3 Bed Detached House, Refurb/BRRR, Tonbridge, TN12 9SL, £650,000

VALIANT HOUSE Hunton Road, Tonbridge, Kent, TN12 9SL - 5 months ago

Sold STC
Refurb/BRRR
164 m²
+25 photos

ValuationOvervalued

Sold Prices£230K - £900K
Sold Prices/m²£2.4K/m² - £8.7K/m²

 

 

Square Metres

164 m²
Price/m²£4K/m²

Value Estimate

£621,088

 

 

End Value (After Refurb)

£672,311

Uplift in Value

+3%

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£162,500

Stamp Duty & Legal Fees

£40,700

Refurb Costs

£79,940

Bridging Loan Interest

£17,063

Total Cash In

£301,953

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£672,311

Mortgage (After Refinance)

£504,233

Mortgage LTV

75%

Cash Released

£16,733

Cash Left In

£285,220

Equity

£168,078

Rent Range

£800 - £4,500

Rent Estimate

£1,514

Running Costs/mo

£2,424

Cashflow/mo

£-910

Cashflow/yr

£-10,917

Gross Yield

3%

Local Sold Prices

50 sold prices from £230K to £900K, average is £374K. £2.4K/m² to £8.7K/m², average is £4.6K/m².

PriceDateDistanceAddressBeds 
£750K02/210.97 miChain Dene, Tilden Lane, Marden, Tonbridge, Kent TN12 9AX3
£535K11/231.01 miThatched Cottage, East Street, Hunton, Maidstone, Kent ME15 0RB3
£425K09/211.18 mi6, Prospect Place, Collier Street, Tonbridge, Kent TN12 9RP3
£385.1K10/211.38 miAppletree Cottage, West Street, Hunton, Maidstone, Kent ME15 0RY3
£310K04/211.38 mi4, Bensted Close, Hunton, Maidstone, Kent ME15 0SD3
£900K10/231.49 miForsters Barn, Benover Road, Yalding, Maidstone, Kent ME18 6AX3
£572.5K11/211.56 miRose Cottage, West Street, Hunton, Maidstone, Kent ME15 0SA3
£612.5K06/231.77 miLughorse Cottage, Lughorse Lane, Hunton, Maidstone, Kent ME15 0QS3
£530K11/221.82 miStone Cottage, Linton Hill, Linton, Maidstone, Kent ME17 4AS3
£373K02/211.83 miPond Cottage, Maidstone Road, Marden, Tonbridge, Kent TN12 9AG3
£430K10/211.85 mi5, Meades Close, Marden, Tonbridge, Kent TN12 9QG3
£365K05/211.85 mi7, Meades Close, Marden, Tonbridge, Kent TN12 9QG3
£315K06/211.87 mi44, Sovereigns Way, Marden, Tonbridge, Kent TN12 9QF3
£630K10/201.89 miRose Cottage, Kings Lane, Marden, Tonbridge, Kent TN12 9PP3
£750K03/211.9 miPitts Farm House, Vanity Lane, Linton, Maidstone, Kent ME17 4BP3
£315K07/231.9 mi14, Lucks Way, Marden, Tonbridge, Kent TN12 9QW3
£345K03/241.91 mi9, Barrel Arch Close, Marden, Tonbridge, Kent TN12 9QQ3
£536K03/211.96 miWoodville, West End, Marden, Tonbridge, Kent TN12 9HY3
£557.5K03/211.96 miNorth View, West End, Marden, Tonbridge, Kent TN12 9HY3
£542K11/232.03 miHolly Cottage, Maidstone Road, Marden, Tonbridge, Kent TN12 9AG3
£490K07/232.03 miOak Cottage, Maidstone Road, Marden, Tonbridge, Kent TN12 9AG3
£310K10/232.07 mi54, Chantry Road, Marden, Tonbridge, Kent TN12 9HU3
£320K12/232.08 mi30, Amsbury Road, Coxheath, Maidstone, Kent ME17 4DW3
£320K03/212.08 mi28, Amsbury Road, Coxheath, Maidstone, Kent ME17 4DW3
£600K02/232.08 mi25, Amsbury Road, Coxheath, Maidstone, Kent ME17 4DP3
£395K02/212.08 mi1, Tippen Way, Marden, Tonbridge, Kent TN12 9FB3
£355K05/212.1 mi11, Merchant Place, Marden, Tonbridge, Kent TN12 9TT3
£230K06/212.11 mi51, The Cockpit, Marden, Tonbridge, Kent TN12 9TQ3
£290K05/212.13 mi18, Pippin Close, Coxheath, Maidstone, Kent ME17 4DS3
£375K01/242.13 mi9, Pippin Close, Coxheath, Maidstone, Kent ME17 4DS3
£375K12/202.14 mi8, Amsbury Road, Coxheath, Maidstone, Kent ME17 4DN3
£300K06/212.16 mi8, Dane Court, Coxheath, Maidstone, Kent ME17 4HJ3
£375K01/232.16 mi13, Dane Court, Coxheath, Maidstone, Kent ME17 4HJ3
£410K11/212.2 mi3, Napoleon Drive, Marden, Tonbridge, Kent TN12 9TR3
£350K06/232.21 miCarrera, Howland Road, Marden, Tonbridge, Kent TN12 9EX3
£290K03/232.22 mi35, Huntington Road, Coxheath, Maidstone, Kent ME17 4DU3
£375K02/212.22 miGlenfars, Huntington Road, Coxheath, Maidstone, Kent ME17 4DU3
£280K05/212.23 mi48, Clock House Rise, Coxheath, Maidstone, Kent ME17 4GS3
£277.5K12/202.23 mi84, Clock House Rise, Coxheath, Maidstone, Kent ME17 4GS3
£350K01/232.25 mi46, Whitebeam Drive, Coxheath, Maidstone, Kent ME17 4QY3
£466K06/212.26 miPastures End, Howland Road, Marden, Tonbridge, Kent TN12 9EP3
£335K07/232.27 mi2, Huntington Road, Coxheath, Maidstone, Kent ME17 4EA3
£275K04/212.29 mi11, Woodlands, Coxheath, Maidstone, Kent ME17 4EE3
£260K04/212.29 mi15, Woodlands, Coxheath, Maidstone, Kent ME17 4EE3
£270.5K04/212.29 mi3, Woodlands, Coxheath, Maidstone, Kent ME17 4EE3
£258K06/212.3 mi147, Heath Road, Coxheath, Maidstone, Kent ME17 4PE3
£375K11/222.31 mi4, Woodlands, Coxheath, Maidstone, Kent ME17 4EE3
£410K10/232.32 miThe Poplars, Staplehurst Road, Marden, Tonbridge, Kent TN12 9BS3
£336K11/212.33 mi12, Adam Close, Coxheath, Maidstone, Kent ME17 4QU3
£370K08/232.33 mi4, Adam Close, Coxheath, Maidstone, Kent ME17 4QU3

