Lambert & Foster Ltd says ..

Property Oracle says ..

This property on Maidstone Road, Pembury, is marketed as a development opportunity rather than a ready-to-move-in home. It consists of a former cold store and stables with planning permission already secured for conversion into two dwellings – one with four bedrooms and the other with two. This represents considerable potential, but requires extensive renovation. The existing structures appear dilapidated; the photographs show considerable wear and tear on the wooden buildings, and the brick sections needing updating. The site’s location is a major strength. Pembury is known for its family-friendly atmosphere and its proximity to the more extensive amenities and transport links of Royal Tunbridge Wells. Several nearby streets show higher average property prices, but also have higher average prices per sqft, which is not available for this property. The location boasts good schools within easy reach, another key factor in property desirability. The lack of square footage and plot size details makes a precise price-per-square-foot assessment impossible and inhibits a clear comparison to similar nearby properties. The list price, while apparently reasonable when factoring in redevelopment potential, should be considered in light of the substantial refurbishment or rebuild costs required. Therefore, potential buyers should carefully assess their budget and factor in the full cost of bringing the property up to the required standards.

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

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