Tuesday, 24 June 2014

How can you find a good property deal in Royal Tunbridge Wells?

The subject of a lack of Royal Tunbridge Wells property bargains over the last couple of years has always been near the top of most local landlord’s thoughts. I have built up an extensive database of every property sale in Royal Tunbridge Wells since the late 1990 ’s, so am able to give an objective and unbiased opinion on what (and what does not) make a good property deal /investment. Knowing what is and what has happened to the property market in the different areas of Royal Tunbridge Wells (the differences of the property markets in Langton Green, Rusthall and Hawkenbury for example)  or comparing the town against say Tonbridge  or Maidstone, enables me to spot any trends /opportunities for buy to let landlords.

Here are some bargains that I spotted at the time and made a note of. It’s obvious other people thought the same as some have now resold recently. A lovely 3 bed terraced on Dudley Road in RTW came on the market in Spring 2011 at £395,000 and took until the late Summer of 2012, after a price reduction to £365,000, when it sold for £330,000.  Admittedly it needed a some TLC and a lick of paint (see the pictures),

..... but what a bargain, because the owner did some work to the property, put it back on the market last Autumn (2013) at £465,000 and it  sold it again just before Christmas for £445,000 .... a 35% increase in just over 12 months. (Average property values in Royal Tunbridge Wells in the same time frame only rose by 5.4% !). Look at the photos ..

Whether you are a landlord of ours or someone thinking of investing in rental market for the first time in Royal Tunbridge Wells please feel free to pop into our offices near the Railway Station for a chat about the property market in our town.

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