London Road, Sittingbourne, Kent ME10
Commuter towns of London have really come of age. The push to have more and more people working from home, the availability of fast internet, video conferencing has seen demand being pushed to crazy levels. This, plus the price of London property has seen places like Sittingbourne in Kent become the future star performers in the race of the commuter towns.
Sittingbourne: An easy commute to London.
Sittingbourne is a fantastic area for property investment. It boasts great fundamentals and has only just started seeing major regeneration, leaving plenty of growth to be achieved by investors who add Sittingbourne property to their portfolios now.
The location of this development really couldn’t be better. It’s situated right on the A2, with links into London and other parts of Kent. Two major airports, Gatwick and London City, are less than an hour away by car, and the town’s three platform train station offers regular services into the capital and nearby towns. Commutes into London Victoria and St. Pancras International take around 1h 6mins and 56 mins respectively, while Kent employment hubs such as Maidstone and Canterbury are all within 35 minutes’ drive.
Not that Sittingbourne is without its own employment offerings; the town is set to see around 9,900 jobs created by 2031 as part of Kent County Council’s Growth and Infrastructure plan. The Thamesway Gate project aims to create 58,000 jobs by 2026 across North Kent, meaning many will be looking to settle in affordable and conveniently located towns like Sittingbourne.
The main distribution centre for the South East of England for Morrisons is located in Sittingbourne. A £57m regeneration project will see improvements made to the existing shopping centre, as well as the creation of a new shopping and leisure complex, which is expected to bring around 790 jobs to the area, 400 of which will be in construction.
To accommodate the expected new influx of residents, 1,160 new homes will be created in North West Sittingbourne, with another 213 developed as part of the new town centre. It is expected that the regeneration will bring in around £326m in inward investment over the next 10 years.
Sittingbourne house prices are very appealing, as the average property price is £237,850, according to RightMove. Prices here have increased by 29% since 2014, impressive figures for a community of only 62,500.
Kent is home to over 400 international companies offering a wide range of services, including Pfizer, Saga and Royal Bank of Scotland. Some 5,600 graduates work in Kent; 48% of these studied in the area. Employment is expected to soar thanks to the Thames Gateway, which is expected to increase at least 58,000 jobs by 2026.
Families and nature loving professionals will find other things to love about this commuter gem. Two nature reserves are located around 14 and 38 mins respectively from the development, and the coast is just a short train or car ride away.
Don’t miss out on this gem. Call your property consultant now on +44 (0)207 923 6100!
Major Regeneration to transform the area.
Sittingbourne is part of the Thames Gateway growth area, the largest single regeneration initiative in North west Europe, and the largest area of brownfield land in the South of England. Among other things, the initiative aims to:
● Raise the Gross Value Added (GVA) per head in North Kent to the average for the south east of England, attaining at least 90% of the south east average by 2026
● Create at least 50,000 new homes by 2026
● Improve the skills of North Kent’s workforce and increase employment, in part through the creation of at least 58,000 jobs by 2026
Sittingbourne is set to become one of North Kent’s most appealing destinations thanks to large-scale regeneration worth over £57m. The plans include creating a new shopping and leisure complex, as well as a library and other council led services. Other plans for Sittingbourne include:
● Creating around 1,160 new homes in North West Sittingbourne
● Improving public transport links between Isle of Sheppey, Sheerness and Sittingbourne
● Improving the A249/Grovehurst Road junction
● Improving roads to increase traffic flow in Sittingbourne
● Creating a new secondary school in North West Sittingbourne
● Improving capacity in primary care in Sittingbourne
These plans are all part of the Kent and Medway Growth and Infrastructure Framework, a collaboration between Kent County Council, Medway Council and the 12 district councils within Kent. It’s estimated the total investment into Kent and Medway infrastructure will total around £6.7bn.
Several national property developers have already seen Sittingbourne’s appeal and potential, and are creating large schemes near the town, which is set to bring an influx of residents to the Sittingbourne.
