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Vernon Road, Tunbridge Wells, TN1

South East

£240,000
Listed on 13/04/2026

Property Details

Bedrooms
2
Type
Terraced
Area
538 sqft

Description

This charming Victorian terraced cottage presents a prime opportunity for renovation in the desirable St James area of Tunbridge Wells, located just a stone's throw from Grosvenor and Hilbert Park and under a mile from the town centre. The two-bedroom home requires updating, making it an appealing project for those looking to inject their personal style into the living space. The layout features a cosy living room, a rear kitchen, and a downstairs bathroom, while the first floor hosts two similarly sized double bedrooms. Outside, the small private courtyard offers potential for enhancement and outdoor enjoyment. With double glazing installed throughout and a gas central heating system in place, the home retains comfort while allowing for modernization. This property is offered with no onward chain and represents an excellent chance for first-time buyers or investors who wish to capitalize on its location and renovation potential. The vibrant local community includes various amenities, schools, and transport links, solidifying this home's appeal as you consider turning it into your dream residence.

Investment Analysis

(TN1 area)

Below Market Value

This property is priced -3.8% below area average per sq ft

-3.8%
Potential saving
This Property
£446/sq ft
Area Average
£464/sq ft
Avg Rent (weekly)
£306
Avg Yield
4.1%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£15,000 - £30,000
Target Value
£274,329
10% above area average per sq ft
Potential ROI
+1.6%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
15
Average per month
Market Turnover
8%
Properties sold annually

Local Market Trend (TN1)

Area prices are stable by -0.6% over the last 12 months
3 year growth: +9.2%
5 year growth: -2.0%
Investment Disclaimer: Analysis based on TN1 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

Vernon Road, Tunbridge Wells, TN1
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Mortgage Calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 3.91%

Current average variable rate is 6.62%

Monthly Repayments
£850
Based on a loan of £180,000 over 30 years at 3.91% 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.

Stamp Duty Calculator

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