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See how verdicts work5-bedroom house · TN30 6PR
Listing removedListed 124 days
Opportunity summary
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About
Prime Residential Development Opportunity An exciting opportunity to acquire a centrally located redevelopment site in the heart of St Michaels village, just moments from Tenterden, with a well-considered residential scheme and strong local demand for housing.
The Opportunity The site comprises the former Costcutter store and associated land, now vacant and in a dilapidated condition, offering immediate potential for redevelopment.
Extending to approximately 0.065 hectares (651 sq. M), the property occupies a prominent position along the A28 (Ashford Road) with additional frontage to Swain Road.
The site has been carefully assessed and designed to maximise its potential, with a proposed scheme for: A three-storey residential building 4 self-contained flats (1 and 2 bedroom) Private and communal garden space Off-road parking Landscaping and biodiversity enhancements Planning & Scheme The current proposal follows extensive planning history and pre-application discussions, with the latest scheme designed to address previous refusals and align with local planning guidance.
Key highlights: Scheme for 4 flats within a single traditional-style building Designed to complement the adjacent Conservation Area Improved layout, density and amenity provision Positive pre-application feedback noting the scheme would enhance the character and appearance of the site.
Full planning documentation and history are available.
Location Situated in the centre of St Michaels, the site benefits from exceptional accessibility to a wide range of amenities: Walking distance to local shops, Post Office, pubs and takeaways Close to primary and secondary schools Excellent bus routes linking Tenterden, Ashford and Maidstone Easy access to countryside and recreation, including nearby green spaces The property sits within a sustainable and well-connected village environment, making it highly attractive for both owner-occupiers and investors.
Site Overview Plot size: Approx. 0.065 ha (651 sq.
M) Previously developed (brownfield) land Existing structures in poor condition and vacant for several years Mains electricity, water and drainage connected Vehicular access proposed via Swain Road, improving safety and usability Development Highlights Strong demand locally for smaller, more affordable housing Well-balanced unit mix: 1-bed and 2-bed apartments Private gardens to ground floor units and communal garden space 5 allocated parking spaces EV charging provision and sustainability features including solar panels Designed to deliver both market appeal and planning compliance Planning Context The scheme benefits from a highly favourable planning position: Located within the built-up settlement boundary Supports local and national policy for small housing sites No significant environmental or ecological constraints Contribution toward local housing supply in an area with limited land availability Investment Potential Attractive gdv potential given strong Tenterden market values High demand for low-maintenance apartments Ideal for: Regional developers sme builders Buy-to-let investors Housing providers The project offers the opportunity to deliver a high-quality development in a sought-after location with proven resale demand.
Tenure -Freehold Method of Sale - Available by Private Treaty.
Further Information For access to the data room, planning documents, drawings and to arrange a site visit, please contact: Clarendons Tenterden
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
Agent & docs
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FAQ
About New Blue Barn Store, Ashford Road, St. Michaels, Tenterden
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