Flat 3, 55
Flat 3, 55
Description & Estimates
Flat 3, 55, Wear Bay Road, Folkestone is recorded publicly as a modern leasehold apartment across 785 ft2 of internal area.
Locally, apartments of this size normally have 2 bedrooms.
Our estimate of the sale value of Flat 3, 55, Wear Bay Road, Folkestone is £326,473 and its rental estimate is £1,441 per month, given the available information and assuming reasonable condition.
55, Wear Bay Road is a residential building on Wear Bay Road, Folkestone, CT19 and falls within the CT19 postal district and the borough of Folkestone and Hythe.
Our Data Sources
Flat 3, 55, Wear Bay Road, Folkestone has 2 entries in the Land Registry , most recently in April 2023 and a single entry in the EPC database dated May 2022.
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
The condition of a property plays an important role in determining its value, with the degree of impact varying by property type, size and location.
For Flat 3, 55, Wear Bay Road, Folkestone, we estimate a market value of £342,797 and a rental value of £1,513 per month when presented in very good decorative order. Should the property require extensive cosmetic improvement, those figures would reduce to £303,620 and £1,340 per month respectively.
Recent Market Change
Over the last year, Flat 3, 55, Wear Bay Road, Folkestone has seen its estimated sale value decline by £17,706 (5.4%) and its estimated rental value climb by £25 per month (1.7%). This results in an estimated gross rental yield of 5.3%.
Energy Efficiency
Flat 3, 55, Wear Bay Road, Folkestone has an Energy Performance Rating (EPC) of C. This is based on the most recent assessment, dated 23 May 2022.
The property is connected to mains gas and has fully double glazed windows. It is heated using Boiler and radiators, mains gas.
Sold Prices
The most recent sale of Flat 3, 55, Wear Bay Road, Folkestone completed on 28th April 2023 at £335,000 and was recorded by HM Land Registry as a leasehold flat.
Since 1995 the property has sold twice.
Values of comparable properties have risen by 29.4% over the period since April 2023.
- Sold Apr 2023£335,000
- Sold Oct 2009£174,950
Similar Properties Sold Nearby
Over the past 2 years 1 property similar to Flat 3, 55, Wear Bay Road, Folkestone has sold within a radius of 780 metres, per the Land Registry and our network of Estate Agents.
The latest, on the 26th July 2024, was Flat 2, 55, Wear Bay Road, Folkestone, CT19 6PU, a leasehold flat which sold for £335,000.
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
Of the 165 addresses on Wear Bay Road, Folkestone, CT19, Flat 3, 55, Wear Bay Road, Folkestone comes out as the 112th largest and the 134th most expensive in our analysis of the public data.
It is also £40k more expensive than the average property across the CT19 district.
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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
From Flat 3, 55, Wear Bay Road, Folkestone, the nearest station is Folkestone Central, 2.0 kilometres away.
- 2.0kmFolkestone Central
- 3.1kmFolkestone West
- 8.6kmKearsney (Kent)
Available Internet Speeds
Broadband here reaches ultrafast speeds, based on recent Ofcom data.
According to recent data from Ofcom, Ultrafast broadband is available in the area.
Risk of Flooding
The flood risk here is rated very low, based on Environment Agency data.
