Opportunity to purchase an apartment in Tunbridge Wells generating £11,940 rent pa & gross yield of 5.2%
£230,000
Apartment
VES-TN4-001
INITIAL INVESTMENT
£69,000
Based on
deposit: £57,500
stamp duty: £9,000
mortgage fees: £1,500
conveyancing fees: £1,000
GROSS RENT
£11,940
GROSS YIELD
5.2%
The property
TENANCY
Tenanted
TENURE
Leasehold
GROUND RENT
£200
SERVICE CHARGE
£1,699
2 bedrooms
2 bathrooms
1 reception room
523
Unfurnished
Leasehold information
- Length of lease: 125 years
- Year lease started: 2003
Property information
- Located on the lower ground floor
- 2 double bedrooms
- Open plan kitchen/living room
- Main bedroom comes with ensuite
- A private courtyard can be accessed via the main bedroom
- There is also a privately owned outbuilding
- The apartment was redecorated in 2018
- EPC rating D
- Monthly rental income £995
- Tenants have been in situ since August 2018
Location information
- The property is just 0.4 miles from Tunbridge Wells town centre and can easily be reached on foot
- Tunbridge Wells train station is half a mile away and can also be reached on foot in less than 15 minutes
- Tunbridge Wells Common lies just opposite the property
Tenancy
RENT
£11,940 p.a. / £995 pcm
TENANCY DEPOSIT
£1,378
TENANCY TYPE
AST
TENANCY AGREEMENT STARTED
over 5 years ago
TENANCY AGREEMENT ENDS
Periodic
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.
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.
Mount Ephraim,
Royal Tunbridge Wells,
Tunbridge Wells,
Kent,
England,
TN4 8BS
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