Project apartment close to Folkestone town and beach with allocated parking.
Balcony with direct sea views from the lounge
Set on the Leas with a private balcony and sea outlook, this chain-free upper ground floor flat offers clear scope to add value. The apartment measures around 537 sq ft with an open lounge/diner, one double bedroom and allocated off-street parking — sensible practical benefits for resale or rental.
The property requires modernisation throughout, presenting an appealing project for buyers prepared to refurbish. It has double glazing and electric storage heating, but cavity walls likely lack insulation; replacement or upgrading of services and finishes will be needed. The lease has about 82 years remaining; there are ongoing costs including a service charge (approx. £1,350pa) and ground rent (£250pa).
Sold via the Modern Auction method, buyers should factor in the non-refundable reservation fee (4.5% of the purchase price, minimum £6,600) and the accelerated completion timetable once contracts are exchanged. The location is a strong selling point — short walk to Folkestone town centre, beaches and good schools — but the immediate area records high crime and very high deprivation indices, so buyers should carry out full due diligence before bidding.
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