New shared ownership homes at Rochester Riverside: Affordable homeownership in a thriving community
Discover the new shared ownership homes at Rochester Riverside, offering an affordable way to get on the property ladder. Prices start from just £96,000 for a 40% share.
House prices in the UK are rising at their fastest rate in two years, according to new data from Nationwide. Prices in September 2024 increased 0.7% from the previous month, with an annual change of 3.2% and an average price of £266,094. Meanwhile, in Rochester in Kent, the average price is even higher – at £319,121 – therefore leaving many would-be homebuyers worried about getting onto the local property ladder.
On the other hand, shared ownership provides a solution to make home ownership accessible. Furthermore, there’s encouraging news for prospective homebuyers: Hyde New Homes is unveiling The Wharf Collection at Rochester Riverside. Available to buy with the scheme, visitors can explore the one- and two-bedroom apartments in the seventh phase of homes to launch at the well-established community from February 28th.
Why to consider shared ownership in Rochester?
Shared ownership is a government-backed scheme designed to help people get onto the property ladder. It allows you to purchase a share of a home and pay rent on the remaining portion. Over time, you can increase your share through a process called “staircasing.”
Additionally, with shared ownership you need only raise a deposit based on the share of the home you are purchasing, rather than the full value. In other words, shared ownership low deposits makes homeownership even more accessible.
Learn more about shared ownership
Rochester Riverside: Great shared ownership homes in Rochester
Set along the curved banks of the River Medway in the heart of Rochester, these new homes provide a blend of urban convenience and riverside elegance. Set within ten acres of open space by the newly regenerated riverside walk, they deliver a sense of connection with nature. Residents can enjoy stunning views across the Medway and inland towards Rochester Castle and Cathedral.
The homes’ interiors feature contemporary finishes with plenty of natural light. As part of the ‘Hyde Difference’, they come with a high specification at no additional cost. This includes integrated kitchen appliances, quality flooring and three months’ free Hyperoptic broadband. For added convenience, each home at Rochester Riverside also comes with parking.
A thriving and well-connected location
Now in its seventh phase, Rochester Riverside is a well-established and welcoming community. Homes are set around a landscaped central plaza, which acts as a hub for the local neighbourhood. There is a range of new facilities nearby, including a supermarket, coffee shop, hotel and primary school. That is to say, residents have all the essentials for daily life on their doorstep.
Rochester is also well connected to London and the rest of Kent. Direct trains can reach St Pancras in as little as 36 minutes from Rochester Station. As a result, the town is a popular choice with commuters keen to earn London salaries while avoiding the capital’s steep property prices. For weekend downtime, Thorney Bay, Canvey Island Beach and Allhallows Beach are all within a ten-mile radius.
As well as its bustling shops and restaurants, Rochester is certainly well-known for its connection to Charles Dickens. The author lived there for many years and his novels regularly reference local buildings, with plaques along the high street explaining the connections and delighting those attending Rochester’s annual Dickens Festival.
Join the Rochester shared ownership community
In short, Minnie Dando, Head of Marketing & Communications at Hyde New Homes, comments:
Rochester provides a delightful blend of culture, history and community that is wonderfully charming. The newly launching shared ownership homes at Rochester Riverside provide a way for buyers to be part of the local community without the need for eye-watering deposits. Our experienced in-house sales team is available to help guide customers through the process of owning their own home at this lovely development.
The Wharf Collection at Rochester Riverside launches on February 28th, with homes available for immediate reservation. Don’t miss your chance to own an affordable, high-quality home in one of Kent’s most desirable locations, for example:
- One-bedroom apartments start from £96,000 for a 40% share (full market value: £240,000) with a deposit as low as £9,600.
- Two-bedroom apartments start from £79,000 for a 25% share (full market value: £316,000) with a deposit of just £7,900.
