Studio for sale

Maplecroft, The Drive, Tonbridge TN9

**guide price: £90,000 - £110,000**

Buy-to-Let Investment Opportunity – Tenant in Situ

An excellent opportunity for buy-to-let investors to acquire a well-located studio apartment with a long-standing tenant already in occupation, providing immediate rental income from day one.

Situated on The Drive in South Tonbridge, the property is just 0.3 miles from Tonbridge Mainline Station, offering fast and direct services to London Bridge, Charing Cross and Cannon Street. Tonbridge High Street is also within walking distance, providing a wide range of shops, supermarkets, cafés, restaurants and everyday amenities, making the property an attractive rental proposition.

The apartment is currently let to a reliable long-term tenant who has happily occupied the property for several years and has expressed a desire to remain, offering investors continuity of income and the potential to minimise void periods.

The current rent is £640 per calendar month, following a recent increase, producing an annual rental income of £7,680 and an approximate gross yield of 7.0%–8.5%, based on the revised guide price of £90,000–£110,000.

Accessed via a secure communal entrance, the accommodation comprises a bright and versatile studio room, a separate kitchen, and a bathroom that was redecorated approximately two years ago with a modern white suite and finish.

Further benefits include one allocated parking space and Council Tax Band A, helping to keep occupancy costs attractive for tenants.

Tonbridge continues to be a popular rental location thanks to its excellent transport links, strong commuter demand, highly regarded schools, and convenient access to the A21 and M25.

This is a genuine turnkey investment opportunity, offering an established tenancy, immediate rental income, and strong long-term rental appeal in a sought-after Kent location.

Important Notice: We have prepared these property particulars as a general guide to a broad description of the property. They are not intended to constitute part of an offer or contract. We have not carried out a structural survey and the services, appliances and specific fittings have not been tested. All photographs, measurements, floorplans and distances referred to are given as a guide only and should not be relied upon for the purchase of carpets or any other fixtures or fittings. Lease details, service charges and ground rent (where applicable) and council tax are given as a guide only and should be checked and confirmed by your Solicitor prior to exchange of contracts. The copyright of all details, photographs and floorplans remain exclusive to Leaders. ‘’These particulars are believed to be correct and have been verified by or on behalf of the Vendor. However, any interested party will satisfy themselves as to their accuracy and as to any other matter regarding the Property or its location or proximity to other features or facilities which is of specific importance to them. Distances and areas are only approximate and unless otherwise stated fixtures contents and fittings are not included in the sale. Prospective purchasers are always advised to commission a full inspection and structural survey of the Property before deciding to proceed with a purchase.’’ Successful buyers will be required to complete online identity checks provided by Lifetime Legal. The cost of these checks is £80 plus VAT per purchase which is paid in advance, directly to Lifetime Legal. This charge verifies your identity in line with our obligations as agreed with hmrc and includes mover protection.