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Well my recent articles about Strood’s most moved street in the last 3 years and the Monopoly board article (the one where I listed the most valuable streets) caused quite a lot of interest locally, so I decided to see what else I could find out about the ME2 postcode area, and I have been able find out the biggest streets in the Strood (ME2) postcode area.
Don’t worry, I will get back to some hard-hitting articles about the lack of new homes being built in Strood, the trials and tribulations of being a Strood buy-to-let landlord and the future of the Strood property market .. yet in this article because of the previous positive comments, I wanted to give you what you, the Strood homeowners and Strood landlords asked about and wanted!
The biggest street in ME2, when it comes to the number of houses on it is Darnley Road, with 337 homes. In second place is High Street with 278 homes and in third is Hawthorn Road with 261 homes.
Yet, size isn’t everything and the most valuable street of the top 20 biggest streets is Brompton Farm Road at £91.1m with an average value of £465,000 per property.
The street with the greatest number of movers in the last 3 years is Hawthorn Road, yet its saleability rate was only 13.4%, with Silver Streak Way having the highest saleability rate of 20.0%.
The full breakdown can be found in this chart below.
Yet, did you really think I wouldn’t get at all serious ..
The basic rudiments of the Medway property market remain principally healthy in many parts of Strood, yet the existing political environment means that the vital element of confidence has been diminished slightly in certain parts, and that is triggering a minority of potential property purchasers and house-sellers to vacillate, yet with unemployment at an all-time low, a record number of people with a job, ultra-low interest rates and decent mortgage availability (with the Banks and Building Societies tending to drop mortgage rates instead of increasing them), those Medway first time buyers (and especially Medway buy-to-let landlords) who have adjourned their next house purchase because of perceived political uncertainty should be reminded that talking to many of my fellow Medway agents they have more homes on their books than at any time for the last three or four years, so there is a greater choice of Medway properties to call your next home/BTL investment with a potential of securing a great property deal in the next month or so.
Irrespective of what happens with Brexit, Medway people will still need a roof over their heads and as I have mentioned on a number of occasions, I have proved beyond doubt we aren’t building enough homes both locally in Medway and nationally. If supply is limited and demand increases (as the population grows and we get older), prices in the medium to long term can only go in one direction. Upwards!
So, whatever happens with BoJo and Brexit – why wait, because once we get over that hurdle, there will just be another hurdle and another hurdle and by which time – we will be in 2029 and you would have missed the boat. We survived the Global Financial Crash, 3-day week in 1970s’, hyperinflation etc etc … yet the choice is yours.
One place for more information is my Medway Property Market blog. If you are a landlord or thinking of becoming one for the first time, and you want to read more articles like this about the Medway property market together with regular postings on what I consider the best buy to let deals in Medway, then it is well worth reading. You can also email me at email@example.com
If you are in the area feel free to pop into the office which is based at Station Road, Strood, Kent, ME2 4WQ
Don’t forget to visit the links below to view back dated deals and Medway Property News.