Flat 2, 39 Risborough Lane, Folkestone, CT19 4JH
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Flat 2, 39 Risborough Lane, Folkestone, CT19 4JH

By SmoothSale

£ 105,000

Reviews

2 out of 5 stars

SmoothSale says ..

This meticulously maintained 1-bedroom apartment presents an exceptional investment opportunity. Sold with tenants in situ, the property boasts a convenient location close to amenities and transport links, all offered at a competitive price.

Property Oracle says ..

This one-bedroom flat located at Flat 2, 39 Risborough Lane, Folkestone, is marketed as a ready-to-let investment property. Its prime position on Cheriton High Street provides easy access to local amenities and transportation, making it convenient for tenants. The close proximity to several schools further enhances its appeal to families and young professionals. While the apartment’s condition appears to be satisfactory, with clean interiors and neutral decor, images show a standard and uninspired finish with little in the way of unique features. Its main drawback is the complete lack of outdoor space, a common limitation with flats. The listing price should be considered in relation to comparable properties of similar size and condition on the street and the advantages of having tenants in situ, but limited information prevents a more precise conclusion on its value in the current market. The lack of plot size data is also notable, potentially hiding some important factors influencing the overall price. The relatively modern design may appeal to buyers who prefer contemporary living spaces and the property’s status as a ready-to-let property also has the potential to attract investors.

Therefore, we give this property 5 / 10. *Disclaimer: This is our option and does constitute a recommendation or financial advice. Do your own research. *

Price
7
Condition
6
Location
6
Land
1
Bedrooms
1
Bathrooms
1
Sqft (est)
564.90

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
321,653.00 £
Decreased by 5.87 %
from 341,725.00 £
Est sale value
272,846.70 £
Increased by 44.18 %
from 189,241.50 £
Average area rental value
1,132.00 £/mo
Decreased by 15.08 %
from 1,333.00 £/mo
Est letting value
564.90 £/mo
Unchanged by 0.00 %
from 564.90 £/mo
Est rental Yield
4.22 %
Decreased by 9.83 %
from 4.68 %
Crime Rate
52.00 %
Unchanged by 0.00 %
from 52.00 %

Agent Activity

  • SmoothSale created the listing.

Nearby Schools

NameTypeOfstedDistance
All Soul'S Church Of England Primary SchoolAcademy Converter0.04 KM
Harcourt Primary SchoolFoundation SchoolGood0.66 KM
BirchwoodPupil Referral UnitGood0.68 KM
Turner Free SchoolFree Schools0.80 KM
Morehall Primary School And NurseryAcademy Sponsor LedGood0.99 KM

Images

Nearby Streets

NameAverage PriceAverage SqftDistance
Risborough Way £ 000.00 KM
Cherrybrook Road £ 500,00000.00 KM
Milky Whey £ 000.00 KM
Woodfield Avenue £ 300,00000.00 KM
Kings Road £ 000.00 KM

Nearby Transport

NameNLCTLCDistance
Folkestone West5027FKW1.37 KM
Folkestone Central5035FKC3.10 KM
Sandling5025SDG8.40 KM

Nearby Listings

AddressPriceTypeScoreDistance
Cheriton High Street, Folkestone, CT19 £ 675,000BUY5 / 100.06 KM
Cheriton High Street, Folkestone, CT19 £ 675,000BUY4 / 100.06 KM
Broomfield Road, Folkestone, Kent £ 200,000BUY6 / 100.09 KM
Risborough Lane, Folkestone, CT19 £ 115,000BUY6 / 100.09 KM
Flat 7, 39 Risborough Lane, Folkestone, Kent, CT19 4JH £ 55,000BUY5 / 100.12 KM

Nearby Properties

AddressPriceDistance
32 Risborough Lane £ 90,5000.10 KM
16 Risborough Lane £ 213,0000.10 KM
24 Risborough Lane £ 124,5000.10 KM
12 Risborough Lane £ 115,0000.10 KM
29 Risborough Lane £ 162,0000.10 KM