Property for sale in Chatham
Chatham is located just 30 miles away from London, which makes a great opportunity for everyone who works or studies in London, but wants to live outside the bustle. On the other hand, for investors, Chatham offers the opportunity for excellent capital appreciation, strong returns and growing tenant demand. Consequently, the need to purchase a property for sale in Chatham is growing.
Residents of this city can boast of living in one of the most desirable areas in the UK. They are surrounded by idyllic landscapes and close to the water, and at the same time on the very doorstep of the metropolis of London.
If you don’t want to invest in London, but still want to be near the capital, then you should think about investing in Chatham property.
Chatham is a part of the conurbation of Gillingham, Rochester, Chatham, Rainham, and Strood which are traditionally known as the Medway towns. Built on the maritime history of shipbuilding, the Medway Towns is one of the largest urban areas in the southeast, with a population of 276,422, including 10,000 higher education students.
The first regeneration, the Chatham Waterfront, has the main goal to develop a high-quality, mixed-use development at the city centre’s waterfront location which will act as a driver for further regeneration in the area. Chatham Placemaking will improve journeys for both pedestrians and cyclists from Chatham railway station through to the Waterfront bus station and town centre.
As the main reason to invest in Chatham Property you only need to compare prices of properties in Chatham and London.
The average property price in London is £653,965, compared to £254,998 in Chatham. This information tells us that just 36 minutes away from London you can save around £400,000 which is a great sum of money, and it’s easy to see why people are choosing to invest in property for sale in Chatham instead of London. According to Zoopla, Chatham property has had a rise of 17.87% in the last five years.
We also need a mansion that the average rent for a one-bedroom flat in Chatham is around £636, compared to around £1,250 in London. With a year’s train travel between Chatham and London costing just over £4,000, people choosing to commute from Chatham could look at an overall annual saving of around £3,200 – a significant figure for many renters who may be looking to save for their own deposit.
With this in mind, it’s easy to see how the UK’s premier commuter towns can help correct the growing disparity between millennials looking to finance their first home purchase and investors looking for great rental returns and capital gains when buying a property for sale, as is the case in Chatham.
For investors, Chatham offers the opportunity for excellent capital appreciation, strong returns and growing tenant demand. Consequently, the need to purchase a property for sale in Chatham is growing.