Tunbridge Wells Property Market Declines By 2% in 2016 Due to Brexit and Stamp Duty Changes

Story Highlights

  • Tunbridge Wells had total property sales of £941 millions in 2016
  • The total number of properties sold in 2016 was 2098
  • The average sales price in Tunbridge Wells was £448 K, whereas the median was £327 K
  • New Property sales were 5.27% by value, whereas Not New Property contributed 94.73%.
  • Stamp duty changes caused monthly spike in March
  • Brexit coupled with Stamp Duty changes  have negative impact, there was decline of 2.0%

 

 Tunbridge Wells is one of the districts of Kent

Total Sales By Property Type

Tunbridge Wells - Total Sales By Property Type

Tunbridge Wells had total property sales of £941 millions which was 10.09% of the total Kent Property Market 2016

The split of £941 millions  across the different property types are:

  • Detached £325 millions (34.6%)
  • Semi-Detached £229 millions (24.39%)
  • Terraced £164 millions (17.4%)
  • Flat/Maisonette £135 millions (14.38%)
  • Other £87 millions (9.22%)

 

Tunbridge Wells Property Market at Postcode Level

Postcode Coverage Area School Local Authority Area
TN1 Royal Tunbridge Wells(town centre) Details Tunbridge Wells
TN2 Royal Tunbridge Wells,Pembury Details Tunbridge Wells
TN3 Langton Green,Groombridge,Frant,Speldhurst,Lamberh urst Details Tunbridge Wells, Wealden
TN4 Royal Tunbridge Wells, Rusthall,Southborough Details Tunbridge Wells
TN11 Penshurst,Hildenborough,Hadlow Details Sevenoaks, Tonbridge and Malling, Tunbridge Wells
TN12 Paddock Wood,Staplehurst,Brenchley,Horsmonden,Mard en,East Peckham Details Maidstone, Tonbridge and Malling, Tunbridge Wells
TN17 Cranbrook,Goudhurst,Benenden,Frittenden Details Ashford, Tunbridge Wells
TN18 Hawkhurst,Sandhurst Details Tunbridge Wells

 

Month-wise Break-up of Total Sales

Tunbridge Wells - Month-wise Break-up of Total Sales

 Some of the insights based on the £941 millions month-wise break-down :

Stamp Duty Hike Impact

  1. March had property sale spike of £118 millions compared to £56 millions in Feb and then sales sharply drop
  2. The impetus for it was to avoid the extra 3% in Stamp Duty Tax applicable on buying an additional home, being applicable from April 1 2016

Brexit Impact

  1. Brexit took place on 23rd June 2016.
  2. Year on Year decline  has been 2.0% in 2016 over 2015
  3. Brexit coupled with Stamp Duty Hike had negative impact on Tunbridge Wells Property Market in 2016

 

Total No Of Properties Sold By Property Type

Tunbridge Wells - Total No Of Properties Sold By Property Type

 Tunbridge Wells had total property sales of 2098.  The split across the different property types are:

  • Semi-Detached 557 (26.55%)
  • Flat/Maisonette 546 (26.02%)
  • Terraced 476 (22.69%)
  • Detached 443 (21.12%)
  • Other 76 (3.62%)

 

Average & Median Sales Price

Tunbridge Wells - Average & Median Sales Price

 The average sales price in Tunbridge Wells was £448 K and for different property types it was:

  • Detached £735 K
  • Semi-Detached £412 K
  • Terraced £344 K
  • Flat/Maisonette £248 K
  • Other it is £1.14 millions

Similarly median sales price in Tunbridge Wells was £327 K and for different property types are:

  • Detached £660 K
  • Semi-Detached £355 K
  • Terraced £295 K
  • Flat/Maisonette £218 K
  • Other it is £515 K

 

New Vs Not New Property Statistics

Tunbridge Wells - New Vs Not New Property Statistics

 By Sales Value the split is as follows:

