Bairstow Eves says ..

Property Oracle says ..

This three-bedroom property located on Marshall Street in Folkestone, Kent, presents a mixed bag of opportunities and challenges. The address boasts a convenient location, with relatively easy access to local amenities, primary schools, and Folkestone Central train station. This makes it potentially attractive to families or commuters.

However, the property’s condition is a significant factor. The images clearly depict a property that is dated and in need of substantial refurbishment. Outdated wallpaper, worn carpets, and general cosmetic wear and tear are apparent. Potential buyers should factor in the cost of a full renovation, which could potentially add significantly to the overall investment.

Furthermore, the absence of a garden or significant outdoor space is a drawback that reduces the property’s overall desirability. The lack of detailed plot size information limits a more precise assessment of this aspect.

The asking price of £210,000 falls within the range of other similar properties on Marshall Street. However, when considering the needed renovation, this price might be on the higher side. A thorough assessment and potentially a professional survey would assist in determining whether this figure represents fair market value given the required work. Buyers would need to weigh the potential resale value after renovation against the initial cost and associated refurbishment expenses. Overall, this property’s potential is hindered by its current condition but its location could offer long-term benefits once modernised.

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

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