Graham John says ..

Property Oracle says ..

This property presents a unique opportunity, but one that comes with substantial caveats. Located in central Folkestone, the location offers convenience to the train station (0.84 km) and various schools, including Christ Church Cep Academy (Good Ofsted rating, 0.20 km). However, the property itself is in a visibly poor state of repair. External photos show significant disrepair, including extensive staining, graffiti, and what appears to be general neglect. The substantial plot size is not detailed but appears minimal. Given that the surrounding properties have varying prices and sizes, it’s difficult to determine the exact price per square foot. However, considering the property’s poor condition, significant renovation would be required, adding substantial cost to the purchase price. A comprehensive survey is essential before considering this property. The potential for redevelopment is a key factor, and potential buyers must carefully weigh the risks and costs involved against the potential return. The lack of specific details in nearby listing significantly limits a more robust pricing comparison.

Therefore, we give this property 4 / 10. *Disclaimer: This is our option and does constitute a recommendation or financial advice. Do your own research. *

Images