Why to invest in Chatham Property?
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.
The City 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.
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.
Chatham is experiencing 2 regeneration, which the first one is called the Chathams Waterfront project, and the second is the Chatham Placemaking projects. Chatham waterfront has the main goal to develop a high-quality, mixed-use development at the city center’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 center.
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. According to Zoopla, Chatham property has 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.
Knowing this information now probably made you think about investing in Chatham property.
On our website, you can find the latest properties for sale in Chatham, and feel free to contact our experts in Aspen Woolf for help.