22nd January 2018
Kent has some of the best-priced areas to live if you’re renting and commuting to London – and it’s not just Caxtons that says so. Recent articles in the national press have underpinned what we’ve always known!
Having reviewed 18 areas where commuting into London was viable, BBC News website carried an article reporting their findings. They concluded that tenants renting in Chatham would benefit from more affordable living, reasonable annual travel costs and all within a sensible commute to London. With an annual season ticket from Chatham to Victoria currently costing £4,124, plus £866 average rent for a two or three bedroom property in the town it makes this North Kent location a great alternative to pricier postcodes. Caxtons is currently marketing a three-bedroom terrace house on a no-through road in Chatham at just £750 per month. That beats the BBC’s average 3-bed rental property and makes a massive saving on Greater London, which when their travel and rental costs are combined amounts to £22,604 annually.
Caxtons says there are other areas in Kent, within a reasonable commute to London, and these include Maidstone. While the cost of an annual season ticket is a substantial £4,496, the average rent for a two or three bedroom property would be £10,788, so still well under the £22,000 highlighted by the BBC.
Amelia Pavey, Head of Residential Lettings across the Medway and North Kent towns said: “We have some great, reasonably priced rental properties at Caxtons and are always looking for more. We understand that while it may be exciting to live and work in the centre of London, there comes a time when, for many people, the life work balance changes – that may happen when you meet a long term partner, start a family, or just want to live out of town – and that’s where we can help. We have let properties across Kent, from the coastal towns to the banks of the Thames, and understand not only the financial implications, but also the emotional value of property and how important each one is for both landlords and tenants alike.”
Amelia continued: “Another property we are marketing in an area that would provide an excellent alternative to a Greater London postcode is a spacious 3-bedroom mid-terraced house, just a short walk from Gravesend station. With frequent trains to a number of London destinations it would certainly be one to look at. And adding the rent of £950 a month together with annual commuting costs to London terminals at £3,646, it makes a total travel and rental sum of £15,046, £7K below the baseline.”
For more information contact Amelia on 01634 576000 or email her at [email protected].