  • New Property contributed £50 millions (5.27%)
  • Not New Property contributed £891 millions (94.73%)

By Total Number the split is as follows:

  • New properties sold were 97 (4.62%)
  • Not new property sold were 2,001 (95.38%)

 

 All Kent Posts

 

Maidstone Property Market Grows in 2016 Grows 2.17% Despite Brexit and Stamp Duty Hike

Story Highlights

  • Maidstone had total property sales of £965 millions in 2016
  • The total number of properties sold in 2016 was 3120
  • The average sales price in Maidstone was £309 K, whereas the median was £268 K
  • New Property sales were 10.52% by value, whereas Not New Property contributed 89.48%.
  • Stamp duty changes caused monthly spike in March
  • Brexit coupled with Stamp Duty changes did not have negative impact, there was growth of 2.17%

 

Maidstone is one of the districts of Kent.

Total Sales By Property Type
Maidstone - Total Sales By Property Type

 Maidstone had total property sales of £965 millions which was 10.35% of the total Kent Property Market 2016

The split £965 millions across the different property types are:

  • Detached £308 millions (31.96%)
  • Semi-Detached £249 millions (25.85%)
  • Terraced £218 millions (22.64%)
  • Flat/Maisonette £113 millions (11.71%)
  • Other £76 millions (7.84%)

 

Maidstone Property Market at Postcode Level

Postcode Coverage Area School Local Authority Area
ME5 Walderslade,Blue Bell Hill,Lordswood,Luton Details Medway, Maidstone, Tonbridge and Malling
ME14 Maidstone,Bearsted,Grove Green Details Maidstone
ME15 Bearsted(Madginford),Downswood,Shepway,Senacre, Ma idstone Town Centre,Loose,Mangravet,Park Wood,Tovi l,East Farleigh,West Farleigh Details Maidstone
ME16 Barming,Allingtonand west Maidstone Details Maidstone
ME17 Hollingbourne,Hucking,Harrietsham,Lenham,Boughton Monchelsea,Linton,Coxheath,Chart Sutton,East Sutto n,Langley,Kingswood,Sutton Valence Details Maidstone
ME18 Wateringbury,Mereworth,Teston,Nettlestead,West Pec kham,Yalding,Laddingford Details Maidstone, Tonbridge and Malling
TN12 Paddock Wood,Staplehurst,Brenchley,Horsmonden,Mard en,East Peckham Details Maidstone, Tonbridge and Malling, Tunbridge Wells
TN27 Headcorn,Biddenden Details Ashford, Maidstone

 

Month-wise Break-up of Total Sales
Maidstone - Month-wise Break-up of Total Sales

 Some of the insights based on the £965 millions month-wise break-down :

Stamp Duty Hike Impact

  1. March had property sale spike of £118 millions compared to £67 millions in Feb
  2. The impetus for it was to avoid the extra 3% in Stamp Duty Tax applicable on buying an additional home, being applicable from April 1 2016

Brexit Impact

  1. Brexit took place on 23rd June 2016.
  2. Year on Year growth  has been 2.17% in 2016
  3. Brexit coupled with Stamp Duty Hike did not have negative impact on Maidstone Property Market in 2016

 

 

Total No Of Properties Sold By Property Type
Maidstone - Total No Of Properties Sold By Property Type

 Maidstone had total property sales of 3120.  The split across different property types are:

  • Terraced 883 (28.3%)
  • Semi-Detached 820 (26.28%)
  • Flat/Maisonette 677 (21.7%)
  • Detached 646 (20.71%)
  • Other 94 (3.01%)

 

 

Average & Median Sales Price
Maidstone - Average & Median Sales Price

The average sales price in Maidstone was £309 K and for different property types it was:

  • Detached £477 K
  • Semi-Detached £304 K
  • Terraced £247 K
  • Flat/Maisonette £167 K
  • Other it is £805 K

