5 Bed Detached House, Refurb/BRRR, Tonbridge, TN12 9SB, £995,000

Collier Street, Tonbridge, TN12 9SB - 1 views - 5 months ago

Refurb/BRRR
~178 m²
+13 photos

ValuationOvervalued











Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£248,750

Stamp Duty & Legal Fees

£85,450

Refurb Costs

£86,902

Bridging Loan Interest

£26,119

Total Cash In

£448,971

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£804,375

Mortgage (After Refinance)

£603,281

Mortgage LTV

75%

Cash Left In

£448,971

Equity

£201,094

Rent Range

£1,100 - £2,250

Rent Estimate

£1,732

Running Costs/mo

£2,880

Cashflow/mo

£-1,148

Cashflow/yr

£-13,777

Gross Yield

2%













Local Rents

15 rents from £1.1K/mo to £2.3K/mo, average is £1.9K/mo.

RentDateDistanceAddressBeds 
£1,35009/240.06 miCollier Street, Tonbridge, TN122
£1,30009/240.64 miMarden3
£1,95009/241.38 mi-3
£1,95009/241.38 miOld Hay, Tonbridge, TN123
£2,25005/241.41 miCollier Street, Yalding, Maidstone, Kent, ME184
£1,99510/241.47 mi-4
£1,10009/241.64 miBallard Close Marden TN121
£2,04502/241.91 mi-3
£1,40002/242.04 mi-2
£1,20001/252.09 mi-1
£1,60001/252.09 mi-1
£2,15009/242.44 miBlackthorn Way, Paddock Wood3
£1,89509/242.45 mi-3
£1,89509/242.45 miHazel Close, Paddock Wood, TN123
£1,50003/242.46 mi-2

Local Area Statistics

Population in TN12

29,476

Population in Tonbridge

77,562

Town centre distance

7.94 miles away

Nearest school

0.50 miles away

Nearest train station

1.69 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+23%

Sales demand

Buyer's market

Property History

Price changed to £995,000

December 4, 2024

Listed for £1,100,000

August 14, 2024

Description

  • Detached Family Home +
  • Semi-Rural Setting +
  • In Need of Modernisation +
  • Separate Two Bedroom Bungalow +
  • Five Bedrooms +
  • Dressing Room +
  • Three Bath/Shower Rooms +
  • Kitchen +
  • Sitting Room +
  • Dining Room +

In a tucked away position in the charming village of Collier Street and surrounded by historic Kentish farmland in the Garden of England, a handsome, detached former granary with a separate two bedroom modernised bungalow. Over the centuries the house has been extended and rearranged, converted from a granary in the late sixties gradually evolving into a spacious house, now in need of modernisation.
Room sizes are generous with numerous original features such as an inglenook fireplace, beams and stone floor in the kitchen. The hallway on the ground floor leads to a galley kitchen with a range of wall and base units, utility room and cloakroom as well as a vestibule leading to the dual aspect dining room. A large 19ft sitting room with inglenook fireplace, snug with wood burning stove, office and shower room complete the ground floor.
On the first floor, there are five bedrooms, the principle bedroom has a dressing room and ensuite bathroom. There is also a family bathroom completing this floor.
There is a separate two bedroom bungalow that has been modernised, with a fitted modern kitchen and shower room which has the possibility of generating an income.

Outside

The property is set back from the road via a tarmac driveway with ample parking, a detached double garage and a further outbuilding. The gardens surround the house measuring approximately 0.63 of an acre, with areas of lawn bordered by fruit trees and planting, with seating areas. The gardens are surrounded by beautiful Kentish countryside offering far reaching views.

Situation

Chequer Tree Granary is situated in a charming village populated with many period homes and barn/oast conversions. The centre of Paddock Wood is about 5.3 miles with its main line station servicing fast trains to London (from 41 minutes to London Bridge) and the Kent ports, as well as a large Waitrose supermarket and local stores. The larger towns of Tonbridge and Royal Tunbridge Wells (11 and 11.3 miles respectively) have a full complement of nationally known stores, eclectic boutiques and antique shops as well as a large variety of cafes, bars and restaurants. Schooling in the area is exceptional at both primary and secondary levels in the state and private sectors and includes public schools in Sevenoaks and Tonbridge; boys and girls grammar schools in Tonbridge, Tunbridge Wells and Maidstone; local primary schools; preparatory schools such as the Schools at Somerhill, Hilden Grange, Holmewood House and Sevenoaks Prep, New Beacon and Solefields in Sevenoaks.

Additional Information

Tenure: Freehold
Services: Oil fired central heating, Mains electricity and water, Private drainage.
Local Authority: Maidstone District Council. Council Tax Band G, Annexe Band A

Agent Details

Hamptons, Sevenoaks

01732 904106

Next Steps?

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