We've tightened what earns a Pursue. A home now needs a published valuation, a strategy that still makes money after real running costs and lender stress tests, and no listing problems that would stop a mortgage. You'll see fewer Pursues, and each one has been checked harder.
See how verdicts work2-bedroom flat · TN2 3FY
For saleListed 40 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
A superbly presented two double bedroom top (third) floor apartment, situated within this sought-after modern development.
The property is offered for sale in exceptionally good condition throughout and features a bright and spacious open-plan lounge, dining and kitchen area.
The contemporary kitchen is fitted with a range of integrated appliances including a washing machine, fridge, freezer, oven, hob and extractor, while the lounge benefits from a Juliet balcony.
There are two good-sized double bedrooms and a well-appointed bathroom, completing the internal accommodation. Further benefits include one allocated parking space.
An excellent opportunity to acquire a beautifully presented apartment in this popular and convenient development.
Agents Note This property is currently under shared ownership in conjunction with Moat Homes Housing Association who have criteria for any purchase, the advertised price is for the sellers 30% share £91,000.
£764.70 per month is paid to the Housing Association as rent for the retained share. Service Charge is £237.75.
Please contact with Moat Homes Housing Association for guidance on purchase requirements.
In addition, Moat Homes Housing Association have advised that they would be prepared to staircase a transaction to 100% Freehold ownership.
This would mean that any potential purchaser would buy the vendor’s 30% share and the remaining 70% share from Moat Homes Housing Association providing a Freehold purchase on completion.
Your conveyancer will advise with regard to the timescales involved and you should satisfy yourself in regard to lending affordability.
Property Ownership Information Tenure Shared ownership Council Tax Band D Percentage Share Owned 30% Additional Monthly Rent £764.70 Annual Ground Rent No ground rent Ground Rent Review Period No review period Annual Service Charge £2,865.00 Service Charge Review Period Every 1 year Lease End Date 01/01/2139 Property Description Disclaimer This is a general description of the property only, and is not intended to constitute part of an offer or contract.
It has been verified by the seller(s), unless marked as "draft".
Purplebricks conducts some valuations online and some of our customers prepare their own property descriptions, so if you decide to proceed with a viewing or an offer, please note this information may have been provided solely by the vendor, and we may not have been able to visit the property to confirm it.
If you require clarification on any point then please contact us, especially if you’re traveling some distance to view.
All information should be checked by your solicitor prior to exchange of contracts. Successful buyers will be required to complete anti-money laundering and proof of funds checks.
The current non-refundable cost is £80 inc. VAT per offer. You’ll need to pay this to Purplebricks and complete all checks before we can issue a memorandum of sale.
The cost includes obtaining relevant data and any manual checks and monitoring which might be required.
Value & comps
No previous sales on record.
Returns
Set an offer; the calculator follows it.
We're still gathering serviced-accommodation data for this area.
Archie refurb estimate: a Pro feature
0.0% below asking
This is not financial or investment advice. Prop AI Deals is not authorised by the Financial Conduct Authority (FCA) to provide investment advice.
All investment calculators, property analyses, and AI-generated insights are for informational purposes only. Property investment carries risk and may result in financial loss. All calculations should be independently verified and you should consult with FCA-authorised financial advisers before making any investment decisions.
Past performance does not guarantee future results. Tax implications vary by individual circumstances.
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.
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FAQ
About Apartment 16/Cedar House, The Avenue, Tunbridge Wells
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