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See how verdicts work2-bedroom flat · CT20 2DE
For saleListed 33 days
Opportunity summary
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About
A beautifully presented two bedroom retirement apartment located on the third floor, boasting walk on balcony.
This spacious apartment features a modern fitted kitchen with integrated appliances, a spacious and welcoming living/dining room, two double bedrooms, and a contemporary shower room.
The apartment benefits from newly laid carpets and freshly decorated.
At Turnbull Place, residents can enjoy access to beautifully landscaped communal gardens and a welcoming Homeowners' Lounge, where a variety of social events and activities take place, creating a vibrant and friendly community atmosphere.
Development Summary Completed in early 2014 Turnbull Place is a wonderful development of 25 one and two bedroom private apartments built by award winning developers McCarthy & Stone.
Specifically designed for ‘Retirement Living’ for those over 60 years of age.
The development enjoys a host of facilities for the benefit of the homeowners including a super communal lounge, a lift serving all floors, a mobility scooter store and a landscaped communal garden.
Further peace of mind is found in the service provided by the House Manager who oversees the smooth running of the development.
There is also a 24 hour emergency call system in the apartments and communal areas. A guest suite is available to accommodate family and friends for which a fee is chargeable.
Turnbull Place is situated in a sought after central location close to the town centre, bus station and seafront. The nearby railway station provides a high speed rail link to London.
Apartment Overview A beautifully presented two-bedroom retirement apartment located on the third floor, offering bright, spacious and versatile accommodation throughout.
The welcoming living/dining room provides an excellent space for both relaxing and entertaining, while the modern fitted kitchen features a range of integrated appliances.
The apartment benefits from a generous principal bedroom and a second double bedroom, which could also be utilised as a study, hobby room or guest accommodation.
A contemporary bathroom, stylish oak veneered doors, and underfloor heating.
A fantastic opportunity to enjoy secure and independent retirement living in a well-maintained and highly desirable development.
Social Lifestyle The Communal Lounge is at the heart of the community at Tunbull Place and is where the majority of social gatherings take place.
They're a perfect opportunity to meet your neighbours and make new friends, but there's never any obligation to join in, you can socialise as much or as little as you want.
Landscaped Gardens The communal landscaped gardens with seated patio areas, offer a scenic place to relax and chat with friends, particularly in the summer months.
All communal areas are maintained by Your McCarthy Stone, so you can relax and enjoy them with new found friends Car Parking Parking is by allocated space subject to availability.
The fee is £250 per annum. Permits are available on a first come, first served basis. Please check with the House Manager on site for availability.
Service Charge (Breakdown) • Cleaning of communal windows & external windows • Water rates for communal areas and apartments • Electricity, heating, lighting and power to communal areas • 24-hour emergency call system • Upkeep of gardens and grounds • Repairs and maintenance to the interior and exterior communal areas • Contingency fund including internal and external redecoration of communal areas • Buildings insurance Service charge of £5,924.30 per year (until financial year ending 30/09/2027).
The service charge does not cover external costs such as your Council Tax, electricity or TV, but does include the cost of your House Manager, your water rates, the 24-hour emergency call system, the heating and maintenance of all communal areas, exterior property maintenance and gardening.
Find out more about service charges please contact your Property Consultant or House Manager.
Lease Information Lease 125 Years from 2014 Ground Rent £495pa Ground rent review: Apr-29 Moving Made Easy & Additional Information Moving is a huge step, but don’t let that hold you back.
We have a range of services to help your move go smoothly, including: • free Entitlements Advice to help you find out what benefits you may be entitled to that can assist with service charges or living costs.
• Part Exchange service to help you move without the hassle of having to sell your own home. • Removal Services that can help you declutter and move you in to your new home.
• Conveyancing specialists who are experienced with sales and purchases of McCarthy Stone retirement properties.
For more information check our webpage additional services or speak with our property consultant • Full Fibre Broadband available • Mains water and electricity • Electric room heating • Mains drainage
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.
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FAQ
About 25 Turnbull Place, Ingles Road, Folkestone
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