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31 Augusta Gardens, Folkestone, CT20

South East

£125,000

Listed on 15/06/2026

Property Details

Bedrooms
2
Type
Flat
Area
883 sqft

Description

This two-bedroom flat, perched on the second floor within the desirable West End of Folkestone, offers a unique opportunity for renovation enthusiasts and investors alike. Benefiting from a share of freehold and situated close to the Town Centre with robust transport connections, it's an appealing prospect for first-time buyers aiming to enter the market or savvy investors looking for potential rental income. Upon entry, you'll find a bright and spacious living area that serves as a versatile space suitable for both relaxation and entertaining. The large windows invite ample natural light, enhancing the welcoming atmosphere. With neutral decor currently in place, this area is ready for your personal touch and modern updates—providing a fantastic blank canvas. The kitchen is equipped with generous storage and work surfaces but could greatly benefit from a redesign to elevate its functionality and aesthetic appeal. The open layout encourages easy movement between the living and dining areas, making it ideal for hosting gatherings. The generously sized master bedroom overlooks greenery, while the second bedroom's versatility allows it to serve multiple purposes—be it guest accommodation or an office space. Both rooms are spacious enough to accommodate storage needs while providing room for customization. Completing the residence is a bathroom that only requires minor attention to become a personal retreat away from daily stresses. Throughout the flat, there are various storage options which help maintain an organized living environment. This property is ripe for cosmetic enhancements that can transform it into a chic urban dwelling tailored for contemporary living. Whether you envision stylish interiors or practical upgrades, this flat promises substantial return on investment potential in an emerging market. An ideal setting awaits those ready to invest their vision into this property.

Investment Analysis

(CT20 area)

Below Market Value

This property is priced -53.7% below area average per sq ft

-53.7%
Potential saving
This Property
£142/sq ft
Area Average
£306/sq ft
Avg Rent (weekly)
£256
Avg Yield
4.6%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£15,000 - £25,000
Target Value
£296,732
10% above area average per sq ft
Potential ROI
+97.8%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
28
Average per month
Market Turnover
8%
Properties sold annually

Local Market Trend (CT20)

Area prices are falling by -5.9% over the last 12 months
3 year growth: +2.3%
5 year growth: +6.9%
Investment Disclaimer: Analysis based on CT20 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

31 Augusta Gardens, Folkestone, CT20
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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
£472
Based on a loan of £93,750 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

Price History

-21.9% since listed
£125,000£35,000(-21.9%)
15/06/2026
Current price
£160,000Initial listing
28/02/2026

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