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See how verdicts work1-bedroom flat · CT20 1LZ
For saleReduced £12k (−8.5%) on 20 JunListed 466 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Reeds Rains are delighted to bring to the market this nicely presented second floor apartment set within a quarter of a mile of both the historic harbour front and delightful cliff top walks.
The apartment benefits from a gas fired central heating system and double glazed windows.
Accommodation provides one good size bedroom with living room, kitchen area and modern three piece bathroom suite.
The property is being offered to the open market with no forward chain, a share of the freehold and a 999 year lease.
Important Note to Potential Purchasers & Tenants: We endeavour to make our particulars accurate and reliable, however, they do not constitute or form part of an offer or any contract and none is to be relied upon as statements of representation or fact.
The services, systems and appliances listed in this specification have not been tested by us and no guarantee as to their operating ability or efficiency is given.
All photographs and measurements have been taken as a guide only and are not precise. Floor plans where included are not to scale and accuracy is not guaranteed.
If you require clarification or further information on any points, please contact us, especially if you are traveling some distance to view.
Potential purchasers: Fixtures and fittings other than those mentioned are to be agreed with the seller.
Potential tenants: All properties are available for a minimum length of time, with the exception of short term accommodation. Please contact the branch for details.
A security deposit of at least one month’s rent is required. Rent is to be paid one month in advance. It is the tenant’s responsibility to insure any personal possessions.
Payment of all utilities including water rates or metered supply and Council Tax is the responsibility of the tenant in most cases.
FOL250224/8 Location Harbour Way is central to an excellent range of amenities and just a short stroll to Folkestone's Old High Street, with its many galleries, boutique shops, restaurants and cafes, and just a few minutes walk to to Folkestone Central train station with regular high speed services to London St Pancras (approx 55 mins).
There are other excellent transport links with the M20 motorway, Channel Tunnel terminal, Port of Dover and Gatwick Airport easily accessed by car.
Primary and Secondary schooling are within easy reach, including both boys' and girls' grammar schools. Harvey Street is also minutes walk from the newly-built Radnor Park playground.
Folkestone also offers many other facilities, such as the sports centre and ski slope, Sunny Sands beach, the vibrant Harbour Arm pier, the award-winning Lower Leas Coastal Park and an ongoing programme of arts, literary and comedy events at and around the Creative Quarter.
Directions From Folkestones' picturesque and historic harbour front, head up Tram Road traveling past the petrol station on your left hand side.
Take the second turning on your left into London Street which leads into Harbour Way. Communal Entrance Via secure entry door. Stairs to second floor entrance.
Entrance Hall (1.49m x 1.28m (4' 11" x 4' 2")) Open Plan Living (5.71m x 3.67m (18' 9" x 12' 0")) Kitchen Area (2.16m x 1.58m (7' 1" x 5' 2")) Bedroom (3.8m x 2.89m (12' 6" x 9' 6")) Bathroom (2.57m x 1.49m (8' 5" x 4' 11")) Share Of Freehold We have been informed by our vendor that the property is being sold with a share of the freehold.
Lease Details We have been informed by our vendor that the apartment has an underlying lease of 999 years.
Service Charge We have been informed by our vendor that the service charge is in the region of £900 per annum.
Ground Rent We have been informed by our vendor that there is no ground rent payable for this property. Council Tax Band - A EPC Rating EPC - C
Value & comps
No previous sales on record.
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 asking
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.
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FAQ
About Flat 6, 83-85, Harbour Way, Kent
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