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See how verdicts work2-bedroom flat · CT20 2LR
Sold STCReduced £60k (−23.1%) on 26 OctListed 260 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
The Ilchester Suite is a superb apartment in this handsome Historic Grade II listed building commanding spectacular Westerly sea views.
The generous accommodation boasts many period features with high ceilings and wonderful sea views from the living room and private balcony.
The apartment also boasts two good size bedrooms, a large kitchen and an internal bathroom.
The apartment does offer the convenience of a lift facility and is well situated along the famous Leas promenade.
The property is being sold with a long lease, no onward chain and viewing is strictly via the sole agents Reeds Rains Folkestone Branch.
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.
FOL210046/2 Location Situated in the heart of the West End of Folkestone, this apartment is located just a short stroll from The Leas promenade.
A ten minute walk from the high speed rail station, offering fast services to St Pancras in under an hour and with well regarded primary and secondary schools within walking distance.
Folkestone is fast being recognised by commuters as the perfect place to be with it's well priced housing stock, easy access to London and glorious situation by the sea.
The West End of Folkestone is lined with period properties and also features The Grand with it's beautiful seaside promenade, frequented at the turn of the century by Royalty and High Society.
There are plenty of bars, cafes and restaurants as well as numerous shops and local amenities.
The nearby harbour area includes the renowned Rocksalt restaurant and a huge regeneration programme proposed in coming years, together with the already established 'creative quarter'.
History Of The Grand The Grand was built approximately 100 years ago in what was then one of the most fashionable and prosperous coastal towns.
Initially the property was constructed as a gentleman's club and designed by a local builder who was known to be at the forefront of innovative design.
The Grand was frequently used by King Edward VII as well as many other noted regular visitors/inhabitants over the years to include Agatha Christie, who wrote on the Orient Express and Michael Caine amongst many others.
Residents Lobby Revolving door to impressive lobby area with wood panel walls and intercom to apartments. Access to residents lounge of the ground floor.
Residents Entrance From the moment you enter The Grand via the revolving entrance door you get the sense of history and grandiose with wood panelled walls and decorative domed atrium.
Lift facility to Ilchester Suite (first floor).
The Ilchester Suite Entrance Hall 5m x 1.8m (16' 5" x 5' 11") Living Room 6.9m x 4.6m (22' 8" x 15' 1") Balcony 3.2m x 1.75m (10' 6" x 5' 9") Wrought iron railings with views to the sea across The Leas and to the west towards The Metropole.
Kitchen 4.27m x 3m (14' 0" x 9' 10") Bedroom 1 5.4m x 3.2m (17' 9" x 10' 6") Bedroom 2 4.27m x 3m (14' 0" x 9' 10") Bathroom 2.1m x 1.8m (6' 11" x 5' 11") Lease Details We have been informed by our vendor the lease is 999 year from 1987.
Service Charge We have been informed by our vendor that the service charge for 2024/2025 is £5685.10 per annum.
Ground Rent We have been informed the ground rent is £50 per annum Communal Garden We understand that residents of The Grand enjoy the communal use of Terlingham Gardens to the easterly side of the building.
Parking The property is well located close to a number of free parking zones within walking distance of The Grand.
There is also an adjoining independent garage complex that rents individual garages subject to availability. Council Tax Band Band C. EPC Rating EPC - Exempt
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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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
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FAQ
About The Leas, Folkestone, Kent, CT20
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