The conurbation of Gillingham, Rochester, Chatham, Rainham and Strood is traditionally known as the Medway towns and has become one of the most desirable places to live in recent years due to its proximity to Central London. Medway is famous for being a maritime destination with shipbuilding a major industry along the banks of Kent’s longest river, the Medway.
Medway is a fantastic opportunity for investors today as people are continuing to leave the capital city in droves, opting for suburban areas where property prices are more affordable. Competitive prices coupled with promising development schemes being undertaken in the Medway towns have made the South East conurbation one of the most sought-after locations in the UK.
House prices have increased rapidly over the last decade, rising by 29% since 2004, with Medway taking advantage of young professionals being priced out of London property. Despite being voted as the best city in the world in 2016 by consultancy firm PwC, cash-strapped Londoners between the ages of 30-39 in particular are leaving the city in great numbers, with many moving to nearby towns in the commuter belt. Developments like X1 Chatham Waters which lie only 45 minutes from London by direct train are sure to be popular alternatives.
House prices in Medway up 29% since 2004
Medway is home to 10,000 students
Medway is less than 35 miles from Central London
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Find out why this is the best time to invest in UK buy-to-let
What makes Medway one of the best places in the UK to invest?
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