Kent is renowned as the Garden of England because of its agricultural prowess. Is Kent, however, a good region to invest and grow money for property investors? Here’s our guide to the best buy-to-let locations in Kent.
Why Should You Invest in Kent?
Kent is a large county that stretches from the English Channel to Greater London. 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 Channel Tunnel, or Eurotunnel, at Folkestone, and the Port of Dover are key contributors to the Kent economy.
Kent is known as the Garden of England and the Gateway to Europe due to its strategic location. The M20, M2, and A2 roads connect Kent to the Channel ports, London, and the rest of the country. 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. Sittingbourne letting agents say that this is one of the important reasons for the growing popularity.
Ashford was once a market town, military outpost, and manufacturing hub that has grown rapidly in recent decades. It has a rapidly rising population, and several new housing developments have significantly extended the town. To find your dream home in the area, seek the help of estate agents in Sittingbourne who can speed up the buying process. Ashford has a convenient location on the M20, as well as the Ashford International train station. For individuals who need to drive around Kent, Ashford is a popular area to buy or hire a car. According to data from Home.co.uk’s Market Rent Summary, the average rent in Ashford is present £1,080 per month. According to property.xyz, gross average rental yields in Ashford are 4% in the TN23 through TN27 postcode districts.
Canterbury has a population of around 55,000 people, with an average house price of £322,276. Canterbury is a desirable district of Kent to live in because it is one of the UK’s most historic cities. Canterbury has a brisk tourist season, with 7.8 million tourists visiting Canterbury Cathedral and other attractions each year. Canterbury is also Kent’s largest student city, with student property options for investors. According to data from Home.co.uk’s Market Rent Summary, the average rent in Canterbury is presently £1,310 per month. According to property, gross average rental yields in Canterbury range from 5.3 percent to 5.7 percent in the CT1 and CT2 postcode districts.
Dartford has a population of around 110,000 people, with an average house price of £321,788. Dartford has always been a key employment centre and an industrial and manufacturing town. Dartford, which is famous for the Dartford Crossing on the River Thames, has easy access to Kent, Essex, and the rest of the UK. Dartford’s proximity to London makes it appealing to London commuters as a good value area to reside. Dartford Borough Council has a redevelopment plan in place to make the town a better place to live. Swanscombe is to the east, near to Gravesend. There are proposals to build The London Resort, a Disneyland-style theme park. This has the potential to revolutionise the local economy and create numerous jobs.
Average House Price: £269,196 Deal has a population of around 30,000 people (Dover district). Deal is a tiny town on the east Kent coast. Deal, once a bustling port and military outpost, is now primarily a tranquil tourist and residential destination that is regarded as a fashionable location to live. Deal has been named one of the best locations to live by The New York Times. According to data from Home.co.uk’s Market Rent Summary, the average rent in Deal is presently £1,000 per month. According to property, gross average rental yields in Deal are 3.2 percent in the CT14 postcode region.
Gravesend has a population of around 74,000 people, with an average house price of £302,128. (Gravesham district) Gravesend is located in north-west Kent, around 20 miles west of London. Gravesend is a historic marine town that was once a major manufacturing centre, but now its economy is centred on services. Gravesend has excellent train connections to London and is easily accessible through the A2, M2, and M25 highways. The quickest route to London is only 24 minutes. In comparison to Greater London, it attracts buyers and tenants searching for good value.
According to data from Home.co.uk’s Market Rent Summary, the average rent in Gravesend is presently £981 per month. Studies report gross average rental yields in Gravesend are 3.7 percent in the DA11 and DA12 postcode areas.
Property in Kent remains one of the East of England’s most sought after investments. If you are thinking of becoming a property investor, it is very likely that you will have to consider the Kent region. Our top 5 areas for Buy-to-Let in Kent are all suburbs, which are reasonably priced, with good prospects and opportunities that you can get a good return if rented out. All the suggested areas within each of the respective classes offer excellent facilities, both in educational establishments and health services, which will give your tenants a lot of reasons to stay.