENT, CT2 8AN | £230,000 | 28/02/2014 | Flat | ## Sold Comparables *Same street and nearby sales within 0.25 miles. Data from Land Registry Price Paid. Last 5 years.* | Address | Price | Date | Type | |---------|-------|------|------| | ABBOTS LODGE 23 ROPER ROAD, CANTERBURY, KENT, CT2 8FD | £207,500 | 18/03/2025 | Flat | | ABBOTS LODGE 21 ROPER ROAD, CANTERBURY, KENT, CT2 8FD | £135,000 | 13/11/2023 | Flat | | THE MERCHANT STORE FLAT 8 STATION ROAD WEST, CANTERBURY, KENT, CT2 8AN | £330,000 | 10/10/2023 | Flat | | KIRBYS HEIGHTS FLAT 4 STATION ROAD WEST, CANTERBURY, KENT, CT2 8FB | £230,000 | 07/09/2023 | Flat | | STERLING COURT FLAT 10 POUND LANE, CANTERBURY, KENT, CT1 2HY | £198,000 | 19/06/2023 | Flat | | WESTSIDE APARTMENTS FLAT 3 STATION ROAD WEST, CANTERBURY, KENT, CT2 8WA | £266,000 | 02/06/2023 | Flat | | 14 CARRIAGE MEWS, CANTERBURY, KENT, CT2 8AL | £227,500 | 17/05/2023 | Flat | | ABBOTS LODGE 32 ROPER ROAD, CANTERBURY, KENT, CT2 8FD | £338,000 | 21/11/2022 | Flat | | 42 ORIENT PLACE, CANTERBURY, KENT, CT2 8AW | £287,500 | 15/11/2022 | Flat | | ABBOTS LODGE 50 ROPER ROAD, CANTERBURY, KENT, CT2 8FD | £152,000 | 11/11/2022 | Flat | | THE MERCHANT STORE FLAT 3 STATION ROAD WEST, CANTERBURY, KENT, CT2 8AN | £440,000 | 05/10/2022 | Flat | | 24 GREAT STOUR PLACE, CANTERBURY, KENT, CT2 7EY | £316,500 | 29/09/2022 | Flat | | TEMPLARS COURT FLAT 6 KIRBYS LANE, CANTERBURY, KENT, CT2 8JX | £160,000 | 28/09/2022 | Flat | | KIRBYS HEIGHTS FLAT 11 STATION ROAD WEST, CANTERBURY, KENT, CT2 8FB | £250,000 | 02/09/2022 | Flat | | ABBOTS LODGE 5 ROPER ROAD, CANTERBURY, KENT, CT2 8FD | £305,000 | 04/08/2022 | Flat | | ABBOTS LODGE 14 ROPER ROAD, CANTERBURY, KENT, CT2 8FD | £190,000 | 28/07/2022 | Flat | | THE MALTINGS FLAT 4 ROPER ROAD, CANTERBURY, KENT, CT2 7DQ | £228,000 | 24/07/2022 | Flat | | 48 STATION ROAD WEST, CANTERBURY, KENT, CT2 8AN | £235,000 | 08/07/2022 | Flat | | KIRBYS HEIGHTS FLAT 10 STATION ROAD WEST, CANTERBURY, KENT, CT2 8FB | £235,000 | 01/07/2022 | Flat | | STERLING COURT FLAT 5 POUND LANE, CANTERBURY, KENT, CT1 2HY | £200,000 | 16/06/2022 | Flat | **Area average:** £246,550 (20 sales) ## Price vs local average *Outcode + property type (HousePrices, last 2 years).* - **Local average:** £179,367 (15 Flat, CT2, 2024–2026) - **Deviation:** +50.5% ## Rental Range *ONS Price Index of Private Rents (Canterbury). Low / Realistic / Optimistic = conservative / average / best case.* - **Low:** £1,151/mo - **Realistic:** £1,279/mo - **Optimistic:** £1,407/mo ## LHA (Local Housing Allowance) *VOA 30th percentile rent floor for Canterbury (Apr 2025 – Mar 2026).* - **LHA floor (this property size):** £893/mo ## Rental Comparables *Residential lets from OpenRent and Rightmove for the area (same bedroom count). Use to validate rent estimates. Student lets are excluded.* | Title | Rent | Beds | Distance | As seen on | |------|------|------|------|------| | 2 Bed Terraced House, Great Stour Place, CT2 | £1,300/mo | 2 | 0.1 miles | OpenRent | | 2 Bed Flat, Tannery Way North, CT1 | £1,395/mo | 2 | 0.39 miles | OpenRent | | 2 Bed Flat, Canterbury Lane, CT1 | £1,399/mo | 2 | 0.5 miles | OpenRent | **Average rent: £1,365/mo (3 listings)** ## 1% Rule - **Rent ratio:** 0.52% (weak for cashflow) - **Max investor price (0.8%):** £174,375 - **Target investor price (1%):** £139,500 *Monthly rent ÷ price. 1%+ = strong, 0.8–1% = okay, <0.8% = weak. Max investor price = rent ÷ 0.8% (Stoke-style target). Target investor price = rent ÷ 1% (strong cashflow band). Based on OpenRent comparables.* ## Rent-driven metrics *Based on OpenRent comparables (median £1,395/mo).* - **Gross yield:** 6.2% - **Cost-to-rent:** 16.1× - **Monthly cashflow:** £167/mo (75% LTV, 3.95% APR (5yr fixed), 25yr term) - **Cash-on-cash ROI:** 2.6% *Gross yield = annual rent as % of price (no costs). Cost-to-rent = price ÷ annual rent (from OpenRent comparables); under 14× = strong, 14–16× = acceptable, 17×+ = compressed. Cashflow = rent − mortgage − 10% maintenance − £25/mo compliance; assumes 75% LTV, 3.95% APR (5yr fixed), 25yr term. ROI = annual profit ÷ cash in (deposit + 4% purchase costs).* ## Capital growth trend *Land Registry outcode average from sold prices: last 12 months vs 5y and 10y ago.* - **5y growth:** -18.1% - **10y growth:** -24.7% ## House Price Index (HM Land Registry) *Official index for Canterbury; Flats and maisonettes series; as of May 2026.* - **1y growth (index):** 1.7% - **5y growth (index):** -2.3% - **10y growth (index):** 14.3% ## Flood risk - **Zone:** 1 - **Risk:** Low - **Source:** Job (default Low) [Check long-term flood risk (GOV.UK)](https://check-long-term-flood-risk.service.gov.uk/postcode)