Warren Street, ME17

South East

£1,400,000

Listed on 31/12/2022

Property Details

Bedrooms

Type

Detached house

Description

This property presents a versatile investment opportunity, featuring an existing hotel structure with 18 bedrooms, a restaurant, bar, kitchen, and ample parking space. While the hotel is currently not operational and necessitates some form of refurbishment to become functional again, there is considerable scope for creative redevelopment. With the right vision, this site could also be transformed into a residential development accommodating between 4 to 6 houses. Located in Lenham village in Kent, positioned on the southern edge of the North Downs and just nine miles from Maidstone, this site benefits from a charming local community and potential demand for both hospitality and residential options.

Investment Analysis

(ME17 area)

Area Average

£385/sq ft

Avg Rent (weekly)

£337

Avg Yield

3.7%

Renovation Potential

Medium 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

Average per month

Market Turnover

11%

Properties sold annually

Local Market Trend (ME17)

Area prices are rising by +2.1% over the last 12 months

3 year growth: +1.4%

5 year growth: +10.0%

Investment Disclaimer: Analysis based on ME17 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

Warren Street, ME17

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Mortgage Calculator

Property Price

Household Income

Deposit

Deposit %

Interest Rate

Repayment Period

years

Current average 2-year fixed rate is 4.06%

Current average variable rate is 6.81%

Monthly Repayments

£5,049

Based on a loan of £1,050,000 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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