Musings of a Brighton Buyers Agent
Clive Emson is having an auction next week with some interesting development opportunities in Kent.
In Gravesend there is a detached rent office in Dickens Road/Rose Avenue Junction. With a guide price of £18-£20K, I expect there will be considerable interest. In a residential area it may be possible to obtain permission for housing. Terraced housing in the area are likely to fetch between £120,000 and £150,000, taking into account a drop of 15% since last year. If wholly residential development is not permitted, a live/work unit may provide a suitable compromise. The Ebbsfleet express domestic service to London King€™s Cross opens in November so now is the time to capitalise on weaker prices along the East Kent corridor.
Another interesting site is a 1 acre site, former a waterworks plant, at Halden Lane, Rolvenden with a guide price of £80-£100,000. Property in the village does not change hands often and achieves a good price partly because it is a stones throw from Cranbrook Grammar School, a co-ed school with 750 pupils, a boarding house and a long and distinguished history. The process of gaining planning permission may be prolonged and require skillful negotiation and an exciting design but it has good access , some services and is close to the village as well as being secluded.
Finally there is a house and attached shop and garage in the High Street, Ramsgate with a guide of £170-£180K but planning permission for a four storey building was been granted in 2006. The price may appear high but families are now beginning to consider the coastal regions of Kent as a desirable option, in view of the plethora of good grammar schools in the area.
The area is becoming busier for Buyers Agents like us as a sharp rise in London commuters is predicted, as the fast services through Ebbsfleet become a reality at last.