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See how verdicts work2-bedroom flat · ME13 7ED
Listing removedListed 271 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Summary A fantastic two bedroom ground floor apartment for those over 60's set in the popular Gange Mews development in the heart of Faversham with small terrace area to front plus courtyard gardens and communal facilities to enjoy.
Being sold with no onward chain.
Description Connells are delighted to offer to the market this fantastic two-bedroom, ground floor apartment set in the sought-after private retirement development of Gange Mews, conveniently located in the heart of the historic town of Faversham.
The self-contained, leasehold property is available exclusively to those over 60 years of age and is being offered with no onward chain.
This well-presented home offers everything you could wish for - a cosy kitchen area, a generous lounge with patio doors opening onto the sunny, beautifully maintained communal gardens, two spacious bedrooms and plenty of built-in storage.
The property features safety pull-cord alarms throughout and an on-site Scheme Manager is available during the week.
A host of in-house services and facilities is available, including a lounge and laundry room, and a guest apartment can be reserved, subject to demand.
Communal parking for visitors and residents lies directly outside the development.
Faversham High Street is a stone's throw from the property, offering a wide range of shops and local amenities, and London and the Kent coast are easily accessible from Faversham train station, just a short walk away.
Auctioneer's Comments This property is offered through Modern Method of Auction. Should you view, offer or bid your data will be shared with the Auctioneer, iamsold Limited.
This method requires both parties to complete the transaction within 56 days, allowing buyers to proceed with mortgage finance (subject to lending criteria, affordability and survey).
The buyer is required to sign a reservation agreement and make payment of a non-refundable Reservation Fee of 4.5% of the purchase price including VAT, subject to a minimum of £6600.00 including VAT.
This fee is paid in addition to purchase price and will be considered as part of the chargeable consideration for the property in the calculation for stamp duty liability.
Buyers will be required to complete an identification process with iamsold and provide proof of how the purchase would be funded.
The property has a Buyer Information Pack containing documents about the property.
The documents may not tell you everything you need to know, so you must complete your own due diligence before bidding.
A sample of the Reservation Agreement and terms and conditions are contained within this pack. The buyer will also make payment of no more than £349 inc. VAT towards the preparation cost of the pack.
Please confirm exact costs with the auctioneer. The estate agent and auctioneer may recommend the services of other providers to you, in which they will be paid for the referral.
These services are optional, and you will be advised of any payment, in writing before any services are accepted. Listing is subject to a start price and undisclosed reserve price that can change.
Communal Entrance Security entry phone system Apartment Accommodation Entrance Hall Lounge Kitchen Bedroom One Bedroom Two Shower Room Outside Communal Areas Access To Resident's Lounge Laundry & Storage Guest Room available subject to availability Courtyard Garden We currently hold lease details as displayed above, should you require further information please contact the branch.
Please note additional fees could be incurred for items such as leasehold packs. 1.
Money laundering regulations - Intending purchasers will be asked to produce identification documentation at a later stage and we would ask for your co-operation in order that there will be no delay in agreeing the sale.
2: These particulars do not constitute part or all of an offer or contract. 3: The measurements indicated are supplied for guidance only and as such must be considered incorrect.
4: Potential buyers are advised to recheck the measurements before committing to any expense.
5: Connells has not tested any apparatus, equipment, fixtures, fittings or services and it is the buyers interests to check the working condition of any appliances.
6: Connells has not sought to verify the legal title of the property and the buyers must obtain verification from their solicitor.
Value & comps
No previous sales on record.
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Returns
Set an offer; the calculator follows it.
We're still gathering serviced-accommodation data for this area.
Archie refurb estimate: a Pro feature
0.0% below starting price
This is not financial or investment advice. Prop AI Deals is not authorised by the Financial Conduct Authority (FCA) to provide investment advice.
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 advisers 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.
Area
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FAQ
About 44, Gange Mews, Faversham
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