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Royal Tunbridge Wells House Prices Royal Tunbridge Wells House Prices

The average house price in Royal Tunbridge Wells is £652,882 using HM Land Registry data.

The average property price increased by £94,797 (19.85%) over the last 5 years and increased by £18,946 (3.42%) over the last 12 months.

Over the last year, there were 665 residential property sales – a decrease of 468 transactions (-70.38%) relative to the previous year. The majority of house sales (182) were in the £352,000 - £504,000 range. Then came properties in the £200,000 - £352,000 range, where 170 were sold within this price bracket.

Excluding fall throughs, properties are taking an average of 89 days to sell (from being listed to completion) and the average difference between asking and sold prices is £-18,286 (-3%).

In April 2024, there were 148 new estate agency instructions, 98 agreed home sales and 96 property price reductions.

Neighbouring Areas: Southborough, Rusthall and Langton Green

Postcodes Covered: TN1, TN2, TN4

5-Year Average Property Prices in Royal Tunbridge Wells

19.85%

Property prices in Royal Tunbridge Wells increased by 19.85% in last 5 years.

The trend shows the general price tendency over the last 5 years, ignoring all month-to-month fluctuations where anomalies - typically over or underpriced property sales - can skew results. These monthly variations typically do not have any long-term relevance.

We have used linear regression method. The volume of sales in a month is used to put more weight on months with a larger number of properties sold. Additionally, weighting decreases the impact of months with low sales volumes as well as the most recent month - which may consist of incomplete data. Such months have a higher variation of average sale values which may conceal the underlying trend.

From a statistical perspective, we use the least squares method to fit the trend line and weights are equal to the volume of sales squared. The volume of sales is not shown explicitly in the above plot. Also note the time lag for HM Land Registry data to appear (typically 2 to 3 months).

Average Property Prices in Royal Tunbridge Wells Over the Last Year

3.42%

Property prices in Royal Tunbridge Wells increased by 3.42% in last 12 months.

The trend shows the general price tendency over the last 12 months, ignoring all month-to-month fluctuations where anomalies - typically over or underpriced property sales - can skew results. These monthly variations typically do not have any long-term relevance.

We have used linear regression method. The volume of sales in a month is used to put more weight on months with a larger number of properties sold. Additionally, weighting decreases the impact of months with low sales volumes as well as the most recent month - which may consist of incomplete data. Such months have a higher variation of average sale values which may conceal the underlying trend.

From a statistical perspective, we use the least squares method to fit the trend line and weights are equal to the volume of sales squared. The volume of sales is not shown explicitly in the above plot. Also note the time lag for HM Land Registry data to appear (typically 2 to 3 months).

Property Market Heat Gauge for Royal Tunbridge Wells - April 2024

Our Property Market Heat Gauge looks at how long properties in your postcode district have been on the open market before being changed to sold 'Subject to Contract' ('STC') or 'Under Offer' on Rightmove (the UK's leading property portal).

At 81 to 100 days, the broad evidence suggests a very slow moving market. This can often be due to estate agency over-valuations out of sync with the realities, a notable market slowdown or a combination of both. In such scenarios, vendors may either choose to wait for the market to pick up (which may result in relisting the property at a later date). Those committed to selling will often need to drop the price to a level that will entice genuine homebuyer interest or approach a sell house fast or auction company like Property Solvers.

Please note that this is not an indicator of how quickly property sales are taking to complete (i.e. to go through the whole conveyancing process). This measurement also does not take into account the risk of home sales falling through.

No. of New Instructions Over the Last 12 Months in Royal Tunbridge Wells

Using local estate agency reported data, this chart illustrates the number of properties that have come on to the market.

No. of Agreed Home Sales Over the Last 12 Months in Royal Tunbridge Wells

Using local estate agency reported data, this chart illustrates the number of property sales agreed. Note that these figures are not fully reflective of properties completed (sold and registered as such at HM Land Registry).

No. of Properties with Price Reductions in Royal Tunbridge Wells

Using local estate agency reported data, this chart illustrates the number of properties which have been seen their prices dropped (typically due to a lack of buyer interest).

Average Annual House Prices in the Royal Tunbridge Wells since 1995

Using HM Land Registry data, this chart displays average annual house prices in the Royal Tunbridge Wells area since 1995.

