2-bedroom flat · CT20 2AS
Let agreedReduced £105 (−9.5%) on 23 SepListed 54 days · slow let
Opportunity summary
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About
Detailed Description A Modern apartment within easy reach of Folkestone Town Centre and mainline train station.
Located near the town centre, the apartment is only a short distance from a diverse range of high street shops, independant traders and supermarkets as well as a wide range of restaurants and bars.
Folkestone Central train station is approximately 5 minutes level walking distance and provides a high speed service into Central London as well as mainline rail services across Kent and beyond.
The vibrant Harbour Area is within easy walking distance and boasts features such as the Harbour Arm and the cobbled streets of the Old High Street.
This two bedroom apartment is positioned on the ground floor and accommodation includes: Lounge/dining area: T.V.
Point, telephone point, laminate flooring Kitchen: Fitted kitchen with integrated appliances (fridge, freezer, washer dryer, electric oven & hob, extractor hood) wall and base units, worktops and tiled splashbacks, laminate flooring Bedroom one: Double bedroom with T.V.
Point, fitted carpet Bedroom two: Single bedroom with T.V.
Point, fitted carpet Bathroom: W.C., wash hand basin, bath with overhead shower, heated towel radiator, laminate flooring The property benefits from gas central heating and double glazing.
Please contact Motis Estates on . The tenant is responsible for:- a) Rent - should be paid at regular, specified intervals. The amount charged will usually be equally split across the tenancy.
B) A Refundable Tenancy Deposit - 5 weeks deposit paid prior to the start of the tenancy.
C) A Refundable Holding Deposit - 1 weeks holding deposit to secure the property - this is due before the referencing commences (please note - if your referencing is declined the 1 weeks Holding Deposit will not refunded).
The 'deadline for agreement' for both parties is usually 15 days after a holding deposit has been received by the Landlord or Agent (unless otherwise agreed in writing).
D) Default Fees - Late payment of rent over 14 days overdue or a lost key/security device giving access to the housing.
When notice is served - Rent paid throughout the notice period of 2 months is payable for the full term, unless a new tenant can move into the property, the rent is due up until the day before the new tenant moves in.
E) Council Tax, Utility and communication services - Paying the bills in accordance with the tenancy agreement, which includes the Council Tax, utility payments (gas, electricity, water) and communication services (broadband, TV, Phone)
Value & comps
No previous sales on record.
Rental comparables are shown in the Rental section below. Sold comparables remain for area capital context only.
Returns
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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
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FAQ
About Flat 1 Tranquility House 39, Cheriton Gardens, Folkestone
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