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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 the number of people leaving London for destinations like Medway has increased by 55% in the last five years. The lower prices, more tranquil living environment and proximity to the capital via convenient train routes makes Medway an ideal location for young professional renters.
For investors, the appeal of Medway is obvious. The median monthly rent in the region has risen by 15.4% since 2014 according to the Valuation Office Agency and house prices are on an equally impressive upwards trajectory. For instance, house prices in Chatham have grown by more than 35% in the last five years according to Zoopla.
House prices in Chatham have increased by more than 35% in the last 5 years
Medway is less than 45 minutes away from London St. Pancras station by direct train
Rents have risen more than 15% in Medway since 2014
Which factors are the most important to consider before investing?
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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