Author Archives: swalepropertynews

Faversham needs 78 additional private rented properties per year to keep up with current and future demand from Faversham tenants. Yet over the last 5 years, Faversham has lost 77 private rented homes. What are the 5 reasons the supply of private rental properties in Faversham are falling? What does this mean for tenants andContinue reading “Faversham Rental Homes Nightmare”

The Sittingbourne housing market over the last five years has behaved oddly. Sittingbourne house prices are 23.5% higher than in 2017, even though during those five years, the British economy had the uncertainty of Brexit and the massive fall in GDP during the pandemic. Yet, a less observed trend is that the net number ofContinue reading “Sittingbourne Homeownership Rockets by1,043 Homes in the Last 5 Years“

The terraced house is one of the most familiar styles of home in Faversham (and the UK as a whole). 42.7% of Faversham people live in a terraced home, interesting when compared with the national average of 22.7%. So, what is it about the humble terraced/townhouse us Brits love so much? In this article, IContinue reading “3,661 Faversham Terraced Houses, Why are they so popular?”

In 1981, 24.5% of properties in Sittingbourne (and the Swale District as a whole) were council houses. Today, that figure stands at 2.2%, a proportional drop of 91%. Why has the number of council houses dropped so much in those 40 years? How has that changed the dynamics of the Sittingbourne property market in thoseContinue reading “91% Drop in Sittingbourne Council Houses in the Last 40 years”

342 properties have sold in the Faversham area in the last 12 months. It only takes 55 days to sell a Faversham home, so why does it take 118 days from the sold board going up to the buyer getting the keys? With a shortage of solicitors and a sub-standard conveyancing system, this article discussesContinue reading “Why Does it Take 118 Days to Get the Keys When You Buy a Faversham House?”

The average time to find a buyer for a Sittingbourne property reduced from 61 days in 2020 to 36 days in 2021. Yet still, just under 1 in 4 Sittingbourne homeowners are on the market after 12 weeks. Why are so many Sittingbourne homes still on the market after all that time, and what doesContinue reading “1 in 4 Sittingbourne Homeowners Unable to Sell”

958 homes in the Swale area are empty, which represents 1 in 67 homes. 541 of those have been empty for more than six months and are worth £158million. Why are those properties standing empty and deteriorating and why could that become an issue for the whole of Swale? A couple of weeks ago wasContinue reading “1 in 67 Homes are Sitting Empty in the Swale Area”

The energy bills of every Faversham resident will rise in April as the price cap increases to account for the global increase in the cost of gas. Those not on the gas mains will still be hit as the UK uses gas to make 45% of its electricity. So, what can Faversham residents do toContinue reading “Faversham Household Heating Bills Set to Rise to £13,543,537 in 2022”

48% drop in the number of properties for sale in Sittingbourne in the last 12 months. 208 Sittingbourne homes have sold (stc) in the last three months alone, taking the time from the ‘for sale board’ going up to sale agreed to a median of 29 days. The £200k to £300k price range in SittingbourneContinue reading “Why Are There So Few Sittingbourne Homes For Sale?”

Some Faversham landlords face bills of between £11,000 to £14,000 as Michael Gove, the Housing Minister, declared an attack on poor quality private rental homes. 264 Faversham rental properties will require upgrading. The Government announced in their ‘Levelling Up’ White Paper last week they plan to introduce a new minimum standard for private rental properties.Continue reading “264 Faversham Landlords Could Be Hit With £14k Bills and Red Tape in Tory ‘Levelling Up’ Plans”