# 2 bedroom apartment for rent (CT20 1EP)

## Property Details

| Key | Value |
|-----|-------|
| Address | 62 COOLINGE ROAD, FOLKESTONE, KENT CT20 1EP |
| Price | £500 pcm |
| Bedrooms | 2 |
| Bathrooms | 1 |
| Last sold | £90,000 Oct 2018 |

## Description

With the town on your doorstep you will struggle to find a property for more ideally situated for your needs.

This second floor apartment comprises; two good sized bedrooms, three piece bathroom suite and a modern kitchen open to the lounge.

The property benefits from double glazing, entry phone system and it being newly decorated throughout.

DSS with a suitable guarantor considered

## Property Photos

- ![P1020784](/listings/photos/55066252/703789) - P1020784
- ![P1020790](/listings/photos/55066252/703790) - P1020790
- ![P1020791](/listings/photos/55066252/703791) - P1020791
- ![P1020787](/listings/photos/55066252/703793) - P1020787
- ![P1020786](/listings/photos/55066252/703794) - P1020786
- ![P1020788](/listings/photos/55066252/703795) - P1020788

## EPC Graphs

- ![Energy Performanc...](/listings/photos/55066252/703796) - Energy Performanc...

## Rental Range

*ONS Price Index of Private Rents (Folkestone and Hythe). Low / Realistic / Optimistic = conservative / average / best case.*

- **Low:** £1,045/mo
- **Realistic:** £1,161/mo
- **Optimistic:** £1,277/mo

## LHA (Local Housing Allowance)

*VOA 30th percentile rent floor for Dover-Shepway (Apr 2025 – Mar 2026).*

- **LHA floor (this property size):** £693/mo

## Rental Comparables

*Residential lets from OpenRent and Rightmove for the area (same bedroom count). Use to validate rent estimates. Student lets are excluded.*

| Title | Rent | Beds | Distance | As seen on |
|------|------|------|------|------|
| 2 Bed Semi-Detached House, Garden Road, CT19 | £1,100/mo | 2 | 0.38 miles | OpenRent |

**Average rent: £1,100/mo (1 listing)**

## Rent-driven metrics

*Based on OpenRent comparables (median £1,100/mo).*

- **Gross yield:** 2640%
- **Monthly cashflow:** £963/mo (75% LTV, 3.95% APR (5yr fixed), 25yr term)
- **Cash-on-cash ROI:** 7969.9%

*Gross yield = annual rent as % of price (no costs). Cashflow = rent − mortgage − 10% maintenance − £25/mo compliance; assumes 75% LTV, 3.95% APR (5yr fixed), 25yr term. ROI = annual profit ÷ cash in (deposit + 4% purchase costs).*

## Flood risk

- **Zone:** 1
- **Risk:** Low
- **Source:** Job (default Low)

[Check long-term flood risk (GOV.UK)](https://check-long-term-flood-risk.service.gov.uk/postcode)