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Tontine Street, Folkestone, Kent CT20 1JT

South East

£580,000

Listed on 18/07/2026

Property details

Bedrooms
6
Type
Commercial Development
Area
3082 sqft

Description

This mixed-use property offers an intriguing investment opportunity in a prime location of Folkestone, benefiting from both immediate rental income and significant potential for future development. Located on Tontine Street, known for its vibrant atmosphere, this period building spans approximately 3,082 sq.ft. over five floors and includes a successful commercial tenant generating £10,000 per annum. The upper floors present a flexible layout that could accommodate a range of uses—ranging from luxury apartments to serviced accommodation—subject to planning consent. With the ongoing regeneration in Folkestone enhancing its appeal, this property is positioned for substantial capital growth. Investors and developers alike will find the combination of an established income stream and redevelopment possibilities particularly attractive.

Investment analysis

(CT20 area)

Below Market Value

This property is priced -37.8% below area average per sq ft

-37.8%
Potential saving
This Property
£188/sq ft
Area Average
£303/sq ft
Avg Rent (weekly)
£248
Avg Yield
4.5%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£100,000 - £200,000
Target Value
£1,026,214
10% above area average per sq ft
Potential ROI
+31.6%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
29
Average per month
Market Turnover
8%
Properties sold annually

Local Market Trend (CT20)

Area prices are falling by -3.0% over the last 12 months
3 year growth: +5.1%
5 year growth: +8.4%
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

Tontine Street, Folkestone, Kent CT20 1JT
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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
£2,191
Based on a loan of £435,000 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

This calculation uses non-residential (land/commercial) tax rates.

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