Summary - Flat, 25-27, Black Bull Road, FOLKESTONE CT19 5QN
3 bed 1 bath Flat
**Standout Features:**
- Three-bedroom maisonette above a commercial shop
- FREEHOLD investment opportunity with a 7.5% yield
- Excellent location, less than a mile from Folkestone Central station
- Well-maintained interiors with built-in storage in all bedrooms
- Ground floor commercial shop currently leased at £10,500 per annum (lease renewed for 5 years)
- Residential rental income of £995 per month on an AST
- Double glazing and gas central heating
**Potential Concerns:**
- Local area has above-average crime rates and is classified as very deprived
- Solid brick walls may require insulation improvements
- Maintenance might be needed for future renovations
This expansive three-bedroom flat on Blackbull Road offers both an attractive living space and a lucrative investment opportunity. With a separate entrance leading into a cozy hallway, the maisonette features a full bathroom with both a corner bath and separate shower, an adjoining utility room, and a well-equipped kitchen. The open-plan dining and living areas provide a welcoming atmosphere, perfect for family gatherings. Upstairs, there are two spacious double bedrooms and a comfortable single bedroom, each with built-in storage.
Situated just minutes from Folkestone Central station, this property is ideal for commuters and offers easy access to a variety of local amenities, including shops, cafes, and restaurants. Combined with a secure commercial tenant and steady residential rental income, this property is not just a home but a smart investment. While some areas may need attention, the potential for future renovations adds significant value. Don't miss out on this unique opportunity—properties like this are rarely available for long!
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