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 %
- Average area rental value
- 2,252.00 £/moIncreased by 1.99 %
- Est rental Yield
- 4.89 %Decreased by 4.68 %
- Crime Rate
- 3.00 %Unchanged by 0.00 %
Agent Activity
Lambert & Foster Ltd created the listing.
Nearby Schools
Name | Type | Ofsted | Distance |
---|---|---|---|
Peninsula East Primary Academy | Academy Converter | Good | 0.85 KM |
High Halstow Primary Academy | Academy Converter | Good | 7.68 KM |
Leigh Beck Junior School | Academy Sponsor Led | 7.89 KM | |
Leigh Beck Infant School And Nursery Academy | Academy Sponsor Led | Good | 7.89 KM |
Lubbins Park Primary Academy | Academy Sponsor Led | Good | 8.08 KM |
Images
Nearby Transport
Name | NLC | TLC | Distance |
---|---|---|---|
Rainham (Kent) | 5177 | RAI | 9.43 KM |
Nearby Listings
Address | Price | Type | Score | Distance |
---|---|---|---|---|
Grain Road, Rochester | £ 1,050,000 | BUY | 6 / 10 | 0.00 KM |
Mallard Way, Lower Stoke, Rochester, Kent, ME3 | £ 340,000 | BUY | Unknown | 0.39 KM |
Mallard Way, Lower Stoke, Rochester, Kent, ME3 | £ 325,000 | BUY | 6 / 10 | 0.43 KM |
Heron Way, Lower Stoke, Rochester, Kent | £ 198,500 | BUY | 7 / 10 | 0.47 KM |
Heron Way, Lower Stoke, Rochester, Kent | £ 300,000 | BUY | 6 / 10 | 0.47 KM |
Nearby Properties
Address | Price | Distance |
---|---|---|
16 Grain Road | £ 240,000 | 0.04 KM |
5 Anchorage Close | £ 220,000 | 0.25 KM |
4 Anchorage Close | £ 230,000 | 0.25 KM |
7 Anchorage Close | £ 163,000 | 0.25 KM |
1 Anchorage Close | £ 280,000 | 0.25 KM |