Summary - Glenway Road, Rochester, Kent ME1 1RW
2 bed 2 bath Apartment
Bright modern two-bedroom home with long lease and allocated parking.
Allocated off‑street parking and Juliet balcony to the open-plan living space.
35% shared ownership option — share priced £110,250; full value £315,000.
Monthly costs: rent £484.24 and service charge £69.23 (annual £828 stated).
Built 2021 with 998‑year lease; modern boiler and gas central heating.
Open-plan kitchen/lounge diner with integrated appliances and wood flooring.
Area classified as deprived with very high local crime rates — check suitability.
Local neighbourhood: cosmopolitan student areas and migrant family profile.
Shared ownership requires eligibility checks and solicitor verification.
A well-presented two-bedroom first-floor apartment on Rochester Riverside, offered as a 35% shared ownership share (£110,250) with a full market value of £315,000. The open-plan kitchen/lounge/diner benefits from a Juliet balcony and integrated appliances, creating bright, flexible living space for a first-time buyer or small family. Constructed in 2021, the building feels modern and low‑maintenance, and the long lease (998 years) removes common long-lease concerns.
Practicalities are straightforward: allocated off-street parking, gas central heating with a modern boiler, fast broadband and excellent mobile signal. Monthly figures for the 35% share are clear — rent £484.24 and service charge £69.23 — and an annual service charge noted as £828 (below average). Room sizes are generous for the floor area, and the block contains only six flats, offering a quieter, neighbourly environment.
Buyers should be aware of material local factors: the immediate area scores as deprived with a very high crime level and a local profile of migrant families and student neighbourhoods. These factors may affect rental demand and long-term resale for some buyers. The apartment is leasehold shared ownership, so purchasers must confirm eligibility and ongoing costs with their solicitor.
Overall, this apartment suits first-time buyers seeking an affordable route onto the property ladder in a contemporary riverside development, or investors comfortable with the local area profile. It balances modern fixtures and long lease security against local social challenges and the responsibilities of shared ownership.
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