Auction
Auction date passed
This lot went to auction on 7 October 2026 (16 days ago) but remains listed. It was still on the portal 4 days ago. That usually means it didn’t sell — it may now be available by private treaty or head to a future auction. Worth confirming current availability with the agent.
1-bedroom flat · CT20 1LD
For saleListed 34 daysAuction 7 Oct · unsold, still listed
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Guide Price = £60,000+ **For Sale By Public Auction 7th October 2026 09:30 am.
To inspect the legal documents for this property go to our website to download the legal pack** A Ground Floor One Bedroom Flat Subject to a Periodic Tenancy Producing £8,300 Per Annum Tenure Leasehold.
The property is held on a 99 year lease from 9th March 2011 (thus approximately 85 years unexpired ).
A section 42 notice to extend the lease will be served prior to completion, the rights of which would be assigned to the incoming buyer.
Location The property is situated on a residential road close to local shops and amenities. The open spaces of Mermaid Beach are within easy reach.
Transport links are provided by Folkstone Central rail station.
Description The property comprises a ground floor one bedroom flat situated within a mid terrace building arranged over ground and two upper floors.
Accommodation Ground Floor Reception Room with Open-Plan Kitchen Bedroom Bathroom Further Information When purchasing a flat that has a short lease, it is important to understand that in addition to the purchase price, if you wish to extend the lease to 90+ years, you will need to pay a premium to the freeholder.
This is done by way of serving a Section 42 notice to the freeholder requesting a lease extension with a suggested price for the extension.
The freeholder has the right to refuse the offer and submit a counter notice with their suggested price. If you do not fully understand this process, please ask the auctioneers or a solicitor.
EPC Rating E Viewing Schedule (No Booking Required)
Value & comps
No previous sales on record.
See the independent valuation, upside vs guide, and per-strategy max bid for this lot. Sign in to see it.
Returns
Set an offer; the calculator follows it.
We're still gathering serviced-accommodation data for this area.
Archie refurb estimate: a Pro feature
0.0% below starting price
This is not financial or investment advice. Prop AI Deals is not authorised by the Financial Conduct Authority (FCA) to provide investment advice.
All investment calculators, property analyses, and AI-generated insights are for informational purposes only. Property investment carries risk and may result in financial loss. All calculations should be independently verified and you should consult with FCA-authorised financial advisers before making any investment decisions.
Past performance does not guarantee future results. Tax implications vary by individual circumstances.
Deal
Properties like this can earn 2–3x BTL yields when converted to HMO, with retrofit costs around £10k/room. Sign in to see the full tier, yield projection, and cost breakdown.
Commercial properties like this can earn 30-50% higher yields when converted to residential under Class MA / Q / P / PA, with prior approval costing ~GBP 96/unit. Sign in to see the recommended route, yield uplift, and cost breakdown.
BRRR-suited properties can recycle 80-100% of investor capital on refi, leaving a high-yielding rental with most of the money out. Sign in to see the refurb cost stack, ARV projection, and refinance maths.
Detached + large garden = sub-division play. Pro tier unlocks the tier badge, plot size, uplift estimate, and regional land benchmark.
Short-lease flats trade at deep discount, but extending under the 1993 Act often costs far less than the discount. Pro tier unlocks the tier badge, premium breakdown, long-lease ARV and arbitrage maths.
See projected short-stay revenue vs a vanilla BTL for this property.
See real sub-let margins (HMO room rates & SA nightly rates) vs the landlord rent.
Area
Agent & docs
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FAQ
About Flat 1, 48, Dover Road, Folkestone
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