Flat 2 Quain Court, Sandgate Road, Folkestone, Kent, CT20 2HH

Description

Description Town & Country Property Auctions are delighted to offer For Sale by Public Auction this refurbished Two-Bedroom Ground Floor Apartment situated within the popular Quain Court development on Sandgate Road. The property is presented in excellent condition throughout and benefits from a spacious lounge with private balcony, newly fitted kitchen with integrated appliances, modern bathroom, two bedrooms and an approximately 200-year lease. Ideally located within walking distance of Folkestone town centre, The Leas promenade and Folkestone Central railway station, the property offers excellent access to local amenities and high-speed services to London St Pancras. Offered with vacant possession, this is an excellent opportunity for both owner occupiers and investors seeking a ready-to-let property in a popular and well-connected coastal location. The property will be entered into our 9th September 2026 auction which is held online and starts at 8am. You must register to bid and download the legal pack. PROPERTY FEATURES . Number of Bedrooms: 2 . Reception Rooms: 1 . Small Driveway Particularly For Loading . On Street Permit Parking . Council Tax Band: B . 56 Day Completion . Refurbished Ground Floor Apartment . Spacious Lounge . Private Balcony . Newly Fitted Kitchen With Integrated Appliances . Modern Bathroom ADDITIONAL INFORMATION . Property Tenure: Leasehold . Length of lease remaining: Approximately 200 Year Lease . Peppercorn Ground Rent . Service Charge: Approx. £866.61 Per Quarter VIEWING ARRANGEMENTS We will be holding viewing slots, please call us on 02380 179324. The property is available for viewing immediately. Please contact Town & Country Property Auctions for more information and to register for the auction. The auction will be held online, and registration is now open.

Location

Flat 2 Quain Court, Sandgate Road, Folkestone, Kent, CT20 2HH

Investment Analysis

Investment Snapshot

Strategy Recommendation

Preferred strategy: Buy-to-Let / Resale. Confirm this against the legal pack, inspection, finance and local market evidence before bidding.

Works Required

• Obtain a condition / structural survey

• Electrical and heating checks

• Allow for decoration and repairs

• Kitchen and bathroom modernisation

• Flooring and full internal decoration

• Review lease, service charge, ground rent and major works

HB initial works allowance: £5,000–£12,000. This is an investment-feasibility allowance, not a contractor quotation.

Rental & Market Context

No reliable current rent is stated in the supplied scrape. For initial appraisal only, HB estimates market rent at approximately £1,075–£1,300 pcm (£12,900–£15,600 pa). This is an HB estimate and should be verified against current local lettings.

GDV / Resale Analysis

HB indicative post-works / stabilised value range: £147,000–£161,000. This is an appraisal estimate only, not a RICS valuation. Verify against recent genuinely comparable sold evidence.

Properties Sold Within Approx. 5 Miles

Specific sold transactions are not contained in the supplied scrape, so no unverified addresses or sold prices have been inserted. Check recent Land Registry / local comparable evidence before setting a maximum bid.

Potential BRRR Position

Illustrative middle case: guide £140,000 plus midpoint works of £8,500 gives about £148,500 before acquisition/finance costs. At the midpoint HB value of £154,000, an illustrative 75% refinance is about £115,500, leaving approximately £33,000 of purchase/works capital before transaction costs.

Flip Analysis

Midpoint HB value £154,000 less guide and midpoint works gives an initial gross spread of about £5,500. This is not profit: SDLT, auction fees, legal fees, finance, holding costs, utilities, insurance, selling fees and contingency must also be deducted.

Investor Risks & Due Diligence

• Review the full legal pack, title and special conditions

• Confirm buyer's premium / auction administration charges and completion timetable

• Obtain a suitable condition or structural survey

• Verify refurbishment quotations and contingency

• Verify current rental evidence and recent comparable sales

• Confirm lender requirements, valuation and exit finance

• Confirm lease length, ground rent, service charge, major works and lender acceptability

Recommendation

Initial recommendation: Buy-to-Let / Resale. Proceed only if the legal pack, condition, funding and exit-value evidence support the proposed maximum bid.

Strategy Rating

Buy-to-Let: ★★★★☆ | BRRR: ★★★☆☆ | Flip/Resale: ★★★☆☆