Wards Shared Ownership says ..

Property Oracle says ..

This two-bedroom, two-bathroom apartment located on High Street, Chatham, presents a compelling opportunity for first-time buyers or investors. The listing with Wards Shared Ownership suggests that this is likely a shared ownership scheme, which makes it more accessible for those with a lower deposit or smaller budget. The property is conveniently located near Chatham train station, offering easy access to commuting options. Furthermore, several well-regarded schools are in close proximity, making it attractive to families.

The apartment appears modern and well-maintained based on the provided photographs. The kitchen and bathrooms seem updated, and the overall condition looks good. The inclusion of two bathrooms is a desirable feature. Although some of the photos show clutter, this should not be considered a significant detractor from the property’s condition. The views from the balcony seem pleasant, overlooking the River Medway.

The lack of information regarding the square footage and plot size limits a full analysis of the price-per-square-foot value. However, comparing the list price to those of nearby properties, particularly apartments near Rochester’s High Street, suggests that £69,000 is exceptionally competitive.

Potential buyers should be fully aware of the implications of shared ownership, understanding the terms of the lease and the potential for future purchase of the remaining share. A physical viewing is strongly recommended to assess the property’s condition thoroughly and to confirm the size. Overall, this appears to be a strong investment or starter home option, provided that the details of the shared ownership are well-understood.

Therefore, we give this property 6 / 10. *Disclaimer: This is our option and does constitute a recommendation or financial advice. Do your own research. *

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