Recent Property Sales in Royal Tunbridge Wells

AddressInitial PriceSold PricePrice ChangeFirst Listed DateSold DateDays to Sell
Flat 25, St Philips Court, Sandhurst Road, Tunbridge Wells, Kent, TN2 3SW£160,000£125,000-£35,00006 Jul 202106 Mar 2024974 Days
33 Broadmead, Tunbridge Wells, Kent, TN2 5RN£460,000£415,000-£45,00011 Nov 202306 Mar 2024116 Days
35 Broadwater Rise, Tunbridge Wells, Kent, TN2 5UD£610,000£605,000-£5,00011 Oct 202301 Mar 2024142 Days
Impala Lodge, Impala Gardens, Tunbridge Wells, Kent, TN4 9PZ£1,150,000£1,130,000-£20,00012 Aug 202329 Feb 2024201 Days
49 Beulah Road, Tunbridge Wells, Kent, TN1 2NS£895,000£860,000-£35,00004 Oct 202322 Feb 2024141 Days
Flat 30, Sandrock House, Sandrock Road, Tunbridge Wells, Kent, TN2 3PZ£475,000£430,000-£45,00025 Sep 202316 Feb 2024144 Days
28 Scotts Way, Tunbridge Wells, Kent, TN2 5RG£575,000£530,000-£45,00014 Oct 202316 Feb 2024125 Days
141 Sherwood Road, Tunbridge Wells, Kent, TN2 3LE£325,000£325,000£0005 Oct 202316 Feb 2024134 Days
5 Molyneux Park Gardens, Tunbridge Wells, Kent, TN4 8DL£475,000£470,000-£5,00030 Oct 202314 Feb 2024107 Days
The Lodge, Auckland Road, Tunbridge Wells, Kent, TN1 2HU£650,000£630,000-£20,00003 Nov 202306 Feb 202495 Days
35 Queens Road, Tunbridge Wells, Kent, TN4 9LZ£2,250,000£2,100,000-£150,00005 Sep 202302 Feb 2024150 Days
3 Huntleys Park, Tunbridge Wells, Kent, TN4 9TD£1,075,000£1,050,000-£25,00004 Jul 202319 Jan 2024199 Days
10 Standen Street, Tunbridge Wells, Kent, TN4 9RJ£600,000£595,000-£5,00031 Aug 202317 Jan 2024139 Days
23 Hawkenbury Mead, Tunbridge Wells, Kent, TN2 5BU£230,000£217,500-£12,50011 Aug 202317 Jan 2024159 Days
10 Stafford Road, Tunbridge Wells, Kent, TN2 4QZ£325,000£312,500-£12,50025 Sep 202312 Jan 2024109 Days
25 John Street, Tunbridge Wells, Kent, TN4 9RR£475,000£455,000-£20,00019 Sep 202311 Jan 2024114 Days
10a, Yew Tree Road, Tunbridge Wells, Kent, TN4 0BA£695,000£650,000-£45,00027 Sep 202311 Jan 2024106 Days
10 Greggs Wood Road, Tunbridge Wells, Kent, TN2 3JL£325,000£325,000£0017 Oct 202308 Jan 202483 Days
1 Chilston Close, Tunbridge Wells, Kent, TN4 9LS£300,000£289,675-£10,32522 Jun 202319 Dec 2023180 Days
10 Teise Close, Tunbridge Wells, Kent, TN2 5JN£985,000£950,000-£35,00004 Aug 202318 Dec 2023136 Days

Most Expensive Streets in Royal Tunbridge Wells

PostcodeStreetAreaAverageNo. of Sales
TN4 8NNNevill ParkTunbridge Wells£2,690,0004
TN2 4TWCamden ParkTunbridge Wells£2,273,7504
TN1 2SLCalverley ParkTunbridge Wells£1,909,1663
TN2 5EHUpper Cumberland WalkTunbridge Wells£1,785,8663
TN2 5LPFrant RoadTunbridge Wells£1,488,8904
TN2 5EXForest RoadTunbridge Wells£1,485,0003
TN4 8NWNevill ParkTunbridge Wells£1,483,60010
TN2 3QYPembury RoadTunbridge Wells£1,466,2005
TN4 8AYRoyal ChaseTunbridge Wells£1,446,6663
TN4 8XPManor ParkTunbridge Wells£1,444,0254

Least Expensive Streets in Royal Tunbridge Wells

PostcodeStreetAreaAverageNo. of Sales
TN2 3FWBirch HouseThe Avenue£119,2857
TN4 8FBSpa CrescentTunbridge Wells£122,5005
TN1 2BHUpper Grosvenor RoadTunbridge Wells£123,8333
TN2 3SWSt Philips CourtSandhurst Road£133,13611
TN2 3FZHawthorn HouseThe Avenue£133,5205
TN1 2QYCamden RoadTunbridge Wells£138,3333
TN1 2SFCamden CourtCamden Road£139,2504
TN2 5RSThe GoodwinsTunbridge Wells£145,26913
TN1 2DUUpper Grosvenor RoadTunbridge Wells£146,2504
TN4 9TWMarconi PlaceExchange Mews£152,4449

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