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New build flats go on sale from £205k within a 50-minute commute from London - and they're in property hotspot Dartford

  • New development of 400 flats starting from £204,995 launches next month
  • The new build homes are a 50 minute commute to London's Cannon Street
  • Dartford in Kent was recently named as a property hotspot

A development of 400 new build flats which are within a 50 minute commute from the centre of London goes on the market for sale next month.

The flats, with prices starting at £205,000, are a five-minute walk from Dartford station where trains reach London's Cannon Street in 41 minutes.

The £90million development comes complete with shops and office space, along with plenty of green spaces. Prices start from £204,995, which is significantly lower than the £446,081 paid on average for a flat in London.

It means a home could be bought with a 5 per cent deposit of £10,250 and a household income of £43,000 based on a maximum 4.5 times income.

Dartford is attracting attention as a property hotspot after figures earlier this week suggested it is the fastest place in Britain to sell a home.

Demand for homes in the area is increasing as buyers are priced out of more central postcodes in the capital.

It takes just 16 days to sell a home in the Kent borough, according to the data compiled by property website Rightmove. This compares to almost three months on average for the country as a whole.

The selling time is in sharp contrast to this time last year when homes in Dartford were on the market for 49 days before being sold.

The new flats at Langley Square are on a site once owned in the 1850s by the Phoenix Paper Mill. This was replaced in 1889 by the Wellcome Pharmaceutical Factory, which is said to have supplied medicine chests to the Royal Family.

In its Edwardian heyday, the factory employed more than 1,300 people and relied on raw material transported up the nearby River Darent by barge.

After the Second World War, the company moved to a different site and by 2008 the factory was wound down and eventually closed by its then owners GlaxoSmithKline. Plans to regenerate the area have been in the pipeline since 2010.

Bob Weston, chief executive of Weston Group - which is developing the site - said: "Langley Square is ideal for those looking to own a new home in a country setting and benefits from excellent connections and outstanding lifestyle facilities on the doorstep."

Each flat at the development will include oak engineered flooring, designer Oakwood kitchens and luxury bathrooms.

Read more online at thisismoney.co.uk.