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St Catherines Drive, Faversham ME13 - Image 1
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St Catherines Drive, Faversham ME13

South East

£550,000
Listed on 26/01/2026

Property Details

Bedrooms
3
Type
Detached house
Area
1440 sqft

Description

This plot presents a rare investment opportunity with full planning permission already secured for the construction of three detached homes, each featuring three bedrooms and allocated parking. Located in a peaceful residential area of Faversham, Kent, the site benefits from a level terrain with established boundaries, making it ready for immediate development. Each proposed dwelling is designed to harmonize with the local character while providing spacious layouts, catering to modern family needs. The favorable location on St Catherines Drive ensures close proximity to essential amenities, excellent schools, and transport links, further enhancing its attractiveness for prospective buyers. This property is ideal for developers looking to capitalize on the growing demand for housing in this historic market town. Faversham’s unique blend of charm and convenience enhances the resale potential of completed homes in this sought-after neighborhood.

Investment Analysis

(ME13 area)

Above Market Value

This property is priced +2.4% above area average per sq ft

+2.4%
This Property
£382/sq ft
Area Average
£373/sq ft
Avg Rent (weekly)
£311
Avg Yield
4.0%

Renovation Potential

Heavy Refurb
Est. Renovation Cost
£180,000 - £250,000
Target Value
£590,832
10% above area average per sq ft
Potential ROI
-26.1%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
30
Average per month
Market Turnover
32%
Properties sold annually

Local Market Trend (ME13)

Area prices are stable by -1.1% over the last 12 months
3 year growth: -7.3%
5 year growth: +4.2%
Investment Disclaimer: Analysis based on ME13 area averages and may not reflect property-specific factors like condition, exact location, or unique features. Any renovation cost estimates provided are AI-generated and should be considered indicative only. 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

St Catherines Drive, Faversham ME13
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Mortgage Calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 4.06%

Current average variable rate is 6.81%

Monthly Repayments
£1,984
Based on a loan of £412,500 over 30 years at 4.06% interest

These results are estimates and are only intended as a guide. Make sure you obtain accurate figures from your lender before committing to any mortgage. Your home may be repossessed if you do not keep up repayments on a mortgage.

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