71 Calverley Road, Tunbridge Wells, Kent

Description

A period terrace property located in the heart of Royal Tunbridge Wells within easy reach of local and national retailers, mainline railway station and other transport links including the A21 and M25. This unit was previously used as a restaurant and may have potential for alternative uses, subject to all necessary consents being obtainable.

Accommodation

Ground Floor: Entrance, dining area, store room, two W.C.s, kitchen and courtyard garden area. Lower Ground Floor: Restaurant/dining area and two W.C.s. First Floor: Function room, W.C., store cupboard, further room, shower and separate W.C. Second Floor: Two rooms.

Location

Located in the heart of Royal Tunbridge Wells, within easy reach of local and national retailers, the mainline railway station and transport links including the A21 and M25.

Tenure / Property Information

Investment Analysis

The guide is £480,000–£500,000. Supplied Land Registry evidence for Calverley Road is highly variable (£340,000 to £1,960,000), relates to properties described only as “Other” or “Detached”, and provides no floor areas, detailed uses or direct comparability. A supported market value or GDV cannot therefore be established from the evidence provided.

Investment Snapshot

Strategy Recommendation

Do not bid on current evidence alone. Proceed only after confirming lawful use and consents, obtaining a measured valuation, commercial rental evidence, surveys and a complete cost schedule.

Works Required

No specific defects or refurbishment requirements are evidenced. Any works would depend on the intended commercial use and required consents; inspection, professional surveys and confirmation of lawful use should precede budgeting.

Rental & Market Context

Sold Comparables

The following completed sales were identified within approximately 5 miles:

Potential BRRR Position

A BRRR analysis cannot be supported because there is no reliable GDV, rental evidence, refurbishment budget or confirmed alternative use. Refinancing would also depend on use, consents, valuation and lender criteria.

Buy-to-Let Analysis

A BTL yield cannot be calculated. No sufficiently specific rental evidence, passing rent or auctioneer rent estimate is supplied, and the property is described as a vacant commercial unit rather than residential accommodation.

Flip Analysis

A flip surplus cannot be calculated. The supplied sales evidence is materially varied and lacks floor areas, condition, use and comparability detail. No refurbishment allowance or supported resale value is available.

Investor Risks & Due Diligence

• Alternative uses are subject to all necessary consents being obtainable.

• No sufficiently specific rental comparable or passing rent is provided.

• Comparable sale prices vary substantially and lack floor area, use and condition detail.

• The property is vacant, so there is no evidenced income stream.

• Administration, other non-optional fees, Stamp Duty, Land Registry fees and potentially VAT may be payable in addition to the bid price.

Recommendation

Do not bid on current evidence alone. Proceed only after confirming lawful use and consents, obtaining a measured valuation, commercial rental evidence, surveys and a complete cost schedule.

Strategy Rating

Analysis Confidence

The property description and guide are supplied, but there is no floor area, confirmed planning/use position, rental evidence, condition report, refurbishment budget, directly comparable valuation or quantified buyer costs.