Austin Gray says ..

Property Oracle says ..

This property in Culverden Square, Tunbridge Wells, is a development opportunity, not a ready-to-move-in home. The listing presents planning permission for constructing three family homes on the site. The location within St James' is highly desirable, offering proximity to excellent schools and the train station. Tunbridge Wells is a popular commuter town. The photos reveal a relatively flat and relatively clear site, suitable for construction. The existing landscaping is minimal. The price is within the range indicated by the listing agent and appears to be within the parameters of the current market for such a development project. The absence of details regarding the total plot size, proposed build specifications, and precise construction costs limits a precise financial appraisal. A potential buyer will need to carry out comprehensive due diligence and factor in building costs, timeframes, potential resale values, and other market factors before making a purchase decision. Overall, the potential returns appear strong given the site location and planning permission, but inherent risks are associated with any such development project. Buyers should engage in detailed financial projections and seek professional advice. Therefore, we give this property 6 / 10. *Disclamer: This is our opition and does constitute a recommendation or financial advice. Do your own research.*

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