Search

High hopes for Olympic rentals in Gravesend

15:59 14 June 2012

Landlords are hoping to cash in on the Olympics

Landlords are hoping to cash in on the Olympics

Archant

»Optimistic landlords are bumping up their rents to eye-watering prices to capitalise on the once-in-a-lifetime opportunity of the Olympics.

With Ebbsfleet International train station nearby, Gravesend homeowners hope to cash in on visitors using the high-speed link into Stratford.

One two double-bed furnished flat in Windmill Drive, Gravesend, has a £2,000 per week price tag during the Games.

With average rental fees for a similar property in the area just £700 per month, it is an increase of more than 10 times the going rate.

A two-bed riverside flat near Fort Gardens is going for £600 per week and a five-bed detached house in Istead Rise is £1,250 per week.

Lee Smith, a landlord from Gravesend, has a four-bed property in Maritime Gate, Northfleet, advertised for £1,295 per week during the Olympics. But four weeks has gone by since he first put the flat on offer and so far there has been no interest.

Mr Smith said: “Some people are clutching straws. I’m not sure whether my property will go – I am hoping it will. The rent is normally £900 a month. I can fit nine people in there so it would be £100 a week per person.”

For two months Ron Evans and his wife Melanie have been advertising four bedrooms in their Cobham family home for £2,000 per week altogether, but without any takers.

He said: “We thought it would be good to meet people interested in the Olympics. Our aim wasn’t to make money but if we are going to do it, it needs to be worthwhile.”

Estate agents in Gravesend who know the market doubt that people will be willing to meet the offers on the Gravesend properties.

Diane Sauerback, from Martin & Co in Manor Road, said: “I don’t think they are going to get £8,000 a month. Anybody who is part of the Olympics will have sorted their accommodation ages ago. The proximity to Ebbsfleet doesn’t justify two grand a week. Part of me thinks it is sheer greed.”

0 comments

Latest News

Yesterday, 23:46

The ticket had fallen into the footwell of Michael Garrard’s car

Yesterday, 10:22
Classroom

Children can enter competition at creative writing session

Yesterday, 08:35
Take part in our survey

Click here to take our quick survey on your voting influences

Tue, 15:01
The overturned lorry in Northfleet.  Picture: Joe Bill

Driver escapes with no serious injuries

Tue, 14:19
Erith and Thamesmead MP Teresa Pearce at Bexley College

Erith and Thamesmead MP Teresa Pearce visited Bexley College

Tue, 13:42
B&Q. Picture: Getty Images.

An announcement is yet to be made.

Most read

Competitions

Vroom! You could be emmersed in the action at the MCE Insurance British Superbike Championship.

The MCE Insurance British Superbike Championship fires into Brands Hatch on 17/18/19 April for one of the most anticipated seasons in recent years as 39 riders are set for two fierce contests on the 1.2 mile Indy circuit.

Munch on a tasy three course dinner at The Refinery!

“Where to go for a drink near Great Portland Street?” was previously met with blank expressions and shrugs for those local to the area, not anymore, thanks to the opening of The Refinery at Regent’s Place, the eighth bar and restaurant from hugely-successful group Drake & Morgan.

Digital Edition

Image
Read the Gravesend Reporter e-edition today E-edition