I think it depends on the area and it depends on what sort of deposit you have. I've had my two bedroom place two years now, and I think it was worth the 140k we paid for it, but if we were to rent it out the most I've seen a two bed advertised for is 650 per month I think, and that would not cover the mortgage.
I guess if you were on an interest only mortgage it would cover it, but including things like service charge and insurance, it's a close run thing.
If the point is to just get established, then you might not be worried about making the profit right now, but you don't want to be making a loss I suspect.
With other types of flats in other parts of town, I expect the figures stack up better, but I would be wary of any of the new flats that I think have been all bought by investors, you see the same flats advertised week after week in the paper, there's a lot of competition. Maybe a house, or a couple of studios would be better as buy to lets, I don't know.
The local paper is called The Folkestone Herald, they're not online but they're published by Kent Regional Newspapers1, email newsdesk.heraldexpress@kentregionalnewspapers.co.uk or phone 01303 850999 - that's the news desk, the only number I can find...
This is part of my site The 'Gerald that I set up in a fury of excitement when I first moved here in approximately '04. I'd been a frequent visitor for a while before that so I am technically one of those Down From Londons you get nowadays. The site was updated more frequently with a gig calendar and voting for favourite venues + things, + I know it was a useful reference for others who were thinking of moving to the area. Now I've moved out of Folkestone again (though only to Hythe) it doesn't get as much attention as it used to. Ironic really as Folkestone itself is now becoming the exciting place we knew it was just about to. My name is not Gerald BTW, this comes from a pretend paper in an episode of The Day Today or something, the Portsmouth Gerald, + how there is a local paper here called the Folkestone Herald. Puns like this are great aren't they? Do contact me if you have anything to offer, email anythign @ this domain, or try @folkestone or @pauly on the twitter.