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Southborough House Prices Southborough House Prices

The average house price in Southborough is £845,666 using HM Land Registry data.

The average property price increased by £156,339 (38.89%) over the last 5 years and increased by £31,246 (5.93%) over the last 12 months.

Over the last year, there were 104 residential property sales – a decrease of 77 transactions (-74.04%) relative to the previous year. The majority of house sales (32) were in the £340,000 - £480,000 range. Then came properties in the £200,000 - £340,000 range, where 28 were sold within this price bracket.

Excluding fall throughs, properties are taking an average of 61 days to sell (from being listed to completion) and the average difference between asking and sold prices is £-18,211 (-3%).

In April 2024, there were 18 new estate agency instructions, 19 agreed home sales and 7 property price reductions.

Neighbouring Areas: Royal Tunbridge Wells

Postcodes Covered: TN2, TN4

5-Year Average Property Prices in Southborough

38.89%

Property prices in Southborough increased by 38.89% 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 Southborough Over the Last Year

5.93%

Property prices in Southborough increased by 5.93% 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 Southborough - 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 61 to 80 days, the broad evidence suggests a slow moving market. This can often be due to estate agency over-valuations out of sync with the realities, a market slowdown or a combination of both. In such scenarios, some vendors may either choose to wait for the market to pick up (which may result in some relisting the property at a later date). Others simply reduce the price to a level that will entice more buyer 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 Southborough

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 Southborough

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 Southborough

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 Southborough since 1995

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

Recent Property Sales in Southborough

AddressInitial PriceSold PricePrice ChangeFirst Listed DateSold DateDays to Sell
45 Kibbles Lane, Tunbridge Wells, Kent, TN4 0JJ£250,000£249,000-£1,00017 Jul 202301 Mar 2024228 Days
17 Pennington Road, Tunbridge Wells, Kent, TN4 0SS£950,000£925,000-£25,00022 Aug 202325 Jan 2024156 Days
9 Vale Avenue, Southborough, Tunbridge Wells, Kent, TN4 0QL£750,000£738,000-£12,00025 Jul 202305 Jan 2024164 Days
7 Harland Way, Tunbridge Wells, Kent, TN4 0TQ£1,300,000£1,250,000-£50,00018 Jul 202314 Dec 2023149 Days
5 Carville Avenue, Tunbridge Wells, Kent, TN4 0QY£950,000£930,000-£20,00029 Jul 202313 Dec 2023137 Days
26 Fernhurst Crescent, Tunbridge Wells, Kent, TN4 0TD£550,000£546,000-£4,00017 Aug 202306 Dec 2023111 Days
46 Speldhurst Road, Tunbridge Wells, Kent, TN4 0DY£425,000£423,000-£2,00007 Jul 202306 Dec 2023152 Days
30 Woolley Road, Southborough, Tunbridge Wells, Kent, TN4 0LF£475,000£470,000-£5,00013 Mar 202317 Nov 2023249 Days
98 Springfield Road, Tunbridge Wells, Kent, TN4 0RA£375,000£345,000-£30,00018 Jan 202313 Nov 2023299 Days
108 Springfield Road, Tunbridge Wells, Kent, TN4 0RA£585,000£585,000£0026 Jun 202310 Nov 2023137 Days
45 Meadow Road, Southborough, Tunbridge Wells, Kent, TN4 0HL£400,000£395,000-£5,00011 Apr 202308 Nov 2023211 Days
29 Crundwell Road, Southborough, Tunbridge Wells, Kent, TN4 0LL£395,000£375,000-£20,00027 Jun 202303 Nov 2023129 Days
1b, Holden Road, Tunbridge Wells, Kent, TN4 0QD£300,000£278,000-£22,00020 Mar 202303 Nov 2023228 Days
8 Vale Road, Southborough, Tunbridge Wells, Kent, TN4 0QQ£450,000£445,000-£5,00019 Jun 202327 Oct 2023130 Days
33 Blackthorn Avenue, Tunbridge Wells, Kent, TN4 9YA£342,995£333,000-£9,99501 Aug 202326 Oct 202386 Days
5 Valley View, Tunbridge Wells, Kent, TN4 0SY£1,000,000£995,000-£5,00025 Apr 202326 Oct 2023184 Days
54 Prospect Road, Southborough, Tunbridge Wells, Kent, TN4 0EH£700,000£700,000£0011 Sep 202326 Oct 202345 Days
156 Powder Mill Lane, Southborough, Tunbridge Wells, Kent, TN4 9DT£675,000£600,000-£75,00021 Jul 202325 Oct 202396 Days
8 Pennington Place, Tunbridge Wells, Kent, TN4 0AQ£925,000£900,000-£25,00016 Mar 202325 Oct 2023223 Days
90 Springfield Road, Tunbridge Wells, Kent, TN4 0RA£550,000£550,000£0025 Apr 202311 Oct 2023169 Days

Most Expensive Streets in Southborough

PostcodeStreetAreaAverageNo. of Sales
TN4 0TQHarland WayTunbridge Wells£1,407,5004
TN4 0XDHolly HillTunbridge Wells£1,307,1005
TN4 0RYGlenmore PlaceSouthborough£1,106,2504
TN4 0QGHolden RoadTunbridge Wells£994,0005
TN4 0TWBounds Oak WayTunbridge Wells£874,0005
TN4 0SYValley ViewTunbridge Wells£870,0003
TN4 0BDYew Tree RoadTunbridge Wells£849,0005
TN4 0SSPennington RoadTunbridge Wells£815,5005
TN4 0NNPinewood GardensTunbridge Wells£801,2504
TN4 0AQPennington PlaceTunbridge Wells£792,19214

Least Expensive Streets in Southborough

PostcodeStreetAreaAverageNo. of Sales
TN4 0LYBrookfield CourtSpringfield Road£146,86118
TN4 0NWSt Andrews CourtPinewood Gardens£170,6663
TN4 0FHAtherstone HeightsSalomons Grove£187,3577
TN4 0PBLondon RoadSouthborough£193,8333
TN4 0SQDenington CourtPennington Road£203,3333
TN4 0JARosemeadSpeldhurst Road£216,06025
TN4 0NTSouthborough CourtPark Road£217,75012
TN4 0AWHorizon CloseTunbridge Wells£224,2857
TN4 0QEHeath ViewHolden Road£224,8758
TN4 0EUForge RoadTunbridge Wells£260,0004

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