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Sold STC - Marine Terrace, Folkestone, CT20 - £75,000

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More about this property

Beach Views

Prime Location

First Time Buyer Opportunity

Private Off Road Parking

Opposite The Harbour

Excellent Investment Opportunity

Short Walk To Mainline Railway Station

Leasehold

Thomas & Partners are delighted to offer this prime located property seafront property for under £100,000, a perfect investment opportunity.

This studio apartment is located at the heart of Folkestone's harbour with less than a 2 minute walk to The Harbour Arm and The Old High Street with independent shops and restaurants. Right next to the Creative Quarter, you'll always have an event or festival to go to or take part in. Perfect for someone that is a first-time buyer or wanting a second home with sea views. This area is very up and coming with the new Sea Front Development plans to elongate the amenities of the Harbour Arm on to your door step, an excellent investment opportunity with potential of high future value increase.
The property itself offers a small foyer leading into the open plan single-room dwelling space, with a large double glazed window to enjoy the sea views. Off from the foyer is the family bathroom equipped with a bath unit.

The property has access to off street parking around the back. Although it does not have a private garden, it has a large open lawn for residence, or cross the road to the beach.

"Pavilion Court was my first step on the property ladder and it was a great place to live! It is just across the road from the beach, a short walk to the shops in the Creative Quarter and further up into the town, as well as close to eateries and the newly developed and thriving Harbour Arm. It even has off road parking which not many central properties have! I refurbished the flat when I moved in and it was a lovely cosy retreat. Having 3 internal walls and floors above, as well as being a cosy size, meant it is easy and cheap to heat. There can be a nice community feel with other residents in your corridor which I enjoyed as a single professional on my own for the first time. The current management and maintenance team are doing a fantastic job in improving the building in line with the regeneration of the area, and I have every confidence of it not only remaining a great place to live but will be even better in the near future.
After I moved out a few years ago, I rented my flat out and there's always demand for these studio apartments, so future investors wouldn't have difficulty in finding tenants. The flat currently has a tenant who will be moving out shortly (further photos will then be available) and the property would benefit from a refresh to bring it back to its best condition, but due to its size, this would never be a big job. This flat is definitely a great place for both owner-occupiers and investors, and with the continued rise of Folkestone, and this flat's proximity to the beach, harbour and town, it is only going to keep improving in value." - testimonial from the Vendor


Believed to be 87 years left of the 125 year lease. The flat comes with a share of the freehold. There is an annual Service Charge which includes building insurance, details will be given in due course. There is also Ground Rent, details still awaiting details but approximately £50 annually. This property is in Council Tax Band A. The area of this property is ever growing and has developed significantly in the last 10 years with only more to come. This is a prime time to purchase this brilliant gem, as the future developers may acquire these flats for potential future development and is an amazing investment opportunity.

IMPORTANT NOTICE FROM THOMAS AND PARTNERS

Descriptions of the property are subjective and are used in good faith as an opinion and NOT as a statement of fact. Please make further specific enquires to ensure that our descriptions are likely to match any expectations you may have of the property. We have not tested any services, systems or appliances at this property. We strongly recommend that all the information we provide be verified by you on inspection, and by your Surveyor and Conveyancer.

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Refundable Holding deposit - Capped at 1 weeks rent

Security Deposit - Capped at 5 weeks rent for annual rental under £50,000, or 6 weeks rent for annual rental over £50,000

Rent - The agreed monthly rent

Changes to tenancy - Capped at £50 inc VAT

Early termination charge - Not exceeding the landlord’s financial losses

Late payment of rent - Interest of 3% above BoE base rate for each day the rent is late, once it is 14 days overdue

Replacement keys - Reasonable costs or give the tenant the option to purchase themselves.

Utilities, council tax, communication services, TV Licence etc - Tenants own responsibility unless otherwise stated in contract

Client Money Protection Scheme
Membership details TBC

Property Redress Scheme Membership details - Membership number D8870

DPS Deposit protection Scheme - Agent Number 1581837