Tunbridge Wells

Area Guide For Tunbridge Wells

Royal Tunbridge Wells (usually shortened to Tunbridge Wells) is a large town and Borough in west Kent, England, about 40 miles (64 km) south-east of central London by road, 34.5 miles (55.5 km) by rail. The town is close to the border of the county of East Sussex. It is situated at the northern edge of the High Weald, the sandstone geology of which is exemplified by the rock formations at the Wellington Rocks and High Rocks. The town came into being as a spa in Georgian times and had its heyday as a tourist resort under Richard (Beau) Nash when the Pantiles and its chalybeate spring attracted visitors who wished to take the waters. Though its popularity waned with the advent of sea bathing, the town remains popular and derives some 30% of its income from the tourist industry. The town has a population of around 56,500 and is the administrative centre of Tunbridge Wells Borough and the UK parliamentary constituency of Tunbridge Wells. In the United Kingdom Tunbridge Wells has a reputation as being the archetypal conservative "Middle England" town, a stereotype that is typified by the fictional letter-writer "Disgusted of Tunbridge Wells". There is evidence that during the Iron Age

 
 

Tunbridge Wells Map

Estimated Price: £433,021
Average Asking Price: £548,716
Price change in last one year: £43,304
Average Price Paid: £335,222
Average Rent Rates: £1,056

 
 

Property Prices Breakdown in Tunbridge Wells

Average Price for property in Tunbridge Wells is around £433,021 which varies based on type of property you are interested in and ranges from £746,924 for detached house to around £402,879 for semi-detached. Similarly terraced house is around £320,687 and a flat is worth £253,847. Values have been changing and have risen £2,977 in last 3 months alone. Similar historical trend can be observed in price changes e.g. prices changed £9,153 in last 6 months, £43,304 in last 1 year, £61,999 in last 2 years, £65,488 in last 3 years, £68,635 in last 4 years and £67,791 in last 5 years.

Currently average asking price of a property in Tunbridge Wells is around £548,716 based on approximately 1,414 properties for sale. Same is the case with rental options based on 143 properties up for rent, average asking rent is around £1,056 per month.

Estimated property value in Tunbridge Wells is £433,021. Average asking price is £548,716 while average price paid is £352,626 which is up by £43,304 and Avg. asking rent £1,056.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 Tunbridge Wells area. In last 1 year alone average price buyer paid is around £352,626 based on approximately 1,414 sales in Tunbridge Wells area alone. If you compare it to last 3 years sales of 4,042 properties where buyers paid around £342,512. 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 £335,222 for 6,671 and average amount paid for purchase of approx. 9,009 properties sold in last 7 years comes to about £325,691 per sale.

 
 

Properties For Sale in Tunbridge Wells

 
 

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 £208,571, £269,720 for a 2 bedroom house, £425,338 for a 3 bedroom house, £650,523 for a 4 bedroom house and £1,078,333 for a 5 bedroom house. For a flat similarly the prices varies from £163,527 for a single bedroom to £276,760 for a 2 bedroom Flat. Same is the case with 3 bedroom flat £562,496 and £425,000 for a 5 bedroom flat. To sum up the asking prices for properties in Tunbridge Wells it comes to around average £169,591 for 1 bedroom property, £274,113 for 2 bedroom, £445,551 for 3 bedroom, £650,523 for 4 bedroom and £1,050,532 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 £799 for 1 bedroom to £1,003 for 2 bedrooms, £1,353 for 3 bedrooms, £1,983 for 4 bedrooms and £2,576 for 5 bedrooms house. But if you are interested in renting a 1 bedroom flat then rent per month can be around £665. As the no. of bedroom increase so will the rent e.g. for a 2 bedroom flat it will be around £954 and £2,032 for 3 bedroom. You should be generally be expecting around average £674 rent per month for single bedroom property, £977 for 2 bedroom, £1,454 for 3 bedroom, £1,983 for 4 bedroom and approximately £2,576 for a 5 bedroom property in Tunbridge Wells area.

Popular Houses in Tunbridge Wells

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.

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