Good news for Kent homebuyers as new phase of shared ownership homes comes to Rochester
Buyers in Kent have cause for celebration – as the next phase launch at a popular Rochester development has been announced.
Hyde New Homes’ Rochester Riverside is set in the heart of Rochester, and is providing quality, affordable homes for buyers looking to set up home in the picturesque coastal county of Kent.
The homes are available to buy with shared ownership, which may come as great news for those who may have been previously priced out the area, and as new build homes are more energy efficient, home-owners will be saving on their energy bills too.
Rochester Riverside is a growing community, set within 10 acres of open space with a central plaza with convenient shops and amenities, such as a Co-Op, Travelodge and Costa now open. The stylish development also offers a newly regenerated 2.5km riverside walk, as well as stunning views across the Medway and inland towards the historic Rochester Castle and Cathedral.
The sought-after location also boasts excellent transport links. Rochester train station is within walking distance, so London is a short 33-minute journey for commuters, and the rest of the South Coast is within easy reach.
This phase offers a choice of 1- and 2-bedroom apartments and 3-bedroom mews houses priced from £95,000 for a 40% share of a 1-bedroom apartment. With shared ownership, buyers can secure an equity share of 40% for the apartments, or 25% for the houses with a 10% deposit from just £9,500. Along with a mortgage, buyers will then pay a subsidised rent to Hyde New Homes on the unpurchased share.
As a shared ownership owner, you will be able to purchase more shares at any time which is convenient to you and can own up to 100%.
Minnie Dando, Head of Marketing and Communications at Hyde New Homes, said: “We are pleased to be launching the third phase of this fantastic development, which has already proved to be hugely popular with the region’s homebuyers.
“Giving people the perfect balance of history and modern contemporary living, Rochester Riverside is a very special place to live. The community now benefits from a number of attractive amenities, so it comes as no surprise that it is super popular.”
Minnie added: “Shared ownership has provided many buyers the chance to step onto the property ladder in areas they would originally have not been able to afford.
“We are confident that this approach will help more of Kent’s buyers achieve their home ownership dreams and look forward to welcoming them to this wonderful development.”
These new homes are available to buy off-plan now and will be ready for occupation from April 2023. For further information and to register your interest, visit hydenewhomes.co.uk/rochester-riverside or call 0345 606 1221.
