Land for Sale in Kent - Folkestone
Approximately 40 acres of investment land for sale set in a beautiful rural location in the heart of the Kent countryside. The land is available as a whole or separated into 11 good sized lots that have superb potential for paddock conversion. The site incorporates mature woodland, adding charm and character to the land.
The site benefits from picturesque views and extensive road frontage with two excellent access points off Longage Hill.
The land lies on the edge of the idyllic village of Lyminge in the south-east of Kent, just 5 miles from Folkestone and the Channel Tunnel. Lyminge provides key services including shops, schools and a pub.The larger towns of Folkestone and Ashford are easily accessible within short travelling distances for local commuters.
The site is available freehold as a whole or in lots.
Walks & Equestrian
Lyminge Forest provides a number of walks, cycle routes and bridleways for the leisure enthusiast. The area provides idyllic views and peaceful surroundings away from the hustle of the major Kent towns.
There are a number of equestrian centres nearby to the site. The nearest is located in Densole, within 3 miles of Lyminge, homing a livery yard, indoor international sized arena and a riding school. The nearest bridleway can be found in North Lyminge.
Land Values
According to the latest RICS rural land market survey, land prices in the South East of England increased by 36% in the past year, where demand remains high. There has been no significant increase in supply and hence prices have continued to rise.
The Valuation Office Agency reports that there appears to be little indication that the direction of the market is likely to change.
Furthermore, if the economy does become more unsettled, agricultural land always has a substantial attraction to investors, resulting from its security as a capital asset. Its resistance to inflation and tangible nature should ensure land remains in strong demand.
Housing
House prices in the area have increased by 178% in the last year alone. The average house price is £522,500 which is 240% higher than the England and Wales average. These figures show a massive percentage increase despite the current property market situation.
The price of land and property has risen strongly in the area due to the development of the high speed rail and road links between Kent and London making it an ideal location for those commuting into the Capital. Kent is known as the ‘Garden of England’ due to its beautiful forest, hills, farmland and the Downs adding to its desirability.
Folkestone could potentially occupy a key strategic position in terms of a gateway to Europe due to the M20 motorway and the Channel Tunnel Rail Link. There are plans to open a high speed domestic service from Folkestone to London opening the town as a commuter centre in 2009.
Shepway District Council is currently facing problems with the lack of affordable housing in the area and in response aim to build 60 new affordable homes each year to help reduce the shortage in the district.
Land Details and Location
Land on Lyminge Hill,
Lyminge,
Folkestone,
Kent,
CT18 8HB
Register your Interest
For further information please contact the vendor on 0845 123 6426.