Broomfield Road, Folkestone, CT19 4DH

Freehold investment opportunity - Two self-contained units - Cash Buyers Only.

An exciting opportunity to acquire a freehold property comprising of two separate, self-contained dwellings, offering fantastic scope for refurbishment and value enhancement.

The property consists of a spacious three-bedroom maisonette arranged over the upper floors, along with a one-bedroom ground floor flat benefiting from its own private garden and parking to the rear.

Both units require full refurbishment, with no kitchens or bathrooms currently installed, presenting a blank canvas for investors or experienced renovators to modernise and add significant value.

Once updated, the property would suit a variety of exit strategies including resale, long-term rental investment, or multi-generational living.

This is an ideal project for cash buyers seeking a development opportunity with strong potential in a desirable location.

This property is for sale by the Modern Method of Auction, should you view, offer or bid on the property, your information will be shared with the Auctioneer, iamsold.

Room sizes: Lounge 14'2 x 12'8 (4.32m x 3.86m) Bedroom 12'4 x 9'8 (3.76m x 2.95m) Proposed Kitchen Proposed Bathroom Landing Lounge 12'4 x 12'4 (3.76m x 3.76m) Proposed Kitchen Proposed Bathroom Landing Bedroom 1 14'4 x 7'6 (4.37m x 2.29m) Bedroom 2 12'9 x 11'6 (3.89m x 3.51m) Bedroom 3 13'3 x 12'9 (4.04m x 3.89m) Rear Garden Auctioneer's comments This property is for sale by the Modern Method of Auction.

Should you view, offer or bid on the property, your information will be shared with the Auctioneer, iamsold.

This method of auction requires both parties to complete the transaction within 56 days of the draft contract for sale being received by the buyers solicitor.

This additional time allows buyers to proceed with mortgage finance (subject to lending criteria, affordability and survey).

The buyer is required to sign a reservation agreement and make payment of a non-refundable Reservation Fee, this being 4.5% of the purchase price including VAT, subject to a minimum of £6,600.00 including VAT.

The Reservation Fee is paid in addition to purchase price and will be considered as part of the chargeable consideration for the property in the calculation for stamp duty liability.

Buyers will be required to go through an identification verification process with iamsold and provide proof of how the purchase would be funded.

This property has a Buyer Information Pack which is a collection of documents in relation to the property.

The documents may not tell you everything you need to know about the property, so you are required to complete your own due diligence before bidding.

A sample copy of the Reservation Agreement and terms and conditions are also contained within this pack.

The buyer will also make payment of £349 including VAT towards the preparation cost of the pack, where it has been provided by iamsold.

The property is subject to an undisclosed Reserve Price with both the Reserve Price and Starting Bid being subject to change.

The seller can instruct iamsold to agree a sale without a bidding process taking place or prior to a closing date.

No further bids can be accepted after a buyer has paid a Reservation Fee referral arrangements Wards and Auctioneer may recommend the services of third parties to you.

Whilst these services are recommended as it is believed they will be of benefit; you are under no obligation to use any of these services and you should always consider your options before services are accepted.

Where services are accepted the Auctioneer or Wards may receive payment for the recommendation and you will be informed of any referral arrangement and payment prior to any services being taken by you.

To view or make A bid - Contact Wards The information provided about this property does not constitute or form part of an offer or contract, nor may it be regarded as representations.

All interested parties must verify accuracy and your solicitor must verify tenure/lease information, fixtures & fittings and, where the property has been extended/converted, planning/building regulation consents.

All dimensions are approximate and quoted for guidance only as are floor plans which are not to scale and their accuracy cannot be confirmed.

Reference to appliances and/or services does not imply that they are necessarily in working order or fit for the purpose.

We are pleased to offer our customers a range of additional services to help them with moving home. None of these services are obligatory and you are free to use service providers of your choice.

Current regulations require all estate agents to inform their customers of the fees they earn for recommending third party services.

If you choose to use a service provider recommended by Wards, details of all referral fees can be found at the link below.

If you decide to use any of our services, please be assured that this will not increase the fees you pay to our service providers, which remain as quoted directly to you.

Council Tax band: B Tenure: Freehold