Posts

Showing posts from February, 2019

1 bed, 2 bed or 3 bed homes – Which Sell the Best in Royal Tunbridge Wells?

Image
A few months ago, I wrote an article on the Royal Tunbridge Wells Property Blog about the length of time it took to sell a property in Royal Tunbridge Wells and the saleability of the different price bands ( i.e. whether the lower/middle or upper local property markets were moving slower or quicker than the others ). For reference, a few months ago it was taking on average 55 days from the property coming on the market for it to be sold subject to contract (and that was based on every Estate Agent in Royal Tunbridge Wells) … and today … 115 days  .. does that surprise you with what is happening in the UK economy? Well, a number of Royal Tunbridge Wells landlords and homeowners, who are looking to sell in the coming months, contacted me following that article to enquire what difference the type of property (i.e. Detached/Semi/Terraced/Apartment) made to saleability and also the saleability of property by the number of bedrooms) As I have said before, whether you are a Royal Tunbridge We

Live in Royal Tunbridge Wells? About to Retire and Privately Rent? You Could be £6,000 a Year Worse Off!

You read the personal finance pages of the newspapers and it all seems to be the impending pensions crisis ... where people aren’t saving enough for their retirement. But it’s not the lack of future pension incomes of the Royal Tunbridge Wells people that are my immediate concern. The fact is that so many of the future retirees in Royal Tunbridge Wells over the coming decade, who never bought their home in the Millennial years of the 1990’s and 2000’s, will have to make some tough decisions regarding what house they live in when they retire anytime between now and 2038. In Royal Tunbridge Wells, there are 709 privately rented households, where the head of the household is between 50 years and 64 years of age (meaning they will be retiring anytime between now and 2038). They are working now and easily paying the rent, yet what happens when they retire? A Royal Tunbridge Wells retired couple, who currently privately rent and who have paid their fully qualifying NI stamp over the last few

Top 25 Most Saleable Streets in Royal Tunbridge Wells

Image
Following on from my last article, if you recall I said that Queens Road had the most properties sold in the TN4 Royal Tunbridge Wells postcode, yet I felt that this information wasn’t telling the whole story, as some roads in Royal Tunbridge Wells have more properties on them than others. Therefore, I promised that I would compare the average number of properties sold by the actual number of properties on that street, to find out the streets whose owners proportionally moved (or sold) more often than the rest of the locality.  To give some foundation to the article, in 2017 Royal Tunbridge Wells’ homeowners had, on average, lived at their existing address for 17 years and 6 months. However, when I looked at the difference between homeowners with and without a mortgage; Royal Tunbridge Wells homeowners without a mortgage had lived in their Royal Tunbridge Wells home for an average of 23 years and 9 months compared with 10 years and 1 month for homeowners with a mortgage. Interestingly,

Queens Road, Royal Tunbridge Wells …the road where people move the most

Image
Many folks say moving home is the most stressful thing. Moving home is like someone (and that someone is usually you and you are the cause of this devastation) has collected all your worldly goods, put them into brown boxes and into a lorry making your whole life look like a Amazon delivery van, only to spend the next six months unpacking it all, whilst unable to find important things like your bank cards, ‘those’ shoes or special jewellery! We wish we could be instantly transported like in Star Trek “Beam me up Scotty to a blissful moved in state”. Yet the week you move, it’s like an episode from the original 1960’s series Star Trek, when the crew had a transporter accident with an ion-storm sends Kirk and Spock into an alternate reality, where the caring Federation is the merciless Terran Empire, and the USS Enterprise is a warship and chaos eschews!!! Star Trek aside, when you decide to move and before the stress of living out of cardboard boxes for months descends; first you trawl

Royal Tunbridge Wells Homeowners Have Made an Annual Profit Of £18,887 Since the Millennium

Image
As we go full steam ahead into 2019, it’s certain that the Royal Tunbridge Wells housing market in 2018 was a little more restrained than 2016 and 2017 and I believe this will continue into 2019. Property ownership is a medium to long term investment so, looking at the long-term, the average Royal Tunbridge Wells homeowner, having owned their property since the Millennium, has seen its value rise by more than 235%. This is important, as house prices are a national obsession and tied into the health of the UK economy as a whole. The preponderance of that historical gain in Royal Tunbridge Wells property values has come from the growth in Royal Tunbridge Wells property values, while some of it will have been enhanced by extending, modernising or developing their Royal Tunbridge Wells home. Taking a look at the different property types in Royal Tunbridge Wells, and the profit made by each type, makes interesting reading.. However, we can’t forget there has been just over 60% inflation ove