2-bedroom flat · CT20 1PX
To rentReduced £100 (−8.3%) on 23 OctListed 28 days
Opportunity summary
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About
PROPERTY DETAILS Martin & Co are delighted to offer to the rental market this beautifully presented, newly redecorated two-bedroom apartment, ideally situated on the sought-after Marine Parade in Folkestone.
The accommodation comprises a bright and welcoming open-plan living and kitchen area, providing an excellent space for both relaxing and entertaining while taking full advantage of the impressive and uninterrupted sea views.
The kitchen is well positioned within the open-plan layout, creating a sociable and practical living environment, as well as provides space for you to bring along your own white goods.
The property benefits from two generously sized double bedrooms. The smaller of the two bedrooms is complemented by a shower en-suite, while the property also has a separate family bathroom.
Having recently undergone redecoration, the apartment is presented in a fresh and neutral style, with crisp white walls and plush grey carpets throughout, creating a clean, modern and inviting feel.
The property is ready for a new tenant to move straight in and make it their home.
Situated on Marine Parade, the apartment is perfectly placed for enjoying Folkestone's beautiful coastline, seafront and local amenities, while the town centre and its wide range of shops, restaurants, cafés and leisure facilities are also within easy reach.
APPLICANT PROFILE Applicants are assessed on affordability: this property is available to applicants with a combined annual income of at least £36,000.
We can consider the following forms of income: * Basic salary for contracted hours, * Tax Credits * Pensions, or a combination of the above Income types considered on a case by case basis: * Commission * Self-employment * Dividends * Liquid funds * Benefits supported by an award letter.
Where an applicant does not meet the affordability criteria on their own, a suitable guarantor may be considered.
We welcome applications from households of all types, including families with children.
This property is suitable for a maximum of 4 occupants, in accordance with statutory overcrowding rules (Housing Act 1985), which set legal limits based on the number and size of rooms available for sleeping.
This property is not suitable for sharers.
Applications from unrelated adults forming a house share cannot be considered due to property suitability constraints and restrictions set in the lease and insurance of the property.
Applicants may request consent to keep a pet. All requests will be considered fairly and reasonably. Smoking is not permitted inside the property.
Holding Deposit & Referencing A refundable holding deposit of £275.00 is payable upon acceptance of your application.
Applicants are expected to undergo referencing, including: * A clean or satisfactory credit profile * Evidence of income * A positive landlord reference (if currently renting) Consideration will be given to applicants who are legally disabled or in receipt of Personal Independence Payment (PIP), formerly Disability Living Allowance (DLA), when assessing affordability and suitability.
Applicants must provide a Government issued photographic ID and proof of current address (utility bill, council tax bill, employer letter).
Please note we cannot accept bank statements or mobile phone bills.
Your cooperation with the referencing process helps ensure a smooth and prompt progression of your application (subject to contract and referencing).
For full details or to arrange a viewing, please contact Martin & Co.
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
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FAQ
About Marine Parade, Folkestone
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