Sold STC Flat

FLAT 5

CROWN HOUSE, VALETTA WAY, ROCHESTER, MEDWAY ME1 1FE

1 beds 1 baths 495 sq ft Listed 2 Oct 2024 (-609d)

£170,000

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Property details

Tenure

LEASEHOLD (97 years remaining on lease)

Floor area

46 m²

Council tax band

C

EPC rating

C

Year built

England and Wales: 1996-2002

Last sold

£165,000 Jan 2025

Price per m²

£3,696/m²

Local average

£192,613 (-11.7%)

Deprivation

Decile 3 (7,130 of 33,755)

Street crime

364 incidents within 1 mile (Mar 2026)

Key features

  • Allocated parking
  • Ideal first time buy
  • No chain
  • Sought after location
  • Move in ready
  • Great investment opportunity

Additional details

Parking
Yes

Description

Asking Price £170,000

This well-presented, second floor apartment is offered with no forward chain.
Perfectly situated in the desirable Rochester riverside development, this property is just a short stroll away from Rochester's charming high street.

The apartment boasts a modern design, with high-quality finishes throughout, ensuring a comfortable living space. The spacious open-plan living and dining area is bright and airy, perfect for relaxation or entertaining. The generously sized bedroom offers a peaceful retreat, while the large master bathroom includes a shower over the bath for added convenience.

Viewing is recommended to appreciate the beauty of this unique property, call us today to avoid missing out!

Exterior
Allocated parking. Visitor parking to the rear.

Key Terms
Rochester boasts an abundance of History and is heavily connected to Charles Dickens, the Dickens festival being one of a number of themed weekends held in the high street throughout the year. The cobbled high street is a huge attraction for its independent boutique shops, quaint cafe’s, highly recommended restaurants and traditional pubs. Rochester Cathedral and Castle sit on the edge of a sweeping bend of the River Medway. Whilst famous for it’s historical connections, Rochester has also seen significant new riverside development in recent years, making it attractive from a lifestyle and commuting perspective. Its newly built station offers High Speed rail links to Stratford International in 30 minutes or St Pancras International in 38 minutes. London Victoria is also accessible in just 52 minutes. In any part of the town you are never too far from road links, the A2 and M2 are easily accessible in under 5 miles. With the M20 and M25 approximately 10 miles away. Rochester and near-by Chatham offer a fantastic range of primary and secondary schools, as well as the University.

Listed by

Chatham

Robinson Jackson

Reference: 153265001

EPC Rating & Upgrade Cost

Current rating: C

Potential rating: C

Inspection date: 04/04/2024

Current heating cost: £255/year

Potential heating cost: £255/year

View full EPC on gov.uk

Flood risk

Zone: 1

Risk: Low

Job (default Low)

Floorplans

Floorplan

Floorplan

EPC Graphs

EPC Rating Graph

EPC Rating Graph

Price history

34% since 2014

Event Date Price % change
Sold 31/01/2025 (1 year ago) £165,000 +34.4%
Sold 21/07/2014 (11 years ago) £122,750

Source: HM Land Registry Price Paid Data. Crown copyright.

Sold Comparables

Same street and nearby sales within 0.25 miles (last 5 years). Data from Land Registry Price Paid.

Address Price Date Type
BRIDGE HOUSE FLAT 46 VALETTA WAY, ROCHESTER, MEDWAY, ME1 1LQ £249,000 06/01/2026 Flat
BRIDGE HOUSE FLAT 8 VALETTA WAY, ROCHESTER, MEDWAY, ME1 1TB £221,500 27/11/2025 Flat
BRIDGE HOUSE FLAT 1 VALETTA WAY, ROCHESTER, MEDWAY, ME1 1TB £261,500 07/12/2023 Flat
21 SEALAND COURT, ROCHESTER, MEDWAY, ME1 1QH £400,000 10/11/2023 Flat
ST. BARTHOLOMEWS PLACE 219 BISHOPS COURT NEW ROAD, ROCHESTER, MEDWAY, ME1 1TW £179,950 24/10/2023 Flat
ST. BARTHOLOMEWS PLACE 305 BISHOPS COURT NEW ROAD, ROCHESTER, MEDWAY, ME1 1TW £260,000 06/10/2023 Flat
16 SEAFORD COURT, ROCHESTER, MEDWAY, ME1 1QA £277,000 05/06/2023 Flat
ST. BARTHOLOMEWS PLACE 204 BISHOPS COURT NEW ROAD, ROCHESTER, MEDWAY, ME1 1TW £255,000 26/05/2023 Flat
ST. BARTHOLOMEWS PLACE 218 BISHOPS COURT NEW ROAD, ROCHESTER, MEDWAY, ME1 1TW £193,500 17/05/2023 Flat
ST. BARTHOLOMEWS PLACE 107 BISHOPS COURT NEW ROAD, ROCHESTER, MEDWAY, ME1 1TW £154,500 28/04/2023 Flat
ST. BARTHOLOMEWS PLACE 205 BISHOPS COURT NEW ROAD, ROCHESTER, MEDWAY, ME1 1TW £154,000 28/04/2023 Flat
MAYFLOWER HOUSE FLAT 8 VALETTA WAY, ROCHESTER, MEDWAY, ME1 1FA £266,000 10/03/2023 Flat
ST. BARTHOLOMEWS PLACE 110 BISHOPS COURT NEW ROAD, ROCHESTER, MEDWAY, ME1 1TW £297,000 17/02/2023 Flat
ST. BARTHOLOMEWS PLACE 211 BISHOPS COURT NEW ROAD, ROCHESTER, MEDWAY, ME1 1TW £195,000 17/02/2023 Flat
ST. BARTHOLOMEWS PLACE 111 BISHOPS COURT NEW ROAD, ROCHESTER, MEDWAY, ME1 1TW £197,450 13/02/2023 Flat
ST. BARTHOLOMEWS PLACE 308 BISHOPS COURT NEW ROAD, ROCHESTER, MEDWAY, ME1 1TW £192,500 26/01/2023 Flat
ST. BARTHOLOMEWS PLACE 206 BISHOPS COURT NEW ROAD, ROCHESTER, MEDWAY, ME1 1TW £145,000 23/01/2023 Flat
ST. BARTHOLOMEWS PLACE 314 BISHOPS COURT NEW ROAD, ROCHESTER, MEDWAY, ME1 1TW £324,500 20/01/2023 Flat
ST. BARTHOLOMEWS PLACE 316 BISHOPS COURT NEW ROAD, ROCHESTER, MEDWAY, ME1 1TW £180,000 18/01/2023 Flat
ST. BARTHOLOMEWS PLACE 315 BISHOPS COURT NEW ROAD, ROCHESTER, MEDWAY, ME1 1TW £300,000 17/01/2023 Flat

