2-bedroom flat · ME13 8FG
Sold STCReduced £5k (−2.8%) on 14 SepListed 97 days
Opportunity summary
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About
Description Entrance Hall I 2 Large Storage Cupboards Open Plan Lounge/Kitchen/Dining Area Bedroom 1 with En-Suite Shower Room Bedroom 2 I Bathroom Communal Gardens An excellent opportunity for first-time buyers and investors alike, this well presented two-bedroom ground floor apartment is ideally situated within easy reach of the town centre and railway station.
Faversham Recreation Ground is also just a stone throw away. Ready to move straight into, the property offers modern, low-maintenance living in a highly convenient location.
The welcoming entrance hall features two generous storage cupboards, providing excellent practical space.
At the heart of the home is a bright and airy open-plan lounge, kitchen and dining area, perfect for both relaxing and entertaining.
Large windows and two sets of French doors flood the room with natural light, while the well-appointed kitchen offers a range of wall and base units with space for white goods.
Both bedrooms are doubles, with the principal bedroom benefiting from a useful en-suite shower room.
A separate family bathroom is fitted with a white suite comprising a bath with shower attachment, wash hand basin and WC.
Further benefits include ample communal parking and a convenient ground floor position, making this an ideal home for a wide range of buyers.
Location Nestled in the heart of Kent, Faversham is a vibrant and characterful historic market town, rich in heritage and renowned for its picturesque cobbled streets and striking period architecture.
At its heart lies a thriving community, celebrated for its traditional markets, independent shops, welcoming eateries, and lively pub and music scene - all contributing to a warm and dynamic atmosphere.
Education is a key strength of the town, with highly regarded schools including Queen Elizabeth's Grammar School.
Cultural and recreational opportunities are abundant, including a theatre, both indoor and open-air swimming pools, and expansive green spaces such as the recreation ground.
The surrounding countryside, stunning Kent coastline, and the nearby city of Canterbury are all within easy reach.
High-speed rail links provide swift access to London, while excellent road connections to major motorways make commuting and travel straightforward.
With its unique combination of history, community spirit, excellent amenities, and superb transport links, Faversham offers an exceptional quality of life-a town where heritage meets opportunity and where tradition and vitality thrive side by side.
Additional Important information Title: Leasehold Term: 125 years from Dec 2007.
Current Ground Rent : £250pa for the first 25 years, increasing by £250pa every 25 years Maintenance/Service Charges: Approx. £1900 pa.
Reviewed annually Council Tax: Band B The following information has been confirmed by our client and we have not verified this information-please ensure that you verify this information before proceeding with a purchase.
Our vendor has supplied the property construction information to the best of their knowledge, but they are not surveyors and we recommend that any purchaser carries out a survey to confirm this information.
Property Construction - Brick walls and tiled roof Sewerage - Mains Waste Electricity Supply- No other supply other than mains electric Water Supply - No other supply other than mains water Heating - Gas Central Heating Broadband Type - adsl Copper wire We recommend that any prospective purchaser: Check the installation types available at the address from Openreach: Check the speed and supply or coverage at the address at Ofcom checker: Mobile Signal/coverage Our vendor is not aware of any known issues with mobile phone signal, such as areas of restricted coverage specific to the property.
We recommend that any prospective purchaser: Check the Ofcom checker to ascertain coverage availability at the property: Check with your provider as to the availability of coverage and likely speeds Take your mobile on a viewing and test at the property Parking Street Parking No permit required Communal parking Building Safety Our vendor is not aware of any known building safety issues or any planned or required works needed to rectify any identified defect/hazard Restrictions The purchaser must adhere to the terms of Whitstable Road Management Company Ltd.
Your solicitor will confirm any conditions of the lease.
Rights and Easements Our vendor is not aware of any rights of ways or easements over the property Flood/Erosion risk Our vendor confirms that the property has not flooded in the last 5 years Our vendor has confirmed that they are not aware of any known risk of coastal erosion affecting the property and its boundary Planning Permission or Proposal for Development Our vendor is not aware of the existence of any known planning permission or proposals for development, construction or change of use affecting the property and its immediate locality.
Coalfield or Mining Area Our vendor is not aware of coalfield below the property and has confirmed they are not aware of any other mining activity that could affect the property.
Identification and Anti-Money Laundering check (aml)-If an offer is accepted on a property marketed by Invicta Estate Agents, then all purchasers are required to complete id verification checks and aml checks, which is a legal obligation.
We use a specialist third-party company to carry out these checks. The fee is £60 per person (No VAT payable) to our sister company Invicta Property Management Ltd.
Please note that this charge is non-refundable and sales memorandums cannot be issued until the fee has been paid. Invicta Estate Agents are members of the The Property Ombudsman Scheme.
Council Tax Band: B (Swale Borough Council) Tenure: Leasehold (108 years) Ground Rent: £250 per year (reviewed every 25 years) Service Charge: £1,900 per year (reviewed every 1 years)
Value & comps
No previous sales on record.
Returns
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Archie refurb estimate: a Pro feature
0.0% below asking
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All investment calculators, property analyses, and AI-generated insights are for informational purposes only. Property investment carries risk and may result in financial loss. All calculations should be independently verified and you should consult with FCA-authorised financial advisors before making any investment decisions.
Past performance does not guarantee future results. Tax implications vary by individual circumstances.
Deal
Properties like this can earn 2–3x BTL yields when converted to HMO, with retrofit costs around £10k/room. Sign in to see the full tier, yield projection, and cost breakdown.
Commercial properties like this can earn 30-50% higher yields when converted to residential under Class MA / Q / P / PA, with prior approval costing ~GBP 96/unit. Sign in to see the recommended route, yield uplift, and cost breakdown.
BRRR-suited properties can recycle 80-100% of investor capital on refi, leaving a high-yielding rental with most of the money out. Sign in to see the refurb cost stack, ARV projection, and refinance maths.
Detached + large garden = sub-division play. Pro tier unlocks the tier badge, plot size, uplift estimate, and regional land benchmark.
Short-lease flats trade at deep discount, but extending under the 1993 Act often costs far less than the discount. Pro tier unlocks the tier badge, premium breakdown, long-lease ARV and arbitrage maths.
See projected short-stay revenue vs a vanilla BTL for this property.
See real sub-let margins (HMO room rates & SA nightly rates) vs the landlord rent.
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About 1 Thomas Neame Avenue, Faversham
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