Land at, The Grove, TUNBRIDGE WELLS, Kent, TN2 4BU

Description

A roughly rectangular woodland site (approximately 2.5 acres) with access from The Grove. Potential: The site may be suitable for development or a variety of alternative uses, subject to the necessary planning permissions and consents. Prospective purchasers must rely upon their own enquiries in this respect. To view: By application to the site during daylight hours.

Location

The land is situated on The Grove in Pembury, a popular village on the eastern outskirts of Tunbridge Wells in Kent. Public transport links are provided by High Brooms and Tunbridge Wells Railway Stations, together with a network of local bus services serving the surrounding area. An extensive range of shopping amenities can be found within Tunbridge Wells town centre, including the Royal Victoria Place shopping centre, whilst recreational pursuits include Dunorlan Park, Grosvenor & Hilbert Park and the surrounding Kent countryside. Road links are provided by the A21, which in turn provides access to the M25 motorway.

Investment Analysis

Investment Snapshot

Property & Refurbishment

Initial feasibility allowance: Development costs require site-specific appraisal. This is not a contractor quotation and should be confirmed following inspection and detailed scope.

Rental Analysis

No reliable auctioneer-published current rent was identified in the supplied scrape. Market rent should be independently verified before bidding.

GDV / Resale Analysis

No independent RICS/Land Registry comparable valuation has been inserted solely from the scraped auction data. End value should be confirmed against recent genuinely comparable transactions before bidding.

Properties Sold Within Approx. 5 Miles

No independently verified sold comparables are inserted from the auction scrape alone. Confirm recent Land Registry/RICS comparable evidence before relying on a GDV.

Investor Risks & Due Diligence

• Review the full legal pack and title before bidding

• Confirm all auction administration / contract charges

• Verify property condition and obtain appropriate surveys

• Confirm refurbishment costs with contractor quotations

• Verify planning status, access, services and development constraints

Recommendation

Preferred strategy: Development. This recommendation is an initial appraisal based on the auctioneer's published property information and should be tested against the legal pack, inspection, finance and local market evidence.

Strategy Rating

Development: ★★★★☆

Buy-to-Let: ★★☆☆☆

Flip: ★★★☆☆