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Wells Way, Faversham, Kent

South East

£295,000

Listed on 26/06/2026

Property details

Bedrooms
2
Type
Semi Detached Bungalow

Description

Situated in a desirable area close to local amenities and scenic lakes, this semi-detached bungalow presents a unique opportunity for renovation and investment. The property features a driveway and offers no onward chain, making it an appealing option for those looking to make their mark. With Faversham town centre just a short drive away, residents will enjoy easy access to independent shops and markets, along with nearby supermarkets and bus routes. The flat garden at the rear can be accessed from the lounge or through the conservatory, and there is significant potential for expanding the living space either upwards or outwards, pending necessary permissions. Overall, this bungalow stands as a promising candidate for those looking to invest in property with considerable development prospects.

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Investment analysis

(ME13 area)
Area Average
£369/sq ft
Avg Rent (weekly)
£295
Avg Yield
3.6%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£25,000 - £40,000
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
21
Average per month
Market Turnover
7%
Properties sold annually

Local Market Trend (ME13)

Area prices are stable by +1.3% over the last 12 months
3 year growth: -3.8%
5 year growth: +4.9%
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

Wells Way, Faversham, Kent
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Mortgage calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 4.45%

Current average variable rate is 6.60%

Monthly Repayments
£1,114
Based on a loan of £221,250 over 30 years at 4.45% 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

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