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Grovehurst Cars, King Street, Sittingbourne, Kent, ME10 - Image 1
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Grovehurst Cars, King Street, Sittingbourne, Kent, ME10

South East

£900,000
Listed on 14/04/2026

Property Details

Bedrooms
N/A
Type
Storage

Description

This freehold land presents a prime opportunity for development in Sittingbourne, Kent. Spanning approximately 0.55 acres, the property currently operates as a car sales facility and consists of a spacious open storage yard that is securely fenced and features gated access. Essential utilities such as electricity, water supply, and drainage are available on-site, enhancing its viability for various commercial uses including car sales, parking/storage solutions, or open storage yards. With potential for residential redevelopment subject to planning permission (STPP), this site offers flexible options for investors looking to capitalize on growth in the area. Additionally, it is noteworthy that part of the property is leased to a telecommunications provider at a nominal rent. This aspect may provide an added incentive for future developments while maintaining an income stream during planning phases.

Investment Analysis

(ME10 area)
Area Average
£336/sq ft
Avg Rent (weekly)
£279
Avg Yield
4.7%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£60,000 - £120,000
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
54
Average per month
Market Turnover
16%
Properties sold annually

Local Market Trend (ME10)

Area prices are stable by -0.6% over the last 12 months
3 year growth: -3.8%
5 year growth: +17.9%
Investment Disclaimer: Analysis based on ME10 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

Grovehurst Cars, King Street, Sittingbourne, Kent, ME10
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Mortgage Calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 3.91%

Current average variable rate is 6.62%

Monthly Repayments
£3,188
Based on a loan of £675,000 over 30 years at 3.91% 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.

Stamp Duty Calculator

This calculation uses non-residential (land/commercial) tax rates.

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