The Pantiles, Tunbridge Wells, Kent, TN2
PE

The Pantiles, Tunbridge Wells, Kent, TN2

By Peter Leete & Partners

£ 840,000

Reviews

2 out of 5 stars

Peter Leete & Partners says ..

POTENTIAL DEVELOPMENT OPPORTUNITY. A rare opportunity to acquire a retail and residential property located in the historic Lower Walks of The Pantiles, Royal Tunbridge Wells, Kent.

Property Oracle says ..

This property, situated in the prestigious Pantiles area of Tunbridge Wells, presents a mixed bag of advantages and disadvantages for prospective buyers. The location is undoubtedly a major selling point, offering a blend of historic charm, vibrant amenities, and excellent transport links. The building itself appears to be a period property with features such as sash windows and wooden floors. However, the internal images reveal a property needing significant refurbishment or modernisation. The lack of outdoor space is a noticeable drawback for potential buyers who desire a garden or private patio. The current listing price seems ambitious considering the need for work, despite the prime location. A comprehensive survey and costings for renovation should be undertaken before committing to a purchase. Potential buyers should weigh the cost of modernisation against the long-term benefits of owning property in such a desirable area. The property’s description as a ‘potential development opportunity’ suggests the need for internal review and potential for improvement. The final value will highly depend on the type of refurbishment undertaken.

Therefore, we give this property 5 / 10. *Disclaimer: This is our option and does constitute a recommendation or financial advice. Do your own research. *

Price
7
Condition
6
Location
9
Land
1
Bedrooms
2
Bathrooms
1
Sqft (est)
1,268.74

The heatmap indicates the level of crime in the area. The color of the heatmap indicates the crime severity and recency.

Metrics Year-on-Year

Average area value
476,429.00 £
Decreased by 31.58 %
from 696,347.00 £
Est sale value
565,858.04 £
Decreased by 18.17 %
from 691,463.30 £
Average area rental value
1,561.00 £/mo
Decreased by 6.97 %
from 1,678.00 £/mo
Est letting value
1,268.74 £/mo
Unchanged by 0.00 %
from 1,268.74 £/mo
Est rental Yield
3.93 %
Increased by 35.99 %
from 2.89 %
Crime Rate
13.00 %
Unchanged by 0.00 %
from 13.00 %

Agent Activity

  • Peter Leete & Partners created the listing.

Nearby Schools

NameTypeOfstedDistance
The Mead SchoolOther Independent School0.33 KM
The Ark Children'S CentreChildren's Centre0.95 KM
Broadwater Down Primary SchoolCommunity SchoolGood0.97 KM
The Wells Free SchoolFree SchoolsGood1.13 KM
Claremont Primary SchoolCommunity SchoolOutstanding1.31 KM

Images

Nearby Streets

NameAverage PriceAverage SqftDistance
Swan Passage £ 350,00000.00 KM
Major York's Road £ 000.00 KM
Maple Close £ 950,00000.00 KM
Vale Road £ 650,00000.00 KM
Major York's Road £ 000.00 KM

Nearby Transport

NameNLCTLCDistance
Tunbridge Wells5230TBW0.67 KM
High Brooms5235HIB3.33 KM
Frant5218FRT4.70 KM
Tonbridge5229TON7.39 KM
Eridge5459ERI7.54 KM

Nearby Listings

AddressPriceTypeScoreDistance
The Pantiles, Tunbridge Wells £ 900,000BUY8 / 100.01 KM
Market Street, Tunbridge Wells, Kent, TN2 £ 570,000BUYUnknown0.03 KM
London Road, Tunbridge Wells, Kent, TN2 £ 375,000BUY7 / 100.04 KM
2 Bedroom Apartment, London Road, Tunbridge Wells £ 340,000BUY6 / 100.05 KM
The Pantiles, Tunbridge Wells, TN2 £ 575,000BUY8 / 100.06 KM

Nearby Properties

AddressPriceDistance
27a The Pantiles £ 250,0000.00 KM
25b The Pantiles £ 245,0000.01 KM
27b The Pantiles £ 250,0000.01 KM
21a The Pantiles £ 500,0000.01 KM
12b Nevill Street £ 230,0000.04 KM