Times of Tunbridge Wells 2nd June 2021

Page 1

Local, National and International

Wing OK, GH reas NOver RO OU ng a co NB OR ndi A B ou CR OWsurr CRthe

Times

All the news that matters

d an

Wednesday June 2 | 2021

OF TUNBRIDGE WELLS

Lets Have Lunch! Monday to Thursday 2 Courses £15.95 or 3 Courses £18.95

Inside this edition

Zorba Meze Grill 4 Upper Grosvenor Road, Tunbridge Wells TN1 2EN 01892 530051 | www.zorbamezegrill.com

c e selling in hours as demand s ps s pMM a ca cp ee aHomes from London influx sparks shortage Newly refurbished serviced

serviced and Managed Offices serviced and Managed Offices e d Newly and M a n a g e d Oserviced ffices refurbished

offices comiNg sooN

TuNbridge wells TowN ceNTre rbished serviced Local couples hoping to upgrade facing million-pound prices NEWLY 20 workstations available fromcomiNg just £250 per month offices sooN Show suite available to view comiNg sooN REFURBISHED TuNbridge wells TowN ceNTre n Sealed bids wells TowN ceNTre being used to SERVICED workstations available from just £250 per month determine buyers lable from just £250 per month OFFICE NOW Show suite available to view n Some houses 01246 223 038 www.mspaceoffices.co.uk e availableAVAILABLE to view selling above

asking price

TUNBRIDGE WELLS TOWN CENTRE

n Properties sold before adverts are finalised n Renters in position to close deals quickly

1246 223 038 www.mspaceoffices.co.uk www.mspaceoffices.co.uk

n Less commuting makes villages more attractive

1-20 WORKSTATIONS AVAILABLE FROM JUST £250 PER MONTH (ALL INCLUSIVE) SHOW SUITE AVAILABLE TO VIEW

01246 223 038

www.mspace offices.co.uk

n Number of Londoners jumps four-fold

By Richard Williams and Lottie Bulmer THE property market in Tunbridge Wells and the surrounding areas is ‘one of the hottest on record’ with homes selling within a week or even hours of going on the market. Previously sales might have taken several months. Research over the past week by the Times shows houses being snapped up, sometimes before they are even advertised, due in part to an influx of buyers from London creating a shortage of family homes. The clamour for properties in Tunbridge Wells comes after house prices in the Borough have increased by more than 50 per cent over the last decade. In the last year alone, they have risen on average £32,000 with the average home in the TN1 postcode now costing £535,000, according to online estate agent Zoopla. Now estate agents have told the Times

how a shortage of family homes is seeing the average family home in Tunbridge Wells selling within a week, with some selling in a matter of days, and even hours. Deborah Richards who run Maddisons Residential on The Pantiles said the average selling time for a family home in Tunbridge Wells is now seven days.

‘We’ve had properties sell within hours, some before they’re even advertised’ “From the time a house is available to view, we begin fielding offers over the next few days and I’d say from end to end you are looking at a week to make the sale,” she said. “In some cases, we are selling above the asking price or having to take sealed bids because we get so many offers.” But people living in the area looking to

upsize now face ‘eyewatering mortgages’ estate agents admit, as demand for living in the area increases. “I feel very sorry for the youngsters. I regularly see people with a £650,000 mortgage now say they want more space, or somewhere to park their car, but they are going to be looking at a million pounds,” said Deborah Richards, adding much of the demand is being driven by Londoners. “Typically, Londoners have liked moving to the area around The Pantiles or St John’s but we are seeing more and more look to the villages now that commuting is no longer that important for people,” she said. “Wadhurst is now very popular, as is Frant, Penshurst and Speldhurst because you get more bang for your buck in those areas, more space and larger gardens.”

See more on Page 2

For the True Taste of Indian Cuisine Rings Hill, Hildenborough T N 11 8 L X t: 01732 832944 O pen 7 days a week Evening 5. 30pm - 11. 00pm

www.thecinnamon square.co.uk (Take away service available 10% Discount)

AWARD WINNING RESTAURANT


Turn static files into dynamic content formats.

Create a flipbook
Issuu converts static files into: digital portfolios, online yearbooks, online catalogs, digital photo albums and more. Sign up and create your flipbook.