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2 Bed Flat For Sale Culverden Park, Tunbridge Wells, TN4

£260,000- Flat

Yield: 5.17%
1 of 9
Yield: 5.17%
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  • Rental Guide: £895 - £1,120
  • 2 Bedroom(s)
  • Description
  • Floor Plan
  • Street View
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Last Updated: 25th March 2020

Description

Guide price £280,000 - £290,000. Freeman Forman are delighted to present this spacious chain free two double bedroom ground floor apartment with no steps, forming part of an exclusive gated development in the heart of Tunbridge Wells. The property has the benefit of an allocated off road parking space and an entry phone security system. The well presented accommodation includes an entrance hall with storage cupboards, a large reception room with a Juliet balcony on the south side of the building, a kitchen with integrated appliances, a master bedroom with an en-suite shower room and built in wardrobe, a further double bedroom and a main bathroom which is fitted with a white suite. The mainline railway station, numerous schools and the town centre offering shops, bars and restaurants are within easy reach. The property is serviced with mains gas, double glazed in full and offered for sale with no onward chain a viewing comes highly recommended.
The lease is 150 years from January 2004, a ground rent of £172.62 is chargeable and the service charge for the period 1/09/2019 - 31/08/2020 is £2,647.17 payable over a period of 6 months commencing 1st September, this includes maintenance of the building, grounds and building insurance.

Nearby Stations

  • Tunbridge Wells Rail Station (0.5 miles away)
  • Tunbridge Wells West (Spa Valley Railway) (1 miles away)
  • High Brooms Rail Station (1.1 miles away)
  • High Rocks (Spa Valley Railway) (1.9 miles away)
  • Frant Rail Station (2.8 miles away)

Nearby Schools

  • The Wells Free School (0.1 miles away)
  • The Skinners' School (0.4 miles away)
  • St Barnabas CofE VA Primary School (0.5 miles away)
  • Tunbridge Wells Girls' Grammar School (0.5 miles away)
  • Rose Hill School (0.6 miles away)
Agent Details
Freeman Forman
22-24, High Street, Tunbridge Wells, TN1 1UX
Show Contact Number
01892 640 253
Bank of England Base Rate:
0.1%

Forecast Score

Based on our analysis this property has been scored as:
4.7

Forecast Report

Our predictive algorithms and data analysts; scan, compare and rank properties by future gains and current returns; helping you pick the perfect investment at a glance.

The following influencers contribute to our score:
  • Historical Data
  • Interest Rates
  • Mortgage Availability
  • Fiscal Policy
  • Recent Sold Prices
  • Housing Demand
  • Benchmarking Performance Against Other Asset Classes

Comparison with local sold prices

There is a lack of data to forecast this property with regards in comparison with local sold prices.
Data Strength:
0

Profitability

There is a lack of data to forecast this property with regards of profitability.
0

Comparison with other investment alternatives

Investing in this property will give you a higher return when compared to other alternative investments.
5

Interest Rates

Lower interest rates mean lower mortgage payments and makes property more affordable historically in times of low interest rate property prices tend to increase.
10

Mortgage Availability

Good mortgage availability causes property prices to increase as people can get mortgages and buy property.
10

Investment Analysis

Annual Rent:
Annual Mortgage Interest:
Annual Costs:

Calculators

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Legal - YOUR PROPERTY MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON A MORTGAGE OR ANY DEBT SECURED ON IT.

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Rental Data
2 Bedroom properties in “TN4” are mostly listed between £895 - £1,120. There is limited data on listings in proximity to this property.

These figures should only be used as a guide, always get a rental assessment from a professional.
This is the potential achievable yield.
Potential Return-on-Cash Invested