3 Bed Semi-Detached House, Refurb/BRRR, Tonbridge, TN9 2QP, £400,000

50 Molescroft Way, Tonbridge, Kent, TN9 2QP - 5 views - 7 months ago

Sold STC
Refurb/BRRR
~103 m²
+10 photos

ValuationUndervalued

Sold Prices£238.5K - £600K
Sold Prices/m²£2.1K/m² - £6.8K/m²

 

 

Square Metres

~102.70 m²
Price/m²£3.9K/m²

Value Estimate

£412,000
BMV3%

 

 

End Value (After Refurb)

£528,456

Uplift in Value

+32%

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£100,000

Stamp Duty & Legal Fees

£20,700

Refurb Costs

£50,462

Bridging Loan Interest

£10,500

Total Cash In

£183,412

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Estimated Sale Price

£528,456

Agent Fees (1%)

£5,285

Bridging Loan

£300,000

Bridging Loan Interest

£10,500

Flip Profit

£39,759

Local Sold Prices

50 sold prices from £238.5K to £600K, average is £430K. £2.1K/m² to £6.8K/m², average is £5K/m².

PriceDateDistanceAddressBeds 
£398K11/200.04 mi16, Welton Close, Tonbridge, Kent TN9 2QX3
£420K03/210.04 mi13, Welton Close, Tonbridge, Kent TN9 2QX3
£491K11/220.04 mi13, Molescroft Way, Tonbridge, Kent TN9 2QW3
£460K01/230.05 mi41, Molescroft Way, Tonbridge, Kent TN9 2QR3
£400K03/230.05 mi27, Molescroft Way, Tonbridge, Kent TN9 2QR3
£375K10/200.07 mi57, Molescroft Way, Tonbridge, Kent TN9 2QS3
£430K11/230.07 mi57, Molescroft Way, Tonbridge, Kent TN9 2QS3
£430K03/230.09 mi1, Molescroft Way, Tonbridge, Kent TN9 2QN3
£345K02/210.09 mi14, Molescroft Way, Tonbridge, Kent TN9 2QN3
£390K04/210.1 mi8, Milton Gardens, Tonbridge, Kent TN9 2QB3
£350K07/210.1 mi7, Driffield Gardens, Tonbridge, Kent TN9 2RE3
£475K05/230.1 mi9, Driffield Gardens, Tonbridge, Kent TN9 2RE3
£395K10/200.1 mi1, Driffield Gardens, Tonbridge, Kent TN9 2RE3
£395.3K06/210.13 mi3, Keyes Gardens, Tonbridge, Kent TN9 2QD3
£380K01/210.18 mi16, Masefield Way, Tonbridge, Kent TN9 2PU3
£285K09/230.22 mi33, Shakespeare Road, Tonbridge, Kent TN9 2QF3
£410K03/210.25 mi15, Burns Crescent, Tonbridge, Kent TN9 2PT3
£455K12/200.27 mi20, Brindles Field, Tonbridge, Kent TN9 2YS3
£450K11/200.27 mi51, Brindles Field, Tonbridge, Kent TN9 2YR3
£475K10/200.3 mi8, Shakespeare Road, Tonbridge, Kent TN9 2QH3
£480K10/220.46 mi12, Dame Kelly Holmes Way, Tonbridge, Kent TN9 2FB3
£600K12/200.47 mi22, Copper Beech View, Tonbridge, Kent TN9 2HF3
£450K05/230.49 mi11, Amberley Close, Tonbridge, Kent TN9 2UH3
£445K11/220.5 mi13, Amberley Close, Tonbridge, Kent TN9 2UH3
£350K10/200.51 mi91, Douglas Road, Tonbridge, Kent TN9 2UD3
£355K06/210.51 mi89, Douglas Road, Tonbridge, Kent TN9 2UD3
£412K09/210.53 mi14, Brickworks Close, Tonbridge, Kent TN9 2US3
£380K06/230.53 mi18, Baltic Road, Tonbridge, Kent TN9 2LX3
£315K06/210.55 mi69, Douglas Road, Tonbridge, Kent TN9 2UB3
£535K09/230.56 mi59, Chichester Road, Tonbridge, Kent TN9 2TJ3
£445K05/210.56 mi73, Chichester Road, Tonbridge, Kent TN9 2TJ3
£475K10/230.56 mi73, Chichester Road, Tonbridge, Kent TN9 2TJ3
£575K03/230.57 mi45, Mabledon Road, Tonbridge, Kent TN9 2TG3
£500K11/200.57 mi60, Mabledon Road, Tonbridge, Kent TN9 2TG3
£538K04/210.57 mi68, Mabledon Road, Tonbridge, Kent TN9 2TG3
£370K05/230.57 mi29, Woodside Road, Tonbridge, Kent TN9 2PD3
£238.5K09/230.57 mi43, Woodside Road, Tonbridge, Kent TN9 2PD3
£430K07/230.6 mi175, St Marys Road, Tonbridge, Kent TN9 2NN3
£456.5K12/220.61 mi60, Douglas Road, Tonbridge, Kent TN9 2TH3
£476K12/220.61 mi30, Chichester Road, Tonbridge, Kent TN9 2TL3
£540K06/210.61 mi93, Judd Road, Tonbridge, Kent TN9 2NJ3
£370K12/200.61 mi63a, Judd Road, Tonbridge, Kent TN9 2NJ3
£410K11/210.61 mi74, St Marys Road, Tonbridge, Kent TN9 2NL3
£485K05/230.61 mi72, St Marys Road, Tonbridge, Kent TN9 2NL3
£415K01/240.61 mi117, St Marys Road, Tonbridge, Kent TN9 2NL3
£315K08/210.62 mi3, The Birches, Tonbridge, Kent TN9 2UR3
£403.5K06/210.62 mi26, Chichester Road, Tonbridge, Kent TN9 2TL3
£511K11/200.63 mi33, Meadow Road, Tonbridge, Kent TN9 2SX3
£547K11/200.63 mi21, Meadow Road, Tonbridge, Kent TN9 2SX3
£520K06/210.63 mi1, Meadow Road, Tonbridge, Kent TN9 2SX3

