£55,000
1 bed flat for saleCory’S Road, Rochester, Kent ME1
1 bed
1 bath
Added on
About this property
Private balcony
One bedroom apartment
Local amenities nearby
Great transport links
Available for a 25% share
5% minimum deposit only
This bright and modern one bedroom apartment is now available in Rochester, Kent through Shared Ownership.
The property on the first floor comprises, an open-plan living room and kitchen with a dining area, one bedroom and a bathroom. Perfect for singles or couples.
Outside, the property also benefits from one allocated parking space and a private balcony.
Disclaimer:
so Resi are marketing this property for sale on behalf of the landlord, M&G UK Shared Ownership Limited.
All enquiries will be initially assessed by so Resi to confirm eligibility. Should you wish to proceed with the purchase, you will be required to complete an affordability assessment.
Information on the criteria and requirements for shared ownership can be found here:
Shared Ownership Eligibility & Affordability Criteria
For the purposes of processing and progressing your application, your personal data may be shared with M&G UK Shared Ownership Limited, Pinnacle Group and the existing shared owner in accordance with our Privacy Policy.
If you would like a copy of our Privacy Policy, please refer to so Resi Privacy Policy or contact us directly.
Available for £55,000 for 25% share based on the marketing figure of £220,000.
Monthly rent - £681.96
Monthly Service Charge - £192.65
Total Monthly Charge - £874.61 plus mortgage required for 25% share.
On certain properties, service charges may be billed in different frequencies. For the purposes of illustration, our advertisement will state the equivalent monthly charge. Where charges are not billed monthly, purchasers will be informed before proceeding.
An annual rent increase takes place every April
Location
Located in Rochester, this home offers easy access to the town's historic centre, where you'll find avariety of independent shops, cafés, restaurants and everyday amenities. Rochester is renowned for its rich heritage, with attractions including Rochester Castle and Rochester Cathedral, alongside a thriving high street and riverside setting.
Perfectly positioned directly opposite Rochester Station, this home is ideal for commuters and anyone looking for excellent connections across Kent and into London. High-speed services reach London St Pancras International in around 35 minutes, making it easy to balance city working with life in one of Kent's most historic destinations.
Travelling by car is equally convenient, with the A2 and M2 nearby providing straightforward connections to London, the Kent coast and the wider motorway network.
Residents can enjoy local green spaces, riverside walks along the River Medway, and a wide range of leisure and recreational facilities. Supermarkets, schools and healthcare services are all conveniently close by, making this a well-connected location for everyday living.
EPC rating
Energy rating band - B
Environmental impact band - A
Other informationHow we allocate Shared Ownership homes
We offer homes on a first-come, first-served basis, as long as you meet all the eligibility criteria. Sometimes, we give priority to people who live or work in the same area as the home. This is based on rules set by the local authority. All Shared Ownership providers must publish an allocations policy, which explains how they decide who gets a home.
If the home is managed by so Resi and mtvh
You can read the Shared Ownership allocation policy on the mtvh website. So Resi is the Shared Ownership brand of mtvh, a housing association.
If the home is managed by another provider
Visit their website to find their allocation policy. Contact us if you have any questions.
In certain cases, the remaining length of the lease on a property can impact the availability of mortgages to prospective purchasers and the future saleability of the home. We recommend that you speak to your solicitor and your financial advisor to ensure that the lease length is suitable for your needs.
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Tenure
Leasehold (993 years)
Service charge
Council tax band
Ground rent
Ground rent date of next review
Shared ownership percentage owned
25%
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