St Michaels Street, Folkestone
MA

St Michaels Street, Folkestone

By Martin & Co

£ 300,000

Reviews

2 out of 5 stars

Martin & Co says ..

MARTIN&CO are delighted to offer this investment opportunity to the market. Located just a short stroll from the popular Harbour Arm, the property is an ideal investment and comprises a two bedroom ground floor apartment with private garden, one bedroom first floor apartment and a two bedroom...

Property Oracle says ..

This five-bedroom, three-bathroom property situated on St Michaels Street in Folkestone Central presents a mixed bag. The location is a definite plus point, benefiting from proximity to a railway station and well-regarded schools. The potential for family living is notable given the number of bedrooms. However, the property’s condition requires careful consideration. While some rooms are presented well, others display significant clutter and signs of disrepair, which could indicate underlying issues such as damp. One bedroom image displays mould on the walls. The external appearance is generally acceptable, but the small, somewhat overgrown garden and lack of other outdoor space might be seen as a limitation by some potential buyers. The listed price of £300,000 appears high relative to similar properties in the area, especially considering the substantial refurbishment necessary to bring it up to a modern standard. A thorough survey is essential to determine the extent of any necessary repairs and structural work. Prospective buyers should budget for significant improvements and weigh this cost against the asking price and potential rental income in the area before making an offer. The absence of plot size details hampers a more precise market valuation.

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
6
Condition
4
Location
7
Land
3
Bedrooms
5
Bathrooms
3
Sqft (est)
392.56

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 £
Est sale value
119,730.80 £
Increased by 6.27 %
from 112,664.72 £
Average area rental value
1,278.00 £/mo
Increased by 20.45 %
from 1,061.00 £/mo
Est letting value
785.12 £/mo
Increased by 100.00 %
from 392.56 £/mo
Est rental Yield
7.98 %
Increased by 86.89 %
from 4.27 %
Crime Rate
25.00 %
Unchanged by 0.00 %
from 25.00 %

Agent Activity

  • Martin & Co created the listing.

Nearby Schools

NameTypeOfstedDistance
St Eanswythe'S Church Of England Primary SchoolAcademy ConverterOutstanding0.27 KM
Folkestone Early Years CentreChildren's Centre0.35 KM
Folkestone, St Peter'S Church Of England Primary SchoolVoluntary Controlled SchoolGood0.40 KM
The Village Children'S CentreChildren's Centre0.95 KM
Mundella Primary SchoolAcademy Converter0.98 KM

Images

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Nearby Streets

NameAverage PriceAverage SqftDistance
Bayle Street £ 000.00 KM
George Lane £ 000.00 KM
Saint Michael's Street £ 100,00000.00 KM
Market Place £ 000.00 KM
St John's Street £ 000.00 KM

Nearby Transport

NameNLCTLCDistance
Folkestone Central5035FKC1.62 KM
Folkestone West5027FKW3.35 KM

Nearby Listings

AddressPriceTypeScoreDistance
High Point, The Parade, Folkestone, Kent £ 525,000BUY6 / 100.08 KM
St. Michaels Street, Folkestone £ 400,000BUY7 / 100.08 KM
The Parade, Folkestone, Kent £ 800,000BUYUnknown0.08 KM
The Old High Street, Folkestone, FOLKESTONE, CT20 £ 200,000BUYUnknown0.09 KM
St Michaels Street, Folkestone, CT20 £ 340,000BUY7 / 100.09 KM

Nearby Properties

AddressPriceDistance
66 The Old High Street £ 96,0000.03 KM
3 St Eanswythes Mews £ 255,0000.06 KM
2 St Eanswythes Mews £ 190,0000.06 KM
1 St Eanswythes Mews £ 250,0000.06 KM
4 St Eanswythes Mews £ 315,0000.06 KM