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Water Lane, Ospringe

South East

£250,000
Listed on 31/12/2025

Property Details

Bedrooms
2
Type
Semi-detached house
Area
881 sqft

Description

This distinctive Grade II listed cottage, echoing the charm of the 16th century, presents an intriguing opportunity for renovation and investment. Having been cherished by the same family for over 80 years, this property holds a wealth of historical character, featuring notable elements such as flint and timber-framed construction along with traditional leaded diamond-pane windows. Its proximity to the neighbouring Maison Dieu—once a 13th-century wayside hospital—adds further historical value to its location. The exterior showcases a classic appearance with bare render and exposed timber framing, complemented by a Kent peg tiled roof. Inside, the home retains many original features, including a cast iron fireplace in the dining room that connects to the kitchen via a hatch. The sitting room is infused with rustic charm, highlighted by exposed beams and wood panelling surrounding an impressive exposed brick chimney breast. While the kitchen is functional, it offers significant potential for modernisation to better suit contemporary lifestyles. An additional boot room/utility area adds practicality to daily living alongside a conveniently placed WC. The staircase leads to a spacious galleried landing which could easily serve as a small study area. Upstairs boasts two generously sized double bedrooms with charming period details and secondary glazing for improved comfort. The bathroom is fully tiled but could benefit from updating alongside the separate WC. Outdoors, access through a wrought iron gate opens into a picturesque cottage garden that requires some landscaping attention but offers delightful potential for enhancement. An outbuilding at the end of the garden currently serves as storage but presents an exciting opportunity for conversion into additional living space or leisure use, subject to permissions. Located within Ospringe village on the edge of Kent Downs, this property has easy access to local amenities in Faversham and enjoys excellent transport links to London and beyond. This residence not only invites personal touches through renovation but also stands as an attractive investment in an area rich in history and natural beauty.

Investment Analysis

(ME13 area)

Below Market Value

This property is priced -23.9% below area average per sq ft

-23.9%
Potential saving
This Property
£284/sq ft
Area Average
£373/sq ft
Avg Rent (weekly)
£311
Avg Yield
4.0%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£30,000 - £50,000
Target Value
£361,474
10% above area average per sq ft
Potential ROI
+20.5%
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

Water Lane, Ospringe
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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
£902
Based on a loan of £187,500 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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