The property market in the UK has seen its fair share of ups and downs over the years, but one thing remains constant: the value of property is always on the rise in some areas. For those looking to invest and the best areas to live in Kent, a county known for its picturesque landscapes, historical charm, and proximity to London, the time couldn’t be better. In this blog, we’ll explore the top 5 places in Kent where property prices are rising the fastest, offering a valuable insight for both investors and homebuyers.
1. Canterbury
Canterbury, a city steeped in history and culture, has always been a magnet for those seeking a unique blend of urban living and countryside charm. With its stunning cathedral, cobbled streets, and vibrant arts scene, it’s no surprise that property prices here are soaring. In recent years, Canterbury has experienced substantial investment in its infrastructure, including transport links and education facilities, making it a hotspot for families and young professionals alike.
The demand for properties in Canterbury has outstripped supply, leading to a steady increase in prices. In 2021, the average property price in Canterbury was around £320,000. However, as of 2023, that figure has risen to approximately £350,000, showcasing a remarkable growth rate. Canterbury is an excellent choice for both investors and those seeking a unique place to call home.
2. Tunbridge Wells
Tunbridge Wells, often referred to as “Royal Tunbridge Wells” due to its royal patronage, is another gem in Kent’s crown. This picturesque spa town boasts elegant Georgian architecture, beautiful parks, and excellent schools, making it a magnet for families and commuters. Its location, just 30 miles from London, has made it increasingly popular for those seeking a more peaceful, yet well-connected, lifestyle.
The property market in Tunbridge Wells has experienced robust growth in recent years, with the average house price climbing from approximately £385,000 in 2021 to nearly £420,000 in 2023. The town’s desirability, coupled with ongoing investments in local amenities, ensures that Tunbridge Wells remains a solid choice for property investors.
3. Sevenoaks
Sevenoaks is synonymous with affluence, and for good reason. This market town, surrounded by picturesque countryside and dotted with historic estates, is one of the most sought-after areas in Kent. It’s renowned for its top-notch schools, excellent transport links to London, and a thriving cultural scene. As a result, Sevenoaks has consistently attracted high-net-worth individuals and property investors.
The property market in Sevenoaks has seen impressive growth, with average house prices surging from around £550,000 in 2021 to approximately £610,000 in 2023. The demand for prestigious homes in this area continues to drive up prices, making Sevenoaks a prime location for those looking for a sound investment in the UK property market.
4. Ashford
Ashford, often referred to as the “Gateway to Europe” due to its proximity to the Eurostar terminal, has experienced a remarkable transformation in recent years. This vibrant town has attracted businesses and commuters alike, thanks to its fast train links to London and Europe. Ashford International Station has played a pivotal role in revitalising the local economy, leading to an influx of residents and property development.
The property market in Ashford has thrived, with average house prices rising from approximately £270,000 in 2021 to around £300,000 in 2023. This growth is set to continue as further investments in infrastructure and local amenities are planned. Ashford represents a golden opportunity for both homebuyers and investors, offering a blend of convenience and affordability.
5. Faversham
Faversham, a historic market town nestled on the north coast of Kent, exudes charm and character. Known for its medieval architecture, bustling markets, and proximity to the stunning North Kent coastline, Faversham has been gaining popularity among those seeking a quieter, more idyllic way of life.
The property market in Faversham has seen remarkable growth, with average house prices climbing from approximately £290,000 in 2021 to nearly £330,000 in 2023. This rise can be attributed to Faversham’s unique appeal, a combination of its rich history, excellent transport links, and access to the beautiful countryside. For those looking to escape the hustle and bustle of city life, Faversham presents a promising investment opportunity.
Conclusion:
Kent, with its diverse range of towns and cities, offers a plethora of opportunities for property investors and homebuyers alike. The top 5 places in Kent where prices are rising the fastest – Canterbury, Tunbridge Wells, Sevenoaks, Ashford, and Faversham – each offer their own unique blend of amenities, history, and charm. While property prices have steadily increased in these areas in recent years, they continue to represent sound investments in the UK property market. So, whether you’re looking for a historic city, a spa town, or a coastal retreat, Kent has something to offer for everyone.