Tunbridge Wells, TN2 4XP | Investment Property for Sale | VES-TN2-001

Opportunity to purchase an apartment in Tunbridge Wells generating £14,400 rent pa and a gross yield of 4%

£360,000

Apartment

VES-TN2-001

INITIAL INVESTMENT

£165,300

GROSS RENT / YIELD

£14,400 / 4.0%

NET RENT / YIELD

£8,853 / 2.5%

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The property

TENANCY

Tenanted

TENURE

Leasehold

SERVICE CHARGE

£2,208

2 bedrooms

2 bathrooms

1 reception room

747

Unfurnished

Leasehold information

  • Length of lease: 999 years
  • Year lease started: 2007

Property information

  • Second floor flat
  • 1 family bathroom and 1 shower room
  • Lift within the building
  • Allocated parking space
  • EPC rating C

Notes

The listings particulars haven't yet been reviewed by the vendor and are therefore not final.

We are currently awaiting the AST from the landlord and will update the listing when received.

Floorplans

Documents available on request, please contact for viewings or further questions.

The information relating to this property is supplied by the vendor and was the latest available information at the time of listing. Certain information may expire or become inaccurate over time.

Vesta makes no warranty as to the accuracy or completeness of the property listing or any associated information. All information should be reviewed by the purchaser and their solicitor.

Financials

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Rental Income

GROSS RENT PER ANNUM

£14,400

Equivalent of £1,200 per calendar month (PCM).

GROSS RENTAL YIELD

4.0%

Gross rent per annum divided by the purchase price.

NET RENT PER ANNUM

£8,853

Gross rent per annum minus fully managed operating costs.

NET RENTAL YIELD

2.5%

Gross rent per annum minus fully managed operating costs divided by the purchase price.

FULLY MANAGED OPERATING COSTS

£5,547

The total estimated sum of expenses calculated annually assuming a fully managed service.

Click to understand assumptions.

Disclaimer

All financial information is provided as a guideline only, is based on estimates and assumptions and is subject to change. Buyers are advised to seek independent financial advice. Capital at risk.

About Tunbridge Wells, Kent

Royal Tunbridge Wells is a town in Kent, England. Located around 30 miles southeast of London.

The town is very well connected by road with the A26 passing through, connecting it to Maidstone and Newhaven. The A264 connects it to Five Oaks and Pembury, whilst the A267 runs south from Tunbridge Wells to Hailsham and the A21 goes to London and Hastings.

London Gatwick Airport is approximately 24 miles west of Tunbridge Wells.

Tunbridge Wells railway station lies around 34miles from London Charing Cross and is on the Hastings line. It is operated by Southeastern, running regular services to London Charing Cross and Hastings. The average journey time to London Charing Cross is 64 minutes whilst a journey to Hastings takes on average 47 minutes.

Famous for the Chalybeate Spring, Tunbridge Wells has drawn visitors for more than 400 years. There are many more things to do and see, such as visits to the local stately homes and gardens like Sissinghurst Castle Gardens, Salomon Estate, Penshurst Place, Pashley Manor and Scotney Castle to name a few. There are several nature reserves in the area too, Broadwater Warren, Hargate Forest, Barnetts Woods and Birchden Wood. As well as The High Weald, an area of land between the North and South Downs, was named and area of outstanding natural beauty.

Tunbridge Wells is ideally located to provide a huge number of outdoor activities too. For example, the Bowles centre offers rock-climbing at Harrisons Rocks, 2 dry ski slopes, canoeing trips and more. Whilst Bewl Water, a large lake near Lamberhurst, offers sailing, canoeing, windsurfing, fly-fishing and a 21km cycle route around the reservoir. Bedgebury is home of 2,000 acres of forest with plenty of routes for cycling, mountain biking, horse riding, walking and ziplining through the trees.

The town is also perfect for anyone’s shopping needs, with a huge variety of well-known high street shops, independent and specialist shops. The main shopping areas are the High Street, The Pantiles and local shopping centre Royal Victoria Palace.

Tunbridge Wells has attracted several big employers over the years, such as Cripps, a large solicitor firm, AXA PPP Healthcare, Kent and Sussex Hospital and Tunbridge Wells Hospital. Other local employers are hotels, restaurants and retailers.

Marnock House, Kingswood Road,

Tunbridge Wells,

Kent,

England,

TN2 4XP

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Important Note

All information contained in this website is provided as a guideline only, is based on estimates and assumptions, may not be accurate or complete, and is subject to change. We make no representations or warranties with regards to this information, expressed or otherwise. A buyer who relies on such information does so at their own risk. Buyers are advised to seek independent financial advice and should undertake their own due diligence.

Your capital is at risk. Property values may decline and the property might not be able to be rented at amounts sufficient to cover debt interest costs, operating expenses and liabilities, and might not result in a positive cash flow. Property is an illiquid asset and should not be viewed as a short-term investment.

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