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See how verdicts work2-bedroom flat · CT20 2RT
Sold STCReduced £25k (−20%) on 26 OctListed 241 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
For sale by Modern Method of Auction; Starting Bid Price £125,000 plus Reservation Fee.
Located within the highly sought-after West End of Folkestone, this charming two-bedroom flat occupies the second floor of the building and boasts a share of freehold.
With its convenient proximity to the Town Centre and excellent transport links, this property presents an ideal opportunity for first-time buyers looking to secure a foothold in the market or for astute investors seeking a promising rental prospect.
Upon entering the property, you are welcomed into a bright and spacious living area, offering a versatile space for relaxing and entertaining.
The room benefits from large windows that flood the space with natural light, creating an inviting ambience.
The neutral decor provides a blank canvas for personalisation and modernisation, offering endless design possibilities to suit your individual style preferences.
The kitchen provides ample storage and workspace, making meal preparation a breeze. With a little creativity and vision, this area can be transformed into a contemporary and functional culinary space.
Additionally, the convenient layout allows for seamless flow between the living and dining areas, ensuring effortless hosting of gatherings with family and friends.
The sizeable master bedroom features a large window, overlooking a pleasant green with mature trees, and flooding the room with day-light.
The second bedroom offers versatility, whether utilised as a guest room, home office, or nursery, catering to the diverse needs of the occupants.
Both bedrooms offer ample space for storage and personalisation, ensuring a comfortable and homely environment. The bathroom completes the accommodation.
With a little attention and care, this space can be transformed into a sanctuary, offering a tranquil escape from the hustle and bustle of daily life.
The property also benefits from ample storage opportunities throughout, ensuring that clutter is kept at bay and creating a streamlined living environment.
With some cosmetic updating throughout, this property presents an exciting opportunity for buyers to unleash their creativity and vision, transforming it into a stylish and contemporary residence.
With the right touch and design expertise, this flat has the potential to become a stunning urban retreat, perfectly tailored to modern living requirements.
In summary, this well-located two-bedroom flat offers a fantastic opportunity for buyers looking to establish themselves in a desirable area or for investors seeking a promising rental prospect.
With its convenient location, versatile living spaces, and potential for modernisation, this property represents an excellent investment in both lifestyle and financial terms.
Don't miss the chance to make this property your own and create a stylish urban oasis in the heart of the West End.
Auctioneer Comments: This property is for sale by Modern Method of Auction allowing the buyer and seller to complete within a 56 Day Reservation Period.
Interested parties’ personal data will be shared with the Auctioneer (iamsold Ltd). If considering a mortgage, inspect and consider the property carefully with your lender before bidding.
A Buyer Information Pack is provided. The buyer will pay £349 inc VAT for this pack which you must view before bidding.
The buyer signs a Reservation Agreement and makes payment of a Non-Refundable Reservation Fee of 4.5% of the purchase price inc VAT, subject to a minimum of £7080 inc VAT.
This Fee is paid to reserve the property to the buyer during the Reservation Period and is paid in addition to the purchase price. The Fee is considered within calculations for stamp duty.
Services may be recommended by the Agent/Auctioneer in which they will receive payment from the service provider if the service is taken. Payment varies but will be no more than £450.
These services are optional.
Material Information Construction Type/Materials: To Follow Broadband Coverage: To check broadband and mobile phone coverage please visit Ofcom here: Location Summary Awarded Best Place to Live in The South East by The Times 2024; This coastal town is the very model of modern regeneration for shipshape and stylish living.
Folkestone has seen much regeneration over the past few years, with much more planned going forward, especially surrounding the town centre and Harbour.
Folkestone has a large array of shops, boutiques and restaurants as well as many hotels and tourist attractions.
Folkestone is fortunate to have two High Speed Rail links to London, both offering a London commute in under an hour.
There are great transport links to surrounding towns and cities and easy access to the continent too.
With so much going on and with the future bright, Folkestone is an excellent location to both live and invest in.
Second Floor Lounge/Diner 23' 1" x 16' 3" Kitchen 12' 6" x 11' 1" Bedroom 16' 0" x 12' 6" Bedroom 7' 9" x 6' 10" Bathroom 11' 0" x 7' 0"
Value & comps
No previous sales on record.
See the independent valuation, upside vs guide, and per-strategy max bid for this lot. Sign in to see it.
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 starting price
This is not financial or investment advice. Prop AI Deals is not authorised by the Financial Conduct Authority (FCA) to provide investment advice.
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.
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FAQ
About 31 Augusta Gardens, Folkestone, CT20
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