Should you
be investing in Gravesend or Rochester when it comes to rental property?
Both demographics
are similar in size, though taking into account the surrounding villages, have different average property values. The average value in Gravesend
is £249,660, while Rochester is £223,660, whilst the average rents are vice
versa - £802.00 per month in Gravesend and a whopping £983.00 per month
in Rochester. Now, compare these to the average rental values in Dartford at
£1,095.00 per month and Medway £847.00 per month - Rochester is way above the norm of Medway while Gravesend tends to languish behind Dartford. Purchasing a buy to let
property in Rochester gives an average yield of 4%, whereas in Gravesend it
gives 3%, compared to 3.5% across Medway and 4% in Dartford.
Both areas
have strong links to London but it seems Rochester pips Gravesend to the post
when it comes to rental yield. But, investing in property is all about what you
buy the property for. You make your money with your buying value, rather than
your eventual sale value. Over the last twelve months, property values in the DA
postcode have increased by 2.41%, against the national average of 1.31%, with
ME postcode coming in slightly under at 2.33% - still above the national
average. This is great for those that have already bought a property in either town.
If you are considering buying now and you would like our advice on what to
buy, feel free to call us on 01474 833050 or pop into our brand new office in Sutton-at-Hone, or our original Southfleet office - we make a mean cup of tea (and we like our biccies). You can also check out our website here,, or send me an email here.
