3 Bed Terraced House, Single Let, Cranbrook, TN17 3HL, £250,000

3 St. Davids Bridge, Cranbrook, Kent, TN17 3HL - 9 months ago

Sold STC
BTL
~116 m²
+10 photos

ValuationUndervalued

Sold Prices£250K - £1.1M
Sold Prices/m²£2.8K/m² - £6.5K/m²

 

 

Square Metres

~116.36 m²
Price/m²£2.1K/m²

Value Estimate

£305,000
BMV22%

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£62,500

Stamp Duty & Legal Fees

£8,700

Total Cash In

£71,200

 

 

Cash Out

 

Rent Range

£100 - £3,250

Rent Estimate

£522

Running Costs/mo

£906

Cashflow/mo

£-384

Cashflow/yr

£-4,604

Gross Yield

3%

Local Sold Prices

33 sold prices from £250K to £1.1M, average is £415K. £2.8K/m² to £6.5K/m², average is £4.2K/m².

PriceDateDistanceAddressBeds 
£797K04/230.05 mi2, Russells Yard, Cranbrook, Kent TN17 3HD3
£435K12/200.21 miHerne House, Dorothy Avenue, Cranbrook, Kent TN17 3AN3
£325K11/210.24 mi5, Frythe Crescent, Cranbrook, Kent TN17 3BA3
£300K12/200.25 mi8, Rope Walk, Cranbrook, Kent TN17 3DZ3
£384K02/210.25 miBroad Cloth, High Street, Cranbrook, Kent TN17 3DR3
£384K02/210.25 miBroad Cloth, High Street, Cranbrook, Kent TN17 3DR3
£425K05/230.26 mi33, Oatfield Drive, Cranbrook, Kent TN17 3LA3
£430K06/230.26 mi59, Oatfield Drive, Cranbrook, Kent TN17 3LA3
£415K06/210.26 mi28, Oatfield Drive, Cranbrook, Kent TN17 3LA3
£325K12/200.26 miCopden, Oatfield Drive, Cranbrook, Kent TN17 3LA3
£315K05/210.28 mi4, Norman Rise, Cranbrook, Kent TN17 3BY3
£299.9K07/210.28 mi2, Frythe Walk, Cranbrook, Kent TN17 3BD3
£330K06/210.28 mi5, Frythe Walk, Cranbrook, Kent TN17 3BD3
£388.5K02/210.32 miFig Tree Cottage, High Street, Cranbrook, Kent TN17 3EN3
£315K03/210.33 mi44, Turner Avenue, Cranbrook, Kent TN17 3BX3
£365K12/200.37 mi5, Wheatfield Lea, Cranbrook, Kent TN17 3ND3
£435K01/240.37 mi10, Wheatfield Lea, Cranbrook, Kent TN17 3ND3
£415K11/230.38 mi62, Wheatfield Way, Cranbrook, Kent TN17 3NE3
£446.3K03/230.38 mi9, Oatfield Drive, Cranbrook, Kent TN17 3NJ3
£970K12/220.38 miDearn Villa, High Street, Cranbrook, Kent TN17 3DT3
£355K12/230.41 mi69, Wheatfield Way, Cranbrook, Kent TN17 3NB3
£395K12/200.46 mi21, Wheatfield Way, Cranbrook, Kent TN17 3LX3
£1.1M11/220.52 miThe Round House, Angley Park, Angley Road, Cranbrook, Kent TN17 2PN3
£661K02/210.54 miWood Way, New Road, Cranbrook, Kent TN17 3LE3
£420K10/230.54 miIngoldsby, New Road, Cranbrook, Kent TN17 3LE3
£250K10/200.57 mi4b, Goddards Close, Cranbrook, Kent TN17 3LJ3
£645K02/230.6 miThe Long House, Angley Park, Angley Road, Cranbrook, Kent TN17 2PN3
£682K10/220.61 miFarm Corner, Angley Park, Angley Road, Cranbrook, Kent TN17 2PN3
£745K11/220.61 miHunters House, Angley Road, Cranbrook, Kent TN17 2LE3
£390K10/200.61 mi5, Greenway, Cranbrook, Kent TN17 3LL3
£355K02/210.61 mi3, Greenway, Cranbrook, Kent TN17 3LL3
£475K09/210.62 mi7, Angley Road, Cranbrook, Kent TN17 3LR3
£520K09/220.62 miWestlands, Angley Road, Cranbrook, Kent TN17 3LR3

