We've tightened what earns a Pursue. A home now needs a published valuation, a strategy that still makes money after real running costs and lender stress tests, and no listing problems that would stop a mortgage. You'll see fewer Pursues, and each one has been checked harder.
See how verdicts work1-bedroom flat · CT19 4JH
No longer listedListed 613 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
*** For Sale Via The Good Estate Agent Online Auction Powered By Bamboo Auctions. *** Investment Opportunity * Spacious One Bed Apartment With Tenant In Situ * For Partial Refurbishment.
Enquire and book online quoting reference 21829 This spacious apartment benefits from being totally independent from the other six flats in the block as it has its own direct access from the street.
Internally the property is well proportioned with a good size lounge, independent kitchen, tiled shower room and separate bedroom.
Benefitting from double glazed windows and gas central heating throughout. The bathroom needs complete renovation and the kitchen also needs some attention.
Located in Cheriton there are plenty of local shops, supermarkets, restaurants and other amenities. Primary schools, grammar schools and colleges in the area.
Folkestone town centre is around 2 miles away.
From Folkestone West railway station, 0.7 miles away, you can join the rail network with regular trains to London via the High Speed Link in under an hour.
There is a good local bus service and easy access to the M20. There is a free public car park at the rear of the building. The property is being offered with a tenant in situ.
Lease: 97 years remaining. Rental income £750 pcm. Ground rent £250 pa. Service charge £2820.40pa. *** For Sale Via The Good Estate Agent Online Auction powered by Bamboo Auctions.
*** Auction end date and time: Monday 9th June at 12:00pm The auction will be exclusively available online via our website including the legal pack information.
The registration process is extremely simple and free. Please visit The Good Property auctions website, and click on the 'online auctions' in the top right corner.
A 'register' button can be found on this page or by clicking into the individual listing. Stage 1) Register your email address, create a password and confirm your account.
Stage 2) View the legal pack and arrange any viewings Stage 3) If you would like to bid, use the 'dashboard' button and complete your id check and enter your payment and solicitors details Stage 4) You are ready to bid - Good Luck!
No deposit monies are required before you bid. Guide price(s) are an indication of the seller's expectation. Reserve price(s) are a figure below which the auctioneer cannot sell the lot at auction.
The reserve price is not disclosed and remains confidential between the seller and the auctioneer and is set within the guide range.
A legal pack and special conditions are available to download to anyone who has registered.
It is the purchaser's responsibility to make all necessary legal and financial enquiries prior to placing any bids. Some Vendors may consider offers prior to the auction.
These offers can only be submitted via The Good Estate Agent and under auction conditions. The complete legal pack would need to be inspected before an offer would be considered.
Please get in touch if you have any questions regarding Online auctions or would like to arrange a viewing. Council Tax Band The council tax band for this property is A.
Value & comps
No previous sales on record.
See the independent valuation, upside vs guide, and per-strategy max bid for this lot. Sign in to see it.
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 starting price
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
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FAQ
About 39b, Risborough Lane, Folkestone
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