Similarly median sales price in Maidstone was £268 K and for different property types are:

  • Detached £434 K
  • Semi-Detached £291 K
  • Terraced £231 K
  • Flat/Maisonette £160 K
  • Other it is £355 K

 

 

New Vs Not New Property Statistics
Maidstone - New Vs Not New Property Statistics

By Sales Value the split is as follows:

  • New Property contributed £101 millions (10.52%)
  • Not New Property contributed £863 millions (89.48%)

By Total Number the split is as follows:

  • New properties sold were 364 (11.67%)
  • Not new property sold were 2,756 (88.33%)

 

 

 All Kent Posts

HP Postcode Area - HP17, HP18, HP19, HP20, HP21, HP22, HP23, HP27 Property Market 2016

Please click here for the updated version of this post

This Post covers 

  • Coverage Area of Postcode HP17 to HP27
  • Total Sales By Postcode HP17 to HP27
  • Average & Median Sales Price By Postcode HP17 to HP27
  • Total Number of Sales By Postcode HP17 to HP27
  • Multi Year Property Trend Analysis By Postcode HP17 to HP27
  • Schools for Postcode Area HP
  • Posts for Postcode Area HP

 

Coverage Area of Postcode HP17 to HP27

Postcode                 Coverage Area          Local Authority Area  
HP17

Aston Sandford, Bishopstone, Butler's Cross, Dinton, Dorton, Ellesborough, Ford, The Kimbles, Kingsey, Haddenham, Meadle, Nash Lee, Stone, Upton, Westlington

Aylesbury Vale
HP18 Ashendon, Berryfields, Boarstall, Brill, Chearsley, Chilton, Cuddington, Dorton, Easington, Edgcott, Grendon Underwood, Ickford, Kingswood, Long Crendon, Lower Winchendon, Ludgershall, Oakley, Shabbington, Upper Winchendon, Waddesdon, Westcott, Worminghall, Wotton Underwood Aylesbury Vale
HP19 Aylesbury, Berryfields, Buckingham Park, Fairford Leys, Prebendal Farm, Quarrendon, Watermead Aylesbury Vale
HP20 Aylesbury, Aylesbury Town Centre, Broughton, Elmhurst Aylesbury Vale
HP21 Aylesbury, Bedgrove, Elm Farm, Queens Park, Southcourt, Walton, Walton Court Aylesbury Vale
HP22 Aston Abbotts, Aston Clinton, Bierton, Buckland, Drayton Beauchamp, Dunsmore, Halton, Hardwick, Hulcott, North Lee, Nup End, Oving, Pitchcott, Quainton, Rowsham, Stoke Mandeville, Weedon, Wendover, Weston Turville, Whitchurch, Wingrave Aylesbury Vale
HP23 Aldbury, Buckland Common, Cholesbury, Hastoe, Long Marston, Marsworth, New Mill, Puttenham, St Leonards, Tring, Wigginton, Wilstone Dacorum, Chiltern
HP27 Askett, Bledlow, Ilmer, Lacey Green, Longwick, Loosley Row, Monks Risborough, Owlswick, Pitch Green, Princes Risborough, Saunderton, Speen Wycombe

 

Total Sales By Postcode in 2016
HP Property Market - Total Sales By Postcode

  *M represents millions 

Average & Median Sales Price By Postcode in 2016
HP Property Market - Average & Median Sales Price By Postcode

 

Total Number Of Sales By Postcode in 2016
HP Property Market - Total Number Of Sales By Postcode

 

Multi Year Property Trend Analysis By Postcode

 

Schools for Postcode Area HP

 

Posts for Postcode Area HP

 

All Postcode Area Posts 

 

 Reference

HP Postcode Area As Per Wikipedia

 

