Summary - Flat 11, 3, Corys Road, Rochester ME1 1GT
2 bed 1 bath Flat
60% shared ownership; modern open-plan flat near Rochester Station.
- 60% shared ownership option; 60% share price £175,000
A modern two-bedroom third-floor flat built in 2020, offered with a 60% shared ownership option. The open-plan living, dining and kitchen flows onto a good-size balcony and the layout suits first-time buyers or commuters who want low-maintenance, contemporary living close to Rochester Station. The apartment is 678 sq ft and finished to a recent standard, with gas central heating and an EPC rating of B for efficiency.
The shared ownership terms give a purchase price of £175,000 for a 60% share (full value £291,667). Monthly costs quoted include a service charge (annual £2,344), a nominal ground rent (£250 pa) and a monthly rent element on the unsold share. Parking permits are available locally and broadband and mobile signals are strong.
Be clear on the recurring costs and neighbourhood context: the block has an average service charge and a small ground rent. The wider area scores as deprived with a very high local crime rate, which will matter to some buyers and could affect insurance and resale. The long 994-year lease and modern construction are strong positives that reduce long-term ownership risk.
This property suits a first-time buyer seeking an affordable entry into Rochester with excellent transport links, or an investor wanting modern stock with easy letting potential close to amenities. Viewings will help gauge noise, local street feel and security measures before committing.
2 bedroom flat for sale in Corys Road, Rochester, ME1 — £291,667 • 2 bed • 1 bath • 678 ft²
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