1-bedroom flat · CT20 1SQ
For saleListed 844 days
Opportunity summary
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About
Buy to let investment opportunity......Reeds Rains are delighted to bring to the market this one bedroom second floor apartment which is ideally located within a picturesque conservation area.
The apartment is ideally situated in the sought after Bayle area of Folkestone which is within close walking distance of the local town centre and harbour arm.
Internally, the apartment is a good size offering light and airy accommodation and comprising of a large living room; fitted kitchen, double bedroom and bathroom suite.
The apartment is being offered to the open market with a share of the freehold, a long lease and no onward chain with sole agents Reeds Rains strongly recommending early viewing.
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.
FOL240165/8 Location The Bayle is one of Folkestone's oldest areas and comprises an attractive combination of mainly period properties leading up to the 13th Century church of St Mary and St Eanswythe and enjoys a distinctly village-like atmosphere.
The property is situated only moments from the hustle and bustle of Folkestone's busy town centre yet remains relatively peaceful.
There is an attractive communal garden nearby and steps leading down to the harbour and new Harbour Arm with its pop-up restaurants and and lighthouse champagne bar.
The Old High Street and Creative Quarter are also nearby.
Folkestone West & Folkestone Central Stations both benefit from High Speed services to London St Pancras with journey times of under an hour.
The M20 (Junction 13), the Channel Tunnel Terminal and Ferry Port of Dover are all within easy reach. Directions From our offices in Sandgate Road, turn right and head through the town centre.
Turn right at Lloyds Bank and walk through The Churchyard which leads into The Bayle. Communal Entrance Communal secure entry door. Stairs up to second floor.
Flat G Entrance Hall (3.27m x 1.13m (10' 9" x 3' 8")) Living Room (4.99m x 4.4m (16' 4" x 14' 5")) Narrowing to 3.91m.
Kitchen (2.61m x 2.05m (8' 7" x 6' 9")) Bedroom (4.14m x 3.69m (13' 7" x 12' 1")) Bathroom (2.61m x 1.3m (8' 7" x 4' 3")) 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 property has a 999 year lease from 2021.
Service Charge We have been informed by our vendor that the service charge for this property is £1521.78 per annum which includes buildings insurance and maintenance reserve fund contribution.
Ground Rent We have been informed by our vendor that the ground rent is a peppercorn. 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
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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
FAQ
About Flat G The Priory, 2, The Bayle, Kent
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