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Studio
Key information
Property description & features
- Tenure: Leasehold (84 years remaining)
- Prime Location
- Excellent Investment Opportunity
- Located near the popular Leas Promenade
- On The Sea Front
- First Time Buyer Opportunity
- Private Off Road Parking
- Sea Views
- Opposite The Harbour Arm
- High End Development Area
- High Future Value Increase Potential
Folkestone Estate Agents Your Key Move are thrilled to bring to market this fantastic Investment opportunity. To be able to buy a freehold piece of real estate in the most sought after location in Folkestone for under seventy thousand pounds will prove to be a very sound investment for any astute individual or organisation.
This flat is located right on the seafront in a block of self contained flats with private off road parking available. These flats sit right opposite the famous Folkestone Harbour Arm in the very heart of where all the expensive sea front developments have started. As you may be aware, Folkestone has been privileged to receive huge funding and vision from wealthy business men and companies which are transforming the real estate value of this very sought after sea front town.
So what exactly is on offer here, well you are buying a small self contained flat with small hallway, family bathroom with bath unit and shower with open plan kitchen/lounge/bedroom. There are sea views from the bedroom/lounge area and the flat has double glazing and a newly fitted hot water tank. The heating is electric as is the hob unit in the kitchen.
The entrance to the flats has a secure key entry system to the building and there is ample private off street parking available to the residents. The grounds also have large open areas at the front for the residents to sit and enjoy this stunning seafront location.
This flat offers an excellent rental yield of between £400-£500 per calendar month (a potential £6,000 a year yield on a property for under seventy thousand pounds, now that why this will most definately appeal to many). Not to mention that if development continues at the rate and grander it has been in this area, its surely only a matter of time before the value of this gem of a property will increase significantly, if not only for its location and attraction, but also for the need future developers may have for acquiring this flat for their own development requirements.
From a location perspective, Folkestone is a beautiful, highly desirable up and coming town offering a wide range of high end restaurants, bars, and cafes. The positioning of this flat means you can walk right along the flat seafront promenade from Folkestone right the way into Sandgate beautiful seafronts. The newly developed and up and coming Harbour Arm offers an abundance of coffee houses, seafood eateries and outside viewing areas. There is even even a champagne bar after the gourmet eateries at the very end of the Harbour Arm. What better way than to stroll along on a hot summers day without the need of having to drive as you would be located in the one of the best up and coming locations Folkestone has to offer. There is also the lovely coastal market town of Hythe to the west, with a huge range of culinary delights to suit everyone's tastes, partly due to its fantastic collection of small independent shops and rich history as well as fresh local fish & chips and stunning coastal walks. A short walk up the old high street in the centre of the trendy Art Scene Folkestone is now famous for leads you straight into the town centre. Folkestone Central train station is also only a short distance away and provides a high-speed rail link to London. With Eurotunnel, Dover Port and the Eurostar on your doorstep your European adventures are but a whisker away.
Viewing is Highly Recommended and only through an appointment with Folkestone Estate Agents Your Key Move.
Places of interest
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Your Key Move - Folkestone
1-2 Rhodium Point, Hawkinge Business Park Spindle Close, Hawkinge, Folkestone CT18 7TQ
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Property reference 9134. The information displayed about this property comprises a property advertisement. OnTheMarket.com makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and OnTheMarket.com has no control over the content provided by the agent or developer. This property advertisement does not constitute property particulars. The information is provided and maintained by Your Key Move - Folkestone.
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Broadband availability and predicted speed: obtained from Ofcom on July 11, 2022
Broadband speed is measured in megabits per second, with the number returned showing how fast the connection is. Each reading is based on the highest predicted speed of any major broadband network for services that deliver the download speeds. The following are the different readings that we may display:
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Super-fast: Between 30 Mbit/s and 300 Mbit/s
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Mobile phone signal availability and predicted strength: obtained from Ofcom on July 11, 2022
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Clear: No bars, no signal predicted
Red: One bar, reliable signal unlikely
Amber: Two bars, may experience problems with connectivity
Green: Three bars, likely to have good coverage and receive a data rate to support basic web services
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Energy Performance data and Internal floor area: obtained on July 11, 2022 from The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007 or the Home Report if in relation to a residential property in Scotland.
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