This calculator provides a guide to the amount of residential stamp duty you may pay and does not guarantee this will be the actual cost. This calculation is based on the Stamp Duty Land Tax Rates for residential properties purchased from 23rd September 2022 and second homes from 31st October 2024. For more information on Stamp Duty Land Tax, click here.
£400,000
8 bedroom Mid Terrace House for sale, Russell Street, Kent, CT16
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Features and Description
- Investment Opportunity
- 4 X 2 Bed Flats
- No Onward Chain
- EPC - C
**FREEHOLD INVESTMENT OPPORTUNITY**Reeds Rains are delighted to bring to the market this substantial end of terrace freehold property which has been split in to four independent self-contained flats. The independent flats are being sold with tenants in situ with the entire building currently achieving an annual income of £31,500. All units have two bedrooms and occupy each individual floor. The block is well located within walking distance of the town centre, seafront and train station and is being offered to all investment purchasers looking to add to their portfolio.
Location
This freehold building is within walking distance of the town centre, along with the new St James shopping area featuring a Marks & Spencer Food Hall, Cineworld and Next amongst others, this is a brilliant position to be. The beautiful sea-front and the main-line Priory railway station are just a short walk away. From Priory you can catch the fast link train to London St Pancras in just over 1 hour. There are good access routes to the A2/M2 to Canterbury and London too. The area provides a good range of primary and secondary schools, together with the Dover Boys' and Girls' Grammar Schools.
Flat 1
A two bedroom lower ground floor flat being sold with a tenant in situ. EPC - D. Council Tax Band A.
Flat 2
A two bedroom ground floor flat being sold with a tenant in situ. EPC - C. Council Tax Band A.
Flat 3
A two bedroom first floor flat being sold with a tenant in situ. EPC - C. Council Tax Band A.
Flat 4
A two bedroom top floor (second) flat being sold with a tenant in situ. EPC - D. Council Tax Band A.
IMPORTANT NOTE TO POTENTIAL PURCHASERS:
We endeavour to make our particulars accurate and reliable, however, they do not constitute or form part of an offer or any contract and none is to be relied upon as statements of representation or fact. The services, systems and appliances listed in this specification have not been tested by us and no guarantee as to their operating ability or efficiency is given. All photographs and measurements have been taken as a guide only and are not precise. Floor plans where included are not to scale and accuracy is not guaranteed. If you require clarification or further information on any points, please contact us, especially if you are travelling some distance to view. Fixtures and fittings other than those mentioned are to be agreed with the seller.
Russell Street, Kent, CT16
Additional Information
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Property refFOL210071
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EPCC
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TenureFreehold
Reeds Rains Estate Agents Folkestone
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Reeds Rains Estate Agents Folkestone
Reeds Rains Folkestone
85 Sandgate Road, Folkestone, CT20 2AF
Mon - Fri09:00 - 18:00Saturday09:00 - 16:00SundayClosed
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Borrowing £360,000 and repaying over 25 years with a 2.5% interest rate.
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Floorplan
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Flat 2
A two bedroom ground floor flat being sold with a tenant in situ. EPC - C. Council Tax Band A.
Flat 4
A two bedroom top floor (second) flat being sold with a tenant in situ. EPC - D. Council Tax Band A.
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Energy Efficiency Rating
Very energy efficient - lower running costs
Not energy efficient - higher running costs
Current
75Potential
80CO2 Rating
Very energy efficient - lower running costs
Not energy efficient - higher running costs