16-30 Bidborough Ridge, Bidborough, Tunbridge Wells, Kent

Description

An outstanding opportunity! A detached block comprising eight self-contained purpose-built flats, occupying a site extending to just over half an acre and situated within the highly popular village of Bidborough. The flats are now in need of refurbishment however, the site is considered to offer potential for further development or complete redevelopment, subject to all the necessary consents being obtainable.

Accommodation

Eight self-contained flats. Ground Floor: Flat 16: Entrance Hall, living room, bedroom, kitchen and bathroom with W.C. Flats 20 & 24: Each with entrance Hall, living room, kitchen, two bedrooms and bathroom with W.C. Flat 28: Entrance Hall, living room, bedroom, kitchen and bathroom with W.C. First Floor: Flat 18: Entrance Hall, living room, bedroom, kitchen and bathroom with W.C. Flats 22 & 26: Each with entrance Hall, living room, kitchen, three bedrooms and bathroom with W.C. Flat 30: Entrance Hall, living room, bedroom, kitchen and bathroom with W.C.

Location

Situated within the highly popular village of Bidborough, at 16-30 Bidborough Ridge, Bidborough, Tunbridge Wells, Kent.

Tenure / Property Information

Investment Analysis

The guide is £1,080,000–£1,100,000, but no completed sales, GDV evidence, rental comparables, auctioneer rent estimate or quantified works budget has been supplied. Market value, refurbishment economics and maximum bid cannot therefore be reliably established. The property comprises eight self-contained flats on a freehold site of just over half an acre, with stated redevelopment potential subject to obtaining all necessary consents; this potential is not a confirmed planning position or valuation.

Investment Snapshot

Strategy Recommendation

Do not bid on current evidence alone. Proceed only after verifying the building condition, refurbishment scope, legal and planning position, achievable rents, all buyer costs and the value of any consented scheme.

Works Required

Refurbishment of the eight flats is indicated by the description. The evidence does not specify the required scope, condition defects, services, communal works, compliance works or costs. Any further development or complete redevelopment would require the necessary consents.

Rental & Market Context

Potential BRRR Position

A BRRR assessment cannot be completed without a supported post-refurbishment GDV, refurbishment budget, achievable rent and finance assumptions. The guide price is £1,080,000–£1,100,000, with administration and other non-optional fees potentially payable in addition, but these costs are not quantified.

Buy-to-Let Analysis

BTL yield cannot be established because no sufficiently specific rental evidence or auctioneer rent estimate has been supplied. The block is stated to have vacant possession, so there is no supported passing income. Refurbishment requirements and additional acquisition costs are also unquantified.

Flip Analysis

A flip surplus cannot be calculated because no supported GDV, refurbishment cost or selling-cost allowance has been supplied. Redevelopment potential is expressly subject to consents and should not be treated as confirmed value.

Investor Risks & Due Diligence

• The flats are stated to require refurbishment, but the scope and cost are unknown.

• Further development or complete redevelopment is only potential and subject to obtaining all necessary consents.

• No sufficiently specific rental evidence or passing income is available.

• Administration, search, other non-optional fees, Stamp Duty, Land Registry fees and VAT may be payable, but amounts are unspecified.

• EPC ratings for Flats 18, 24 and 26 are to be confirmed.

• The guide price may not represent value without completed-sale and development evidence.

Recommendation

Do not bid on current evidence alone. Proceed only after verifying the building condition, refurbishment scope, legal and planning position, achievable rents, all buyer costs and the value of any consented scheme.

Strategy Rating

Analysis Confidence

The evidence confirms the accommodation, tenure, vacancy, guide range and broad refurbishment/redevelopment description, but provides no comparables, rent evidence, quantified works, GDV, planning position or fee amounts.