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The Leas, Folkestone, Kent CT20 2DT

South East

£100,000Guide Price

Listed on 07/09/2026

The listing

Property details

Bedrooms
2
Type
Flat
Area
710 sqft

Description

This two-bedroom first-floor flat, located on The Leas promenade, offers stunning sea views and is ripe for improvement and redecoration. The property features a balcony that enhances the living experience, allowing residents to enjoy the coastal scenery. With a spacious sitting/dining room and a functional kitchen, this flat is well-positioned near local amenities including shops, cafes, and restaurants. The leasehold extends for 136 years from 1971, providing long-term ownership potential. Offered at auction on 24th September 2026, this property presents an excellent opportunity for investors or those looking to create their ideal home in a desirable location.

WHOTS analysis

Our WHOTS verdict

An internal assessment of the opportunity to acquire, improve and create value.

71out of 100
Grade BGood opportunity

Confidence: MEDIUM

This first-floor apartment on The Leas promenade presents a fantastic opportunity for those looking to acquire a property at a remarkably low asking price of £100,000, which translates to just £141/sqf — significantly below the local average of £303/sqf. The potential for value creation is evident, especially given the far-reaching sea views and the proximity to local amenities including shops, cafes, and restaurants. While the apartment is in need of significant refurbishment, with dated interiors throughout, this allows new owners to truly stamp their mark on the space and increase its value.

With renovation costs estimated between £40,000 and £80,000, buyers have a canvas to work with that could yield a desirable living space in a sought-after location. The overall project scale is light and typical, making this a manageable renovation for many. Though the market can be volatile, the current price positioning offers a buffer against potential risks, making this listing a compelling choice for investors or first-time buyers ready to take on a project.

Key opportunities

  • Significant potential for improvement and increased value through refurbishment.
  • Desirable location with sea views, enhancing appeal post-renovation.
  • Affordable entry price allows for a profitable investment after upgrades.

Key risks

  • Market volatility may impact investment returns.

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Map

Location

The Leas, Folkestone, Kent CT20 2DT
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Finance

Mortgage calculator

Illustrative repayments based on the asking price, not a mortgage offer.

£
£
£
%
%
years

Current average 2-year fixed rate is 4.45%

Current average variable rate is 6.60%

Monthly Repayments
£378
Based on a loan of £75,000 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.

Tax

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Indicative tax based on the asking price and the options you select.

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