5 Reedland Crescent, Faversham, Kent, ME13 7HR

Description

A three bedroom semi-detached house. The property benefits from a rear garden. In need of modernisation. Vacant.

Accommodation

Ground Floor - Reception Room, Kitchen, WC. First Floor - Three Bedrooms, WC/Wetroom.

Location

The property is situated on Reedland Crescent in the market town of Faversham, Kent. Local shops, supermarkets and everyday services are available within Faversham town centre, along with schools and community amenities. Recreational amenities include nearby parks and open spaces such as Faversham Recreation Ground. Transport links include Faversham railway station and road access via the A2 and M2.

Tenure / Property Information

Investment Analysis

The strongest evidence is the same-street semi-detached sale at £300,000 in December 2025. Older same-street sales range from £250,000 to £310,000, but are less current. A base GDV of £300,000 is therefore used, with indicative low and high scenarios of £290,000 and £310,000. The property's modernisation requirement means the exact achievable value remains subject to inspection and specification.

Investment Snapshot

Strategy Recommendation

Potential buy-to-let or light refurbishment hold, subject to a survey, a detailed works schedule and confirmation that the advertised £1,600 pcm rent is achievable. Do not rely on the apparent guide-to-GDV margin without establishing refurbishment and transaction costs.

Works Required

Modernisation of the vacant three-bedroom semi-detached house, including review and updating of the kitchen, WC/wetroom, reception room, bedrooms and general finishes. The evidence does not specify defects or provide a costed scope, so no refurbishment allowance is stated.

Rental & Market Context

Sold Comparables

The following completed sales were identified within approximately 5 miles:

Potential BRRR Position

A potential BRRR strategy is indicated by the £300,000 base GDV and a theoretical 75% refinance value of £225,000. However, refurbishment costs, acquisition costs and finance costs are not supplied, so total project cost and cash left in cannot be calculated reliably.

Buy-to-Let Analysis

At the £270,000 guide and the advertised £1,600 pcm rent, gross rent is £19,200 per year and the gross yield is approximately 7.11% before finance, voids, management, maintenance and other costs. The rent is an advertised asking rent rather than achieved passing rent. The investment case is subject to confirming the modernisation cost and achievable rent.

Flip Analysis

A resale case is suggested by the latest same-street sale at £300,000 against the £270,000 guide. A reliable flip surplus cannot be calculated because the modernisation cost, selling costs and other acquisition costs are not provided.

Investor Risks & Due Diligence

• The property is stated to be in need of modernisation, but the extent and cost of works are unknown.

• The £1,600 pcm figure is an advertised asking rent, not an achieved or passing rent.

• The base GDV relies primarily on one same-street sale from December 2025; the other comparables are older and range from £250,000 to £310,000.

• Buyer, administration, finance and selling costs are not supplied, preventing a reliable maximum bid or project surplus calculation.

• The property is vacant, so there is no existing rental income or tenancy evidence.

Recommendation

Potential buy-to-let or light refurbishment hold, subject to a survey, a detailed works schedule and confirmation that the advertised £1,600 pcm rent is achievable. Do not rely on the apparent guide-to-GDV margin without establishing refurbishment and transaction costs.

Strategy Rating

Analysis Confidence

The latest same-street sold comparable, guide price and one advertised rental listing are available, but refurbishment costs, buyer fees, achieved rent, property condition details and selling costs are not supplied.