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11 bed flat
16 Grace Hill, Folkestone, Kent, CT20 1HE
£580,000
-3.3%
Next Steps
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Price History
Initial price £600,000
May 5, 2026 £580,000
Price Change -3.3%
Our Summary
- A Well Located Freehold Investment Opportunity Consisting Of Four Apartments Producing a Rental Income of £63,120 Per Annum
- Flat 4 was renewed on 1 March 2026 at £1,210 PCM (a 10% increase from £1,100), and the other three flats are due for renewal during the year, with potential but not guaranteed rent increases
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Description
The property consists of four flats: three three-bedroom units and one two-bedroom unit. Flat 1 is a three-bedroom maisonette over ground and lower ground floor with its own private courtyard garden, while Flats 2, 3, and 4 are three- and two-bedroom flats located on the first, second, and third floors, accessed via communal front doors and staircases. The property is located in Folkestone, near the old Folkestone Library and the town centre.