What Happened With Folkestone Prices In September 2024?

In September 2024, house prices in Kent experienced notable trends. The average house price across the county was around £374,000, placing it as the 15th most expensive county in England and Wales. Over the past year, prices in Kent have seen fluctuations, with Folkestone and Hythe showcasing resilience in the face of broader market adjustments. In Folkestone, the average house price was £296,000, noting a slight decrease of 0.3% over the previous 12 months (Data from Plumplot and Office For National Statistics)

Folkestone remains an attractive investment destination for several reasons. First, its location offers easy access to both London (via the high-speed rail link) and continental Europe, which appeals to commuters and holidaymakers alike.

Also, the average property prices in Folkestone, while lower than the Kent average, offer strong value for money, particularly for investors looking at long-term growth potential. Homes in Folkestone also span a variety of price ranges, making it accessible for both first-time buyers and seasoned investors. For instance, three-bedroom homes average around £391,578 (Data from GetAgent)

The ongoing development of the town, including regeneration projects and increasing demand for seaside living, is likely to sustain or boost property values over the coming years. Folkestone’s combination of affordability, location, and growth potential make it a prime spot for property investment in Kent.

It is clearly proven in the above that Folkestone still represents fantastic growth potential. Matthew and myself would be honoured to show you around! Get in contact with us at: folkestone@match-estates.co.uk or call: 01303 475085 for details.