Culverden Square, Tunbridge Wells
By Austin Gray
£ 750,000
Reviews
3 out of 5 stars
Austin Gray says ..
PLANNING PERMISSION FOR 3 FAMILY HOMES. OFFERS INVITED £750,000-£800,000
Property Oracle says ..
This property in Culverden Square, Tunbridge Wells, is a development opportunity, not a ready-to-move-in home. The listing presents planning permission for constructing three family homes on the site. The location within St James’ is highly desirable, offering proximity to excellent schools and the train station. Tunbridge Wells is a popular commuter town. The photos reveal a relatively flat and relatively clear site, suitable for construction. The existing landscaping is minimal. The price is within the range indicated by the listing agent and appears to be within the parameters of the current market for such a development project. The absence of details regarding the total plot size, proposed build specifications, and precise construction costs limits a precise financial appraisal. A potential buyer will need to carry out comprehensive due diligence and factor in building costs, timeframes, potential resale values, and other market factors before making a purchase decision. Overall, the potential returns appear strong given the site location and planning permission, but inherent risks are associated with any such development project. Buyers should engage in detailed financial projections and seek professional advice.
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
- 4
- Location
- 8
- Land
- 6
- Bedrooms
- 0
- Bathrooms
- 0
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Metrics Year-on-Year
- Average area value
- 391,661.00 £Increased by 31.90 %
- Average area rental value
- 1,339.00 £/moIncreased by 15.33 %
- Est rental Yield
- 4.10 %Decreased by 12.58 %
- Crime Rate
- 10.00 %Unchanged by 0.00 %
Agent Activity
Austin Gray created the listing.
Nearby Schools
| Name | Type | Ofsted | Distance |
|---|---|---|---|
| The Wells Free School | Free Schools | Good | 0.28 KM |
| The Skinners' School | Academy Converter | 0.58 KM | |
| St Barnabas Cofe Va Primary School | Voluntary Aided School | Good | 0.88 KM |
| Tunbridge Wells Girls' Grammar School | Foundation School | Outstanding | 0.89 KM |
| St Augustine'S Catholic Primary School | Academy Converter | Good | 1.26 KM |
Images
Nearby Streets
| Name | Average Price | Average Sqft | Distance |
|---|---|---|---|
| Culverden Square | £ 642,500 | 0 | 0.00 KM |
| Belgrave Road | £ 260,000 | 0 | 0.00 KM |
| Meadow Road | £ 0 | 0 | 0.00 KM |
| Meadow Road | £ 0 | 0 | 0.00 KM |
| Kings Avenue | £ 1,150,000 | 0 | 0.00 KM |
Nearby Transport
| Name | NLC | TLC | Distance |
|---|---|---|---|
| Tunbridge Wells | 5230 | TBW | 0.85 KM |
| High Brooms | 5235 | HIB | 2.11 KM |
| Frant | 5218 | FRT | 5.19 KM |
| Tonbridge | 5229 | TON | 6.04 KM |
| Leigh (Kent) | 5294 | LIH | 8.47 KM |
Nearby Listings
| Address | Price | Type | Score | Distance |
|---|---|---|---|---|
| Culverden Square, Tunbridge Wells | £ 750,000 | BUY | 6 / 10 | 0.00 KM |
| Grosvenor Mews, Tunbridge Wells (Central location) | £ 600,000 | BUY | 7 / 10 | 0.01 KM |
| Grosvenor Mews, Tunbridge Wells (central location) | £ 700,000 | BUY | 8 / 10 | 0.01 KM |
| Culverden Square, Tunbridge Wells (town centre location) | £ 725,000 | BUY | 7 / 10 | 0.03 KM |
| The Dairy, St. Johns Road, Tunbridge Wells, Kent | £ 425,000 | BUY | 7 / 10 | 0.04 KM |
Nearby Properties
| Address | Price | Distance |
|---|---|---|
| 6a St Johns Road | £ 94,000 | 0.06 KM |
| 3 Culverden Square | £ 235,000 | 0.07 KM |
| 5 Culverden Square | £ 513,000 | 0.07 KM |
| 1 Culverden Square | £ 417,500 | 0.07 KM |
| 15 Culverden Square | £ 202,500 | 0.07 KM |