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Morrison Road, Folkestone, CT20

South East

£250,000
Listed on 30/03/2026

Property Details

Bedrooms
3
Type
Terraced
Area
1202 sqft

Description

This three-bedroom terraced house on Morrison Road represents an attractive investment opportunity in a rapidly evolving area of Folkestone. Situated just a short walk from the historic Folkestone Harbour, this property is perfect for those looking to capitalize on the ongoing regeneration of this coastal town. Although in need of modernization, the home's solid construction and existing gas central heating provide a reliable foundation for updates. The interior features an open-plan lounge-diner that can be reimagined to suit contemporary living needs, generating light-filled spaces that enhance its potential. The separate kitchen awaits your creative touch—imagine transforming it into a stylish culinary haven. On the first floor, two spacious bedrooms and a four-piece bathroom offer comfort and convenience, while the top floor surprises with an expansive bedroom that could easily be tailored into a luxurious master suite or versatile office space. Outside, you'll find a low-maintenance courtyard garden perfect for enjoying the outdoors without extensive upkeep. The inclusion of on-street permit parking adds further appeal in this desirable location. With Folkestone's ongoing revival marked by vibrant dining options at the Harbour Arm and an artistic atmosphere in the Creative Quarter, this property holds significant potential for both first-time buyers and investors looking to secure a foothold in this thriving market. Properties like this, offering such promising renovation prospects in sought-after locales, are highly sought after.

Investment Analysis

(CT20 area)

Below Market Value

This property is priced -30.5% below area average per sq ft

-30.5%
Potential saving
This Property
£208/sq ft
Area Average
£299/sq ft
Avg Rent (weekly)
£256
Avg Yield
4.7%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£15,000 - £30,000
Target Value
£395,602
10% above area average per sq ft
Potential ROI
+41.3%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
23
Average per month
Market Turnover
12%
Properties sold annually

Local Market Trend (CT20)

Area prices are stable by -1.5% over the last 12 months
3 year growth: +5.6%
5 year growth: +16.6%
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

Morrison Road, Folkestone, CT20
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Mortgage Calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 4.06%

Current average variable rate is 6.81%

Monthly Repayments
£902
Based on a loan of £187,500 over 30 years at 4.06% 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.

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