3-bedroom flat · CT20 2PU
Listing removedListed 112 days · slow let
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
A superb 3 bedroom, second floor flat in the heart of the popular West End. There is a magnificent open plan kitchen/ lounge diner with wonderful period features.
The kitchen comes with integral appliances, electric oven and gas hob, a breakfast bar and a large array of cupboards and storage.
There is a wonderfully light area to relax in with a superb curved ceiling and period features. Master bedroom with en-suite shower and built in wardrobe.
A further double bedroom and a single bedroom. Family bathroom with bath. GCH. Opposite are the wonderful Grimston Gardens to enjoy on a summers day.
The property is an easy walk to the train station and the High Speed link to London. Would suit professional couple - not suitable for young children.
Costs & Fees - Holding Deposit £295 (1 week’s rent). This will be deducted from the first month’s rent.
The Holding Deposit is not refundable: If the tenant makes additional requests which are then refused by the landlord. THESE MUST BE ASKED FOR BEFORE YOU MAKE THIS APPLICATION.
Where the tenant provides false or misleading referencing information, a charge will be levied to cover all the landlord’s costs up to a maximum of the deposit paid.
In order to pass the reference checks the applicants should be in receipt of a joint income of at least £39,000 pa.
Where the tenant does not have the Right to Rent under the Immigration Act 2014 and the landlord or agent did not know and could not reasonably have been expected to know that prior to taking the holding deposit.
If after 15 days the tenant withdraws their offer, or does not take reasonable steps to take up the tenancy during the “deadline for agreement” then a charge will be levied to cover the landlord’s costs up to a maximum charge of the deposit paid.
When you move in we will require (in cleared funds):- Security deposit - £1485 (5 weeks’ rent) First month’s rent in advance.
If you move in part way through a month, you will also be required to pay an apportioned rent for the remainder of that month as well as the next full month’s rent in advance.
/ are not taken into account by the referencing company as they relate to the property you are currently living at and can’t be transferred. This can be overcome if you have a guarantor.
For this property the guarantor would need an annual income of £47,000 to pass the guarantor checks.
If a landlord has a mortgage on the property being let, the conditions may prohibit letting to tenants on benefits.
Some landlord insurance policies also expressly forbid landlords letting to people on benefits.
Value & comps
No previous sales on record.
Rental comparables are shown in the Rental section below. Sold comparables remain for area capital context only.
Returns
We're still gathering serviced-accommodation data for this area.
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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 Grimston Gardens, Folkestone
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