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169/171 High Street, Tonbridge Kent
£250,000 Guide Price
Land opportunity with about 3.53 acres situated on a quiet country lane with open access off the lane. The plot descends to the rear section and is on different levels. There is a Delipidated barn/ storage shed originally about 236 sq ft ( according to property data ) and that can be found near the entrance. Edridge stream runs alongside the plot along with the mainline railway line.
Location - The desirable village of Groombridge occupies a stunning position in the High Weald Area of Outstanding Natural Beauty. The village has various local amenities including a convenience store, a bakery, a local pub, a village hall and a primary school. The small town of Crowborough offers further amenities within four miles, while popular Tunbridge Wells is six miles away, offering a wealth of amenities and facilities. The town has the delightful and renowned Pantiles, with its boutique shops, restaurants and independent cafs, as well as the excellent and varied shopping, leisure and cultural facilities of the town centre. Some of the finest state schools in the country, including The Skinners School and Tunbridge Wells Girls Grammar School can be found in the town. Nearby Eridge station offers services to London Bridge (1 hour), while Tunbridge Wells has more regular services to London Charing Cross(55 minutes), while the M25 is easily reached via the A21.
Agents Note - The land is sold on an unconditional basis, purchasers considering alternative uses or even development are deemed to rely upon their own enquiries.
Every care has been taken with the preparation of these Particulars but complete accuracy cannot be guaranteed. If there is any point, which is of particular importance to you,
please obtain professional confirmation.
These details are prepared as a general guide only, and should not be relied upon as a basis to enter into a legal contract or commit expenditure. An interested party should consult their own surveyor, solicitor or other professionals before committing themselves to any expenditure or other legal commitments expenditure or other legal commitments.
All dimensions/measurements are approximate and the owner reserves the right to change any terms
Flood risk: Medium (1% - 3.3% pa)
Your property may be repossessed if you do not keep up repayments on your mortgage.
Monthly Payment: £ 8,216.87
Monthly Payment: £ 8,216.87
Monthly Payment: £ 8,216.87
Amortization For Monthly Payment: £8,216.87 over 30 years ( Based on 3.20% Interest )
Using your investment as a 25.00% deposit and £ 5,833 in costs for purchasing and getting ready to let.
Stamp Duty is a tax paid on completion via your solicitor, the calculation includes the 3% surcharge for second homes.
Your home may be repossessed if you do not keep up repayments on your mortgage.
The refurbishment budget is set to 2.50% of the purchase price, but this will vary dependent on the suitability of the property for the rental market. Select a value that you feel is appropriate to the condition of the property.
This will vary between lenders, type of report and whether or not you are buying with a mortgage, for advice on which type of survey would be appropriate speak with an advisor from Preston Baker Financial Services.
Lenders will often charge a fees for the arrangement of a mortgage, for advice on what lenders may charge, speak with an advisor from Preston Baker Financial Services. Your home may be repossessed if you do not keep up repayments on your mortgage.
This is the sum of mortgage admin, land registry, search, bank transfer and any other fees incurred.
Purchase costs include assumed mortgage and survey costs which are estimated. For a quote contact a Preston Baker Financial Services mortgage advisor who can provide you with current and accurate information. The stamp duty calculation has applid the 3% stamp duty surcharge on the basis that this will be a second property.
The mortgage is assumed to be interest only. Your home may be repossessed if you do not keep up repayments on your mortgage.
This is the percentage of the rent that you will spend maintaining the property.
Ground Rent only applies to leasehold properties. This is an assumed ground rent, the confirmed figure can be found in the Property Information Questionnaire.
Service charge only applies to leasehold properties. The correct figure can found in the Property Information Questionnaire answered by the seller.
This is a standard, indicative figure only. Properties that have a service charge often have this included withing that charge. Please consult the Property Information Questionnaire for more information.
Final Equity Profit = Final Property Value - Mortgage Required - Investment
Cumulative Rental Profit = Annual rental profit x Time of Investment
This is the assumed rate of house price inflation.
This is the property value at the end of the investment based on an assumed rate of % house price inflation.
169/171 High Street, Tonbridge Kent
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