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See how verdicts work1-bedroom flat · TN1 2ED
For saleReduced £20k (−11.8%) on 26 OctListed 148 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
GUIDE PRICE £170,000 - £180,000. A chain free one bedroom apartment situated on Upper Grosvenor Road in Tunbridge Wells in need of some updating, close to local shops and High Brooms railway station.
Entrance Hallway - Sitting Room - Bedroom - Kitchen - Bathroom - Allocated Parking Space - Communal Gardens Communal entrance door to first floor.
door to: ENTRANCE HALLWAY: Entry phone system, two storage cupboards. SITTING ROOM: Coved ceiling, double glazed bay window to front.
BEDROOM: Coved ceiling, dado rail, sliding mirror fronted wardrobes. double glazed bay window to front. KITCHEN: Fitted with a range of grey high gloss wall and base units with worktops over.
Stainless steel sink unit with mixer tap. Part tiled walls, splashbacks, coved ceiling. Built-in electric oven with halogen hob.
BATHROOM: Panel enclosed bath with wall mounted 'Triton' electric shower, push flush low level WC, wash hand basin, coving to ceiling extractor fan, tiled walls, wood effect flooring.
OUTSIDE: The property benefits from the use of an allocated parking pace and communal gardens. SITUATION: The property is located on Upper Grosvenor Road in central Tunbridge Wells.
It offers particularly good access to both the town centre and mainline railway stations of High Brooms and Tunbridge Wells itself as well as an excellent mix of High Street stores and a range of primary independent retailers and restaurants between Mount Pleasant and the Pantiles.
The property is also approximate to both Grosvenor and Hilbert Park and the hidden gem that is Woodbury Park Mortuary Gardens.
Tunbridge Wells has a number of sports and social societies and an excellent range of schools at primary, secondary, independent and grammar levels.
TENURE: Leasehold Lease - 125 years from 24 June 1991 Service Charge - currently £1560.00 per year Ground Rent - currently £200.00 per year We advise all interested purchasers to contact their legal advisor and seek confirmation of these figures prior to an exchange of contracts.
COUNCIL TAX BAND: C VIEWING: By appointment with Wood & Pilcher ADDITIONAL INFORMATION: Broadband Coverage search Ofcom checker Mobile Phone Coverage search Ofcom checker Flood Risk - Check flooding history of a property England - Services - Mains Water, Electricity & Drainage Heating - Currently no heating ANTI MONEY LAUNDERING REQUIREMENTS: In accordance with HMRC current legal requirements, we are required to carry out AML (Anti Money Laundering) checks on all purchasers once any offer has been accepted.
A nonrefundable administration fee of £30 + VAT (£36) will apply for each prospective purchaser.
Satisfactory AML results and evidence of funds and/or a mortgage AIP are required before any offer can be formally accepted and memorandum of sale issued.
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
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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 Upper Grosvenor Road, Tunbridge Wells
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