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Cheney Road, Faversham ME13 - Image 1
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Cheney Road, Faversham ME13

South East

£385,000
Listed on 01/12/2025

Property Details

Bedrooms
3
Type
Semi-detached house
Area
1061 sqft

Description

This three-bedroom family residence presents an excellent opportunity for renovation in a sought-after location near Faversham's historic town centre. The property features a welcoming hallway leading to a spacious living room that benefits from abundant natural light, flowing into a conservatory that enhances the home's appeal for family gatherings. The kitchen is equipped with existing wall and base units, alongside essential appliances such as a gas hob and an integrated electric oven. A rear lobby provides access to a downstairs WC and a potential area to create a shower room, given its existing plumbing setup. Upstairs, there are two generous double bedrooms and a good-sized single bedroom, perfect for accommodating families or guests. The bathroom includes both a corner bath and step-in shower, complemented by an additional separate WC. The expansive 90ft x 30ft rear garden offers significant potential for landscaping or children's play areas and currently includes practical storage solutions such as wooden sheds and a brick-built outbuilding. Parking space for several vehicles is available on the driveway at the front. While the home boasts UPVC double-glazed windows and gas central heating, it would greatly benefit from modernisation that could unlock its full potential as a comfortable family home. This makes it an attractive prospect for investors or homeowners keen on creating their ideal living space.

Investment Analysis

(ME13 area)

Below Market Value

This property is priced -2.8% below area average per sq ft

-2.8%
Potential saving
This Property
£363/sq ft
Area Average
£373/sq ft
Avg Rent (weekly)
£297
Avg Yield
4.1%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£25,000 - £40,000
Target Value
£435,795
10% above area average per sq ft
Potential ROI
+2.5%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
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

Cheney Road, Faversham 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
£1,410
Based on a loan of £288,750 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