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Goudhurst, Kent

South East

£750,000
Listed on 19/02/2026

Property Details

Bedrooms
5
Type
Detached house

Description

This historic Grade II Listed former water mill, dating back to around 1516, offers a unique opportunity for renovation and investment. Nestled on the banks of the River Teise within approximately half an acre of charming grounds, this property combines rich history with significant potential. Set in the attractive village of Goudhurst, known for its picturesque architecture and community spirit, Hope Mill is conveniently located near local amenities including independent shops and reputable schools. The residence features a blend of distinctive character with exposed beams and stonework throughout, alongside spacious accommodation that includes five bedrooms and multiple living areas. Having been unoccupied for some time, the mill requires considerable refurbishment to restore it to its former glory. The existing oil-fired central heating system has not been tested, but there is substantial potential to enhance the living space further, especially with planning permissions previously granted for repairs and new structures—though these have since lapsed. Notably, the original water wheel remains intact but needs attention. Additionally, there is an annex that requires complete refurbishment; its prior planning approval for residential use suggests additional possibilities for expansion or rental income. With good transport links to London and a favorable school catchment area, this property presents an appealing venture for those looking to invest in a project steeped in history while truly making it their own.

Investment Analysis

(TN17 area)
Area Average
£427/sq ft
Avg Rent (weekly)
£405
Avg Yield
3.3%

Renovation Potential

Heavy Refurb
Est. Renovation Cost
£150,000 - £250,000
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
10
Average per month
Market Turnover
10%
Properties sold annually

Local Market Trend (TN17)

Area prices are falling by -3.1% over the last 12 months
3 year growth: -4.3%
5 year growth: -2.0%
Investment Disclaimer: Analysis based on TN17 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

Goudhurst, Kent
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Mortgage Calculator

£
£
£
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%
years

Current average 2-year fixed rate is 4.06%

Current average variable rate is 6.81%

Monthly Repayments
£2,705
Based on a loan of £562,500 over 30 years at 4.06% 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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