2-bedroom terraced house · CT18 7TT
Sold STCListed 24 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Guide price £260,000 to £270,000. This beautifully presented two-bedroom terraced house on Storey Crescent is a home that offers considerably more than first meets the eye.
Thoughtfully updated throughout with modern décor and flooring, it is ready to move straight into and would make an excellent choice for a first-time buyer looking to take their first step onto the property ladder, while also offering plenty of appeal to those seeking a sound investment with attractive rental potential.
The property has a wonderfully practical layout, with spacious rooms throughout and a real sense of versatility.
The separate lounge is a particularly generous reception room, with a large front-facing window flooding the space with natural light.
There is ample room for comfortable seating, while the generous proportions could also accommodate a home-working area or children's play space.
To the rear, the modern kitchen/diner provides a lovely social hub for everyday life.
Fitted with contemporary white units, an integrated oven and gas hob, there is also space for a washing machine, dishwasher and fridge freezer.
The dining area comfortably accommodates a table and chairs, making it a great space for relaxed meals and entertaining. A downstairs WC adds further convenience.
Upstairs are two genuinely spacious double bedrooms, offering the kind of room sizes that are increasingly difficult to find in modern homes.
The principal bedroom measures approximately 15'5” x 11'5” which is exceptionally large for a double bedroom, the current owners have a Queen size bed and open wardrobe storage.
While the second bedroom is approximately 15'9” x 8'6”, again a very well sized double bedroom with space for wardrobes. A modern family bathroom with shower over the bath completes the first floor.
There's plenty of storge options throughout the house including a boarded loft.
Outside, the property continues to impress with an attractive private east-facing garden, predominantly laid to lawn with a patio and pathway leading to the rear gate.
The garden is complemented by a versatile powered garden office, currently used as a workspace but equally suited to becoming a summer house, children's playroom, hobby room or home gym.
The rear access also leads to the allocated parking space, providing the convenience of off-road parking.
Positioned within a quiet cul-de-sac, Storey Crescent is ideally placed for everyday amenities, with local shops, a dentist and hairdressers approximately 0.4 miles away.
For first-time buyers, the combination of generous accommodation, manageable outdoor space and useful additional facilities makes this a particularly appealing opportunity to create a home of your own.
For landlords and investors, the two double bedrooms, excellent living space, garden office and convenient location combine to create a highly versatile property with strong rental appeal.
Estate charges of £317.24p/a and £5p/a paid to HomeGround for maintenance of the car park. EPC to follow
Value & comps
No previous sales on record.
Returns
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We're still gathering serviced-accommodation data for this area.
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.
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FAQ
About 24, Storey Crescent, Folkestone
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