Flat C, 6, Martello Road, FOLKESTONE, Kent, CT20 1PF

Description

Leasehold second floor flat 62 years remaining on the lease Location: The property is located on Martello Road. Shopping amenities are available within Folkestone Town Centre. Public transport links can be found at Folkestone Central Train Station lying to the west along with a network of local bus services serving the surrounding area. The property is served by road links including the A260 located to the east and the A259 lying to the north west. Recreational pursuits are available at Folkestone Warren Nature Reserve located to the east and along the sea front. Accommodation: One bedroom, reception room open plan to kitchen, shower room/wc Outside: Terrace EPC Rating: C Council Tax Band: A Lease: Held on a lease for a term of 99 years from 29/09/1989 at a ground rent of £TBC per annum. To view: By arrangement with the auctioneers.

Location

The property is located on Martello Road. Shopping amenities are available within Folkestone Town Centre. Public transport links can be found at Folkestone Central Train Station lying to the west along with a network of local bus services serving the surrounding area. The property is served by road links including the A260 located to the east and the A259 lying to the north west. Recreational pursuits are available at Folkestone Warren Nature Reserve located to the east and along the sea front. Accommodation: One bedroom, reception room open plan to kitchen, shower room/wc Outside: Terrace

Investment Analysis

Investment Snapshot

Property & Refurbishment

Initial feasibility allowance: £5,000–£10,000. This is not a contractor quotation and should be confirmed following inspection and detailed scope.

Rental Analysis

No reliable auctioneer-published current rent was identified in the supplied scrape. Market rent should be independently verified before bidding.

GDV / Resale Analysis

No independent RICS/Land Registry comparable valuation has been inserted solely from the scraped auction data. End value should be confirmed against recent genuinely comparable transactions before bidding.

Properties Sold Within Approx. 5 Miles

No independently verified sold comparables are inserted from the auction scrape alone. Confirm recent Land Registry/RICS comparable evidence before relying on a GDV.

Investor Risks & Due Diligence

• Review the full legal pack and title before bidding

• Confirm all auction administration / contract charges

• Verify property condition and obtain appropriate surveys

• Confirm refurbishment costs with contractor quotations

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

Recommendation

Preferred strategy: Buy-to-Let / Owner-Occupier. This recommendation is an initial appraisal based on the auctioneer's published property information and should be tested against the legal pack, inspection, finance and local market evidence.

Strategy Rating

Buy-to-Let: ★★★★☆

BRRR: ★★★☆☆

Flip: ★★★☆☆