3 Bed Detached House, Refurb/BRRR, Tonbridge, TN12 7AE, £1,000,000

POTENTIAL DEVELOPMENT OPPORTUNITY - The Spinney, Hatmill Lane, Brenchley, Kent, TN12 7AE - 1 views - a year ago

Sold STC
Refurb/BRRR
~117 m²
+13 photos

ValuationOvervalued











Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£250,000

Stamp Duty & Legal Fees

£72,450

Refurb Costs

£56,967

Bridging Loan Interest

£26,250

Total Cash In

£407,417

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£905,000

Mortgage (After Refinance)

£678,750

Mortgage LTV

75%

Cash Left In

£407,417

Equity

£226,250

Rent Range

£825 - £4,690

Rent Estimate

£2,017

Running Costs/mo

£3,252

Cashflow/mo

£-1,235

Cashflow/yr

£-14,814

Gross Yield

2%













Local Rents

32 rents from £825/mo to £4.7K/mo, average is £1.9K/mo.

RentDateDistanceAddressBeds 
£2,50012/240.93 mi-3
£4,50009/240.95 miCryals Road, Matfield7
£2,20009/240.99 miHomebush Green, Matfield3
£2,59509/241.08 miThe Green Matfield TN124
£2,49509/241.08 miThe Green Matfield TN123
£2,97509/241.3 miWatermans Lane, Brenchley3
£1,75012/241.43 mi-3
£1,89511/241.46 mi-3
£82509/241.62 miThe Heath, Horsmonden1
£1,20001/251.63 mi-1
£1,60001/251.63 mi-1
£4,69003/241.72 mi-5
£1,25012/241.81 mi-2
£2,00009/241.83 mi-3
£2,00009/241.83 miUtah Road, Paddock Wood, Tonbridge, TN123
£2,00009/241.83 miUtah Road, Paddock Wood, Tonbridge, TN123
£2,00002/241.83 mi-3
£95002/241.84 mi-1
£1,79509/241.98 miOlivers Court, Horsmonden, TN12 8BZ2
£1,30009/242.16 miMaidstone Road, Paddock Wood, TN12 6EB2
£1,29509/242.24 miMaidstone Road, Paddock Wood, Tonbridge1
£1,89509/242.28 miHazel Close, Paddock Wood, TN123
£1,89509/242.28 mi-3
£2,15009/242.34 miBlackthorn Way, Paddock Wood3
£1,55009/242.36 miOld Kent Road, Paddock Wood, Tonbridge3
£1,59512/242.4 mi-3
£1,95009/242.41 miOld Hay, Tonbridge, TN123
£1,95009/242.41 mi-3
£1,35012/242.42 mi-1
£1,45009/242.43 mi-2
£1,25009/242.46 miThe Ridings Paddock Wood TN122
£1,65009/242.47 miAlders Road, Capel4

Local Area Statistics

Population in TN12

29,476

Population in Tonbridge

77,562

Town centre distance

6.36 miles away

Nearest school

0.50 miles away

Nearest train station

2.56 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+23%

Sales demand

Buyer's market

Property History

Listed for £1,000,000

February 1, 2024

Floor Plans

Description

  • One Plot Totalling Approx 2 Acres (TBV) +
  • Detached Family Home +
  • Potential Development / Extension opportunity Subject to Planning +
  • Sought After Location +
  • Private Driveways +
  • Detached Garage +
  • Extensive Gardens & Woodland +
  • Close To Transport Links & Road Networks A21 +
  • Viewing Highly Recommended +
  • NO ONWARD CHAIN +

Unique opportunity to purchase a wonderful property in an enviable rural position near the popular village of Brenchley. Hatmill Lane is a sought-after tranquil country lane on the fringes of Brenchley village. Situated between Brenchley and Horsmonden (approximately one mile from each), the property offers an idyllic setting surrounded by beautiful countryside in the High Weald Area of Outstanding Natural Beauty.

This particular property K227107 - The Spinney approx. 2 acres (TBV) and could offer the potential to extend & build subject to necessary planning consents and permissions. The Spinney is a detached family home in need of modernisation comprising entrance hall, two reception rooms, kitchen / breakfast room & utility room. To the first floor family bathroom and three bedrooms. externally there is a large detached double garage and extensive gardens & woodland.

The village offers, doctors' surgery and dispensary, along with a fine church, primary school, pub and a village club. For more comprehensive shopping, Paddock Wood has a Waitrose supermarket conveniently located near the mainline station and several other shops, whilst Tunbridge Wells offers a wide choice of amenities including two theatres, a multiplex cinema, health clubs, restaurants, cafes, bars and hotels.

There are many highly regarded schools in the area, both state and private. An excellent primary school, Brenchley and Matfiled Primary, is a few minutes up the road. There are many highly regarded state and private schools in Tonbridge and Tunbridge Wells and the surrounding area. Secondary options also include several highly sought-after grammar schools, including Tunbridge Wells Girls Grammar School, Tunbridge Wells Boys Grammar, Tonbridge Grammar School for Girls, Tonbridge School, Weald of Kent Grammar, Judd and SkinnersPaddock Wood station has mainline services to London Charing Cross (via London Bridge and Waterloo East) and to London Cannon Street, services from 52 minutes.About four miles away is the A21 dual-carriageway which links directly to the M25 London orbital motorway and thereby a national motorway network, Gatwick and Heathrow airports.

Agent Details

Bracketts Chartered Surveyors, Tonbridge

01732 350503

Next Steps?

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