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Broomfield Road, Cheriton, Folkestone, Kent - Image 1
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Broomfield Road, Cheriton, Folkestone, Kent

South East

£225,000Guide Price

Listed on 10/07/2026

Property details

Bedrooms
4
Type
Ground Floor Maisonette
Area
904 sqft

Description

This freehold property presents a compelling investment opportunity, featuring two self-contained units: a spacious three-bedroom maisonette across the upper floors and a one-bedroom flat located on the ground floor. Both units are in need of complete refurbishment, with no kitchens or bathrooms currently installed, allowing for significant customization. Additionally, the ground-floor flat benefits from its own private garden and allocated parking space at the rear. This property is ideally suited for cash buyers looking to undertake a renovation that can substantially increase value in a sought-after location. Offered at auction, this is a prime chance for investors or seasoned renovators to leverage their skills and creativity on a versatile project.

Investment analysis

(CT19 area)

Below Market Value

This property is priced -15.8% below area average per sq ft

-15.8%
Potential saving
This Property
£249/sq ft
Area Average
£296/sq ft
Avg Rent (weekly)
£257
Avg Yield
4.6%

Renovation Potential

Heavy Refurb
Est. Renovation Cost
£60,000 - £90,000
Target Value
£293,895
10% above area average per sq ft
Potential ROI
-6.7%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
19
Average per month
Market Turnover
10%
Properties sold annually

Local Market Trend (CT19)

Area prices are stable by +0.9% over the last 12 months
3 year growth: -1.8%
5 year growth: +16.7%
Investment Disclaimer: Analysis based on CT19 area averages and may not reflect property-specific factors like condition, exact location, or unique features. Any renovation cost estimates provided are AI-generated and should be considered indicative only. Renovation costs vary significantly based on property condition and scope of work. Always conduct professional surveys and get multiple quotes before making investment decisions.

Location

Broomfield Road, Cheriton, Folkestone, Kent
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Mortgage calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 4.45%

Current average variable rate is 6.60%

Monthly Repayments
£850
Based on a loan of £168,750 over 30 years at 4.45% interest

These results are estimates and are only intended as a guide. Make sure you obtain accurate figures from your lender before committing to any mortgage. Your home may be repossessed if you do not keep up repayments on a mortgage.

Stamp duty calculator

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