Nearby towns such as Maidstone, around 24 minutes by car, are also undergoing major regeneration projects which will include the creation of thousands of new jobs.
Thanks to the close proximity, Sittingbourne is set to benefit greatly from all the fantastic changes taking place in Kent, as well as seeing growth from the changes made in the town over the next decade.
Massive Investment potential
Sittingbourne will be improved thanks to a £57m regeneration project. It will improve the town centre through the inclusion of new multi-service centre, which will include a library and other Kent County Council and Swale District Council services.
Some other focus will be on creating better retail facilities. This will in part be done by creating a new shopping and leisure complex. New attractions and cultural facilities will also be established in Sittingbourne. As part of the plans, 213 apartments will create a new community right in the town centre.
It is estimated that the regeneration will bring 790 new jobs to Sittingbourne, and around £326m in inward investment over 10 years. Kent County Council has announced a Kent and Medway Growth and Infrastructure Framework, which will see vast improvements to the infrastructure in Swale. This includes improving roads and transport links in Sittingbourne, and is estimated to cost a total of around £495m.
Plans include creating around 1,160 new homes in North West Sittingbourne; improving public transport links between Isle of Sheppey, Sheerness and Sittingbourne; improving the A249/Grovehurst Road junction; improving roads to increase traffic flow in Sittingbourne; creating a new secondary school in North West Sittingbourne; and improving capacity in primary care in Sittingbourne.
Shops & Leisure
Shopping & Dining: A new shopping and leisure complex will be developed as part of the £57m Spirit of Sittingbourne regeneration programme spearheaded by Swale Borough Council. The Prince Street depot has been demolished to give way for new retail units, which will include household names such as Pizza Express, LIGHT Cinemas, and a Travelodge hotel.
The town is already home to The Forum shopping centre and its 24 shops and restaurants.
Canterbury and Maidstone, located around 32 and 24 minutes by car respectively, offer more shopping opportunities. The former is home to Whitefriars, which offers over 60 shops and restaurants, while the latter houses The Mall (70+ retail services) and Fremlin Walk (around 53 shops and restaurants.)
Sport & Culture: Gore Court Cricket Club is located around 9 mins’ walk from the development. The grounds have been in use since 1860, and are also home to Sittingbourne Rugby Club (founded in 1976), and Gore Court Hockey Club (established in 1908.)
Green Spaces: The Swale National Nature Reserve forms part of North Kent’s coastal marshlands. It’s also a special protection area with many rare and uncommon migrant moths, as well as wildfowl and waders. It’s located around 14 minutes by car or 38 minutes on cycle from the development.
Elmley National Nature Reserve is a nature reserve and family farm spanning 3,200 acres. It is home to wildfowl and waders, as well as a variety of terrestrial and aquatic species. The farm aspect of the reserve contains 900 native and continental breed cows and 1000 Romney sheep as part of a collaboration with other local farmers. It’s located around 33 minutes’ drive from the development.
We’re always looking for the perfect opportunities for our clients to add to their portfolios, and when we saw this one, we knew it was not just your average property. This development ticks all the boxes and encompasses all the aspects that savvy investors should be looking for.
I always say to forget the mantra ‘location, location, location’, but in this case, it really is one of its greatest selling points. It’s within commutable distances to both London and other major towns in Kent, so investors will have a wider pool of potential professional tenants to choose from.
Sittingbourne is growing thanks to major regeneration investments that are being made in the area. In the town centre alone, £57m will create new homes, a new shopping and leisure complex, and improve road access for residents and commuters. The area is also part of the Thames Gateway project, which will incorporate changes worth over £6.7bn across North Kent.
Several universities are located nearby, as are two nature reserves offering acres of green space and a wide variety of wildlife. Sittingbourne is also located close to the coast. For example, the town of Sheerness is only around a 22 minute drive or 17 minute train journey.
Add to this the fact that these apartments are incredibly affordable, both for the commuter belt and for Kent and it’s easy to see why this development is a great option for property investment. Call your Property Consultant today to find out more.
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