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Greenfield Road, Folkestone, CT19 - Image 1
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Greenfield Road, Folkestone, CT19

South East

£180,000
Listed on 19/08/2025

Property Details

Bedrooms
3
Type
Terraced house
Area
995 sqft

Description

CASH BUYERS ONLY This three-bedroom mid-terrace property presents a compelling opportunity for those looking to invest in a renovation project. Located on the desirable Greenfield Road in Folkestone, the property is poised for transformation, allowing new owners to substantially increase its value through refurbishment. Internally, the home features an open-plan layout that includes a lounge/dining area and a kitchen, alongside a family bathroom. The three bedrooms are situated on the upper floor, offering ample space for comfortable living. A private rear garden adds another layer of potential, providing a blank canvas for landscaping or outdoor living possibilities. While the property is currently in need of complete refurbishment and is being sold as-is, this situation allows for creativity and customization tailored to modern lifestyles. Please be aware that this listing is exclusively available to cash buyers, due to an outstanding Section 35 notice regarding non-compliance with building regulations related to the exterior wall. Folkestone's appeal lies not only in its current charm but also its ongoing regeneration. The town has seen significant investment over recent years with plans for additional developments focused around the town center and harbor. Those considering this property will benefit from proximity to local amenities, schools, and efficient transport links—including two High Speed Rail services connecting to London in under an hour. In summary, this property represents a unique opportunity in a thriving coastal town that is ripe for reinvention and growth. Whether aiming to create a desirable family residence or looking for a rental investment, this location offers both immediate engagement with community life and long-term investment potential.

Investment Analysis

(CT19 area)

Below Market Value

This property is priced -37.2% below area average per sq ft

-37.2%
Potential saving
This Property
£181/sq ft
Area Average
£288/sq ft
Avg Rent (weekly)
£286
Avg Yield
5.0%

Renovation Potential

Est. Renovation Cost
£18,000 - £45,000
10-25% of property value
Target Value
£315,107
10% above area average per sq ft
Potential ROI
+40.0%
After renovation
Monthly Sales
20
Average per month
Market Turnover
27%
Properties sold annually

Local Market Trend (CT19)

Area prices are falling by +3.2% over the last 12 months
3 year growth: 0.0%
5 year growth: 17.6%
Investment Disclaimer: Analysis based on CT19 area averages and may not reflect property-specific factors like condition, exact location, or unique features. 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

Greenfield Road, Folkestone, CT19
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