3-bedroom flat · CT19 5QN
For saleReduced £99k (−33.1%) on 16 SepListed 826 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Detailed Description Guide price £299,000 Freehold Investment A three-bedroom maisonette and a commercial shop less than a mile from Folkestone Central station is being offered to the market as an investment at 7.5% yield.
The property consists of a ground floor retail shop and a three bedroom maisonette which has a seperate access.
The front door leads into a good sized entrance where there is a bathroom to the left which has a seperate corner bath and shower cubicle.
The bathroom has laminate flooring and is part tiled on the wall. There is a utility room adjacent which has a stainless steel sink.
The ground floor also consists of the kitchen which has a generous amount of cupboards, there is an integrated electric hob and cooker.
There is also an open plan living room and open plan dining room. The first floor consists of two double bedrooms and a single bedroom, all with built in storage.
There is also a useful cupboard on the landing. There is Gas Central Heating and Double Glazing.
Externally, there is a small decking area suitable for a table and chairs The ground floor is a commercial shop which is approx 136 sq m of ground floor space which is currently leased on a Fri lease.
Tenancies Commercial - A lease renewal of 5 years from 25th March 2023 at £10,500 per annum. The owner has confirmed that all rent has been paid on-time for 18 years.
Residential - An AST was formed on 16th February 2023 at a rent of £995 per month - The owner has confirmed that all rent has been paid on-time.
Use: E Use Class Energy Performance Certificate: 105 (E) - Full EPC available upon request.
Services: Water, Drainage, Gas and Electricity Rateable Value: £7,000 (Folkestone and Hythe District Council (2023/2024). Small Business Rates Relief eligible.
Council Tax: Band B Viewing Strictly by appointment through Motis Estates Chartered Surveyors in Folkestone.
Or subject to contract (This firm operates a Complaints Handling Procedure, details of which are available upon request).
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.
Area
Agent & docs
FAQ
About 25-27, Blackbull Road, Folkestone
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