Guide price
£80,000
1 bed flat for saleDover Road, Folkestone, Kent CT20
1 bed
1 bath
1 reception
Added on
About this property
High Yield B2L Property
Ideal First Time Buy
Separate Entrance
Double Bedroom
Low Service Charge
Close To Folkestone Harbour
Modern Kitchen
Chain free!
Offered to the market with a guide price of £80,000 - £90,000, this surprisingly spacious one bedroom lower ground floor apartment offers an affordable opportunity for both first time buyers and buy-to-let investors, with good sized accommodation, low ongoing costs and a convenient location on Dover Road.
The apartment benefits from its own separate entrance, giving it a little more independence than you might expect from a property at this price point. Inside, the accommodation comprises a generously sized living room, separate kitchen, double bedroom and bathroom. The property has been whitewashed throughout and, while the finish is relatively simple, it is move-in ready and provides a great blank canvas for a buyer wanting to improve or personalise the space over time.
For investors, the combination of a low purchase price, low service charge and peppercorn ground rent makes this a particularly interesting buy-to-let proposition, with the potential to generate an attractive rental yield without the higher entry cost associated with many apartments locally.
Dover Road is well positioned for access into Folkestone town centre, with its shops, cafés and amenities within easy reach, while the increasingly popular Folkestone Harbour and Harbour Arm are also close by. The property would suit anyone wanting an inexpensive base in the town, a first step onto the property ladder, or an addition to an existing rental portfolio.
The apartment is being sold chain free, helping to make the purchase as straightforward as possible.
In our opinion, at £80,000 - £90,000 this represents a great opportunity to acquire a good sized one bedroom apartment in Folkestone with plenty of potential and comparatively low running costs.
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More information
Tenure
Leasehold (118 years)
Service charge
£176 per year
Council tax band
A
Ground rent
Ground rent date of next review
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