Why Invest in Medway Property?

Medway Overview

The conurbation of Gillingham, Rochester, Chatham, Rainham and Strood is traditionally known as the Medway towns, and its proximity to London has made it one of the most desirable places to live in the UK. Previously famous for being a maritime and ship building destination, the Medway towns are now some of the most popular places for commuters who work in the capital but want to live somewhere more tranquil.

As well as being only 35 miles away from London, towns such as Chatham are attractive in their own right. The level of investment pouring into Medway is significant, and complements the already impressive higher education and business sectors. More and more people are moving to the area to take advantage of the opportunities and unbeatable location on offer, and this impressive population growth is predicted to continue well into the future as the trend of people leaving London shows little sign of abating. This is the perfect time to invest in an area which is already undergoing an incredible transformation.

Connectivity

Medway is the ideal London commuter belt location for both young professionals and families who work in the city but desire a more peaceful life by the waterfront. London St. Pancras station is 45 minutes from Medway by direct train and residents are also close to the national motorway network. The M2, M20 and M25 are all easily accessible from Medway and provide convenient access to the rest of the South East, including sites like the Bluewater Shopping Centre which is only a short drive away.

Business

More than £1bn of investment into the area has opened up a whole range of opportunities for business, employment, leisure and retail. This includes the Thames Gateway regeneration programme, one of the largest developments in Europe, which is turning the region into a world-class eco-region. One of the main focusses of this regeneration is the Chatham Waters development which is turning former dockland into one of the UK’s most in demand rental and lifestyle destinations.

Housing

House prices across Medway have been growing strongly for many years thanks to an ongoing influx of young professionals leaving London – in the last year alone almost 5,000 people moved to Medway from the capital. Such rapid population growth increases competition and pushes house prices up at a similar pace. For instance, Chatham has seen property values rise by more than 35% in the past five years and it is likely that more growth will follow in the future. It also pushes rents up, with data from the Valuation Office Agency showing that the median monthly rent has risen by 15.4% since 2014.