HP Postcode Area - HP5, HP6, HP7, HP8, HP9 Property Market 2016

Please click here for the updated version of this post

This Post covers 

  • Coverage Area of Postcode HP5 to HP9
  • Total Sales By Postcode HP5 to HP9
  • Average & Median Sales Price By Postcode HP5 to HP9
  • Total Number of Sales By Postcode HP5 to HP9
  • Multi Year Property Trend Analysis By Postcode HP5 to HP9
  • Schools for Postcode Area HP
  • Posts for Postcode Area HP

 

Coverage Area of Postcode HP5 to HP9

Postcode                 Coverage Area           Local Authority  Area  
HP5

Chesham, Ashley Green, Bellingdon, Botley, Chartridge, Hawridge, Latimer, Lye Green, Newtown, Waterside, Whelpley Hill

Chiltern
HP6 Amersham (north), Chesham Bois, Hyde Heath, Little Chalfont Chiltern
HP7 Amersham (south), Coleshill, Little Chalfont, Little Missenden, Penn Street, Winchmore Hill Chiltern
HP8 Chalfont St Giles Chiltern
HP9 Beaconsfield, Forty Green, Holtspur, Jordans, Knotty Green, Seer Green South Bucks, Chiltern

 

Total Sales By Postcode in 2016
HP Property Market - Total Sales By Postcode

 *M represents millions

Average & Median Sales Price By Postcode in 2016

HP Property Market - Average & Median Sales Price By Postcode

 

Total Number Of Sales By Postcode in 2016
HP Property Market - Total Number Of Sales By Postcode  

 

Multi Year Property Trend Analysis By Postcode

Postcode Post
HP5 Trend Analysis Details
HP6 Trend Analysis Details
HP7 Trend Analysis Details
HP8 Trend Analysis Details
HP9 Trend Analysis Details

 

Schools for Postcode Area HP

 

Posts for Postcode Area HP

 

 

All HP Postcodes Yearly & Trend Analysis Posts

 

 

 Reference

HP Postcode Area As Per Wikipedia

 

HP Postcode Area - HP1, HP2, HP3, HP4 Property Market 2016

Please click here for the updated version of this post

This Post covers 

  • Coverage Area of Postcode HP1 to HP4
  • Total Sales By Postcode HP1 to HP4
  • Average & Median Sales Price By Postcode HP1 to HP4
  • Total Number of Sales By Postcode HP1 to HP4
  • Multi Year Property Trend Analysis By Postcode HP1 to HP4
  • Schools for Postcode Area HP
  • Posts for Postcode Area HP

 

Coverage Area of Postcode HP1 to HP4

Postcode                 Coverage Area           Local Authority  Area  
HP1

Bourne End, Boxmoor, Chaulden, Fields End, Gadebridge, Great Gaddesden, Nettleden, Piccotts End, Water End, Warner's End

Dacorum
HP2 Gaddesden Row, Piccotts End, Grovehill, Adeyfield, Hemel Hempstead Industrial Estate Dacorum
HP3 Apsley, Bovingdon, Felden, Flaunden, Hemel Hempstead, Leverstock Green Dacorum
HP4 Berkhamsted, Dagnall, Dudswell, Little Gaddesden, Northchurch, Potten End, Ringshall Dacorum, Aylesbury Vale

 

Total Sales By Postcode in 2016
HP Property Market - Total Sales By Postcode

 *M represents millions

Average & Median Sales Price By Postcode in 2016
HP Property Market - Average & Median Sales Price By Postcode

 

Total Number Of Sales By Postcode in 2016
HP Property Market - Total Number Of Sales By Postcode

 

Multi Year Property Trend Analysis By Postcode

Postcode Post
HP1 Trend Analysis Details
HP2 Trend Analysis Details
HP3 Trend Analysis Details
HP4 Trend Analysis Details

 

Schools for Postcode Area HP

 

Posts for Postcode Area HP

 

All HP Postcodes Yearly & Trend Analysis Posts

 

 Reference

HP Postcode Area As Per Wikipedia