Water Lane, Ospringe
South East
£600,000
Listed on 11/09/2026
Listed on 11/09/2026
The listing
Property details
Bedrooms
N/AType
PlotDescription
A freehold development site of approximately 3.7 acres in Ospringe, near Faversham, with full planning permission for six homes arranged around a central courtyard. The approved scheme comprises four four-bedroom houses and two three-bedroom houses, with parking barns, cycle and bin storage, a new access from Water Lane, and communal and community open space. Part of the open space fronting Water Lane is to be transferred to Faversham Town Council.
WHOTS analysis
Our WHOTS verdict
An internal assessment of the opportunity to acquire, improve and create value.
35out of 100
Grade ELow opportunity
Confidence: LOW
This is a substantial development opportunity rather than a renovation of an existing home: the 3.7-acre site has full planning permission for six barn-style dwellings, arranged around a courtyard with parking barns and community open space. Its village setting near Faversham, the clearly defined site boundary and the proposed mix of three- and four-bedroom houses give the scheme a distinctive starting point, but the aerial image does not allow the existing buildings’ condition to be assessed. Planning documents and deliverability should be verified. The £600,000 asking price cannot yet be judged against local £/sqf because floor area is missing.
Key opportunities
- Deliver the consented six-dwelling courtyard scheme, with a mix of four- and three-bedroom homes and three parking barns.
- Shape a substantial site with open land, landscaped communal space and a permissive footpath link into a distinctive village development.
- The aerial view makes the site boundary and existing agricultural-style buildings clear, providing a starting point for assessing the proposed layout on site.
Key risks
- A heavy, ground-up development programme across a 3.7-acre site — allow for substantial time, coordination and capital rather than a cosmetic refresh.
- The aerial image is not detailed enough to assess the existing buildings’ roof or structural condition; verify these on site.
- Confirm the planning documents, discharged conditions, access works and scheme deliverability before proceeding.
Unlock the full analysis
Sign up to see the refurb profile, below-market value, yields, and local market trends for this and every other property that has them.
Sign up freeAlready have an account? Sign in
Interested in similar properties?
Create an alert and we'll notify you when similar renovation opportunities are listed.
Transport
Nearest stations
Faversham Rail Station
1.0 miles
Train · Faversham
Teynham Rail Station
3.2 miles
Train · Teynham
Selling Rail Station
3.8 miles
Train · Selling
Sittingbourne Rail Station
6.3 miles
Train · Sittingbourne
Contains public sector information from NaPTAN (DfT) licensed under the Open Government Licence v3.0.
Finance
Mortgage calculator
Illustrative repayments based on the asking price, not a mortgage offer.
£
£
£
%
%
years
Current average 2-year fixed rate is 5.13%
Current average variable rate is 6.58%
Monthly Repayments
£2,452
Based on a loan of £450,000 over 30 years at 5.13% 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.
Tax
Stamp duty calculator
Indicative tax based on the asking price and the options you select.
This calculation uses non-residential (land/commercial) tax rates.
Services
Next steps
Explore services to help you with this property purchase.
Get help with this property
Financing, surveys and more – choose a service and we’ll connect you with our trusted partners.
Nearby
Similar properties
Other listings you may want to compare.
