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Morrison Road, Folkestone CT20 - Image 1
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Morrison Road, Folkestone CT20

South East

£250,000
Listed on 15/04/2026

Property Details

Bedrooms
3
Type
Terraced
Area
1202 sqft

Description

This three-bedroom terraced house, located in a desirable area of Folkestone, represents an excellent opportunity for those looking to invest or first-time buyers eager to create their ideal living space. Just a short distance from the rejuvenated Folkestone Harbour, this property is situated in a town poised for growth and regeneration, making it an attractive prospect for savvy investors. The house requires comprehensive modernisation throughout, offering a blank canvas that can be transformed into a contemporary home tailored to your taste. The structure is sound, featuring essential amenities such as gas central heating and a practical three-floor layout that maximizes space. Upon entering, you are welcomed by an open-plan lounge-diner that serves as the main hub of the home, providing ample natural light and opportunities for creative design. The adjoining kitchen awaits refurbishment—imagine sleek modern fittings or classic designs infused with local character. On the first floor, there are two well-sized bedrooms along with a spacious four-piece bathroom that includes both a bath and separate shower cabin. The top floor boasts an expansive double bedroom featuring unique architectural angles that could easily become either a luxurious master suite or an inspiring workspace. Outside, the manageable courtyard garden promises outdoor enjoyment without excessive maintenance while on-street permit parking adds convenience in this vibrant locale. Morrison Road’s location enhances its value; Folkestone has seen significant development recently, with cultural hotspots like the Harbour Arm attracting food lovers and art enthusiasts alike. This property not only offers potential for personalisation but also stands as a sound investment in a community-focused coastal town where property values are on the rise. Whether you're aiming to live in or rent out, this house has the potential to yield strong returns in an area where homes needing renovation are increasingly sought after.

Investment Analysis

(CT20 area)

Below Market Value

This property is priced -30.9% below area average per sq ft

-30.9%
Potential saving
This Property
£208/sq ft
Area Average
£301/sq ft
Avg Rent (weekly)
£240
Avg Yield
4.4%

Renovation Potential

Heavy Refurb
Est. Renovation Cost
£40,000 - £60,000
Target Value
£398,114
10% above area average per sq ft
Potential ROI
+28.4%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
27
Average per month
Market Turnover
8%
Properties sold annually

Local Market Trend (CT20)

Area prices are falling by -3.9% over the last 12 months
3 year growth: +4.7%
5 year growth: +11.1%
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 3.91%

Current average variable rate is 6.62%

Monthly Repayments
£885
Based on a loan of £187,500 over 30 years at 3.91% 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

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