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See how verdicts work1-bedroom flat · TN17 3DH
Listing removedReduced £24k (−8.8%) on 20 JunListed 609 days
Opportunity summary
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About
A very well presented apartment situated on the second floor of the popular McCarthy Stone Retirement Living development, Horsley Place.
The apartment boasts a spacious living room, one double bedroom with walk-in wardrobe, a modern fitted kitchen and comtemporary shower room.
Development Overview Horsley Place was constructed by McCarthy and Stone in 2015 and is purpose built for Retirement Living.
The development offers excellent communal facilities to include a lift to all floors and a mobility scooter store with charging points.
There is a Homeowners' lounge where social events take place, and if your guests have travelled from afar, they can extend their stay by booking into the development Guest Suite (fees apply and subject to availability).
The development has a dedicated House Manager on site on weekday mornings to take care of things and make you feel at home, and the camera door entry system ensures peace of mind.
You can rest easy in the knowledge that help is on hand with a 24 hour emergency call system provided by a personal pendant with a call point in the shower rooms and hallways.
There's no need to worry about the burden of maintenance as the service charge covers all external maintenance, gardening and landscaping, external window cleaning, buildings insurance, water rates, security systems, and the energy costs of the communal areas as well as the underfloor heating in the apartment.
It is a condition of purchase that residents must meet the age requirement of 60 years or over.
Local Area Horsley Place is conveniently situated within easy walking distance of the town centre and local super market.
Cranbrook, is one of the most picturesque small towns in the High Weald Area of outstanding Natural Beauty. It has an interesting and attractive range of shops, cafes, restaurants and boutiques.
Overlooking the town are the fine 14th century sandstone church and the 19th century windmill.
There are regular local bus services, a local train station (at Staplehurst) with links to London the coast and the M25.
Entrance Hallway Front door with spy hole leads to the entrance hall, where the 24 hour emergency response pull cord system is in place. Illuminated light switches and smoke detector.
From the hallway there is a door to a useful walk-in storage and airing cupboard. All other doors lead to the bedroom, living room and shower room.
Living Room A well presented living/dining room boasting a feature electric fireplace which makes a wonderful focal point in the room.
Two ceiling light points, power points, TV & telephone points, partially glazed door leads onto a separate kitchen.
Kitchen Modern style kitchen with gloss effect wall and base units and complimentary roll top work surfaces over.
Stainless steel sink with chrome mixer tap sits below the electronically operated window. There is an integrated fridge/freezer, washer dryer, and fitted electric ceramic hob with extractor over.
Tiling to floor and splash backs, contemporary ceiling lights and under pelmet lighting. Bedroom A spacious double bedroom with walk-in wardrobe, housing shelving and hanging rails.
Window, ceiling light, TV & phone point and fitted carpets.
Shower Room Extensively tiled wet room style shower room with walk in level access shower, glass screen and grab rails, WC, vanity unit with wash basin and illuminated mirror with shaver point above.
Electric chrome ladder style towel heater, under floor heating, extractor fan and emergency pull cord.
Service Charge (Breakdown) • Cleaning of communal windows • Water rates for communal areas and apartments • Electricity, heating, lighting and power to communal areas and underfloor heating throughout the apartment.
• 24 hour emergency call system • Upkeep of gardens and grounds • Repairs and maintenance to the interior and exterior communal areas • Contingency fund including internal and external redecoration of communal areas • Buildings insurance The annual service charge is £4,174.42 for the financial year ending 30/09/2026.
The Service charge does not cover external costs such as your Council Tax, electricity or TV. To find out more about the service charges please contact your Property Consultant or House Manager.
Lease Information Lease: 125 years from 1st Jan 2015 Ground rent: £425 per annum Ground rent review: 1st Jan 2030 Car Parking Parking is by allocated space, The fee is £250 per annum, Permits are available on a first come, first served basis.
Additional Information & Services • Fibre to the Cabinet Broadband available • Mains water and electricity • Electric room heating • Mains drainage
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.
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FAQ
About 21 Horsley Place, High Street, Cranbrook
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