Three-flat scheme with planning near station and park, ready for feasibility work..
- Vacant cleared rectangular freehold site with vehicle/pedestrian access via Palmerston Street
- Planning permission (ref Y07/0134/SH) granted 30 July 2007 for three flats
- Scheme: two one-bedroom flats plus a studio with part-basement and loft
- Close to Folkestone Central station, local shops and Radnor Park
- Small plot size; compact units limit scale and unit layouts
- High flood-risk location; mitigation and insurance needed
- Very deprived local area and above-average crime may affect demand
- Excellent mobile signal and fast broadband speeds for tenants
A cleared, rectangular freehold plot with historic planning consent for a two-and-a-half storey building providing two one-bedroom flats and a studio. The site is accessed via Palmerston Street and sits close to Folkestone Central station, local shops and Radnor Park, offering straightforward connectivity and local amenities.
This is a practical development-led opportunity for an investor or small developer. Planning (Folkestone Borough Council ref Y07/0134/SH, granted 30 July 2007) covers part-basement and loft accommodation with dormer, but purchasers should allow for a planning status review and any necessary updates to drawings or approvals prior to works.
Material considerations: the plot is small, in a very deprived area with above-average crime, and it lies in a high flood-risk zone. These factors will affect finance, insurance and lettability and should be factored into feasibility appraisals. On the positive side, the site benefits from excellent mobile signal and fast broadband speeds, useful for modern tenants, and immediate proximity to good and outstanding local schools and transport links.
This holding suits a buyer comfortable with short-term planning checks, flood mitigation design and a local lettings market that may demand competitive pricing or targeted tenant profiles. With sympathetic investment, the approved scheme could deliver three compact, city-centre flats for sale or rent.
Land for sale in Edward Road, Folkestone, CT19 — £160,000 • 1 bed • 1 bath
Land for sale in Moat Farm Road, Folkestone, Kent, CT19 — £1,850,000 • 1 bed • 1 bath
Land for sale in Land at Ship Street, Ship Street, Folkestone, CT19 5AB, CT19 — POA • 1 bed • 1 bath
Land for sale in Burrow Road, Folkestone, CT19 — £170,000 • 3 bed • 1 bath • 1839 ft²
Commercial development for sale in Valebrook Mews, Folkestone, Kent, CT19 — £315,000 • 1 bed • 1 bath • 2690 ft²
Land for sale in Moat Farm Road, Folkestone, CT19 — £1,850,000 • 1 bed • 1 bath






