George Lane, Folkestone, CT20
By Motis Estates
£ 350,000
Reviews
2 out of 5 stars
Motis Estates says ..
*** Investment Opportunity *** Motis Estates Chartered Surveyors in Folkestone are proud to bring to market a prominent restaurant and 3 flats in the heart of Folkestone's town centre.
Property Oracle says ..
The property is located on George Lane in Folkestone, Kent. It’s a flat with a size of 1,159.27 sqft and is listed at £350,000. Folkestone Central train station is approximately 1.41 km away, offering convenient transport links. Several primary schools are within a 1 km radius, including St Eanswythe’s Church of England Primary School (rated Outstanding).
Based on the provided images, the property appears to be in generally fair condition, although some areas may benefit from modernisation or updates. The kitchen and bathrooms show signs of wear and tear, and some cosmetic improvements could enhance the overall aesthetic appeal. There is no evidence of significant structural issues.
The property does not appear to have any associated land; it is a flat.
Considering the list price of £350,000, the average price in the area is £257,796, and the average price per sqft is £293. This property is significantly above the average price for the area. However, the lack of plot size and the apparent need for some modernisation must be considered when assessing value. The higher price may reflect the central location and proximity to amenities and transport. Further comparative market analysis of similar sized flats in the immediate vicinity would be beneficial to determine the accuracy of the asking price.
Therefore, we give this property 5 / 10. *Disclaimer: This is our option and does constitute a recommendation or financial advice. Do your own research. *
- Price
- 5
- Condition
- 6
- Location
- 8
- Land
- 1
- Bedrooms
- 0
- Bathrooms
- 0
- Sqft (est)
- 1,159.27
The heatmap indicates the level of crime in the area. The color of the heatmap indicates the crime severity and recency.
Metrics Year-on-Year
- Average area value
- 192,063.00 £Decreased by 35.58 %
- Est sale value
- 353,577.35 £Increased by 6.27 %
- Average area rental value
- 1,278.00 £/moIncreased by 20.45 %
- Est letting value
- 2,318.54 £/moIncreased by 100.00 %
- Est rental Yield
- 7.98 %Increased by 86.89 %
- Crime Rate
- 30.00 %Unchanged by 0.00 %
Agent Activity
Motis Estates created the listing.
Nearby Schools
| Name | Type | Ofsted | Distance |
|---|---|---|---|
| St Eanswythe'S Church Of England Primary School | Academy Converter | Outstanding | 0.09 KM |
| Folkestone Early Years Centre | Children's Centre | 0.36 KM | |
| Folkestone, St Peter'S Church Of England Primary School | Voluntary Controlled School | Good | 0.64 KM |
| Christ Church Cep Academy, Folkestone | Academy Converter | Good | 0.79 KM |
| Mundella Primary School | Academy Converter | 0.97 KM |
Images
Nearby Streets
| Name | Average Price | Average Sqft | Distance |
|---|---|---|---|
| George Lane | £ 0 | 0 | 0.00 KM |
| Bayle Street | £ 0 | 0 | 0.00 KM |
| Market Place | £ 0 | 0 | 0.00 KM |
| Saint Michael's Street | £ 100,000 | 0 | 0.00 KM |
| Albion Mews Road | £ 100,000 | 0 | 0.00 KM |
Nearby Transport
| Name | NLC | TLC | Distance |
|---|---|---|---|
| Folkestone Central | 5035 | FKC | 1.41 KM |
| Folkestone West | 5027 | FKW | 3.14 KM |
Nearby Listings
| Address | Price | Type | Score | Distance |
|---|---|---|---|---|
| George Lane, Folkestone, CT20 | £ 350,000 | BUY | 5 / 10 | 0.00 KM |
| George Lane, Folkestone, Kent | £ 550,000 | BUY | 4 / 10 | 0.01 KM |
| The Old High Street, Folkestone, Kent, CT20 | £ 360,000 | BUY | 4 / 10 | 0.05 KM |
| Rendezvous Street, Folkestone, CT20 | £ 160,000 | BUY | 5 / 10 | 0.08 KM |
| Guildhall Street, Folkestone, CT20 | £ 340,000 | BUY | Unknown | 0.09 KM |
Nearby Properties
| Address | Price | Distance |
|---|---|---|
| 7a George Lane | £ 93,000 | 0.01 KM |
| 10 Church Street | £ 390,000 | 0.08 KM |
| 5 Church Street | £ 55,000 | 0.08 KM |
| 16a Church Street | £ 82,000 | 0.08 KM |
| 19b Rendezvous Street | £ 120,000 | 0.09 KM |