1-bedroom flat · CT19 4DP
Listing removedReduced £10k (−11.1%) on 1 JulListed 248 days
Opportunity summary
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About
Reeds Rains are delighted to bring to the market this top floor one-bedroom flat offers a superb opportunity for buyers looking to be close to Cheriton High Street and Folkestone West railway station.
The accommodation comprises a lounge, separate kitchen, double bedroom, and bathroom.
The apartment comes with a 113-year lease and is well situated being close proximity to transport links, shops, and local amenities.
Located in a popular and well-connected area of Folkestone, this is a rare chance to secure a property with great potential in a sought-after location.
Important Note to Potential Purchasers & Tenants: We endeavour to make our particulars accurate and reliable, however, they do not constitute or form part of an offer or any contract and none is to be relied upon as statements of representation or fact.
The services, systems and appliances listed in this specification have not been tested by us and no guarantee as to their operating ability or efficiency is given.
All photographs and measurements have been taken as a guide only and are not precise. Floor plans where included are not to scale and accuracy is not guaranteed.
If you require clarification or further information on any points, please contact us, especially if you are traveling some distance to view.
Potential purchasers: Fixtures and fittings other than those mentioned are to be agreed with the seller.
Potential tenants: All properties are available for a minimum length of time, with the exception of short term accommodation. Please contact the branch for details.
A security deposit of at least one month’s rent is required. Rent is to be paid one month in advance. It is the tenant’s responsibility to insure any personal possessions.
Payment of all utilities including water rates or metered supply and Council Tax is the responsibility of the tenant in most cases.
FOL260028/8 Location Cheriton is a vibrant and well-connected part of Folkestone, perfect for families and commuters alike.
Just a ten minute walk to Folkestone West station, you can be whisked to London St Pancras in under 50 minutes via High-Speed Rail – a dream for city workers.
Cheriton boasts excellent schools, from nurseries to secondary options, and close to two Grammar schools, all within walking distance.
The high street is bustling with independent shops, cafes, and essentials, while larger supermarkets and leisure centres are also nearby.
For commuters and travellers, you’re ideally located for access to the M20 motorway and just minutes from the Eurotunnel terminal, offering quick routes to Europe.
Public transport is frequent and reliable, with buses into Folkestone town centre, the Leas, and the harbour arm. Communal Entrance Stairs to first floor access.
Entrance Hall Lounge/Dining Room (5.33m x 3.38m (17' 6" x 11' 1")) Kitchen (2.54m x 2.39m (8' 4" x 7' 10")) Bedroom (3.53m x 3.33m (11' 7" x 10' 11")) Bathroom (2.03m x 1.27m (6' 8" x 4' 2")) Lease Details We have been informed by our vendor that the property has a 150 year lease from 1989.
Service Charge We have been informed by our vendor that the service charge is £950 per annum. Ground Rent We have been informed by our vendor that the ground rent is £125 per annum.
Council Tax Band - A EPC Rating EPC - C
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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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.
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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
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FAQ
About Flat 3, 326, Cheriton Road, Kent
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