Large footprint near HS1 with refurbishment and lease-extension potential.
Large 1,118 sq ft two-bedroom apartment with sea glimpses
Chain free — ready for sale without delay
Short lease (~52 years) — lenders may refuse mortgages
Service charge approx. £2,172pa; ground rent £80pa
Requires modernisation; dated kitchen and finishes
Lift in building; third-floor position with balcony
On-street permit parking only; no allocated parking
Very high local crime; area is economically deprived
Spacious two-bedroom apartment in the heart of Folkestone town centre, ideal for a buyer seeking central location and uplift potential. The apartment measures approximately 1,118 sq ft, with a very large open sitting/dining room, lift access and a balcony with sea glimpses. It sits a short walk from Folkestone HS1 station and local shops, offering strong rental or owner-occupier demand from commuters and town-centre tenants.
The property is chain free and has been recently redecorated throughout, but it does require some modernisation to reach its full potential — the kitchen and some finishes are dated. Service charge and ground rent apply (approx. £2,172pa service charge; £80 ground rent). Parking is on-street with resident permits rather than allocated parking.
Important lease and risk facts: the current lease has around 52 years remaining and a new lease is stated to be in progress. This short lease is material — some mortgage lenders may refuse to lend until the lease is extended. Crime levels in the immediate area are very high and the building dates from the 1967–1975 era with assumed solid brick walls and limited insulation.
For an investor or cash buyer prepared to invest in a lease extension and modernisation, the apartment offers a large footprint, town-centre convenience and clear rental appeal near HS1. For buyers requiring mortgage finance, obtain lender confirmation before committing, and factor in costs for lease extension and refurbishment.
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