This blog follows the buy-to-let market in Canterbury and the surrounding area. You'll find tips, guidance, and analysis that relates specifically to Canterbury and you'll also find properties from all the estate agents in the town on here that may make decent investments. I operate Martin & Co in Canterbury and if you're thinking of buying a property to let in Canterbury, I'm happy to offer a second opinion.
Wednesday, 24 December 2014
Whitstable v Herne Bay - Clash of the titans?
On Tuesday, I met with a charming
couple in Whitstable who asked me to take a look at their property on Island
Wall with regard to rentals. As per usual, we started to discuss the local area
and property values etc and they asked the question regarding property values
in their location versus other areas, for example Herne Bay. I replied that
property values in his area had exceeded all expectations and would of
out-performed Herne Bay easily. Upon my return to the office, I decided to
qualify my claim to ensure this was indeed the case. The results were very
For a degree of comparison, I decided to look at Island
Wall, Whitstable compared with Central Parade, Herne Bay. OK, it's not a
direct comparison, but at least we have reference point. The average value of a
property in their post code on Island Wall was circa £413K, in comparison to
£205K in Central Parade. Not an exact science, as the properties are different,
i.e. houses v apartments etc. The next test was to take a look at the capital
gains in both areas, over the past 1, 3 and 5 years and it was this set of data
that proved to be of interest. Yes, I was right, Island Wall has exceeded Herne
Bay in growth, but only marginal, as per the following stats.
Island Wall, Whitstable
1 year +6.47% 3
years +16.73% 5
Central Parade, Herne Bay
years +16.27% 5
The above just shows that
although Island Wall has performed well, Central Parade in Herne Bay was not
too far behind, which just goes to show that investors need to keep an open
mind on areas to invest in, as there may well be other areas to take a look at.
Incidentally, the above figures
also confirm my view of keeping an eye on Herne Bay!
Therefore, if you are considering
buying a property for investment in the near future, I am always happy to give
you my considered opinion on which investment to buy (or not as the case may
be) to give you what you want for your investment (yield, capital growth or a
bit of both). If you are a Landlord, new or old, pop in and see us at our
offices on Watling Street for a chat or email me direct on