3 Bed Semi-Detached House, Refurb/BRRR, Tonbridge, TN11 9HB, £425,000

12 Wealden Close, Hildenborough, Kent, TN11 9HB - 2 views - 6 months ago

Sold STC
Refurb/BRRR
Planning
~83 m²
+3 photos

ValuationOvervalued











Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£106,250

Stamp Duty & Legal Fees

£22,700

Refurb Costs

£40,733

Bridging Loan Interest

£11,156

Total Cash In

£182,590

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£450,000

Mortgage (After Refinance)

£337,500

Mortgage LTV

75%

Cash Released

£18,750

Cash Left In

£163,840

Equity

£112,500

Rent Range

£595 - £2,850

Rent Estimate

£1,415

Running Costs/mo

£1,710

Cashflow/mo

£-295

Cashflow/yr

£-3,540

Gross Yield

4%













Local Rents

53 rents from £595/mo to £2.9K/mo, average is £1.4K/mo.

RentDateDistanceAddressBeds 
£2,30009/240.15 miFellowes Way, Hildenborough, TN114
£1,35011/230.6 mi-1
£1,25009/240.65 miColdharbour Lane, Tonbridge2
£1,59512/240.66 mi-2
£87509/240.69 miLondon Road, Tonbridge TN10 3AJ1
£87209/240.75 miRiding Lane, Hildenborough, Tonbridge, TN11 9HZ2
£63009/240.94 miFrome Court, Longmead Way, Tonbridge, TN10 3TS2
£59509/240.94 miFrome Court, Longmead Way, Tonbridge, TN10 3TS2
£1,65009/240.99 miAudley Rise, Tonbridge, TN93
£1,60012/240.99 mi-3
£1,90009/240.99 mi-3
£1,70011/241.12 mi-3
£92006/231.13 mi-1
£92009/241.13 mi-1
£1,60009/241.13 miShipbourne Road, Tonbridge2
£1,80009/241.14 miShipbourne Road3
£1,20007/241.14 mi-1
£1,73211/241.19 mi-3
£1,40009/241.2 miFosse Road, Tonbridge2
£1,32502/241.2 mi-2
£1,45009/241.2 mi-2
£1,36009/241.21 mi-2
£1,36009/241.21 mi-2
£1,41009/241.21 mi-2
£1,41009/241.21 mi-2
£1,45009/241.21 mi-2
£1,40011/241.21 mi-2
£1,40011/241.21 mi-2
£1,44501/251.21 mi-2
£1,65009/241.25 miBailey House, 25 The Slade, Tonbridge, Kent, TN92
£1,00009/241.26 mi-2
£2,25009/241.26 miCedar Crescent, Tonbridge4
£1,35001/251.27 mi-2
£1,50009/241.29 miExchange Court Tonbridge TN92
£1,20010/241.29 mi-1
£1,30008/241.29 mi-2
£1,10009/241.31 miHigh Street , Tonbridge, TN9 1BX1
£2,85009/241.33 miKeswick Close, Tonbridge4
£1,03010/241.33 mi-1
£1,03009/241.33 miChurch Lane, Tonbridge, TN91
£99009/241.34 mi-1
£99009/241.34 mi-1
£99009/241.34 mi-1
£99010/241.34 mi-1
£1,02011/241.34 mi-1
£1,35012/241.34 mi-2
£99511/241.34 mi-1
£2,25007/241.4 mi-4
£1,35009/241.4 miEast Street, Tonbridge2
£1,90008/241.4 mi-3
£2,00009/241.42 miChichester Road Tonbridge TN94
£2,20009/241.42 miRowan Shaw, Tonbridge, Kent, TN104
£1,40007/231.42 mi-2

Local Area Statistics

Population in TN11

13,928

Population in Tonbridge

77,562

Town centre distance

1.18 miles away

Nearest school

0.20 miles away

Nearest train station

1.10 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

-6%

Sales demand

Buyer's market

Capital growth (5yrs)

+14%

Property History

Listed for £425,000

July 24, 2024

Floor Plans

Description

  • Gough Cooper Semi-Detached Family Home +
  • Requiring Complete Refurbishment +
  • Residential Cul-De-Sac Walkable to Stocks Green Primary School +
  • Three Bedrooms +
  • Sitting Room +
  • Kitchen +
  • Family Bathroom +
  • Front & Rear Gardens +
  • Driveway +

An excellent opportunity to make your mark or get on the property ladder with this three bedroom Gough Cooper semi-detached house. Having been in the same family ownership for many years, the property now requires complete renovation throughout offering a blank canvas for you to create your dream home. Additionally, there is potential to extend, subject to planning permission, allowing you to further enhance the property.

Accommodation - •Entrance hallway with stairs rising to the first floor, understairs cupboard and doors to kitchen and sitting room.

•Sitting room with double glazed window to front, central fireplace, fitted bookcase to recess and door through to:-

•Separate dining room with double glazed patio doors to the rear garden and door to kitchen.

•Kitchen having window to side and door to rear garden, sink unit and space for appliances.

•First floor landing with access to loft via hatch.

•Three first floor bedrooms, main bedroom with aspect to front, second with aspect to rear and cupboard housing lagged hot water cylinder with immersion heater. Third also with aspect to front with stair recess.

•Bathroom fitted with a panelled bath with tiled splashback and electric shower over and pedestal sink. Separate toilet.

•Front garden laid to lawn with mature trees and shrub borders and driveway with path and steps to the front door. Wooden gates give access to the side and garage.

•Single concrete garage, sited at the rear of the property.

•Rear garden comprising paved terrace and bamboo, fish pond, area of lawn with mature shrub/tree and fenced boundaries.

•Services & Points of Note: All mains services. No current working heating.

•Council Tax Band: E – Tonbridge & Malling Borough Council

•EPC: F

Situation - Situated in a residential cul-de-sac, a short walk from the nearby Stocks Green Primary School via a footpath. The popular village of Hildenborough offers One Stop shop/post office, chemist, hairdresser, Ridings café, medical centre, village halls, church, public house, library, weekly farmers’ market and mainline station offering services to London Charing Cross (via Waterloo East) and Cannon Street. Well regarded schools include Stocks Green and Hildenborough primary schools, secondary and grammar schools in Tonbridge, Sevenoaks and Tunbridge Wells including Judd and The Skinners School, together with Sackville in Hildenborough. The A21 by-pass links to the M25 motorway network to London, the south coast, major airports, the Channel Tunnel and Bluewater shopping centre while the nearby town Tonbridge offers comprehensive shopping and recreational facilities and a Main Line Station. Leisure facilities include Nizels Golf and Country Club, Hilden Golf Driving range with gym, cricket at The Vine in Sevenoaks and Sevenoaks Rugby Club.

Agent Details

James Millard Estate Agents, Hildenborough

01732 444776

Next Steps?

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