Local Rents

28 rents from £100/mo to £3.3K/mo, average is £1.5K/mo.

RentDateDistanceAddressBeds 
£1,25009/240.03 miWaterloo Road, Cranbrook, Kent, TN173
£80009/240.07 miCranbrook1
£1,07509/240.13 miCrane Lane, Cranbrook, Kent, TN172
£1,50008/240.13 mi-4
£1,30002/230.13 mi-4
£1,65010/230.13 mi-4
£1,20009/240.23 miLyndhurst Cottages, High Street, Cranbrook2
£1,50009/240.23 mi-4
£1,35009/240.24 miRope Walk, Cranbrook3
£1,80007/240.27 mi-4
£1,65009/240.27 mi-3
£1,65012/240.27 mi-3
£10009/240.28 miCauston Road, Cranbrook1
£1,40009/240.28 miOatfield Drive, Cranbrook2
£2,75010/240.34 mi-4
£2,20009/240.37 miJoyce Close, Cranbrook4
£2,40005/240.38 mi-4
£1,95009/240.45 miWaterloo Road, Cranbrook, TN17 2EU2
£1,70009/240.45 miWheatfield Drive, Cranbrook, Kent, TN17 3LU3
£77512/240.5 mi-1
£80012/240.5 mi-1
£80012/240.5 mi-1
£3,25012/231.13 mi-3
£2,30009/241.16 miNewly Built Home on Outskirts of Cranbrook4
£1,50001/251.28 mi-3
£1,30010/241.35 mi-3
£1,30004/231.35 mi-3
£1,70006/241.46 mi-3

Local Area Statistics

Population in TN17

14,414

Population in Cranbrook

21,031

Nearest school

0.10 miles away

Nearest train station

6.21 miles away

 

 

Rental growth (12m)

+27%

Sales demand

Buyer's market

Capital growth (5yrs)

+5%

Property History

Listed for £250,000

June 4, 2024

Floor Plans

Description

Description

Nestled within the charming and historic Town of Cranbrook, this captivating Grade II listed mid-terraced cottage offers three bedrooms and beckons for a rejuvenating touch throughout. Situated just a brief stroll away from the vibrant town centre, it provides convenient access to all local amenities.

Previously encountering a ground-floor flood incident stemming from external drainage adjustments by Tunbridge Wells Borough Council, the property has since undergone necessary repairs. The issue, attributed to a misconnection in the drainage system, has been effectively resolved, ensuring a secure and dry environment. Following the incident, NFU Tenterden managed the insurance claim process, which required probate proceedings due to unfortunate circumstances. Comprehensive measures were taken, including the installation of dehumidifiers and a thorough electrical inspection, to restore the property's integrity. Presently, the executors have transitioned to a new insurance provider, primarily driven by competitive pricing factors. Assurance is provided that obtaining insurance coverage posed no challenges, as accountability for the flood incident rested with Tunbridge Wells Borough Council.

Situation

Set in a convenient location just off Cranbrook High Street. Being just a couple of minutes' walk from the centre of the town within easy access of the comprehensive range of facilities; including primary school, nurseries, pubs, cafes, restaurants, shops, dentists, banks, doctors, a local leisure centre, and the towns noted landmark, the Union Windmill. Set withing 6 miles of the mainline station at Staplehurst with frequent services to London and Ashford International. Easy reach of areas of outstanding beauty with local attractions including several vineyards, Castles and Bedgebury Pinetum. Location within the favoured C.S.C.A.

