In this article, we look at where the hottest property markets are in Kent as well as places where significant developments are planned for investors to keep an eye on.
In terms of house price growth, Margate in Thanet is still top of the list with house prices more than doubling over the last decade. Investors in Thanet are advised to check rental yields and make sure that their properties are still profitable, and incomes are sufficient to cover costs. Could now be the right time to sell if you are a Thanet investor?
Elsewhere in the county, there are several significant ‘garden village/town’ developments underway or coming soon. Close to our offices, is the planned Otterpool Park garden town, approved back in 2016.
The 770-hectare greenfield site is set to come with its own high street, two secondary schools, seven primary schools and commercial space.
The scheme is marketed as 50 per cent green space and an upgrade to nearby Westenhanger station to include High Speed train services is set to provide a key link to London in under an hour.
Despite being branded as a development which will bring affordable homes, it has been met with mass opposition from people living across the Folkestone and Hythe district.
Investors watch this space!
IS YOUR PROPERTY PORTFOLIO STUCK IN A RUT?
ARE YOU NOT MAKING AS MUCH MONEY AS YOU SHOULD?
DO YOU WANT TO CHANGE STRATEGY, BUT DON’T KNOW WHERE TO START?
*** You need a Portfolio Review! ***
This service is provided by our sister company – The Property Lifeboat – all you have to do is fill out our questionnaire to help us know more about your challenges, you will then get a FREE 15 minutes preliminary phone call, which will be followed by your 60 minutes Zoom ONE to ONE training personalised to YOU!
YOU CANNOT AFFORD TO WAIT ANY LONGER!
Start with filling out the questionnaire below and start your journey to achieving your goals!
The price for the tailored hour session is ONLY £149 and will be payable after we receive your questionnaire.