Local Rents

23 rents from £1.4K/mo to £3K/mo, average is £1.8K/mo.

RentDateDistanceAddressBeds 
£1,90012/240.02 mi-3
£1,77509/240.07 miMolescroft way, Tonbridge3
£1,85009/240.49 mi-3
£2,20009/240.51 mi-3
£2,40011/240.51 mi-3
£2,40011/240.51 mi-3
£1,75010/240.65 mi-3
£3,00009/240.65 mi-3
£2,50009/240.65 mi-3
£1,50009/240.69 miWaterloo Place, Tonbridge, TN93
£1,50012/240.69 mi-3
£1,70009/240.69 miLionel Road, Tonbridge3
£1,90009/240.71 miSilver Close, Tonbridge, TN93
£1,87510/240.74 mi-3
£1,42507/230.79 mi-3
£1,65009/240.79 miAudley Rise, Tonbridge, TN93
£2,00009/240.82 mi-3
£1,80009/240.91 miPembury Road, TONBRIDGE3
£1,45009/240.91 mi-3
£1,85009/241.06 miPembury Grove3
£1,60009/241.06 mi-3
£1,50009/241.14 mi-3
£1,49509/241.24 mi-3

Local Area Statistics

Population in TN9

17,556

Population in Tonbridge

77,562

Town centre distance

1.40 miles away

Nearest school

0.20 miles away

Nearest train station

0.84 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+7%

Sales demand

Balanced market

Capital growth (5yrs)

+8%

Property History

Listed for £400,000

June 17, 2024

Floor Plans

Description

  • Three Bedroom Semi-Detached Family Home +
  • Driveway & Detached Garage +
  • Scope For Further Development STPP +
  • No Forward Chain +
  • Front and Rear Gardens +
  • EPC Rating D / Council Tax Band D - £2,249.48 P.A. +

Waghorn & Company are delighted to offer to the market this, 3 bedroom semi-detached family home, situated in a popular residential area in South Tonbridge which is conveniently located for the favoured local Schools, walking distance to Mainline Train Station, Haysden Country Park & High Street. The property is in need of modernisation and lends itself to further development STPP with the added benefits of driveway and detached garage and no forward chain. An internal viewing is highly recommended.

Agent Details

Waghorn & Company, Tonbridge

01732 440685

Next Steps?

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