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Bricks&Logic is a trading name of Urban Markets Ltd
Company No. 11113204
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VAT No. GB 287 0845 68
Registered Address: 2 Leman St, London E1 8FA
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According to the public record, 2, Palmerston Street, Folkestone is a modern freehold house with 1,054 ft2 of internal area.
Houses of this size in this area normally have 3 bedrooms with a garden.
Based on available information, and assuming reasonable condition, the estimated sale value for 2, Palmerston Street, Folkestone is £362,442 and the estimated rental value is £1,627 per month.
Palmerston Street, Folkestone, CT19 is located in the borough of Folkestone and Hythe within the CT19 postal district.
2, Palmerston Street, Folkestone has a single entry in the Land Registry from November 2023 and a single entry in the EPC database dated June 2022.
We combine this information with that of neighbouring properties to estimate the property attributes and values.
The local information is scored as 2 out of 5 and is considered of medium accuracy.
Decorative condition can have a big effect on a property's value and this effect varies depending on the type, size and location of the property.
If 2, Palmerston Street, Folkestone is in very good condition we estimate a sale value of £380,565 and a rental value of £1,708 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £337,072 and a rental value of £1,513 per month.
Over the last 12 months the sale value of 2 Palmerston Street Folkestone has decreased by an estimated £14,575 (4.0%) and its rental value has increased by an estimated £41 per month (2.5%), giving an expected gross yield of 5.4%.
2, Palmerston Street, Folkestone has an Energy Performance Rating (EPC) of C. This is based on the most recent assessment, dated 06 Jun 2022.
The property is not connected to mains gas and has high performance glazing. It is heated using Room heaters, electric.
According to HM Land Registry, 2, Palmerston Street, Folkestone was last sold on 28th November 2023 for £345,000 and was recorded as a freehold house.
The property has only had this single sale since 1995.
Since November 2023, the market for similar properties has risen 12.1%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 2, Palmerston Street, Folkestone within a radius of 380 metres over the last 2 years.
The most recent example is 3, Palmerston Street, Folkestone, CT19 5SN, a freehold house which sold for £360,000 on the 27th September 2023.
Read more about house prices in CT19.
•Nearby is defined as the radius comprising the nearest 2,000 addresses.
Palmerston Street, Folkestone, CT19 has a total of 5 addresses. According to our analysis of all the public data, 2, Palmerston Street, Folkestone is the 3rd largest and the 3rd most expensive property on the street.
When compared to the postcode district it is £76k more expensive than the average property in CT19.
The closest station to 2, Palmerston Street, Folkestone is Folkestone Central station which is 500 metres away.
According to data from the Environment Agency, the flood risk in this area is considered to be very low.
The recent census recorded whether a resident owned or rented their home.
In the area around 2, Palmerston Street, Folkestone, 45.3% of property is privately rented and 23.3% is socially rented.
The graph below shows how this compares to South East and the rest of England & Wales.
The recent census recorded the highest level of education achieved by residents in the local area.
In the area around 2, Palmerston Street, Folkestone, 22.7% of residents are recorded as possessing school level qualifications and 22.2% as possessing degree level qualifications.
The graph below shows how this compares to South East and the rest of England & Wales.
The most recent census in 2021 recorded the age of all UK residents.
In the area around 2, Palmerston Street, Folkestone, the average age was 36.2 and the most common age was 12.
The graph below shows how this compares to South East and the rest of England & Wales
The recent census recorded whether a property was a primary or secondary home for the resident.
In the area around 2, Palmerston Street, Folkestone, 0.0% of property was a second home.
Comparison figures for South East and the rest of England & Wales are listed below.
The recent census recorded the number of cars registered in each household.
In the area around 2, Palmerston Street, Folkestone, there are an average of 0.7 cars per household.
See below for how this compares to South East and the rest of England & Wales.
