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Bricks&Logic is a trading name of Urban Markets Ltd
Company No. 11113204
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VAT No. GB 287 0845 68
Registered Address: 2 Leman St, London E1 8FA
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Studio Flat, Old Postmasters House 6, Faversham is recorded publicly as a period leasehold apartment across 807 ft2 of internal area.
Locally, apartments of this size normally have 2 bedrooms with a garden.
Our estimate of the sale value of Studio Flat, Old Postmasters House 6, Faversham is £219,574 and its rental estimate is £1,008 per month, given the available information and assuming reasonable condition.
Old Postmasters House, East Street is a residential building on East Street, Faversham, ME13 and falls within the ME13 postal district and the borough of Swale.
Studio Flat, Old Postmasters House 6, Faversham has 3 entries in the Land Registry , most recently in January 2021 and a single entry in the EPC database dated October 2022.
We combine this information with that of neighbouring properties to estimate the property attributes and values.
The local information is scored as 3 out of 5 and is considered of medium accuracy.
The condition of a property plays an important role in determining its value, with the degree of impact varying by property type, size and location.
For Studio Flat, Old Postmasters House 6, Faversham, we estimate a market value of £230,553 and a rental value of £1,058 per month when presented in very good decorative order. Should the property require extensive cosmetic improvement, those figures would reduce to £204,204 and £937 per month respectively.
Over the last year, Studio Flat, Old Postmasters House 6, Faversham has seen its estimated sale value move down by £6,465 (2.9%) and its estimated rental value increase by £19 per month (1.9%). This results in an estimated gross rental yield of 5.5%.
Studio Flat, Old Postmasters House 6, Faversham has an Energy Performance Rating (EPC) of E. This is based on the most recent assessment, dated 05 Oct 2022.
The property is not connected to mains gas and has fully double glazed windows. It is heated using Room heaters, electric.
The most recent sale of Studio Flat, Old Postmasters House 6, Faversham completed on 15th January 2021 at £225,000 and was recorded by HM Land Registry as a leasehold flat.
Since 1995 the property has sold 3 times.
Values of comparable properties have risen by 3.1% over the period since January 2021.
Over the past 2 years 3 properties similar to Studio Flat, Old Postmasters House 6, Faversham have sold within a radius of 480 metres, per the Land Registry and our network of Estate Agents.
The latest, on the 25th May 2023, was 120, William Gibbs Court, Faversham, ME13 8RP, a leasehold flat which sold for £255,000.
Read more about house prices in ME13.
•Nearby is defined as the radius comprising the nearest 2,000 addresses.
Of the 115 addresses on East Street, Faversham, ME13, Studio Flat, Old Postmasters House 6, Faversham comes out as the 29th largest and the 34th most expensive in our analysis of the public data.
It is also £146k less expensive than the average property across the ME13 district.
From Studio Flat, Old Postmasters House 6, Faversham, the nearest station is Faversham, 400 metres away.
Broadband here reaches superfast speeds, based on recent Ofcom data.
According to recent data from Ofcom, Superfast broadband is available in the area.
The flood risk here is rated very low, based on Environment Agency data.
The recent census recorded whether a resident owned or rented their home.
In the area around Studio Flat, Old Postmasters House 6, Faversham, 47.1% of property is privately owned outright and 39.7% is privately rented.
The graph below shows how this compares to South East and the rest of England & Wales.
The recent census recorded the highest level of education achieved by residents in the local area.
In the area around Studio Flat, Old Postmasters House 6, Faversham, 3.7% of residents are recorded as possessing school level qualifications and 38.3% as possessing degree level qualifications.
The graph below shows how this compares to South East and the rest of England & Wales.
The most recent census in 2021 recorded the age of all UK residents.
In the area around Studio Flat, Old Postmasters House 6, Faversham, the average age was 42.8 and the most common age was 57.
The graph below shows how this compares to South East and the rest of England & Wales
The recent census recorded whether a property was a primary or secondary home for the resident.
In the area around Studio Flat, Old Postmasters House 6, Faversham, 2.0% of property was a second home.
Comparison figures for South East and the rest of England & Wales are listed below.
The recent census recorded the number of cars registered in each household.
In the area around Studio Flat, Old Postmasters House 6, Faversham, there are an average of 0.7 cars per household.
See below for how this compares to South East and the rest of England & Wales.
