London Road, Addington, West Malling
IB

London Road, Addington, West Malling

By Ibbett Mosely

£ 750,000

Reviews

3 out of 5 stars

Ibbett Mosely says ..

A great opportunity to develop this site that has planning agreed to build three detached homes. Situated on the London Road Addington, close to West Malling and Wrotham Heath the properties will be positioned in a popular location with access to both areas, train stations, golf courses and high ...

Property Oracle says ..

This property in Addington, West Malling presents a complex case. It’s a development opportunity rather than a move-in-ready home. The existing house appears dated and requires updating. While the location benefits from proximity to West Malling and Wrotham Heath, offering some amenities and schools, the distance to these amenities suggests car reliance. The property’s most significant asset is the size of the land and the potential for developing the plot. The approval for building three detached houses significantly changes the proposition and affects how the £750,000 asking price is evaluated. The existing structure adds complication and risk in the development and impacts the overall value. A buyer should assess the costs of the existing property renovation or demolition, along with the expenses of building the three planned detached homes, against the potential profit margins, as this may offer greater financial return than renovation and use of the existing structure. Overall, this isn’t a typical property purchase, instead presenting a unique opportunity for a development project, requiring substantial due diligence to assess its financial viability.

Therefore, we give this property 6 / 10. *Disclaimer: This is our option and does constitute a recommendation or financial advice. Do your own research. *

Price
7
Condition
5
Location
7
Land
6
Bedrooms
2
Bathrooms
1

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
259,821.00 £
Increased by 8.05 %
from 240,470.00 £
Average area rental value
1,011.00 £/mo
Increased by 5.53 %
from 958.00 £/mo
Est rental Yield
4.67 %
Decreased by 2.30 %
from 4.78 %
Crime Rate
0.00 %
from 0.00 %

Agent Activity

  • Ibbett Mosely created the listing.

Nearby Schools

NameTypeOfstedDistance
Trottiscliffe Church Of England Primary SchoolVoluntary Controlled SchoolGood1.96 KM
Offham Primary SchoolCommunity SchoolOutstanding2.44 KM
Vigo Village SchoolCommunity SchoolGood3.45 KM
Platt Church Of England Voluntary Aided Primary SchoolVoluntary Aided SchoolGood3.46 KM
Ryarsh Primary SchoolCommunity SchoolOutstanding4.75 KM

Images

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Nearby Streets

NameAverage PriceAverage SqftDistance
Ford Lane £ 000.00 KM

Nearby Transport

NameNLCTLCDistance
Borough Green And Wrotham5130BRG5.67 KM
West Malling5129WMA6.86 KM
Wateringbury5241WTR9.12 KM
East Malling5134EML9.22 KM
Sole Street5126SOR9.59 KM

Nearby Listings

AddressPriceTypeScoreDistance
London Road, Addington, West Malling £ 750,000BUY6 / 100.00 KM
London Road, West Malling, Kent £ 462,500BUYUnknown0.14 KM
London Road, West Malling, Kent £ 700,000BUYUnknown0.14 KM
Teston Road, Offham, West Malling, Kent, ME19 £ 5,000,000BUYUnknown0.31 KM
London Road, Addington, West Malling £ 950,000BUY8 / 100.45 KM

Nearby Properties

AddressPriceDistance
Matanzas £ 275,0000.13 KM
Addington Park Lodge £ 1,215,0000.13 KM
Greenview £ 820,0000.15 KM
Park View £ 880,0000.15 KM
Brookfield House £ 740,0000.41 KM