>
Canterbury Road, Folkestone, CT19 12 bed property with land for sale
Canterbury Road, Folkestone, CT19
£175,000
Canterbury Road, Folkestone, CT19
£175,000
Our Summary
- The property is currently a derelict development site which had planning permission for 3 dwellings under planning 20/0367/FH - extension and conversion of former pub (A4) to 2 x 2 bed and 1 x 3 bed residential dwellings (C3)
- We have analysed 2 and 3 bedroom houses and it is felt that the properties above are of a good comparable evidence, we have adjusted the value accordingly as they are smaller than the subject properties, lack of parking and also a derelict site opposite
- 5 sq m: £225,00060C: A 3 Bedroom End of Terrace House of 94 sq m: £250,000Gross Development Value: £710,000Please see Planning Applications for Floorplans and Design and Access Statement
Description
This property is a derelict development site located on the corner of Canterbury Road and Bridge Street in Folkestone, Kent. The site has planning permission for three dwellings, but the conversion and extension of the former pub was not completed. The property is in a state of disrepair, with partial roof coverings, no windows or doors, and has been exposed to the elements for four years. Despite its condition, the property has a gross development value of £710,000, with comparable evidence from nearby properties suggesting a value of over £175,000. The site offers potential for development, with nearby amenities including shops, schools, and bus routes. Folkestone is accessible via the M20 and has good transport links to London and other surrounding areas.