Cheriton Road, Folkestone, CT20
By Motis Estates
£ 300,000
Reviews
2 out of 5 stars
Motis Estates says ..
An opportunity to purchase a current D1 use property in the heart of Folkestone for community use with potential for change of use to 1 x 2 bedroom flat and 1 x 1 bedroom flat. The property has recently had planning permission refused reference 21/1770/FH but can be appealed.
Property Oracle says ..
This property on Cheriton Road, Folkestone, presents a unique investment opportunity, but one that requires careful consideration. The building itself possesses architectural character, though it is currently in the midst of substantial renovation. The images indicate a property stripped back to its structural elements, suggesting a considerable amount of work is still needed. The location is positive, with good transport links via Folkestone Central and proximity to various schools. However, the lack of information regarding the property’s size, along with the absence of details about the specifics of the renovations, makes a precise valuation challenging. The £300,000 asking price may be justifiable given the potential for development or conversion, but buyers should be prepared for significant costs associated with completing the renovation and any necessary planning appeals. The buyer must factor in these costs and the inherent risks associated with such a project when evaluating this property’s true value. It would be essential to conduct thorough due diligence and obtain professional advice before proceeding with a purchase.
Therefore, we give this property 4 / 10. *Disclaimer: This is our option and does constitute a recommendation or financial advice. Do your own research. *
- Price
- 6
- Condition
- 4
- Location
- 7
- Land
- 2
- Bedrooms
- 0
- Bathrooms
- 0
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Metrics Year-on-Year
- Average area value
- 192,063.00 £Decreased by 35.58 %
- Average area rental value
- 1,278.00 £/moIncreased by 20.45 %
- Est rental Yield
- 7.98 %Increased by 86.89 %
- Crime Rate
- 36.00 %Unchanged by 0.00 %
Agent Activity
Motis Estates created the listing.
Nearby Schools
| Name | Type | Ofsted | Distance |
|---|---|---|---|
| Christ Church Cep Academy, Folkestone | Academy Converter | Good | 0.28 KM |
| St Eanswythe'S Church Of England Primary School | Academy Converter | Outstanding | 0.58 KM |
| Folkestone Early Years Centre | Children's Centre | 0.60 KM | |
| Mundella Primary School | Academy Converter | 0.88 KM | |
| Stella Maris Catholic Primary School | Academy Converter | Good | 0.93 KM |
Images
Nearby Streets
| Name | Average Price | Average Sqft | Distance |
|---|---|---|---|
| Albion Mews Road | £ 100,000 | 0 | 0.00 KM |
| Road Of Remembrance | £ 0 | 0 | 0.00 KM |
| Market Place | £ 0 | 0 | 0.00 KM |
| Palmerston Street | £ 150,000 | 0 | 0.00 KM |
| Bayle Street | £ 0 | 0 | 0.00 KM |
Nearby Transport
| Name | NLC | TLC | Distance |
|---|---|---|---|
| Folkestone Central | 5035 | FKC | 0.87 KM |
| Folkestone West | 5027 | FKW | 2.60 KM |
Nearby Listings
| Address | Price | Type | Score | Distance |
|---|---|---|---|---|
| Cheriton Road, Folkestone, CT20 | £ 300,000 | BUY | 4 / 10 | 0.00 KM |
| Victoria Grove, Folkestone, Kent, CT20 | £ 100,000 | BUY | 6 / 10 | 0.06 KM |
| Victoria Grove, Folkestone, Kent | £ 180,000 | BUY | 4 / 10 | 0.07 KM |
| 10 Connaught Road, Folkestone, CT20 | £ 180,000 | BUY | 7 / 10 | 0.07 KM |
| Millfield, Folkestone, Kent, CT20 | £ 575,000 | BUY | Unknown | 0.07 KM |
Nearby Properties
| Address | Price | Distance |
|---|---|---|
| 33 Cheriton Road | £ 312,500 | 0.04 KM |
| 28 Cheriton Road | £ 236,000 | 0.06 KM |
| 20a Victoria Grove | £ 74,500 | 0.06 KM |
| 4a Victoria Grove | £ 155,000 | 0.06 KM |
| 9 Victoria Grove | £ 223,000 | 0.06 KM |