Pennington Road, Southborough, Tunbridge Wells, TN4

Street Guide For Pennington Road, Southborough, Tunbridge Wells, TN4

 
 

Pennington Road, Southborough, Tunbridge Wells, TN4 Map

Estimated Price: £605,664
Average Asking Price: £559,703
Price change in last one year: £58,316
Average Price Paid: £336,442
Average Rent Rates: £988

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Property Prices Breakdown in Pennington Road, Southborough, Tunbridge Wells, TN4

Average Price for property in Pennington Road, Southborough, Tunbridge Wells, TN4 is around £605,664 which varies based on type of property you are interested in and ranges from £922,492 for detached house to around £687,063 for semi-detached. Similarly terraced house is around £287,737 and a flat is worth £242,247. Values have been changing and have risen £5,861 in last 3 months alone. Similar historical trend can be observed in price changes e.g. prices changed £17,134 in last 6 months, £58,316 in last 1 year, £77,727 in last 2 years, £93,222 in last 3 years, £86,084 in last 4 years and £84,351 in last 5 years.

Currently average asking price of a property in Pennington Road, Southborough, Tunbridge Wells, TN4 is around £559,703 based on approximately 4 properties for sale. Same is the case with rental options based on 41 properties up for rent, average asking rent is around £988 per month.

Estimated property value in Pennington Road, Southborough, Tunbridge Wells, TN4 is £605,664. Average asking price is £559,703 while average price paid is £291,146 which is up by £58,316 and Avg. asking rent £988.Based on an Online Survey

Buyers are willing to pay high dollar prices to grab these properties because of the recent trend in real estate investment especially in Pennington Road, Southborough, Tunbridge Wells, TN4 area. In last 1 year alone average price buyer paid is around £291,146 based on approximately 4 sales in Pennington Road, Southborough, Tunbridge Wells, TN4 area alone. If you compare it to last 3 years sales of 8 properties where buyers paid around £268,260. It has been same for some time now for e.g. if you take an average of amount paid in last 5 years, it comes to around £336,442 for 14 and average amount paid for purchase of approx. 24 properties sold in last 7 years comes to about £351,778 per sale.

 
 
 
 

Breakdown of asking prices for homes of different sizes show that price varies clearly based on no of bedrooms and type of house. Asking price for a house with 1 bedroom is around £235,000, £288,991 for a 2 bedroom house, £352,681 for a 3 bedroom house, £687,889 for a 4 bedroom house and £1,038,333 for a 5 bedroom house. For a flat similarly the prices varies from £165,350 for a single bedroom to £259,815 for a 2 bedroom Flat. Same is the case with 3 bedroom flat £368,738. To sum up the asking prices for properties in Pennington Road, Southborough, Tunbridge Wells, TN4 it comes to around average £169,993 for 1 bedroom property, £268,151 for 2 bedroom, £354,753 for 3 bedroom, £687,889 for 4 bedroom and £1,038,333 for a 5 bedroom property.

Rent per calendar month varies similarly based on type and size of the house. If you look at the rents per month for houses alone it can vary from £964 for 2 bedroom to £1,298 for 3 bedroom and £1,798 for 4 bedroom. But if you are interested in renting a 1 bedroom flat then rent per month can be around £674. As the no. of bedroom increase so will the rent e.g. for a 2 bedroom flat it will be around £983 and £1,395 for 3 bedroom. You should be generally be expecting around average £674 rent per month for single bedroom property, £975 for 2 bedroom, £1,308 for 3 bedroom and approximately £1,798 for 4 bedroom property in Pennington Road, Southborough, Tunbridge Wells, TN4 area.

Popular Houses in Pennington Road, Southborough, Tunbridge Wells, TN4

Disclaimer : Location real estate estimates and values are based on House price index background data and Sales data provided by United Kingdom Land registry Records available as public records from their website. This information is updated monthly on our website and may not reflect all public transactions. This information is based on estimated calculation generated from our developed algorithms. We are striving to make this information as accurate and useful as possible. This data covers the transactions received at Land Registry in the period 1/1/1995 to 9/1/2014. © Crown copyright 2014. Data produced by Land Registry © Crown copyright 2014.

Areas in and around Pennington Road, Southborough, Tunbridge Wells, TN4