Summary - Oxford Terrace, Folkestone, Kent, CT20 CT20 1AF
1 bed 1 bath Flat
Affordable town-centre opportunity for experienced investors or commuter buyers.
• One-bedroom apartment, approx 422 sq ft, open-plan living/kitchen
• Sold by Modern Auction; starting bid £55,000 plus buyer fees
• Leasehold with c.106 years remaining; chain-free
• Lift access and residents’ off-street parking
• Service charge £524; council tax reported as low
• Tenant in situ — may need up to two months’ notice to vacate
• Very high local crime and high area deprivation
• Very slow broadband; no private garden, town-centre views
A compact one-bedroom apartment in the heart of Folkestone, offered to market by modern auction. The flat sits in a mixed-use, contemporary building with lift access, off-street residents’ parking and doorstep retail, making it an easy-to-manage town-centre asset. At around 422 sq ft, the open-plan living/kitchen is functional and neutrally finished, suitable for a city flat or buy-to-let.
Practical details are straightforward: leasehold with about 106 years remaining, mains gas central heating and double glazing. Service charges are £524 (below average for the area) and council tax is low. The property is sold via auction with a starting bid of £55,000; buyers should budget for the reservation fee and other auction costs and read the Buyer Information Pack before bidding.
This location benefits from excellent transport links, high footfall and proximity to shops, cafes and two high-speed rail links to London. That makes it appealing to commuters and short-term lets, though the building’s urban setting provides no private garden and views are of the pedestrianised town centre.
Material drawbacks are direct: the area records very high crime and significant deprivation indicators, and broadband speeds are reported as very slow. There is a tenant in situ who may require up to two months’ notice to vacate. The auction sale process and buyer fees mean this purchase is best suited to investors or buyers experienced with auction terms and potential refurbishment for rental or resale.
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