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 Newspapers, 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 built in a fever of enthusiasm when I first came to Folkestone sometime in '04. I'd been a frequent visitor for a few years previous to that but I am technically one of those Down From Londons you get now. The site was updated more frequently with a gig calendar and voting for favourite venues and things, and I know it was a handy resource for others who were thinking of moving to the area. Now I've moved out of Folkestone again (though only a couple of miles) it doesn't get as much love as it used to. Ironic really as The town is now becoming the exciting place we always thought it was just about to. I am not Gerald BTW, this comes from a pretend paper in an episode of Brasseye or something, the Portsmouth Gerald, and how there is a local newspaper here called the Folkestone Herald. Puns like this are GRATE aren't they? Do contact me if you have anything to offer, email anythign @ this domain, or try @folkestone or @pauly on the twitter.