5 Reedland Crescent, Faversham, Kent

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. Transport Faversham - southeastern.

Tenure / Property Information

Investment Analysis

The strongest evidence is the directly comparable semi-detached sale at 2 Reedland Crescent for £300,000 in December 2025. Other same-street sales range from £250,000 to £310,000 but are older. A base GDV of £300,000 is used, subject to the property's modernisation requirement and condition being confirmed. The £270,000 guide is 90% of the base GDV before buyer fees, VAT and works.

Investment Snapshot

Strategy Recommendation

Do not bid on investment economics alone until a viewing, building survey, refurbishment quotation, auction legal pack and complete fee schedule are reviewed. The guide may offer gross value headroom, but the evidence is insufficient to set a safe maximum bid.

Works Required

Modernisation of the house as required, based on the auction description. The evidence does not specify individual defects, fixtures, services or structural issues, so no detailed scope or cost allowance can be supported.

Rental & Market Context

Sold Comparables

The following completed sales were identified within approximately 5 miles:

Potential BRRR Position

At the £270,000 guide, the property is vacant and requires modernisation, but refurbishment costs, buyer charges and VAT treatment are unknown. A 75% refinance of the £300,000 base GDV would be £225,000; cash required cannot be calculated without total project cost.

Buy-to-Let Analysis

A reliable BTL assessment cannot be completed. The only rental evidence supplied is an advertised £1,900 pcm listing in Thame, which is not evidenced as comparable to Faversham and is therefore excluded. No relevant rent, refurbishment cost or buyer-fee data is available.

Flip Analysis

The supported GDV range is £250,000 to £310,000, with a £300,000 base case. A resale surplus cannot be calculated because refurbishment, purchase, buyer, VAT and selling costs are not supplied. The £270,000 guide leaves limited gross headroom against the base GDV before those costs.

Investor Risks & Due Diligence

• The property is described as needing modernisation, but the extent and cost of works are unknown.

• Buyer fees are not stated and VAT may apply; seller charges are also unknown pending the Special Conditions of Sale.

• No relevant Faversham rental evidence is supplied, so rental yield cannot be established.

• The comparable evidence includes older sales with a wide £250,000 to £310,000 range.

• The guide price is not a total acquisition cost.

Recommendation

Do not bid on investment economics alone until a viewing, building survey, refurbishment quotation, auction legal pack and complete fee schedule are reviewed. The guide may offer gross value headroom, but the evidence is insufficient to set a safe maximum bid.

Strategy Rating

Analysis Confidence

There is a recent same-street completed sale and several older comparables, but no verified refurbishment costs, relevant local rental evidence, buyer/admin fees, VAT outcome or detailed condition information.