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See how verdicts work2-bedroom flat · CT20 1SN
For saleReduced £60k (−37.5%) on 25 OctListed 126 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Offered to the market chain free, this well-presented two-bedroom ground floor apartment enjoys an enviable central Folkestone location, perfectly positioned equidistant between the vibrant Harbour Arm and the characterful Old High Street.
Combining convenience with coastal charm, the property is ideally placed to enjoy the town’s eclectic mix of independent shops, cafés, restaurants, and seaside attractions.
Internally, the apartment is decorated in neutral tones throughout, creating a bright and welcoming atmosphere that is ready for a new owner to move straight into and make their own.
The spacious dual-aspect lounge/diner is filled with natural light, providing a comfortable and versatile living space for both relaxing and entertaining.
A well-maintained kitchen offers practical workspace and storage, while the neatly appointed bathroom is presented in excellent order.
There are two well-proportioned bedrooms, making the apartment equally suited to first-time buyers, those seeking a convenient coastal bolthole, or investors looking for a desirable location with broad appeal.
Further benefiting from a long lease and ground floor accessibility, this attractive home presents an excellent opportunity to secure a property in the heart of one of Kent’s most exciting seaside towns.
Perfect as a first home, a weekend retreat, or a smart addition to a property portfolio, this apartment offers comfortable living in a prime central setting.
Material Information Construction Type/Materials: Brick and Block Broadband Coverage: To check broadband and mobile phone coverage please visit Ofcom here: Identification Checks If an offer is accepted on a property marketed by Miles & Barr, all purchasers are required to complete ID verification checks.
This is a legal obligation under Anti-Money Laundering Regulations. We use a specialist third-party company to carry out these checks.
The fee is £60 (including VAT) per person or £120 (including VAT) if purchasing under a company name, payable once the offer is agreed and before the sales memorandum is issued.
Please note that this charge is non-refundable.
Location Summary Awarded Best Place to Live in The South East by The Times 2024; This coastal town is the very model of modern regeneration for shipshape and stylish living.
Folkestone has seen much regeneration over the past few years, with much more planned going forward, especially surrounding the town centre and Harbour.
Folkestone has a large array of shops, boutiques and restaurants as well as many hotels and tourist attractions.
Folkestone is fortunate to have two High Speed Rail links to London, both offering a London commute in under an hour.
There are great transport links to surrounding towns and cities and easy access to the continent too.
With so much going on and with the future bright, Folkestone is an excellent location to both live and invest in.
Hall Bathroom 5' 3" x 2' 6" Kitchen 5' 3" x 7' 8" Lounge/Diner 21' 1" x 14' 0" Bedroom 11' 2" x 11' 8" Bedroom 11' 2" x 7' 10"
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 The Parade, Folkestone, Kent, CT20
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