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Water Lane, Ospringe ME13

South East

£280,000
Listed on 17/12/2025

Property Details

Bedrooms
2
Type
Semi-detached house
Area
881 sqft

Description

This captivating Grade II listed cottage, dating back to the 16th century, is a treasure trove of historical charm and character. Its rich history includes being cherished by the same family for over 80 years, adding a unique narrative to this remarkable property. Surrounded by history, including the adjacent Maison Dieu, which once served as a wayside hospital from the 13th century and is now an English Heritage site, this location offers both a picturesque setting and significant historical context. The exterior showcases traditional features such as flint and timber-framed construction, leaded diamond-pane windows, and an inviting oak front door leading straight into a cozy dining room highlighted by a cast iron fireplace. The sitting room retains much of its period charm with exposed beams and wood paneling, alongside a striking brick chimney breast housing a wood-burning stove. While the kitchen is functional with wall and floor units in place, it invites modernization that could enhance both its utility and aesthetic appeal. The utility area serves practical needs but also presents opportunities for creative reconfiguration or expansion. Upstairs are two spacious double bedrooms adorned with exposed ceiling beams and lovely windows that contribute to the home’s historic feel. Although the bathroom is currently tiled and functional, there is potential for renovation to suit contemporary tastes. The outdoor space extends through wrought iron gates into a charming garden filled with mature shrubs and colorful borders. A patio area provides an ideal setting for al fresco dining while offering ample space for expansion of outdoor living areas or even potential development of the existing outbuilding into usable space after securing necessary permissions. Situated in the scenic village of Ospringe near Faversham and within reach of Canterbury, this property not only provides access to local amenities but also opens avenues for investment through sympathetic renovations that respect its historical integrity.

Investment Analysis

(ME13 area)

Below Market Value

This property is priced -14.9% below area average per sq ft

-14.9%
Potential saving
This Property
£318/sq ft
Area Average
£373/sq ft
Avg Rent (weekly)
£297
Avg Yield
4.1%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£30,000 - £50,000
Target Value
£361,862
10% above area average per sq ft
Potential ROI
+9.7%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
33
Average per month
Market Turnover
16%
Properties sold annually

Local Market Trend (ME13)

Area prices are falling by +4.4% over the last 12 months
3 year growth: -9.0%
5 year growth: 3.9%
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

Water Lane, Ospringe ME13
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Mortgage Calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 4.19%

Current average variable rate is 6.78%

Monthly Repayments
£1,026
Based on a loan of £210,000 over 30 years at 4.19% 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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YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE