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Shared Ownership Valuation

Shared Ownership Valuation in Faversham ME13

RICS compliant valuations for shared ownership properties. Required for staircasing, remortgaging, or selling your share.

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Shared Ownership Valuations in Faversham

If you own a shared ownership property in Faversham ME13, you'll need a RICS qualified valuation for any staircasing request, remortgage, or when selling your share on the open market. Our team of RICS registered valuers provide independent valuations that meet all housing association requirements across Kent and the South East. We understand the unique nature of shared ownership schemes and ensure our reports satisfy every requirement your provider demands.

Faversham's shared ownership market has grown significantly in recent years, with new developments like Love Lane launching shared ownership homes in early 2026. looking to buy additional shares in your current property or need a valuation for remortgaging purposes, we deliver fast turnaround times and compliant reports that housing associations accept. Our local knowledge of the ME13 property market ensures accurate valuations backed by comprehensive market analysis using comparable properties from across Faversham and surrounding Kent villages.

The ME13 postcode covers Faversham and surrounding areas, with property values varying considerably by location and type. From period properties in the historic town centre to modern homes on new estates, our valuers understand what drives value in each segment. We factor in local market conditions, recent sales data, and development activity to produce valuations that stand up to scrutiny from housing associations and mortgage lenders alike.

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Faversham Property Market Overview

£388,072

Average House Price

+0.34%

12-Month Price Change

385

Property Sales (12 months)

£580,152

Detached Average

£334,720

Terraced Average

£190,000

Flat Average

What Our Shared Ownership Valuations Cover

Our RICS qualified valuers conduct thorough inspections of your shared ownership property, assessing the current market value of both the full property and your specific equity share. The valuation report includes detailed comparable evidence from similar properties in the ME13 area, ensuring your housing association receives an accurate valuation that meets regulatory requirements. We measure room dimensions, assess condition, and evaluate any improvements you've made since purchase, documenting everything with photographs as evidence.

The report satisfies requirements from all major housing associations and follows RICS Red Book valuation standards. staircasing to own a larger share, remortgaging to secure better rates, or selling your share on the open market, our valuation provides the official documentation you need. Many clients in Faversham have used our reports successfully with housing associations including Clarion, Orbit, and other providers operating in Kent. We understand the specific forms and formats each association requires and tailor our documentation accordingly.

We understand that shared ownership valuations differ from standard mortgage valuations because they require valuation of the total property value as well as the percentage share you currently own. Our valuers calculate the market value of your equity share based on current market conditions in Faversham, considering factors such as the popularity of the development, lease terms, and recent sales of similar shared ownership properties in the area. This dual approach ensures you have clarity on both your current position and the value of any additional shares you wish to purchase.

Our inspection covers all aspects relevant to valuation, including the condition of the structure, any alterations or improvements you've made, and the overall standard of fit-out and fixtures. We note features that add value, such as modern kitchens or bathrooms, as well as any issues that might affect market value, such as required repairs or maintenance. This comprehensive approach results in a valuation report that accurately reflects your property's worth ME13 market.

Local Expertise in ME13 Shared Ownership

Faversham presents a unique shared ownership market with properties ranging from modern developments to historic conversions. Our valuers understand the local nuances that affect property values in ME13, from the proximity to Faversham Creek and its flood risk considerations to the charm of period properties in conservation areas. We factor in all local variables when producing your valuation report, ensuring accuracy that reflects real market conditions.

The town has seen significant new build activity, with developments like Preston Fields and Faversham Lakes adding modern stock to the market. Preston Fields, built by Redrow on Canterbury Road, offers three to five bedroom homes priced from £370,000 to £760,000 with eco-friendly features including air source heat pumps. Faversham Lakes on Ham Road provides a range of property types from the Birch semi-detached to the larger Balmoral and Hampstead homes. These factors, combined with Faversham's excellent transport links via the M2 and direct trains to London St Pancras, influence property values significantly.

Our local expertise means we can provide comparable evidence that reflects the true market position of your property. We track recent sales across ME13 closely, including variations in different postcode sectors. For instance, ME13 8TP has shown strong growth of 68% over the previous year, while other areas like ME13 8FW have seen declines. This granular understanding of local market dynamics enables us to produce valuations that are defensible and accurate.

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Average Property Prices in ME13 by Type

Detached £580,152

Semi-detached £382,546

Terraced £334,720

Flat £190,000

Source: Rightmove 2024

How Our Valuation Process Works

Book Online or Call

Choose your preferred date and time using our online booking system or speak directly to our team. We'll confirm your appointment within hours and send detailed instructions about what to expect. Our flexible scheduling means we can usually accommodate inspection times that suit your availability, including evening and weekend appointments where possible.

Property Inspection

Our RICS valuer visits your Faversham property at the agreed time. They photograph each room, measure the property, note improvements, and assess overall condition. The inspection typically takes 30-45 minutes for a standard residential property. Our inspector will examine the exterior, all rooms, the loft space if accessible, and any garages or outbuildings included in the sale.

Market Analysis

We research recent sales of comparable properties in ME13 and surrounding areas. Our valuers analyse current market conditions, property type preferences, and local demand factors specific to Faversham. This includes reviewing sales data from Rightmove, Zoopla, and Land Registry, as well as our own database of local transactions. We cross-reference multiple data sources to ensure our comparable evidence is robust.

Report Delivery

Your RICS compliant valuation report is typically delivered within 3-5 working days of the inspection. We can expedite this if required for time-sensitive staircasing deadlines. The report includes the full property valuation, your equity share valuation, comparable evidence, and all documentation required by your housing association. We deliver reports electronically via email, with hard copies available on request.

