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St Michaels Street, Folkestone, CT20 - Image 1
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St Michaels Street, Folkestone, CT20

South East

£300,000
Listed on 07/09/2025

Property Details

Bedrooms
5
Type
Terraced house

Description

This spacious mid-terrace home offers an exciting opportunity for renovation and investment. Featuring five bedrooms, it presents a versatile layout that can accommodate a growing family or serve as a project for those looking to make their mark in real estate. The property benefits from being chain-free, simplifying the process for potential buyers. Upon entering, you’ll find generous living areas that can be transformed according to your vision. The traditional design includes five well-sized bedrooms, providing ample space that could easily be reimagined into separate living units with the right planning approval. Two bathrooms enhance practicality, making it suitable for larger families or as guest accommodations. The kitchen, bathed in natural light, is positioned to inspire culinary creativity and modern updates. A modest garden at the rear offers the potential for landscaping or simply enjoying outdoor space in a peaceful setting. Location is a key attribute of this property. Nestled near the scenic harbour, residents can take advantage of nearby vibrant cafes, boutique shops, and picturesque waterfront walks. This neighborhood not only boasts stunning views but also fosters a strong sense of community. Overall, this residence stands as a blank canvas ripe with investment potential, whether you're seeking to create your dream home or capitalize on its development possibilities.

Investment Analysis

(CT20 area)
Area Average
£303/sq ft
Avg Rent (weekly)
£235
Avg Yield
4.2%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£50,000 - £80,000
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
25
Average per month
Market Turnover
9%
Properties sold annually

Local Market Trend (CT20)

Area prices are rising by +3.1% over the last 12 months
3 year growth: 6.6%
5 year growth: 26.8%
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

St Michaels Street, Folkestone, CT20
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Mortgage Calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 4.19%

Current average variable rate is 6.78%

Monthly Repayments
£1,099
Based on a loan of £225,000 over 30 years at 4.19% 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.

Next Steps

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YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE