Worst House on the Street Logo
Land R/O City Way, Rochester, Kent ME1 - Image 1
Land R/O City Way, Rochester, Kent ME1 - Image 2
Land R/O City Way, Rochester, Kent ME1 - Image 3

Land R/O City Way, Rochester, Kent ME1

South East

£300,000

Listed on 10/04/2026

Property Details

Bedrooms
N/A
Type
Land

Description

This 415 sqm plot of land, located off Delce Road in historic Rochester, Kent, offers a unique investment opportunity with planning permission granted in January 2025 (Ref: MC/23/0038) for the development of a part two-/part three-storey building featuring eight residential flats and associated external works. Currently overgrown and dominated by five advertising hoardings, this site is positioned to transform into a vibrant addition to the local community, significantly improving the streetscape. The development plan is attractive as it comes without any Section 106 obligations, enhancing its financial feasibility. With its proximity to Rochester Station—less than half a mile away—this property is ideally suited for commuters and presents an appealing prospect for both developers and potential residents. This is a rare chance to capitalize on a ready-to-develop site in a well-connected area.

Investment Analysis

(ME1 area)
Area Average
£359/sq ft
Avg Rent (weekly)
£287
Avg Yield
4.5%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£150,000 - £250,000
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
38
Average per month
Market Turnover
15%
Properties sold annually

Local Market Trend (ME1)

Area prices are falling by -4.9% over the last 12 months
3 year growth: -2.4%
5 year growth: +2.2%
Investment Disclaimer: Analysis based on ME1 area averages and may not reflect property-specific factors like condition, exact location, or unique features. Any renovation cost estimates provided are AI-generated and should be considered indicative only. Renovation costs vary significantly based on property condition and scope of work. Always conduct professional surveys and get multiple quotes before making investment decisions.

Location

Land R/O City Way, Rochester, Kent ME1
Loading map...

Mortgage Calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 3.97%

Current average variable rate is 6.59%

Monthly Repayments
£1,070
Based on a loan of £225,000 over 30 years at 3.97% interest

These results are estimates and are only intended as a guide. Make sure you obtain accurate figures from your lender before committing to any mortgage. Your home may be repossessed if you do not keep up repayments on a mortgage.

Stamp Duty Calculator

This calculation uses non-residential (land/commercial) tax rates.

Next Steps

Explore services to help you with this property purchase.

Get help with this property

Financing, surveys and more – choose a service and we’ll connect you with our trusted partners.