Project Wicket - Fernham Homes_Property for Sale
Project Wicket - Fernham Homes_Property for Sale
Love Lane, Faversham, ME13 8YJ, UK

Project Wicket - Fernham Homes

Asset Description

  • JLL, working exclusively on behalf of Fernham Homes is pleased to present a single-family housing (SFH) build to rent (BTR) forward funding opportunity, in Faversham, Kent.  

  • On completion the development will comprise 91 dwellings, with an aggregate NSA of 97,854 sq ft (avg. dwelling size of 1,075 sq ft). The unit mix is weighted towards three-bedroom houses (66 units / 72.5%), with the remaining 25 units comprising efficiently sized four bedrooms (avg. dwelling size 1,256 sq ft). 

  • First completions are scheduled for May 2025, with the last unit handover in July 2027 (4 plots per month). Our client will be happy to discuss an accelerated build programme to suit investor requirements. 

  • Fernham Homes are a privately owned housebuilder, headquartered in West Malling, Kent and operating in the South-East of England. Sean Ellis (formerly a Board Director at Berkley Group) has led the company’s ambitious growth, which has seen staffing numbers triple to a head count of 30 in the past 12 months.

  • Further illustrating the rapid growth of Fernham, is the depth of their Landbank, with future opportunities such as Blean on the northern outskirts of Canterbury (59 units) being brought forward in the next few months. A further five sites (388 units) in the South East are also appropriate for SFH and are within Fernham’s control.

  • Commensurate with Fernham Homes’ ambitious growth plans, the acquisition of the Faversham will offer the incoming investor an opportunity to create a long-term strategic partnership with our Client, who have a significant development pipeline and are building into their business model the additionality (in terms of plot sales) that institutional grade SFH investment offers.


Building area net
54,607 sf
Year built
Number of units
91 units
Call for offers


Investment Highlights

  • Exciting opportunity to acquire 91 high quality family houses in Faversham Kent on a forward fund basis, with unit handovers scheduled to begin in May 2025.

  • Faversham is a market town in Kent, England, 8 miles from Sittingbourne, 48 miles from London and 10 miles from Canterbury, next to the Swale, a strip of sea separating mainland Kent from the Isle of Sheppey in the Thames Estuary.

  • Benefiting from excellent transport communications (road and trains), the town's connectivity and excellent schooling make it highly desirable for a wide rental demographic.

  • Strong demographic story in local area: 37% of local population earn enough to afford ERVs, 19.5x (no of units) as many PRS households within 3km of site than can afford to rent 4 beds, 37% weighted average rent as a % of gross income.

  • The investor will have the ability to input into the design of Phase 2 of the scheme to include unit mix and type (scheme currently optimised for 52 units), as well as the specification and finish of all 91 units.

  • JLL have underwritten a Gross Annual Rent of £1,898,700, equating to £19.40 per sq ft, with individual rents ranging from £1,650 pcm to £1,950 pcm.

  • The 91 units have an indicative OMV of £38,690,000 (£395 per sq ft).

Project Wicket - Fernham Homes 4_Property for Sale
Project Wicket - Fernham Homes 4_Property for Sale

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Project Wicket - Fernham Homes (0 Properties)

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Last updated
16 May 2024