2-bedroom flat · TN28 8LG
For saleListed 584 days
Opportunity summary
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About
Detailed Description The property is situated to the south east of New Romney just off the A259 coastal road.
New Romney is located between Folkestone (13 miles to the east), Hastings (18 miles to the west) and Ashford (12 miles to the north).
Junctions 10a and 11 of the M20 Motorway are approximately 11 and 9 miles respectively, providing access to the motorway network, Channel Tunnel and Dover Port The property is mixed use property which consists of a former cafe on the ground floor which has a cold store at the rear.
The shop has LED lighting, an extraction system, a gas supply which has been capped, cold store and rear entrance for deliveries.
There is a shared courtyard to the rear with the residential tenant, there is a former walk in freezer area, storage shed and w.c. The upper parts are residential which is accessed from the rear.
The property benefits from a living room and kitchen which has an integrated fridge/freezer and cooker/hob.
On the first floor, there is a bedroom with walk in wardrobe, a second bedroom and a bathroom. There are UPVC windows throughout.
The ground floor commercial unit is 570 sq ft The first floor residential unit is 595 sq ft Both properties are on separate titles.
Price: £250,000 VAT: Exempt Energy Performance Certificate: Tbc Please do not hesitate to contact, Kris Foster mrics from Motis Chartered Surveyors in Folkestone for further details on .
Motis Estates for themselves and their clients give notice that: 1) They have not authority to make or give any representations or warranties in relation to the property.
These particulars do not form part of any offer of contract and must not be relied upon as statements or representations of fact.
2) Any areas, measurements or distances are approximate The text, photographs and plans are for guidance only and are not necessarily comprehensive.
It should not be assumed that the property has all necessary planning, building regulation or any consents and Motis Estates have not tested any services, equipment or facilities.
3) Tenants must satisfy themselves by inspection or otherwise. 4) All rents and prices are quoted exclusive of VAT unless otherwise stated.
Value & comps
No previous sales on record.
Returns
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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 4, Station Road, New Romney
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