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Chalket Lane, Pembury, TN2 - Image 1
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Chalket Lane, Pembury, TN2

South East

£825,000
Listed on 01/11/2025

Property Details

Bedrooms
4
Type
Detached house
Area
1868 sqft

Description

This spacious detached house presents a promising opportunity for renovation, situated conveniently within walking distance of the village center. While it currently requires refurbishment, its solid structure and traditional layout provide a strong foundation for potential enhancements and personal touches. The property features four well-sized bedrooms, allowing ample space for family living or creating additional rooms as desired. The generous proportions offer flexibility in redesign, making it an ideal candidate for investors looking to maximize value through thoughtful improvements. Located in Tunbridge Wells, residents can enjoy access to a wide array of amenities including educational institutions, leisure facilities, and shopping options such as the Royal Victoria Place shopping center. The area is known for its reputable primary and secondary schools, enhancing its appeal to families seeking quality education for their children. For those commuting to the City or West End, Tunbridge Wells station is easily accessible and provides regular fast train services that make daily travel convenient. This characteristic not only supports the local economy but also adds significant value to the property as it caters to commuters. Overall, this property not only offers a canvas for renovation but also boasts location advantages that enhance its investment potential in a desirable community setting.

Investment Analysis

(TN2 area)

Below Market Value

This property is priced -6.1% below area average per sq ft

-6.1%
Potential saving
This Property
£442/sq ft
Area Average
£470/sq ft
Avg Rent (weekly)
£380
Avg Yield
4.1%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£40,000 - £70,000
Target Value
£966,270
10% above area average per sq ft
Potential ROI
+8.0%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
29
Average per month
Market Turnover
12%
Properties sold annually

Local Market Trend (TN2)

Area prices are stable by +0.7% over the last 12 months
3 year growth: -10.5%
5 year growth: 1.7%
Investment Disclaimer: Analysis based on TN2 area averages and may not reflect property-specific factors like condition, exact location, or unique features. Any renovation cost estimates provided are AI-generated and should be considered indicative only. Renovation costs vary significantly based on property condition and scope of work. Always conduct professional surveys and get multiple quotes before making investment decisions.

Location

Chalket Lane, Pembury, TN2
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Mortgage Calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 4.19%

Current average variable rate is 6.78%

Monthly Repayments
£3,022
Based on a loan of £618,750 over 30 years at 4.19% interest

These results are estimates and are only intended as a guide. Make sure you obtain accurate figures from your lender before committing to any mortgage. Your home may be repossessed if you do not keep up repayments on a mortgage.

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YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE