2-bedroom flat · ME13 8AD
For saleReduced £9.5k (−5%) on 12 AugListed 270 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
This nicely proportioned first floor apartment offers an excellent opportunity for those seeking comfortable and convenient living within close proximity to the town centre and train station.
The property features two generously sized bedrooms, both of which benefit from an abundance of natural light and provide ample space for storage and furnishings.
The inviting living room and dining area is perfectly suited for both relaxation and entertaining, with a practical layout that accommodates a variety of furniture arrangements (ideal for modern lifestyles).
The separate kitchen is thoughtfully designed to maximise both workspace and storage, with a range of fitted units and integrated appliances that make meal preparation straightforward and enjoyable.
The bathroom is finished to a high standard, featuring contemporary fixtures and fittings, as well as a full-size bath with overhead shower.
Additional benefits include double glazing throughout, efficient electric heating, and secure entry via an intercom system, ensuring peace of mind for residents.
The property is situated in a central location and excellent transport links, making it an ideal choice for commuters and those who wish to enjoy the amenities of the town centre.
The nearby train station provides regular and direct services to a variety of destinations, while a selection of shops, cafes, and restaurants are just a short walk away, offering a vibrant lifestyle right on your doorstep.
The apartment also enjoys access to a communal garden at the rear (ideal for socialising or relaxing during the warmer months), and residents benefit from well-kept communal areas that are maintained to a high standard.
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 property is a short walk to the mainline Faversham train station, which offers services to London, Canterbury, Whitstable and Dover.
And is centrally located to the town and all it has to offer, there are nearby bus stops, supermarket and ease of access to motorway links.
The town contains several ‘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: D Living Room (4.21m x 3.79m) Kitchen (3.40m x 2.11m) Bedroom One (4.09m x 2.36m) Bedroom Two (3.79m x 1.92m) Parking - Off Street
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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FAQ
About Flat 3, 15 East Street, Faversham
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