1 Arden Road, Faversham, Kent, ME13 8BZ

Description

Freehold semi-detached two bedroom house. Full vacant possession. 3D Tour available.

Accommodation

First floor: Two bedrooms, bathroom/WC. Ground floor: Entrance hall, two reception rooms, kitchen, storage room. Outside: Front and rear garden.

Location

The property is situated on Arden Road. Transport links in the area are provided by London Road (A2), whilst the M2 motorway (junction 6) lies a short distance to the south. Other transport links include a rail link at Faversham and a network of local bus routes serving the surrounding vicinity. Recreational pursuits are available at King George V Recreation Ground.

Tenure / Property Information

Investment Analysis

The three recent same-road semi-detached freehold sales range from £280,000 to £340,000, with a further 2019 sale at £344,000. Property-specific differences in size, condition, parking and specification are not supplied, so a cautious evidence-based GDV range is £280,000–£344,000, with a base GDV of £320,000. The £205,000 guide is materially below these sales, but the required works and any seller-charged completion fees are unknown.

Investment Snapshot

Strategy Recommendation

Proceed only subject to inspection, legal review and confirmation of all special-condition fees. The property may suit a buy-to-let or light refurbishment strategy if condition proves sound, but the guide should not be treated as a maximum bid without works and total-cost evidence.

Works Required

No defects or condition issues are evidenced. Obtain a full inspection, 3D-tour review and contractor quotations before budgeting works. Only works identified after inspection should be allowed for; confirm heating and parking arrangements with the auction centre.

Rental & Market Context

Sold Comparables

The following completed sales were identified within approximately 5 miles:

Potential BRRR Position

At the base GDV of £320,000, 75% loan-to-value refinancing would equate to an indicative £240,000 before lender criteria, valuation variation and finance costs. The cash-left-in calculation cannot be completed because works and total acquisition costs are unsupported. The strategy requires confirmation of condition, achievable rent and refinance valuation.

Buy-to-Let Analysis

The supplied advertised asking rents are £1,200–£1,250 pcm; the midpoint implies £14,700 annual gross rent. Against the £205,000 guide, this indicates approximately 7.17% gross yield before the £1,800 contract documentation fee, works, finance, tax, maintenance, insurance and voids. Yield on total cost cannot be established because refurbishment costs and any seller fees are unknown. Asking rents are not achieved rents.

Flip Analysis

A potential resale margin exists between the £205,000 guide and the evidence-based £320,000 base GDV, but no supported refurbishment allowance, selling costs or seller-charged completion fees are available. A reliable flip surplus and maximum bid therefore cannot be calculated.

Investor Risks & Due Diligence

• Property condition and required works are not supplied.

• The supplied rents are advertised asking rents rather than achieved rents.

• The comparables may differ in size, condition, parking and specification; those differences are not evidenced.

• The seller may charge additional completion fees under the special conditions.

• Parking and heating details require confirmation from the auction centre.

• Total project cost, yield on cost and maximum bid cannot be calculated without works and fee information.

Recommendation

Proceed only subject to inspection, legal review and confirmation of all special-condition fees. The property may suit a buy-to-let or light refurbishment strategy if condition proves sound, but the guide should not be treated as a maximum bid without works and total-cost evidence.

Strategy Rating

Analysis Confidence

There is useful same-road sales and rental evidence, but no inspection-based condition report, floor area, achieved rent, refurbishment quotation, parking/heating confirmation or complete fee schedule.