2-bedroom flat · TN1 2GD
Sold STCListed 169 days
Opportunity summary
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About
Situation: The property is situated in a convenient location within a short walk of the town centre and mainline station.
The town is renowned for its excellent shopping facilities and amenities including cinema complex, theatres, the historic Pantiles, Tunbridge Wells common and Dunorlan and Calverley Parks.
Tunbridge Wells mainline station serves London Bridge, Charing Cross and Cannon Street in under an hour and the A21 is also within easy reach of the property and links with the M25.
There are also a number of well-regarded schools in the area, including grammar schools for both girls and boys.
Description: The access to this spacious apartment is shared with just two other properties, is well presented and situated in a well-maintained building with secure gated parking and well-kept communal garden.
The apartment also benefits from an impressive EPC rating of ‘B’.
The accommodation is presented over one floor and includes; a spacious entrance hall with adjacent storage cupboard; a large living room with views of the garden, extending to almost 19ft (5.7m) with twin windows providing a good deal of natural light; a separate kitchen with a wide range of Shaker style wall and base units, complementary work surfaces, gloss tile splashbacks, 1 ½ bowl stainless steel sink and drainer with mixer tap over, and fitted appliances including a Hotpoint oven, Hoover hob with extractor over, Hoover washing machine, and full size fridge/freezer.
The apartment has two good sized bedrooms in addition to a spacious bathroom featuring bath with shower over, low level w/c, wash basin with mixer tap over, mirrored wall mounted medicine cabinet, and gloss wall tiling.
The apartment benefits from use of a secure gated carpark and use of the well-kept communal grounds.
The apartment has a lease of 125 years from 27/6/2008, ground rent is currently £244.00 per year, and the service charge equates to circa £150pcm.
Services: Mains water, gas, and electricity Local Authority: Tunbridge Wells Borough Council Current council tax band: D Current EPC rating: B Postcode: TN1 2GD
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 Flat 2 Railway House, Tunbridge Wells, Kent
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