Grain Road, Rochester
Lambert & Foster Ltd logo

Grain Road, Rochester

By Lambert & Foster Ltd

£ 1,050,000

Reviews

3 out of 5 stars

Lambert & Foster Ltd says ..

This range of former farm buildings is located on land extending to around 0.82 hectares on the edge of the Middle Stoke hamlet. Consent has been granted by Medway Council for the demolition of redundant farm buildings and construction of 7 dwelling houses, provision of an attenuation pond and a ...

Property Oracle says ..

This property presents a unique opportunity for developers or investors. Located on Grain Road in Rochester, Kent, the site comprises a plot of approximately 0.82 hectares containing a range of dilapidated farm buildings. Planning permission has already been granted for the demolition of these structures and the construction of seven new dwelling houses, along with an attenuation pond. The location, while rural, offers relatively convenient access to Rainham via the A228. The land itself is a significant asset, offering considerable potential for development and a return on investment. However, potential purchasers should be aware of the significant costs involved in the demolition, construction, and associated land development activities. The high list price reflects the potential value of the completed development but the risk needs to be taken into account. The current state of the buildings requires considerable investment and renovation or demolition, and the absence of existing habitable structures presents challenges to immediate use or occupancy.

Therefore, we give this property 6 / 10. *Disclaimer: This is our option and does constitute a recommendation or financial advice. Do your own research. *

Price
6
Condition
3
Location
7
Land
8
Bedrooms
0
Bathrooms
0

The heatmap indicates the level of crime in the area. The color of the heatmap indicates the crime severity and recency.

Metrics Year-on-Year

Average area value
553,003.00 £
Increased by 7.01 %
from 516,754.00 £
Average area rental value
2,252.00 £/mo
Increased by 1.99 %
from 2,208.00 £/mo
Est rental Yield
4.89 %
Decreased by 4.68 %
from 5.13 %
Crime Rate
3.00 %
Unchanged by 0.00 %
from 3.00 %

Agent Activity

  • Lambert & Foster Ltd created the listing.

Nearby Schools

NameTypeOfstedDistance
Peninsula East Primary AcademyAcademy ConverterGood0.85 KM
High Halstow Primary AcademyAcademy ConverterGood7.68 KM
Leigh Beck Junior SchoolAcademy Sponsor Led7.89 KM
Leigh Beck Infant School And Nursery AcademyAcademy Sponsor LedGood7.89 KM
Lubbins Park Primary AcademyAcademy Sponsor LedGood8.08 KM

Images

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Nearby Transport

NameNLCTLCDistance
Rainham (Kent)5177RAI9.43 KM

Nearby Listings

AddressPriceTypeScoreDistance
Grain Road, Rochester £ 1,050,000BUY6 / 100.00 KM
Mallard Way, Lower Stoke, Rochester, Kent, ME3 £ 340,000BUYUnknown0.39 KM
Mallard Way, Lower Stoke, Rochester, Kent, ME3 £ 325,000BUY6 / 100.43 KM
Heron Way, Lower Stoke, Rochester, Kent £ 198,500BUY7 / 100.47 KM
Heron Way, Lower Stoke, Rochester, Kent £ 300,000BUY6 / 100.47 KM

Nearby Properties

AddressPriceDistance
16 Grain Road £ 240,0000.04 KM
5 Anchorage Close £ 220,0000.25 KM
4 Anchorage Close £ 230,0000.25 KM
7 Anchorage Close £ 163,0000.25 KM
1 Anchorage Close £ 280,0000.25 KM