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
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Metrics Year-on-Year
- Average area value
- 259,821.00 £Increased by 8.05 %
- Average area rental value
- 1,011.00 £/moIncreased by 5.53 %
- Est rental Yield
- 4.67 %Decreased by 2.30 %
- Crime Rate
- 0.00 %
Agent Activity
Ibbett Mosely created the listing.
Nearby Schools
| Name | Type | Ofsted | Distance |
|---|---|---|---|
| Trottiscliffe Church Of England Primary School | Voluntary Controlled School | Good | 1.96 KM |
| Offham Primary School | Community School | Outstanding | 2.44 KM |
| Vigo Village School | Community School | Good | 3.45 KM |
| Platt Church Of England Voluntary Aided Primary School | Voluntary Aided School | Good | 3.46 KM |
| Ryarsh Primary School | Community School | Outstanding | 4.75 KM |
Images
Nearby Streets
| Name | Average Price | Average Sqft | Distance |
|---|---|---|---|
| Ford Lane | £ 0 | 0 | 0.00 KM |
Nearby Transport
| Name | NLC | TLC | Distance |
|---|---|---|---|
| Borough Green And Wrotham | 5130 | BRG | 5.67 KM |
| West Malling | 5129 | WMA | 6.86 KM |
| Wateringbury | 5241 | WTR | 9.12 KM |
| East Malling | 5134 | EML | 9.22 KM |
| Sole Street | 5126 | SOR | 9.59 KM |
Nearby Listings
| Address | Price | Type | Score | Distance |
|---|---|---|---|---|
| London Road, Addington, West Malling | £ 750,000 | BUY | 6 / 10 | 0.00 KM |
| London Road, West Malling, Kent | £ 462,500 | BUY | Unknown | 0.14 KM |
| London Road, West Malling, Kent | £ 700,000 | BUY | Unknown | 0.14 KM |
| Teston Road, Offham, West Malling, Kent, ME19 | £ 5,000,000 | BUY | Unknown | 0.31 KM |
| London Road, Addington, West Malling | £ 950,000 | BUY | 8 / 10 | 0.45 KM |
Nearby Properties
| Address | Price | Distance |
|---|---|---|
| Matanzas | £ 275,000 | 0.13 KM |
| Addington Park Lodge | £ 1,215,000 | 0.13 KM |
| Greenview | £ 820,000 | 0.15 KM |
| Park View | £ 880,000 | 0.15 KM |
| Brookfield House | £ 740,000 | 0.41 KM |