Summary - Flat 66, 1 The Leas CT20 2DR
2 bed 2 bath Apartment
Coastal sixth-floor flat ideal for renovators or entry-level investors..
Sea-facing sixth-floor apartment with coastal and town views
Two bedrooms, en-suite plus separate bathroom, 531 sqft (small)
Requires full modernisation throughout; renovation needed
Leasehold — 86 years remaining (important for mortgage lenders)
High annual service charge £4,880 and ground rent £220
Sold at auction, chain-free — quick completion likely
Electric storage heating; dated systems and unknown glazing age
Local area: very high crime and high deprivation — impacts value
This sixth-floor apartment offers striking sea views across the English Channel and direct access to The Leas promenade — rare for the price. The building benefits from secure entry, two high-speed lifts and a refurbished communal roof terrace that enhances the coastal outlook. The living room and bedrooms enjoy natural light through large windows and the layout includes two bedrooms, an en-suite and a bathroom.
The property is sold chain-free at auction and will require full modernisation throughout. It currently has electric storage heating and double glazing of unknown age. The lease has 86 years remaining and annual costs include a £4,880 service charge and £220 ground rent; these charges are higher than average and important for budgeting.
Location is a genuine strength: immediate access to Folkestone town centre, cliff-top walks, coastal park and good local schools including two grammar schools. Transport links are strong for commuters, with nearby stations and M20 access. However the surrounding area has very high crime levels and significant deprivation, which may affect long-term resale or letting values.
This is best suited to a buyer willing to renovate or an investor seeking a coastal pied-à-terre at entry-price levels. Major benefits are the sea view, communal terrace and central location; major drawbacks are the necessary refurbishment, high running charges and local area issues. Buyers should factor renovation costs and service charge into any offer.
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