- Offers in the region of £180,000
- 2 Bed Flat
- 1 Bed Flat
- Great Investment Opportunity
- Separate Entrances Under One Freehold Ownership
- EPC Rating ''C''
Offers in the region of £180,000. TWO FLATS. Great Investment Opportunity, cash buyer sought. Two flats with separate entrances under one freehold ownership.
We are advised that the upper flat (96A) is a two bed maisonette and that it has been let out since 2018 under an SPT - Statutory Periodic Tenancy agreement - and we are assured that the current rental of £575 per month (unchanged since inception) is and always has been paid on time.
The Ground Floor flat had been let out but is now vacant and a refurbishment plan had been started ('demolition' only achieved to date). The layout plan with this offering is for the Ground Floor unit. It has a small rear garden / patio area that - with a bit of work - could be a nice little sit-out spot. The EPC will need to be renewed after the flat has been restored to good standard for letting.
Should a purchaser wish to appoint local fair price contractors to complete the refurbishment (which we estimate will cost up to £15,000 to provide an attractive offering to the rental market or to make it a home for oneself), we are able to make arrangements to appoint and direct contractors for a buyer who may be distant to the location.
In our view, the gross market value of this property (96 & 96A) could be in the region of £240,000 once refurbished and if the leases are formally separated, so there is a clear opportunity for you to make an excellent investment!.
EPC - ENERGY PERFORMANCE CERTIFICATE
EPC Rating - C72. Will need to be renewed. COUNCIL TAX BAND
96: Folkestone & Hythe DC: Band A - per Government VOA site on 21 May 2020.
96A: Folkestone & Hythe DC: Band B - per Government VOA site on 21 May 2020.
Every effort has been taken to present the features and benefits of this home in an appropriate light, without error or enhancement. Some measurements provided are taken to the maximum dimension but any and each room can be further detailed on request during the viewing appointment: All measurements are presented in metric format but can be converted on request. Descriptions and details are presented in good faith and checked for reasonableness and accuracy but all information should be reviewed by prospective purchasers during on-site inspections and prior to making an offer … and then further clarified / confirmed by your Solicitor during the purchase process. LISTING FOOT-NOTE
This property listing information is provided and managed by associates, Embassy Management of Folkestone & Hawkinge; consequently, we (Andrew & Co) bear no direct responsibility for the accuracy of the information provided herein. Any questions raised and viewing appointment requests made will be passed on to Embassy Management for their response, clarification and / or booking.