Area average: £235,170 (20 sales)

Capital growth trend

Land Registry outcode average: last 12 months vs 5y and 10y ago (from sold prices).

5y growth -13.6%
10y growth -2.6%

House Price Index (HM Land Registry — official index, not sold-price averages): Medway. Series: Flats and maisonettes. As of March 2026.

1y (index) -4%
5y (index) 3.9%
10y (index) 24.5%

Rental Range

Estimated market rent for Medway. Low = conservative, Realistic = average, Optimistic = best case.

Low £1,113/mo
Realistic £1,237/mo
Optimistic £1,361/mo

Based on Local Authority from postcode lookup → Medway.

LHA (30th percentile) floor for Medway & Swale: £673/mo (Apr 2025 – Mar 2026)

Location

Address

Valetta Way

Nearby

Nearest stations, universities and amenities (distance from property).

Type Name Distance
Bus stop Valetta Way 0.1 miles
Shop City Minimart 0.4 miles
Shop Drurys 0.4 miles
Train station Rochester 0.6 miles
University Unknown 0.8 miles
Train station Strood 1.0 miles
University University of Kent - Medway Campus 1.9 miles
Hospital Medway Maritime Hospital 2.0 miles
Hospital Unknown 3.0 miles

Street-level crime

Category Count
Violence and sexual offences 142
Anti-social behaviour 59
Criminal damage and arson 33
Shoplifting 32
Other theft 27
Public order 18
Vehicle crime 16
Drugs 14
Other crime 7
Burglary 5
Robbery 4
Bicycle theft 3
Possession of weapons 3
Theft from the person 1
Total incidents 364

Within 1 mile during Mar 2026. Source: data.police.uk (England & Wales).

Schools nearby

Nearest open schools with Ofsted ratings (England). Closed schools are not shown. Data from Get Information about Schools and Ofsted.

Name Type Distance Ofsted
St Andrew's School (Rochester) Other 0.2 miles (No rating)
St Margaret's at Troy Town CofE Voluntary Controlled Primary School Primary 0.4 miles Good — 24 Oct 2013
King's School, Rochester Other 0.5 miles (No rating)
Rochester Independent College Other 0.5 miles (No rating)
St Peter's Infant School Primary 0.6 miles Good — 17 Jan 2019

Rental Comparables

Residential lets from OpenRent and Rightmove for the area (same bedroom count). Use to validate rent estimates. Student lets are excluded.

Title Rent Beds Distance As seen on
Studio Flat, Holcombe Road, ME1 £950/mo 1 0.59 miles OpenRent
1 Bed Flat, Borstal, ME1 £890/mo 1 0.72 miles OpenRent

Average rent: £920/mo (2 listings)

Rent-driven metrics

Based on OpenRent comparables.

Rent ratio 0.54%
Max investor price (0.8%) £115,000
Target investor price (1%) £92,000
Gross yield 6.5%
Cost-to-rent ratio 15.4×
Monthly cashflow £134/mo 75% LTV, 3.95% APR (5yr fixed), 25yr term
Cash-on-cash ROI 3.3%
  • Rent ratio — Monthly rent ÷ purchase price (1% rule). 1%+ = strong, 0.8–1% = okay, <0.8% = weak for cashflow.
  • Max investor price — Rent ÷ 0.8%; the price at which rent would be 0.8% of price (Stoke-style target).
  • Target investor price — Rent ÷ 1%; the price at which rent would be 1% of price (strong cashflow band).
  • Gross yield — Annual rent as % of purchase price (no costs).
  • Cost-to-rent — Price ÷ annual rent (from OpenRent comparables). Under 14× = strong, 14–16× = acceptable, 17×+ = compressed.
  • Cashflow — Rent minus mortgage, 10% maintenance, £25/mo compliance. Assumes 75% LTV, 3.95% APR (5yr fixed), 25yr term.
  • ROI — Annual profit ÷ cash in (deposit + 4% purchase costs).