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Sommerville Close, Faversham, Kent ME13 - Image 1
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Sommerville Close, Faversham, Kent ME13 - Image 6

Sommerville Close, Faversham, Kent ME13

South East

£100,000

Listed on 08/05/2026

Property Details

Bedrooms
N/A
Type
Studio

Description

This ground floor studio apartment, located just moments from the heart of Faversham and its mainline station, presents an appealing prospect for renovation enthusiasts. With allocated parking and a private rear garden, this property is ripe for transformation, offering a solid investment opportunity for first-time buyers and commuters alike. The layout includes a kitchen, a separate bathroom, and a versatile lounge/diner/bedroom area that can be refreshed to suit modern living standards. Benefiting from a share of the freehold, this space has significant potential for improvement and rental yield enhancement.

Investment Analysis

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

Renovation Potential

Medium Refurb
Est. Renovation Cost
£15,000 - £25,000
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

Sommerville Close, Faversham, Kent ME13
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Mortgage Calculator

£
£
£
%
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years

Current average 2-year fixed rate is 4.45%

Current average variable rate is 6.60%

Monthly Repayments
£378
Based on a loan of £75,000 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

Price History

-20.0% since listed
£100,000£10,000(-9.1%)
21/05/2026
Current price
£110,000£15,000(-12.0%)
09/04/2026
£125,000Initial listing
26/03/2026

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