2, The Durlocks, Folkestone, Kent, CT19 6AN

Description

Freehold three bedroom semi-detached house. Full vacant possession.

Accommodation

First floor: Three bedrooms. Ground floor: Entrance hall, reception room, kitchen, shower room/WC. Outside: Front and rear garden.

Location

The property is situated on The Durlocks. Public transport links include Folkestone mainline rail station together with a network of local bus services serving the surrounding vicinity. Road links include the A259 and A20/M20 Motorway. Shopping amenities can be found locally within Folkestone and at the Harbour Arm with an extensive range of recreational pursuits being found locally at the open spaces of Folkestone East Cliff and Warren Country Park and along the coast front and Folkestone harbour. The property is also well situated for Royal Victoria Hospital. The house is also within close proximity to The Warren, a beauty spot looking over the English Channel with views of the White Cliffs of Dover.

Tenure / Property Information

Investment Analysis

The £185,000 guide is the only current pricing evidence supplied. The sole comparable is a 1996 sale at £43,250 and is not sufficiently reliable for a current market-value assessment. No current comparable sales, condition assessment or refurbishment scope is provided, so GDV and a maximum bid cannot be supported.

Investment Snapshot

Strategy Recommendation

Do not proceed on the guide price without current comparable sales, a full inspection, confirmed parking and heating details, and review of the special conditions and any seller fees.

Works Required

No specific defects or required works are evidenced. A physical inspection should establish condition and whether any repair, redecoration, kitchen, bathroom, external or garden works are required; these should not be budgeted from the supplied information alone.

Rental & Market Context

Sold Comparables

The following completed sales were identified within approximately 5 miles:

Potential BRRR Position

A BRRR assessment cannot be supported because current GDV, rent, refurbishment cost and refinance value are unavailable. The property is freehold and vacant, but parking and heating details require confirmation from the auction centre.

Buy-to-Let Analysis

No sufficiently specific rental comparable or auctioneer rent estimate is supplied, so rent and gross yield cannot be established. The property is vacant, and the £1,800 inclusive-of-VAT contract documentation fee is known, while additional seller fees may apply under the special conditions.

Flip Analysis

A flip appraisal cannot be completed: there is no current comparable evidence, supported GDV, refurbishment budget or selling-cost allowance. The 1996 comparable is too dated to establish resale value.

Investor Risks & Due Diligence

• Current market value cannot be established from the supplied comparable, which dates from 1996.

• No rental evidence is available, preventing yield and cash-flow assessment.

• Property condition and refurbishment requirements are not provided.

• Parking and heating details require confirmation.

• Additional seller fees may apply under the special conditions of sale.

• The known £1,800 documentation fee is payable by the buyer and other acquisition costs are not quantified.

Recommendation

Do not proceed on the guide price without current comparable sales, a full inspection, confirmed parking and heating details, and review of the special conditions and any seller fees.

Strategy Rating

Analysis Confidence

The evidence confirms property type, tenure, vacancy, guide price and one materially historic comparable, but lacks current sales evidence, rent, condition, works costs and complete fee information.