1-bedroom flat · CT20 1LW
For saleReduced £10k (−7.1%) on 27 AugListed 190 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Reeds Rains are pleased to present this impressive one-bedroom ground floor apartment, ideally situated in the heart of Folkestone town centre and boasting a private balcony with views over the newly developed F51 skatepark.
The property offers well-proportioned accommodation, including a spacious open-plan living and kitchen area, a comfortable double bedroom, and a contemporary shower room.
The balcony, accessed directly from the bedroom, provides a generous outdoor space perfect for relaxing.
Offered to the market with no onward chain, this fantastic apartment is expected to generate strong interest, and early viewing is highly recommended.
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.
FOL260084/8 Location A surprisingly private and peaceful living space situated only moments from the hustle and bustle of Folkestone's town centre.
Nearby there are steps leading down to the beach, harbour and new Harbour Arm with its pop-up restaurants and lighthouse champagne bar.
The new Folkestone F51 skate park, Old High Street and Creative Quarter are also nearby.
Folkestone West & Folkestone Central Stations both benefit from High Speed services to London St Pancras with journey times of under an hour.
The M20 (Junction 13), the Channel Tunnel Terminal and Ferry Port of Dover are all within easy reach. Communal Entrance Via secure entry door, ground floor access to the flat.
Leasehold Information We have been informed by our vendor that the property has a 125 year lease from 2010.
Service Charge We have been informed by our vendor that there is no service charge payable for this flat. The property is liable for 1/3rd of the annual buildings insurance.
Ground Rent We have been informed by our vendor that the annual ground rent is £75 per annum. Council Tax Band - A EPC Rating EPC - E
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 advisors 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 Ground Floor Flat, 4, St. Michaels Street, Kent
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