Estate agents across west Kent and east Sussex are reporting a housing boom with post-lockdown sales soaring and many fighting over limited supply. Pandemic-weary buyers have been particularly transfixed by the picturesque, spacious town of Royal Tunbridge Wells.
According to a Hamptons estate agent review of Land Registry data, the average house valuation here has risen 52% over the last decade and is now almost a third higher than the Kent average.
Since the start of the COVID-19 crisis, it’s clear to see why the interest in this affluent Kent town has intensified. With great schools and elegant Georgian architecture, all within a stone’s throw of London; it’s clear to see why property in this town is becoming such a hot commodity.
Working from Home
Prior to the pandemic, people felt chained to the capital due to work, however, Andrew Farmer, director at Hamptons, says about 60 per cent of people buying Tunbridge Wells property are from London.
This figure is a signifier of a new market trend, instigated by businesses opting for a more flexible office model. Workers are now able to purchase property outside of London; evident from the widespread bidding wars and offers over the asking price for spacious, suburban property.
Many have traditionally moved to Royal Tunbridge Wells due to its relatively easy commute to London. With the average journey time from Tunbridge Wells station to London Bridge being only 49 minutes, whilst the drive into the city is just a little over an hour.
Education
The town also has a selection of primary and secondary schools rated “outstanding” by Ofsted. There are also popular independent options such as Kent College and the selective grammar schools.
Ross Davies, head of the local Knight Frank office, says many families move from Sussex and Surrey to be in the catchment areas for these high-achieving grammars, while the quality of schooling has also attracted international buyers. Most schools are located in the St John’s and St James’ areas, as well as the streets clustered around St Peter’s Church.
Homes on The Pantiles
Many who visit Royal Tunbridge Wells marvel at the historic architecture – the highlight being The Pantiles; an elegant Georgian walkway, lined with wonderful independent shops, restaurants and cafes. For over a decade, we have been the proud owners of The Pantiles Estate and our strategic asset management has helped enhance this famous location. Our highly successful events programme stages over 100 activities each year, including the hugely popular jazz gigs in the summer.
At Targetfollow; we are pleased to see Royal Tunbridge Wells’ property sector prosper and understand the important role property outside of the country’s capital will play in the years to come. If you’re interested in relocating to this desirable town, we are currently selling two properties on the highly sought-after Pantiles.
If you would like to register an interest in any of our properties, or would like to be kept abreast of any new developments that come on to our portfolio then please contact Paul Burnett, Associate Director on +44 (0)1603 767 616 or paul.burnett@targetfollow.com
