1-bedroom flat · TN1 2DU
Under offerListed 130 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
A chain free and well presented one bedroom top floor apartment with modern open plan kitchen and living room, situated close to the town shops and railway station.
Hallway - Open Plan Kitchen/Living Room - Bedroom - Bathroom - Allocated Parking Space - No Chain Communal door to top floor.
Entrance door to: HALLWAY: Entry phone security system, coving to ceiling, storage cupboard.
Door leading to: OPEN PLAN LIVING ROOM/KITCHEN: Living Room: Wood laminate flooring, electric wall heater, inset spotlights, coving to ceiling. Two sash windows to rear aspect.
Kitchen: Fitted with a range of wall and base units with worktops over. Stainless steel sink unit with mixer tap. Integrated electric oven and halogen hob.
Integrated fridge/freezer, plumbing for washing machine. BEDROOM: Electric wall heater, coving to ceiling, storage cupboard, inset spotlights. Window to side aspect.
BATHROOM: Fitted with a low level WC, wash hand basin with mixer tap and vanity unit, shower cubicle. Storage cupboard, coving to ceiling, inset spotlights. Frosted window to rear aspect.
OUTSIDE: The property benefits from an allocated parking space. SITUATION: The property is located on Upper Grosvenor Road in central Royal Tunbridge Wells.
It offers particularly good access to both the town centre and the main railway stations of Tunbridge Wells and High Brooms with its commuter service to London Charing Cross, as well as an excellent mix of primarily independent retailers and restaurants between Mount Pleasant and the Pantiles.
The property is also approximate to Grosvenor and Hilbert parks. Tunbridge Wells has an excellent range of sports clubs including cricket, rugby and golf, as well as a host of social societies.
TENURE: Leasehold Lease - 999 years from 24 June 1986 Service Charge - currently £1,119.24 per year No Ground Rent We advise all interested purchasers to contact their legal advisor and seek confirmation of these figures prior to an exchange of contracts.
COUNCIL TAX BAND: A VIEWING: By appointment with Wood & Pilcher ADDITIONAL INFORMATION: Broadband Coverage search Ofcom checker Mobile Phone Coverage search Ofcom checker Flood Risk - Check flooding history of a property England - Services - Mains Water, Gas, Electricity & Drainage Heating - Electric ANTI MONEY LAUNDERING REQUIREMENTS: In accordance with HMRC current legal requirements, we are required to carry out AML (Anti Money Laundering) checks on all purchasers once any offer has been accepted.
A nonrefundable administration fee of £30 + VAT (£36) will apply for each prospective purchaser.
Satisfactory AML results and evidence of funds and/or a mortgage AIP are required before any offer can be formally accepted and memorandum of sale issued.
Value & comps
No previous sales on record.
Returns
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Archie refurb estimate: a Pro feature
0.0% below asking
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Deal
Properties like this can earn 2–3x BTL yields when converted to HMO, with retrofit costs around £10k/room. Sign in to see the full tier, yield projection, and cost breakdown.
Commercial properties like this can earn 30-50% higher yields when converted to residential under Class MA / Q / P / PA, with prior approval costing ~GBP 96/unit. Sign in to see the recommended route, yield uplift, and cost breakdown.
BRRR-suited properties can recycle 80-100% of investor capital on refi, leaving a high-yielding rental with most of the money out. Sign in to see the refurb cost stack, ARV projection, and refinance maths.
Detached + large garden = sub-division play. Pro tier unlocks the tier badge, plot size, uplift estimate, and regional land benchmark.
Short-lease flats trade at deep discount, but extending under the 1993 Act often costs far less than the discount. Pro tier unlocks the tier badge, premium breakdown, long-lease ARV and arbitrage maths.
See projected short-stay revenue vs a vanilla BTL for this property.
See real sub-let margins (HMO room rates & SA nightly rates) vs the landlord rent.
Area
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FAQ
About Upper Grosvenor Road, Tunbridge Wells
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