Addressed bags new site in South East’s Next Property Hotspot!

Another win for Addressed…. we have been chosen as sole letting agent for the landmark new town centre development in Gravesend, Kent.  Thanks to our strategic partnership with Master Sales Agents, Heron Property Partners, we have secured the rights to tenant & manage all 86 luxury apartments, just 23 minutes from central London.  This means all properties can be rented out prior to sales completing, meaning investors can enjoy an income from day 1.

This exciting investment opportunity in the heart of Gravesend is initially available at reduced phase 1 prices for ‘early bird’ investors - with one bed apartments starting from as little as £175,000 and yields of over 8%, a hugely impressive figure for a London commuter town! That’s not the only reason why we are so excited about this opportunity…

The trend of people leaving the capital due to high prices and seeking more affordable options in surrounding areas is not uncommon. Kent, with its proximity to London and relatively lower housing costs, has indeed become an attractive destination for many who are seeking to escape the high prices of Greater London while still maintaining access to the city for work or other purposes. It should therefore come as no shock that Kent has been named the top destination for those leaving Greater London!

The Thames Estuary is backed by the Government as the UK’s number one growth opportunity as such they have launched a new development initiative that could add up to £115bn to the UK economy. Named the “Green Blue”, the scheme comprises 30 individual projects in the south-east, with the potential to create 1.5m jobs.

With arguably the most undervalued property prices for its proximity to London, the major regeneration projects both in the town centre and immediate surrounding area, Gravesend offers huge potential for capital growth.

Zoopla recorded Gravesham as having the shortest list time across a five-year average of 30 days - The shortest of any Kent borough, indicating demand for property in the area is high.

The Development

The quality of these apartments will be unlike anything in the private rental market within Gravesend, with each kitchen fitted with Bosch appliances and stone work-surfaces, along with the genuine Karndean flooring to be used throughout.

If this investment sounds of interest or you are looking to add to your property portfolio in 2024, please give us a call.

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