Directions

From the centre of Cranbrook proceed down the High Street, into Stone Street, and take the first right onto The Hill. The property will then be found on the left hand side, identified by our for sale board.

Accommodation

Ground floor

Enter through the half-glazed wooden door, into the lobby area, with door into:-

Living room:- boasts a striking large Inglenook fireplace, complete with a cast iron canopy and brick hearth, adding a touch of classic charm. With a secondary glazed window to the front, the room features a beamed ceiling and wall light points, creating a warm and inviting atmosphere. A corner shelf with a cupboard below discreetly houses the electric meter and fusebox, a glass-panelled door leads into:-.

Inner lobby/hallway:- with exposed timbers and wall lights, offering coat hanging space and an alarm display monitor. A cupboard conveniently houses the gas meter, with doors leading off into the shower room, the kitchen, and with stairs rising to the first floor.

Shower room:- with a white suite comprising a low-level WC and wash basin set within a vanity unit with tiled surround. A mirror and light above the basin provide functionality, while a walk-in shower cubicle with a glass screen offers convenience. Additional features include an extractor fan and a heated towel rail.

Kitchen Space:- A single glazed window to the rear floods the space with natural light. Basic wall cupboards offer storage options, with space and plumbing available for a sink and washing machine. Radiator ensures comfort, and floor-standing Ideal gas-fired boiler (not tested).

Timber Lean to: A part-glazed door leads into the timber lean-to, though currently not in optimal condition, it presents potential with windows to the side and rear, a water tap, and access to the rear garden.

First Floor

Landing:- A cozy landing area with a charming beamed ceiling, featuring doors leading to the bedrooms and an additional door providing access to a walk-in wardrobe, which is also accessible from the rear bedroom. There's also a staircase ascending up to the second floor.

Front Bedroom:- This room offers ample space for a double bed and boasts a secondary double glazed window overlooking the front. Exposed beams and timbers add character, complemented by a pretty cast iron fireplace. Practical features include a sink set within a vanity unit and a built-in airing/storage cupboard housing the immersion heater/water tank.

Rear Bedroom:- Another double bedroom featuring exposed beams and timbers, with a single glazed window providing views to the rear. It includes a convenient wash hand basin set in a vanity unit and grants access to a generously sized walk-in wardrobe.

Second Floor

Bedroom:- A spacious double bedroom with charming exposed beams and timbers, offering two eaves storage areas for added convenience. The room features a mansard ceiling and showcases an exposed brick chimney breast with a fireplace feature, adding to its rustic appeal. Additionally, there's a walk-in wardrobe cupboard for storage, and a secondary glazed window overlooks the front of the property.

Externally

Front:- Welcoming you to the property is a charming picket fence accompanied by a gate and two steps leading down to the pathway, guiding you to the front door. The pathway is adorned with a small tiled porch, featuring a wooden half-glazed door, adding to the property's inviting ambiance. Adjacent to the pathway is a raised brick area housing a small lawn and mature planting, enhancing the aesthetic appeal. The exterior of the property boasts a distinctive half weatherboarded and tiled finish. Conveniently, there is a town car park located directly opposite the property, providing free parking for residents.

Rear:- At the rear of the property, you'll find steps leading up to a well-designed courtyard, offering a stylish and enclosed paved garden area. The boundaries are adorned with mature planting, providing both privacy and visual interest. Additionally, there is a timber summerhouse, perfect for relaxation or storage purposes. Completing the rear space is a useful private pedestrian gate, offering convenient access to the surrounding area.

Agents Note: - Tunbridge Wells Borough Council Tax Band D. In line with money laundering regulations (5th directive) all purchasers will be required to allow us to verify their identity and their financial situation in order to proceed.

Council Tax Band: D
Tenure: Freehold

Agent Details

LeGrys Independent Estate Agents, Cranbrook

01580 712500

Next Steps?

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