2-bedroom flat · ME13 8HP
For saleReduced £4.5k (−2.4%) on 23 JulListed 405 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Introducing a two Bedroom apartment with a unique layout, this two-bedroom spacious apartment boasts accommodation across two floors, offering versatile living space for any discerning individual or family.
The property includes a garage and parking space, providing convenience to the residents. This makes for a great first time buy or for a landlord to rent.
Upon entering, the main living area welcomes you with an abundance of natural light flooding through large windows, creating a bright and inviting atmosphere.
The versatile living space can be arranged however to suite you, upon entering the hallway leading to the kitchen, bathroom and a bedroom ascend the stairs to find the living room and a further bedroom.
Conveniently located close to the vibrant town centre and train station, residents can enjoy easy access to a plethora of amenities, including shops, restaurants, cafes, and public transportation.
The property's central location ensures that everything you need is within reach, making it ideal for those seeking a close town location.
Offered with no chain, this property presents an excellent opportunity for buyers looking to move in swiftly, avoiding the hassle of a lengthy buying process.
Don't miss out on the chance to make this charming two bedroom apartment your new home and experience the comfort and convenience it has to offer.
Lease :- 150 Years from 2024, Ground Rent Peppercorn, Maintenance Charge - £700 approx per annum. To be confirmed via Solicitors.
Faversham’s bustling, historic town centre is just a seven minute walk from Sommerville Close.
Faversham mainline railway station is 12 minutes on foot or two minutes by car, with services to London St Pancras, Canon Street and Victoria stations taking just over an hour.
Faversham town centre is full of independent retailers, coffee shops, pubs and restaurants, as well as a popular market held three days a week.
Held under the iconic Guildhall; Faversham Market is believed to be the oldest in Kent, having been recorded in the Domesday book in 1086.
Faversham is steeped in history with its oldest building dating back to 1234.
A lot of Faversham’s character comes from its charming architecture with buildings surviving from the medieval, Georgian and Victorian periods, through to the present day.
The town is also home to Britain’s oldest brewery – Shepherd Neame. The town contains several both ‘Good’ and ‘Outstanding’ Ofsted rated schools at both primary and secondary level.
Viewing highly recommended. To book your viewing, please contact Iliffe & Iliffe.
EPC Rating: E Kitchen (2.93m x 2.71m) Bedroom One (3.83m x 2.95m) Bedroom Two (3.82m x 2.59m) Living Room (5.00m x 3.82m) Parking - Garage Parking - Allocated Parking Parking - Garage Parking - Allocated Parking
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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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 21 Sommerville Close, Faversham
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