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See how verdicts workProperty · CT20 3LB
For saleListed 83 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Hendersons Homes is delighted to present this exceptional investment opportunity comprising a block of 26 garages, generating a strong and reliable rental income for prospective investors.
Situated in the sought-after area of Cheriton, between Church Road and St Martins Road, the site offers an attractive income-producing asset with future potential for redevelopment, subject to the necessary planning permissions (STPP).
The current owner has held 26 of the 28 garages within the block for several decades.
The portfolio currently generates an income of just over £2,000 per calendar month, representing an approximate gross return of 8%.
At the time of marketing, 25 garages are let to individual tenants at £90 per calendar month, with just one garage currently vacant, offering an immediate opportunity to increase the rental income.
To respect the privacy of the existing tenants, viewings are to be conducted externally on an unaccompanied basis during daylight hours only.
Prospective purchasers are asked to exercise due care and attention when inspecting the site and do so entirely at their own risk.
Neither the seller nor Hendersons Homes accepts any liability for any accident, injury, loss, or damage arising from an inspection of the property.
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
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.
Area
Agent & docs
FAQ
About St. Martins Road, Folkestone, CT20 3LB
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