Bosses behind Kent’s priciest development insist sales are “on track” as a huge decision on the project's next phase is set to be made tonight. The prestigious Shoreline Crescent located right on Folkestone beach is the first stage of a wider multi-million-pound masterplan for up to 1,000 seaside homes from philanthropist Sir Roger De Haan. Shoreline is made up of 64 apartments and 20 townhouses, with prices ranging from £395,000 to £2.
1 million - and questions have repeatedly been raised over their affordability. When asked by KentOnline this week how many of the homes have sold, Sir Roger’s Folkestone Harbour and Seafront Development Company (FHSDC) refused to provide a figure. In September, we revealed sales had been agreed for 15 out of 84 units.
As an incentive to attract more buyers, the company is now offering to pay 2% of the purchase price towards stamp duty. It means, for example, that someone buying one of the £1.9 million beach houses would be able to save almost £39,000.
However, this would still leave them with a stamp duty bill of £105,000. An FHSDC spokesperson said: “We can confirm that we are currently running a sales promotion that offers, for a limited period, a 2% discount on all properties towards the cost of stamp duty for anyone buying a home at Shoreline. “In terms of sales, we are on track with our expectations and see continued healthy interest across the board from a range of buyers, both from within the local community and new inw.