2-bedroom flat · TN17 3JB
For saleListed 14 days
Opportunity summary
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About
A modern, recently decorated, two bedroom first floor apartment set within an independent living retirement development for persons aged 60 years and over, enjoying a communal area and parking, all conveniently located for accessing the high street and the comprehensive amenities, including adjacent doctors surgery, available within this historic market town.
No onward chain.
14 Rectory fields is a modern circa late 1980s first floor apartment set within a retirement development for independent living, with an on-site manager and 24 hour emergency call facility for persons aged 60 years and over.
The apartment has recently been redecorated throughout with new carpets included.
The accommodation is described as follows; from the communal entrance hall a private front door opens into the hallway with built-in cloaks, airing cupboard and loft access.
Doors lead off to the sizeable 16’10 sitting/dining room with with two large windows and decorative fireplace housing electric fan fire with coal effect.
The kitchen has fitted units and worktops with integral Bosch oven and microwave, gas hob, fridge/freezer and washing machine with pleasant outlook over communal courtyard.
From the hall, doors lead off to bedroom one with fitted wardrobes and bedroom two (also a double). The bathroom includes integrated WC, wash basin and bath tub with shower over.
Outside, number 14 has access via the communal entrance hall out to a communal courtyard with seating.
Positioned around the development is communal seating and access onto the Ball Field recreation ground which makes for pleasant walking.
There is an area of private communal parking which is non-designated. OUTGOINGS: Rectory fields is managed by Churchill who provide an on-site manager and service a 24 hour emergency call facility.
Service charge: Currently set at £4,100 approx per annum paid every half and covers the facility of the on-site manager, maintenance of communal areas including window cleaning, lighting, gardening and exterior of the building.
Ground rent: Currently set at £300 for 2026 and is paid to E&J Estates biannually. Leasehold 100 years from January 1988.62 years remaining.
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.
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About Rectory Fields, Cranbrook
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