Cheriton Road, Folkestone, CT20
MO

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

The heatmap indicates the level of crime in the area. The color of the heatmap indicates the crime severity and recency.

Metrics Year-on-Year

Average area value
192,063.00 £
Decreased by 35.58 %
from 298,143.00 £
Average area rental value
1,278.00 £/mo
Increased by 20.45 %
from 1,061.00 £/mo
Est rental Yield
7.98 %
Increased by 86.89 %
from 4.27 %
Crime Rate
36.00 %
Unchanged by 0.00 %
from 36.00 %

Agent Activity

  • Motis Estates created the listing.

Nearby Schools

NameTypeOfstedDistance
Christ Church Cep Academy, FolkestoneAcademy ConverterGood0.28 KM
St Eanswythe'S Church Of England Primary SchoolAcademy ConverterOutstanding0.58 KM
Folkestone Early Years CentreChildren's Centre0.60 KM
Mundella Primary SchoolAcademy Converter0.88 KM
Stella Maris Catholic Primary SchoolAcademy ConverterGood0.93 KM

Images

Photo 5 Photo 7 Photo 1 Photo 2 Photo 3 Photo 4 Photo 6

Nearby Streets

NameAverage PriceAverage SqftDistance
Albion Mews Road £ 100,00000.00 KM
Road Of Remembrance £ 000.00 KM
Market Place £ 000.00 KM
Palmerston Street £ 150,00000.00 KM
Bayle Street £ 000.00 KM

Nearby Transport

NameNLCTLCDistance
Folkestone Central5035FKC0.87 KM
Folkestone West5027FKW2.60 KM

Nearby Listings

AddressPriceTypeScoreDistance
Cheriton Road, Folkestone, CT20 £ 300,000BUY4 / 100.00 KM
Victoria Grove, Folkestone, Kent, CT20 £ 100,000BUY6 / 100.06 KM
Victoria Grove, Folkestone, Kent £ 180,000BUY4 / 100.07 KM
10 Connaught Road, Folkestone, CT20 £ 180,000BUY7 / 100.07 KM
Millfield, Folkestone, Kent, CT20 £ 575,000BUYUnknown0.07 KM

Nearby Properties

AddressPriceDistance
33 Cheriton Road £ 312,5000.04 KM
28 Cheriton Road £ 236,0000.06 KM
20a Victoria Grove £ 74,5000.06 KM
4a Victoria Grove £ 155,0000.06 KM
9 Victoria Grove £ 223,0000.06 KM