This property presents a noteworthy development opportunity comprising six flats located in the historic town of Hythe. As a Grade II Listed building, it holds significant architectural integrity and is strategically positioned on the outskirts of Hythe Town Centre, offering access to local amenities such as Waitrose and a variety of independent shops. The surrounding areas, including Folkestone and Ashford, enhance the offer with additional facilities, while Canterbury provides rich cultural experiences and esteemed educational options.
The property features four two-bedroom flats and two one-bedroom flats, along with an unconverted basement that holds potential for further development or storage. The current condition of the building is average; however, it requires essential renovations such as repairs to the roof and chimney, updating of the external render, window surrounds and cills, installation of double glazing throughout, as well as modernisation of electrical systems and boilers.
With gas central heating already in place and secondary glazing installed in all units, there is an opportunity for further enhancement through kitchen and bathroom upgrades to increase rental value or market appeal. Additionally, the adjacent parking space and sizeable garden could be utilized for further development potential.
The ongoing regeneration efforts within Folkestone, particularly the ambitious plans for revamping the town centre with improved shopping areas and public spaces funded by a £19.7 million grant, present a promising backdrop for investment. This property not only allows for immediate renovation but also stands to benefit from future regional developments.
