3-bedroom flat · CT20 3BX
Listing removedReduced £55 (−4.6%) on 20 JulListed 122 days · slow let
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
A charming and spacious 3 bedroom maisonette in the heart of Sandgate. On the first floor there is a large kitchen/diner and a large south facing sunny lounge with some period features and sea views.
Upstairs there is the large sunny master bedroom with further sea views and additionally one double and one single bedroom. A family bathroom with shower. The property also benefits from good storage.
GCH Costs & Fees - Holding Deposit £265 (1 week’s rent). This will be deducted from the first month’s rent.
The Deposit is refundable in the following circumstances - IN FULL If the offer is not accepted by the Landlord or The Landlord withdraws the property or If the Landlord decides the references are unsatisfactory or The Landlord does not agree the SPECIAL CONDITIONS requested.
The Holding Deposit is NOT refundable: If the tenant makes additional requests such as permission to keep a pet, wanting a permitted occupier, wanting the landlord to provide items not already offered as part of the tenancy, specialist cleaning, different rent due days, etc which are then refused by the landlord.
THESE MUST BE ASKED FOR BEFORE YOU MAKE THIS APPLICATION.
Where the tenant provides false or misleading referencing information, a charge will be levied to cover all the landlord’s costs up to a maximum of the deposit paid.
In order to pass the reference checks the applicants should be in receipt of a joint income of at least £31,500 pa.
Where the tenant does not have the Right to Rent under the Immigration Act 2014 and the landlord or agent did not know and could not reasonably have been expected to know that prior to taking the holding deposit.
If after 15 days the tenant withdraws their offer, or does not take reasonable steps to take up the tenancy during the “deadline for agreement” then a charge will be levied to cover the landlord’s costs up to a maximum charge of the deposit paid.
When you move in we will require (in cleared funds):- Security deposit - £1320 (5 weeks’ rent) First month’s rent in advance.
If you move in part way through a month, you will also be required to pay an apportioned rent for the remainder of that month as well as the next full month’s rent in advance.
/ are not taken into account by the referencing company as they relate to the property you are currently living at and can’t be transferred. This can be overcome if you have a guarantor.
For this property the guarantor would need an annual income of £38,000 pa to pass the guarantor checks.
If a landlord has a mortgage on the property being let, the conditions may prohibit letting to tenants on benefits.
Some landlord insurance policies also expressly forbid landlords letting to people on benefits.
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
We're still gathering serviced-accommodation data for this area.
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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
Agent & docs
FAQ
About Sandgate High Street, Folkestone
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