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£1,000,000
Bedrooms
Bathrooms
A fantastic opportunity to purchase this property with planning permission to be developed into three good sized family houses offering four double bedrooms and ensuite options.
The property sits in the Basted Valley, an area of natural beauty offering walking, running and country pursuits on your doorstep as a popular country pub within 200 metres.
Just over a mile to Borough Green with its amenities including mainline station to London, City and West End locations it truly offers the best of all. If a bigger town is required we are just a short drive from the highly popular Sevenoaks with its connections and facilities.
A rare opportunity to develop a building that was built with potential conversion in mind and is currently being used as offices for an architects, who notice has been given too.
Bridge House - Bridge House is situated at the end of the Basted Mill development and was previously used as an office for a leading architect business. It was built with the intention of conversion to sizeable family homes offering modern solutions to lifestyle needs.
This starts with its great location to tap into the semi rural lifestyle enjoying the open countryside on your doorstep that is highly popular with dog walkers and runners taking in the vistas that Kent is famous for finishing at the local country pub less than 200 metres from the property. This is all balanced with a journey of just over 1 mile to central Borough Green offering great amenities including popular schools, artisan bakeries, community centre, supermarkets and most importantly a mainline station with less than 40 minutes onward journey to both the City and West End,
Planning permission for the property can be found on the Tonbridge and Malling Planning website with reference 18/00532/RD and there are two subsequent consents relating to discharge of planning conditions 15/03414/FL and 17/02388/FL.
This enables the conversion of the current property to three residential family homes currently offering two reception rooms with an additional study, ideal for working from home. Adjustments to open up the spaces to incorporate an open plan feel that is in so high demand and other adjustments would be considered. Four good sized bedrooms with ensuite facilities, two units have two bedrooms with ensuites plus a main bathroom the other, one main ensuited bedroom with a family bathroom offering facilities for the three other bedrooms. The floorplans for the current office and conversion are attached.
Parking is provided as a condition of the sale, planning and development of the coach house that is currently being built at the end of the plot and will provide six off road spaces for the new houses.
An additional plot is also being included across the road from Bridge House that is currently used as parking and is available for this use.
We are more than happy to discuss the details of the proposition and organise a visit to the location by appointment via our Borough Green office.
Bridge House Car Park - Approx. 456 m2 in size and within 100 metres of Bridge House - On a separate deed but to be sold with the main house offering additional parking and or strorage of building supplies whilst conversion takes place.
Basted Mill - The property is on the rural edge of the hamlet of Basted with its pub and country walks.an area of outstanding natural beauty and a firm favourite for walkers and runners alike. A meandering stream, gardens and woodland set the tone yet still conveniently located for all amenities and the station being less than a mile away. Borough Green is a lively local community with an excellent range of local shops (including Sainsburys Local and a Co-Op) as well as other amenities (such as a library, village hall and various churches) and independent restaurants and cafes as well as a Costa. There are well thought of local primary schools and secondary schooling. London Commuter services run from the station on the Victoria line with Charing Cross services also. Sevenoaks is a short distance of around 6 miles from the property with its bigger town feel and historic buildings as well as further commuter options There are excellent motorway links via the nearby M20/M26 leading to the M25 in either direction. Sevenoaks is about 7 miles to the west and Maidstone about 10 miles to the east. Schools are excellent close by in the Borough Green and Ightham area as well as lots of choice in Sevenoaks for secondary education.
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.
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