George Lane, Folkestone, CT20
MO

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 %
from 298,143.00 £
Est sale value
353,577.35 £
Increased by 6.27 %
from 332,710.49 £
Average area rental value
1,278.00 £/mo
Increased by 20.45 %
from 1,061.00 £/mo
Est letting value
2,318.54 £/mo
Increased by 100.00 %
from 1,159.27 £/mo
Est rental Yield
7.98 %
Increased by 86.89 %
from 4.27 %
Crime Rate
30.00 %
Unchanged by 0.00 %
from 30.00 %

Agent Activity

  • Motis Estates created the listing.

Nearby Schools

NameTypeOfstedDistance
St Eanswythe'S Church Of England Primary SchoolAcademy ConverterOutstanding0.09 KM
Folkestone Early Years CentreChildren's Centre0.36 KM
Folkestone, St Peter'S Church Of England Primary SchoolVoluntary Controlled SchoolGood0.64 KM
Christ Church Cep Academy, FolkestoneAcademy ConverterGood0.79 KM
Mundella Primary SchoolAcademy Converter0.97 KM

Images

Photo 13 Photo 1 Photo 2 Photo 3 Photo 4 Photo 5 Photo 6 Photo 7 Photo 8 Photo 9 Photo 10 Photo 11 Photo 12 Photo 14 Photo 15 Photo 16 Photo 17 Photo 18 Photo 19 Photo 22 Photo 20 Photo 21

Nearby Streets

NameAverage PriceAverage SqftDistance
George Lane £ 000.00 KM
Bayle Street £ 000.00 KM
Market Place £ 000.00 KM
Saint Michael's Street £ 100,00000.00 KM
Albion Mews Road £ 100,00000.00 KM

Nearby Transport

NameNLCTLCDistance
Folkestone Central5035FKC1.41 KM
Folkestone West5027FKW3.14 KM

Nearby Listings

AddressPriceTypeScoreDistance
George Lane, Folkestone, CT20 £ 350,000BUY5 / 100.00 KM
George Lane, Folkestone, Kent £ 550,000BUY4 / 100.01 KM
The Old High Street, Folkestone, Kent, CT20 £ 360,000BUY4 / 100.05 KM
Rendezvous Street, Folkestone, CT20 £ 160,000BUY5 / 100.08 KM
Guildhall Street, Folkestone, CT20 £ 340,000BUYUnknown0.09 KM

Nearby Properties

AddressPriceDistance
7a George Lane £ 93,0000.01 KM
10 Church Street £ 390,0000.08 KM
5 Church Street £ 55,0000.08 KM
16a Church Street £ 82,0000.08 KM
19b Rendezvous Street £ 120,0000.09 KM