**Standout Features:**
- 80-year lease with a 50% share of freehold
- Zero service charge and ground rent
- Efficient EPC rating of C
- Council tax band A (very low cost)
- Three-bedroom garden apartment in Victorian terrace
- Located near Folkestone town center, beaches, and amenities
**Potential Concerns:**
- Limited lease term may impact mortgage financing
- Property in a transitional neighbourhood with high crime rates
- Needs cosmetic updates and renovations
This charming Victorian terraced three-bedroom garden apartment in Folkestone is a fantastic investment opportunity, especially for those interested in the local rental market. With a shared ownership structure and zero annual fees for the service or ground rent, your carrying costs remain astoundingly low. The property features spacious living and separate lower-ground bedrooms along with private courtyards—a rare find for city living.
While the 80 years remaining on the lease may pose potential mortgage challenges and the area shows higher crime rates, the vibrant lifestyle nearby—including access to sunny beaches and creative districts—makes this a compelling choice for families and first-time buyers looking to add value over time. With nearby primary and secondary schools boasting good to outstanding Ofsted ratings, this is a prime location for young families. Don’t miss out on the chance to transform and enjoy this property’s full potential!
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