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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 26/03/2026

Property Details

Bedrooms
N/A
Type
Land

Description

This 415 sqm plot of unused land, strategically located along Delce Road in Rochester, presents a unique investment opportunity with planning permission granted in January 2025 (Ref: MC/23/0038) for the construction of a mixed two- and three-storey development comprising eight residential flats, alongside necessary external works. Currently overgrown and marked by five advertising hoardings, the site has been isolated from the surrounding area but holds significant potential to revitalize the locale through a tasteful residential project. The approved plans come without Section 106 obligations, enhancing its financial feasibility for developers. With proximity to Rochester Station—less than half a mile away—this site is attractive for those seeking modern housing solutions in a well-connected area. This property offers a rare chance to create a valuable asset within an historic context while improving the local environment.

Investment Analysis

(ME1 area)
Area Average
£359/sq ft
Avg Rent (weekly)
£283
Avg Yield
4.4%

Renovation Potential

Heavy Refurb
Est. Renovation Cost
£600,000 - £800,000
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
37
Average per month
Market Turnover
24%
Properties sold annually

Local Market Trend (ME1)

Area prices are stable by +1.5% over the last 12 months
3 year growth: -0.9%
5 year growth: +4.3%
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
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Mortgage Calculator

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£
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years

Current average 2-year fixed rate is 4.06%

Current average variable rate is 6.81%

Monthly Repayments
£1,082
Based on a loan of £225,000 over 30 years at 4.06% 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.

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