Local Rents

17 rents from £800/mo to £4.5K/mo, average is £1.3K/mo.

RentDateDistanceAddressBeds 
£87506/240.98 miEast Street, Maidstone, ME151
£87506/240.98 mi-1
£2,10005/241.04 miRedwall Lane, Linton3
£1,35009/241.72 miCollier Street, Tonbridge, TN122
£2,25005/241.78 miCollier Street, Yalding, Maidstone, Kent, ME184
£1,10009/242.01 miBallard Close Marden TN121
£80012/242.03 mi-2
£2,10009/242.05 miBattle Lane, Marden, Kent, TN12 9AJ4
£1,99510/242.17 mi-4
£4,50012/242.21 mi-5
£2,04502/242.25 mi-3
£1,25012/232.25 mi-2
£1,25011/242.25 mi-2
£1,30009/242.28 miMarden3
£1,30001/252.29 mi-2
£1,10012/242.31 miHeath Road, Coxheath, Maidstone2
£1,50005/242.35 miVicarage Road Yalding ME182

Local Area Statistics

Population in TN12

29,476

Population in Tonbridge

77,562

Town centre distance

8.75 miles away

Nearest school

1.30 miles away

Nearest train station

1.96 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+23%

Sales demand

Buyer's market

Property History

Listed for £650,000

August 27, 2024

Sold for £521,250

2014

Floor Plans

Description

  • Former Detached School +
  • Three Bedrooms +
  • Family Bathroom +
  • Stunnning Openplan Living / Family Room +
  • Kitchen / Dining Room +
  • Utility Room & Conservatory +
  • Scope For Further Expansion STPP +
  • In & Out Drive and Car Port +
  • Wonderful Gardens & Semi Rural Position +

Guide Price £650,000 - £700,000

A superb opportunity to purchase a detached former school house. The property is in need of some modernisation in places but is generally well presented throughout with well appointed accommodation that comprises from the former school room which has triple aspect and so much versatility to how it can be used, there is access to the conservatory as well as a useful utility room with a cloakroom WC. that is in need of modernisation and decoration. The kitchen has a lovely double aspect and a range of matching units, wooden worktops and appliances, and a feature fireplace, there is wooden flooring, a square archway through to the family room, door to the rear garden and stairs to the first floor.

The landing has a super galleried / study area with windows to the rear, built in cupboard and doors to all the bedrooms and bathroom, Bedroom one is at the top of the stairs and has a lovely aspect over the fields to the front as does bedroom three and bedroom two has built in wardrobes and a super aspect over the garden and fields to the side. The bathroom has a shower over bath, WC and a wash hand basin, part tiled walls.

Outside the property stands in its own grounds, there is an in an out drive, car port and plenty of parking, the lawn gardens surround the property with a patio area to the side and certain parts of the garden have super outlook over the fields to the side.

Viewings are recommended.

Location - The property is located in the edge of Marden close to the village of Chainhurst near to Collier Street which includes a Church, primary school, a small business estate and several farms.

Local shops are available in the larger villages of Yalding, Marden and Horsmonden with more comprehensive shopping available at Tunbridge Wells.

Together with the local primary school there are a variety of state and public schools available in the area including Dulwich Preparatory School, Sutton Valence, Bethany, Benenden as well as grammar schools in Maidstone and Tonbridge.

Main line rail services are available from Paddock Wood or Marden.

Agent Details

Jack Charles, Tonbridge

01732 444230

Next Steps?

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