Cheriton Road, Folkestone CT20 1 bed flat for sale

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Cheriton Road, Folkestone CT20 1 bed flat for sale

Cheriton Road, Folkestone CT20
£70,000

Price History

Initial price £80,000
24/11/24 £78,000
29/11/24 £76,000
05/03/25 £74,000
15/03/25 £72,000
22/03/25 £70,000
05/04/25 £66,000
11/04/25 £72,000
17/04/25 £70,000
Price Change -12.50%

Description

This 1-bedroom flat in Folkestone is a great investment opportunity for those looking to expand their portfolio. The property is well-kept and features a bedroom, lounge, kitchen, and bathroom. Currently, it produces an annual gross income of £6,600, which could be increased to £8,640 with a new owner. The property has a tenant already in situ, who has been paying rent consistently for several years and has no intention of moving out. The current rent is below market rate, providing a great opportunity for the new owner to increase their returns. With a Let Property Pack available, interested investors can learn more about the property's investment potential and take advantage of this worthwhile addition to their portfolio.