PriME1

2 bedroom homes in Corporation Street, Rochester, medway, ME1

Tenure Shared ownership
What is Shared Ownership?
Availability Available
Min share price from £62,500 for 25% share
Full price from £250,000
Min deposit from £3,125
Monthly rent from £434
Service charge from £128
Bedrooms 2
Bathrooms 1
Parking 1
Pets No

Shared Ownership is a type of affordable home ownership when a purchaser takes out a mortgage on a share of a property and pays rent to a landlord on the remaining share.

For example, someone might buy a 50 per cent share in a property and pay rent to the landlord on the remaining 50 per cent. Purchasers then have the opportunity to ‘staircase’ up their share of the property, gradually increasing the proportion of their home that they own outright and therefore paying less rent on the remaining portion, until they own 100 per cent of their home.

Overview

Last few two bedroom properties remain - don’t delay viewing our last two bedroom apartments. Come and find out more.

NEW INCENTIVE! ONE YEAR'S FREE SERVICE CHARGE WORTH UP TO £1,945*

Prices
2 bedroom apartments from £62,500 (25% share of £250,000)

Specification
PriME1 is a high spec shared ownership development with contemporary interiors, integrated appliances and private winter gardens, it is no wonder that these properties are already 80% sold.

Travel
The development is ideally located for commuters, next to Rochester station. Fast and frequent train services run to London St Pancras (c.41 min) and London Victoria (c.46 min).

Call 0207 704 5618 to book your appointment or email sharedownership@savills.com for more information.

*Terms and and conditions apply. Applicants must meet all deadlines including the exchange deadline of 28 days. Standard reservation fee £500 is also reduced to £99 for the duration of this promotion.

Local area information

Rochester is an historic town, boasting the second largest cathedral in England, as well as being the childhood home of Charles Dickens. The high street maintains a quaint atmosphere, with boutiques, art galleries and antique shops, and a monthly flea market offering great vintage finds and local crafts. The town also has many bars, restaurants and pubs making it a vibrant cultural hub.

Status Plot No. Floor Beds Min share price Eligibility
Available 2 Block A ground 2 £62,500 View details
Available 3 Block A Ground 2 £62,500 View details
Available 6 Block B 1 2 £65,000 View details
Available 11 Block B 2 2 £262,500 View details
Available 13 Block B 2 2 £65,625 View details
Available 29 Block B 4 2 £107 View details
Available 21 Block B 3 2 £67,500 View details
View More

FAQ's

Min share price from: £62,500 for a 25% share
Full price from: £250,000
Minimum deposit from: £3,125
Monthly rent from: £430
Bedrooms: 2
Bathrooms: 2

There are 7 available ranging from £62,500 for a 25% share to £67,500 for a 25% share.

It’s the same as buying on the open-market but you’re buying a share of a property, so therefore pay a mortgage on the part you own.

An independent mortgage advisor can help suggest which type of mortgage might be best for you, based on your situation.

Leasehold, which is essentially the contract for the share you've bought.

It means you've got the right to keep your home for a certain number of years (usually at least 125), but the land belongs to someone else. Your lease also sets out how much you need to pay each month, your responsibilities while living there and all the details of your agreement with the housing association. Make sure you go through it and ask lots of questions.

Your solicitor can help you with this.

No, but it all depends on your lease (your contract with the housing association) so check it thoroughly and ask questions before you buy.
Illustration by: James Halsall

Register Interest

Register your interest to be contacted by a housing provider. You will need to provide basic eligibility criteria during the register interest process.

PriME1

2 bedroom homes in Corporation Street, Rochester, medway, ME1

Tenure Shared ownership
What is Shared Ownership?
Availability Available
Min share price from £62,500 for 25% share
Full price from £250,000
Min deposit from £3,125
Monthly rent from £434
Service charge from £128
Bedrooms 2
Bathrooms 1
Parking 1
Pets No

Shared Ownership is a type of affordable home ownership when a purchaser takes out a mortgage on a share of a property and pays rent to a landlord on the remaining share.

For example, someone might buy a 50 per cent share in a property and pay rent to the landlord on the remaining 50 per cent. Purchasers then have the opportunity to ‘staircase’ up their share of the property, gradually increasing the proportion of their home that they own outright and therefore paying less rent on the remaining portion, until they own 100 per cent of their home.

Location

Housing Provider

Trusted by

Southern Complete Moves Mayor or London National Housing Federation Moat Homes