Staircasing Deadlines

If you're staircasing to increase your ownership share, check with your housing association for any deadlines. Our fast turnaround times help ensure you meet required timescales. Many clients in Faversham have tight deadlines for staircasing windows, and our efficient service ensures you never miss these important dates. We offer express services for urgent requirements, including 24-48 hour turnaround where feasible.

Faversham's Shared Ownership Landscape

Faversham's housing market has evolved considerably, with shared ownership becoming an increasingly popular route to homeownership in ME13. The upcoming Love Lane development, launching shared ownership homes in early 2026, demonstrates continued growth in affordable housing options across the area. Properties range from period conversions in the town centre to modern homes on new estates, each requiring specialist valuation approaches. The town's historic character, with around 500 listed buildings, adds complexity to the valuation process as period properties often command premium prices.

The average property price in ME13 stands at approximately £388,072, with terraced properties dominating recent sales. This creates varied opportunities for shared ownership buyers, with properties available at different price points depending on location, type, and condition. Our valuers understand how these factors interact and impact both total property value and equity share valuations. The market has remained relatively stable over the past year, with overall prices similar to the previous year and the 2022 peak of £391,890.

Flood risk considerations affect certain areas of Faversham, particularly near Faversham Creek. While flood risk is very low for any given five-day period, long-term risk assessments may influence property values in specific postcodes. The Environment Agency identifies Faversham Creek as having main risk from coastal flooding, affecting properties in Faversham, the Shepherd Neame Brewery, boatyards, and industrial areas. Our valuers consider environmental factors alongside traditional valuation metrics to provide accurate, comprehensive assessments that reflect true market conditions.

The historic nature of much of Faversham's housing stock also influences valuation approaches. West Street, one of the oldest roads in Faversham with properties dating back to at least 1480, features original wood beams and traditional timber-framed construction. These period features can add character value but may also indicate potential issues such as older electrical systems, plumbing, or insulation that buyers should be aware of. Our valuers assess how these historic characteristics affect market value in the context of modern buyer expectations.

Shared Ownership Valuation Services

Service	Turnaround	RICS Compliant	Housing Association Accepted
Standard Valuation	5-7 working days	Yes	Yes
Priority Service	3-5 working days	Yes	Yes
Express Service	24-48 hours	Yes	Yes

Frequently Asked Questions

What is a shared ownership valuation?

A shared ownership valuation is a RICS regulated assessment of your property's market value, specifically calculated for shared ownership properties. It provides both the full market value of the property and the value of your specific equity share. This is required when staircasing to buy more shares, remortgaging, or selling your share on the open market. The valuation follows RICS Red Book standards and is accepted by all UK housing associations, ensuring compliance with their specific requirements.

How much does a shared ownership valuation cost in Faversham ME13?

Our shared ownership valuations in ME13 start from £199 including VAT. The exact price depends on property type and size, with larger or more complex properties requiring additional inspection time. We offer standard, priority, and express services to accommodate different timescales, with express valuations available from £350 for urgent requirements. This represents excellent value considering the RICS compliance and housing association acceptance guaranteed with every report.

How long does the valuation take?

The physical inspection takes approximately 30-45 minutes depending on property size and complexity. Reports are typically delivered within 3-5 working days for our priority service, with express options available for urgent requirements including 24-48 hour turnaround where feasible. We'll agree on a timescale with you at booking based on your specific needs and deadlines, and keep you informed throughout the process.

Do you accept all housing associations?

Yes, our RICS valuations are accepted by all housing associations operating in the UK. Whether your property is with Clarion, Orbit, Peabody, or any other provider, our reports meet their specific requirements. We understand the different documentation formats each housing association prefers, including their specific staircasing forms and remortgage documentation. Our team stays up-to-date with any changes to housing association requirements to ensure every report is accepted without delay.

What happens if I disagree with the valuation?

If you believe the valuation is inaccurate, you can request a review from the valuer with additional comparable evidence that supports your position. Our valuers are always happy to discuss their findings and provide further clarification on the methodology used. In rare cases of significant disagreement, you may instruct an independent valuer for a second opinion, though this would be at your own cost. Our valuers always provide detailed rationale for their figures using comparable evidence from the local ME13 market.

Can I use this valuation for staircasing?

Absolutely. Our valuations are specifically designed for staircasing requests and meet all housing association requirements. The report includes the total property value, your current equity share value, and the value of the additional share you're looking to purchase. Many clients in Faversham have successfully used our reports to staircase with their housing associations, and we understand the specific calculations required for different staircasing increments, looking to buy an additional 10%, 25%, or another percentage.

Why do I need a shared ownership valuation specifically?

Shared ownership valuations differ from standard mortgage valuations because they require assessment of both the total property value and your specific equity share percentage. Housing associations use this information to calculate the price at which you can purchase additional shares or the valuation they'll accept when you sell your share. In Faversham's ME13 market, with prices ranging from £190,000 for flats to over £580,000 for detached properties, getting this calculation right is essential for your financial planning.

What factors affect my property's value in Faversham?

Several factors influence property values in ME13, including property type, location within Faversham, recent sale prices of comparable properties, and local market conditions. Properties near the town centre with access to shops and stations typically command premium values, while those near Faversham Creek may have flood risk considerations. New developments like Preston Fields and Faversham Lakes also influence market perceptions. Our valuers analyse all these factors when producing your valuation report.