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Lower Road,East Farleigh,Maidstone,ME15 0JL - Image 1
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Lower Road,East Farleigh,Maidstone,ME15 0JL

South East

£750,000
Listed on 16/12/2023

Property Details

Bedrooms
3
Type
Detached house
Area
3089 sqft

Description

This distinctive property presents a notable renovation and investment opportunity in a charming village nestled within the Kent countryside. Its Gothic architectural style and historical significance make it a unique find, currently operating as a blend of commercial and residential space, offering considerable potential for various uses. The property comes with planning approval to transform the first floor into residential accommodation while maintaining the ground floor as a community or events venue. Renovation work is already in progress, showcasing the property’s capacity for further development. Prospective buyers can find detailed planning information on the Maidstone Borough Planning website under 'The Old School Hall, Lower Road, East Farleigh.' This Grade II listed Ragstone building overlooks picturesque views of the River Medway Valley and is located adjacent to an imposing church that enhances its character. The ground floor features an expansive events room exceeding 54 feet in length, complemented by a communal kitchen and an inviting cloakroom enriched by natural light from an adjacent atrium. Accessed via a separate entrance, the upper level includes partially completed residential space featuring another large room of comparable size, as well as rooms designated for kitchen and bathroom use, along with stairs leading to a mezzanine bedroom with an en-suite shower room. In total, this property offers approximately 3,086 square feet of versatile accommodation. Retaining numerous original features, this property benefits from abundant natural light streaming through its windows, creating warm and welcoming interiors. Outside, there is ample parking available for several vehicles along with access to a communal courtyard that boasts views over the adjoining church and river valley—a particularly stunning sight at sunset. East Farleigh lies just two miles from Maidstone's city center, which holds historical significance as Kent's county town. The village itself is steeped in history, featuring a Grade I listed bridge dating back to the 14th century. Residents benefit from convenient transport links via road and rail to Maidstone and surrounding areas. Additionally, there are local amenities including a village school that make it appealing for families looking to settle in this tranquil environment. This property represents an exceptional chance for those seeking something truly unique with significant character and substantial potential for transformation.

Investment Analysis

(ME15 area)

Below Market Value

This property is priced -34.9% below area average per sq ft

-34.9%
Potential saving
This Property
£243/sq ft
Area Average
£373/sq ft
Avg Rent (weekly)
£307
Avg Yield
4.1%

Renovation Potential

Est. Renovation Cost
£75,000 - £187,500
10-25% of property value
Target Value
£1,267,247
10% above area average per sq ft
Potential ROI
+35.2%
After renovation
Monthly Sales
39
Average per month
Market Turnover
38%
Properties sold annually

Local Market Trend (ME15)

Area prices are rising by +5.5% over the last 12 months
3 year growth: 1.3%
5 year growth: 17.6%
Investment Disclaimer: Analysis based on ME15 area averages and may not reflect property-specific factors like condition, exact location, or unique features. Renovation costs vary significantly based on property condition and scope of work. Always conduct professional surveys and get multiple quotes before making investment decisions.

Location

Lower Road,East Farleigh,Maidstone,ME15 0JL
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