London Road, Southborough, Tunbridge Wells, Kent, TN4
South East
£480,000Guide Price
Listed on 22/10/2026
Listed on 22/10/2026
The listing
Property details
Bedrooms
8Type
MaisonetteArea
941 sqftFeatures
- Balcony
- HMO
- Tenanted
Description
Offered at auction via the modern method, this freehold investment comprises two first-floor maisonettes with a combined stated area of approximately 220 sq. m. The accommodation is described as having eight bedrooms, two kitchens, two bathrooms and two reception rooms. One maisonette is currently let at £1,500 per month, while the other is stated to require complete renovation.
The two properties have separate entrances and are arranged over two floors. Flat 69 is described as having five bedrooms, a kitchen, bathroom, separate WC and reception room, with a front balcony. The listing also identifies scope to modernise the accommodation and consider alternative rental arrangements, including HMO use, subject to planning, licensing and other relevant requirements.
The property is on London Road in Southborough, close to local shops and amenities, with Southborough Common nearby. High Brooms station is within reach, and the listing notes road connections via the A26 and access to facilities in Tunbridge Wells and Tonbridge.
WHOTS analysis
Our WHOTS verdict
An internal assessment of the opportunity to acquire, improve and create value.
35out of 100
Grade ELow opportunity
Confidence: MEDIUM
This is a substantial two-maisonette freehold project, with separate entrances, a front balcony and one unit already producing £1,500 pcm. The dated and damaged interiors leave scope to rework the accommodation, renew worn finishes and improve the rental offer. However, at £480,000 the asking price is already around 10% above the local £/sqf benchmark, and adding the £65,000–£115,000 renovation range puts the purchase-plus-works cost well above the local average benchmark for this floor area. That comparison is not a post-works GDV forecast, but it makes the economics difficult to support on the figures provided.
Renovation economics weigh on the grade because once you include an estimated £90,000 of works on top of the asking price, spend approaches £570,000 — roughly 23% above what comparable floor area achieves locally in current condition. The economics score captures that squeeze; finished resale value is outside our model.
Key opportunities
- Two separate maisonette entrances and eight bedrooms give scope to reshape the accommodation and rental proposition across the two units.
- A front balcony and the freehold ownership add useful character and flexibility to the asset.
- One maisonette is already let, while the other offers a blank canvas for a more comprehensive redesign and finish.
Key risks
- Worn flooring, damaged finishes and visible wall and ceiling staining across several rooms make this a substantial works programme; the £65,000–£115,000 range needs careful budgeting and sequencing rather than a cosmetic refresh.
- At £480,000 plus the stated works range, the purchase-and-renovation cost is stretched against the local average benchmark for this floor area, before fees and other purchase costs.
- Factor in roughly £570,000 including the asking price and quoted works of about £90,000, leaving a gap of around 23% versus area norms for this sqft, so margin after refurbishment is unproven.
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Finance
Mortgage calculator
Illustrative repayments based on the asking price, not a mortgage offer.
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years
Current average 2-year fixed rate is 4.45%
Current average variable rate is 6.60%
Monthly Repayments
£1,813
Based on a loan of £360,000 over 30 years at 4.45% 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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