Manilla Crescent, Folkstone Court, BS23

VACANT, CHAIN FREE & PRICED TO SELL-FANTASTIC OPPORTUNITY TO REFURBISH

LEASEHOLD 947 YEARS REMAINING

SERVICE CHARGE £1236 PER ANNUM (£103 paid monthly)

GROUND RENT £15 PER ANNUM

Offered to the market with no onward chain and vacant possession, this one bedroom flat is attractively priced to sell and represents a compelling opportunity for both first-time buyers and investors alike. Situated on the third floor of a well-maintained period building, overlooking Marine Lake, the property requires refurbishment, allowing purchasers to tailor the interior to their own tastes and specifications. The flat enjoys a long leasehold tenure with approximately 947 years remaining, ensuring peace of mind for years to come. The service charge is set at £1,236 per annum (approximately £103 per month), covering the upkeep of communal areas and building management. The ground rent is £15 per annum. Residents benefit from unallocated off road parking, adding convenience for car owners. The flat comprises a well-proportioned double bedroom, a bright living area, separate kitchen, and a bathroom, all offering scope for modernisation and improvement. With an EPC rating of D and the potential to reach a B rating following upgrades, the property offers excellent prospects for enhanced energy efficiency. The council tax is banded at A, making it an economical choice for ongoing costs. Located within close proximity to the picturesque Marine Lake, the seafront, and a wide range of town centre amenities, the flat is ideally positioned for those seeking easy access to leisure, shopping, and transport links. For investors, the property presents a strong rental prospect with an estimated achievable rent of approximately £700 per calendar month, representing a gross yield of around 10 percent per annum. This combination of affordability, location, and potential for value enhancement makes this flat a standout opportunity in the current market. Early viewing is highly recommended to appreciate the potential and secure a property with genuine scope for capital growth and attractive rental returns.

A Buyer’s Reservation Fee forms part of any agreed purchase price. Please contact branch for more information.

1. MONEY LAUNDERING REGULATIONS - Intending purchasers will be asked to produce identification documentation at a later stage and we would ask for your co-operation in order that there will be no delay in agreeing the sale.
2: These particulars do not constitute part or all of an offer or contract.
3: The measurements indicated are supplied for guidance only and as such must be considered incorrect.
4: Potential buyers are advised to recheck the measurements before committing to any expense.
5: MP has not tested any apparatus, equipment, fixtures, fittings or services and it is the buyers interests to check the working condition of any appliances.
6: MP has not sought to verify the legal title of the property and the buyers must obtain verification from their solicitor.

Parking - Off street

Unallocated Spaces