Kent is regarded as the Garden of England because of its agricultural prowess and is considered as one of the best investment hotspots in the UK by the estate agents in Sittingbourne. Is Kent, however, a good place for property investors to put their money and develop their wealth? Here’s our list of the greatest places to invest in Kent.
Why Should You Invest in Kent?
Kent is a large county that stretches from the English Channel coast to the Greater London area. Kent is divided by areas that are densely populated and built up and areas that are calm and rural.
Kent’s economy is built on light manufacturing, financial services, public services, distribution, leisure and tourism, and transportation, in addition to agriculture. The Port of Dover and the Channel Tunnel, often known as the Eurotunnel, are key contributions to Kent’s economy. The North Kent Enterprise Zone aims to boost the county’s economy. Its goal is to create modern industries like medical technology, advanced manufacturing, engineering, and the digital sector. Ebbsfleet Garden City, Innovation Park Medway, and the Kent Medical Campus in Maidstone are among the projects. Kent is part of the Thames Estuary 2050 Growth Area. Commercial and industrial development is planned for the area.
Kent is known as the Garden of England and the Gateway to Europe because of its strategic location. The M20, M2, and A2 roads connect Kent to the Channel ports, London, and the rest of the UK. Kent offers rail connections not only to London but also to the rest of Europe. Ebbsfleet and Ashford International both have international stations with high-speed rail services. Ebbsfleet is only 20 minutes from London, and Ashford is only 40 minutes. By 2027, the new Lower Thames Crossing will connect Kent and Essex, making Kent (especially Medway) even better connected and more popular as a destination to do business, work, and live.
Kent is a rapidly increasing portion of the country in terms of population, which could assist to increase demand for housing in the future. According to this report, Kent’s population will grow by 400,000 people between now and 2031. Several districts of Kent are appealing to London commuters due to their accessibility. For London commuters, Kent towns within 30-45 minutes of downtown London might be quite appealing.
Kent estate agents also point out the advantage of having a student housing market in some locations of Kent. Canterbury and Medway are home to the University of Kent. There are campuses in Canterbury, Medway, and Tunbridge Wells for Canterbury Christ Church University. Canterbury and Rochester are both home to the University for the Creative Arts.
Kent Property Values
Outside of London, house prices in the southeast of England, of which Kent is a part, are the highest in the UK. According to HM Land Registry data, the average house price in the southeast is roughly £337,000. Kent, on the other hand, is increasing airly in the mixed property market. Although Kent has some pricey towns, it also has some inexpensive property hotspots, providing investors with the potential to find bargain property investments. Sevenoaks is the most costly big town in Kent. The Medway towns and Thanet are the cheapest places to buy property in Kent. While the most expensive residences in Kent cost over £4 million, investment property in Kent can be found for as little as £40,000, according to Zoopla.
Kent has a high rental demand.
The rental market in Kent is extremely diverse. It provides property investors with a variety of buy-to-let options. Locals, London commuters, and people coming to work in Kent are all in demand. There is also a student housing market in some Kent localities. Low property prices in some parts of Kent make shared housing or HMO-style accommodation common, which can provide significant returns. Investors considering investing in shared housing should consult with the relevant municipal authority about any licences that may be required. For property investors, Kent can provide good returns. Investors should expect a yield of at least 3% on average across the county, according to property.xyz, with some places offering substantially greater rates.
There is always a lot of talk about London being one of the best places in the world to buy property, but if you are struggling to get on the ladder and you want a better quality lifestyle then Kent might be the place to look. The commutes are much easier, there is a great selection of houses at very good prices, and you have far more space too. On top of this, Kent is a fantastic part of England and there are loads of things to do in the area.
If you want to buy property in London you need to be able to put down at least 20%. In Kent it’s more likely that you will be able to buy with 10% or less. This means it’s far easier for people who don’t have large sums of money saved up to get onto the ladder. Whether you want an apartment, a house or even something that needs renovating, there are loads of different types of properties in Kent. You can find new build apartments and houses while there are also plenty of properties that have character and charm too.
