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Pumping Station, St Michaels Road, Sittingbourne, Kent, ME10 1AX - Image 1
Pumping Station, St Michaels Road, Sittingbourne, Kent, ME10 1AX - Image 2

Pumping Station, St Michaels Road, Sittingbourne, Kent, ME10 1AX

South East

£650,000
Listed on 24/03/2026

Property Details

Bedrooms
26
Type
Residential Development

Description

This property presents a unique investment opportunity situated on a substantial plot of approximately 1,053 sq m (12,830 sq ft) in a residential area. Currently in a derelict state, the site comes with granted planning permission from Swale Borough Council for the construction of a six-storey building comprising up to 26 individual flats. Additionally, there are conceptual plans available for an expansion that could accommodate an extra 18 flats, potentially yielding a total of 44 apartments, pending further consents. With local amenities and Milton Creek Country Park in proximity, as well as access to Sittingbourne rail station for transport links, this property is positioned favorably for redevelopment. The open site offers flexibility for landscaping and car parking arrangements required for future residents.

Investment Analysis

(ME10 area)
Area Average
£334/sq ft
Avg Rent (weekly)
£284
Avg Yield
4.7%

Renovation Potential

Heavy Refurb
Est. Renovation Cost
£800,000 - £1,200,000
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
58
Average per month
Market Turnover
46%
Properties sold annually

Local Market Trend (ME10)

Area prices are stable by -1.3% over the last 12 months
3 year growth: -3.5%
5 year growth: +18.7%
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

Pumping Station, St Michaels Road, Sittingbourne, Kent, ME10 1AX
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Mortgage Calculator

£
£
£
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years

Current average 2-year fixed rate is 4.06%

Current average variable rate is 6.81%

Monthly Repayments
£2,344
Based on a loan of £487,500 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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