Flat 2, 55
Flat 2, 55
Description & Estimates
Public records show Flat 2, 55, Wear Bay Road, Folkestone to be a modern leasehold apartment with 688 ft2 of internal area.
In this area, apartments of this size normally have 2 bedrooms.
Flat 2, 55, Wear Bay Road, Folkestone has an estimated sale value of £301,339 and an estimated rental value of £1,366 per month, assuming reasonable condition and based on the information available.
The apartment sits within 55, Wear Bay Road, Folkestone, CT19.
Wear Bay Road, Folkestone, CT19 lies in the borough of Folkestone and Hythe, within the CT19 postal district.
Our Data Sources
Flat 2, 55, Wear Bay Road, Folkestone has 3 entries in the Land Registry , most recently in July 2024 and a single entry in the EPC database dated April 2024.
We combine this information with that of neighbouring properties to estimate the property attributes and values.
The local information is scored as 3 out of 5 and is considered of medium accuracy.
Price Range & Condition
In very good condition, we estimate Flat 2, 55, Wear Bay Road, Folkestone would be worth £316,406, with a potential rental value of £1,434 per month.
If substantial cosmetic improvements are needed, the estimated sale value falls to £280,245, with a rental value of £1,270 per month.
The extent to which decoration affects a property's value depends on its type, size and location.
Recent Market Change
The estimated sale value of Flat 2, 55, Wear Bay Road, Folkestone has moved down by £16,343 (5.4%) over the last year. During the same period, its estimated monthly rental value has increased by £24 (1.7%). The property's estimated gross yield is currently 5.4%.
Energy Efficiency
Flat 2, 55, Wear Bay Road, Folkestone has an Energy Performance Rating (EPC) of B. This is based on the most recent assessment, dated 14 Apr 2024.
The property is connected to mains gas and has fully double glazed windows. It is heated using Boiler and radiators, mains gas.
Sold Prices
Flat 2, 55, Wear Bay Road, Folkestone last changed hands on 26th July 2024, selling for £335,000. The transaction was logged as a leasehold flat by HM Land Registry.
In total it has sold 3 times since 1995.
The market for similar properties has risen by 29.5% since July 2024.
- Sold Jul 2024£335,000
- Sold Jul 2015£225,000
- Sold Oct 2009£210,000
Similar Properties Sold Nearby
Land Registry records and our Estate Agent network show 2 sales of comparable properties within 780 metres of Flat 2, 55, Wear Bay Road, Folkestone across the last 2 years.
Most recently, Flat 3, 55, Wear Bay Road, Folkestone, CT19 6PU, a leasehold flat, sold at £335,000 on the 28th April 2023.
Read more about house prices in CT19.
•Nearby is defined as the radius comprising the nearest 2,000 addresses.
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Location Comparison
Our analysis of the public data ranks Flat 2, 55, Wear Bay Road, Folkestone as the 129th largest and the 150th most expensive of the 165 addresses on Wear Bay Road, Folkestone, CT19.
Against the CT19 postcode district average, it is £15k more expensive than the typical property.
More reading links
Schools Nearby
- 100mMartello Primary
- 300mFolkestone St. Mary's Church of England Primary Academy
- 800mCastle Hill Community Primary School
- 2.1kmFolkestone Academy
- 2.8kmThe Harvey Grammar School
- 3.4kmTurner Free School
More reading links
Public Transport Nearby
Folkestone Central station is the nearest stop to Flat 2, 55, Wear Bay Road, Folkestone at 2.0 kilometres away.
- 2.0kmFolkestone Central
- 3.1kmFolkestone West
- 8.6kmKearsney (Kent)
Available Internet Speeds
Ofcom's latest figures show ultrafast broadband available in this area.
According to recent data from Ofcom, Ultrafast broadband is available in the area.
Risk of Flooding
Environment Agency data suggests this area has a very low risk of flooding.
