Summary -
7 LOXLEY HOUSE,BUTLERS PARK WAY,STROOD,ROCHESTER,ME2 2GN
ME2 2GN
2 bed 1 bath Flat
Allocated parking, balcony and attractive rental yield for buyers.
Double bedrooms and private balcony for outdoor space
Allocated off-street parking included
Close to M2 and Strood transport links
Chain free — ready for quick completion
108 years remaining on lease (leasehold)
Service charge c. £1,200pa; ground rent c. £300pa
Above-average local crime rate — consider security
Reported 6% yield; area has renting hard-pressed workers
Set within the contemporary Medway Gate development, this two-bedroom flat balances low-maintenance living with clear rental potential. The apartment has double bedrooms, a private balcony and allocated off-street parking — practical features that appeal to commuters and landlords alike. With no onward chain and good road and rail links to London via the nearby M2 and Strood station, it is straightforward to occupy or let quickly.
The home sits on a 108-year lease with a service charge of around £1,200pa and ground rent of approximately £300pa; these are typical for a managed development but important for running-cost calculations. Council tax is described as affordable and there is no flooding risk. Broadband and mobile signal are reported as strong, supporting working-from-home or tenant demand.
Notable negatives are the above-average local crime rate and the local area classification indicating economic pressure among renters — factors investors should factor into rental pricing and tenant screening. The flat is an average-sized, traditional-layout apartment; while presented as modern, any buyer should inspect for cosmetic or system updates if longer-term owner-occupation is intended.
Overall, this property is best suited to investors seeking a c.6% yield or first-time buyers wanting easy access to transport links and simple upkeep. The combination of allocated parking, a balcony and chain-free sale make it a practical, straightforward purchase with immediate letting or move-in potential.
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