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What is it like buying a house in Tonbridge?

Tonbridge might be an interesting area to invest in when looking for a house for sale in the UK as it is a unique area in the county of Kent.
Before looking for a house for sale in the city of Tonbridge we strongly suggest landlords and real estate investors to research in detail and consider all involved factors. Indeed, house prices can change quite a bit depending on the square foot of the property, the number of rooms, the economic climate, the location of the house and more.

In this data heavy article the reader will be able to find out more on the topic and see the specific data to consider when evaluating different houses for sale in Tonbridge.

Other cities you can consider looking for with houses for sale

See here below a list of cities in the same UK region of Tonbridge which is South East. You might want to consider these as alternatives for your next real estate investment:

Or, visit our dedicated page on the houses for sale data for the whole of the UK – houses for sale in the UK.

In Tonbridge, what is the asking price in general for a house for sale?

When investors make offers for houses for sale in Tonbridge, the average price asked by the homeowners works out to be £406,590.

In the table below, for all the different sizes of houses in the area, the average asking prices have been displayed. This tells you what kind of house is more or less expensive and sought after despite houses with fewer bedrooms being overall less expensive anyway.

Any house that looks like it is overpriced for the number of bedrooms it has in Tonbridge is typically not overpriced. It is just the case that that type of housing has a higher demand, therefore, people are willing to pay more.

Average price of houses for sale in Tonbridge

Average asking price (1 bed) £221,600
Average asking price (2 bed) £330,236
Average asking price (3 bed) £484,427
Average asking price (4 bed) £677,618
Average asking price (5 bed) no relevant data for this city

Based on this table, hopefully, you will be able to tell what type of house for sale is the most suitable for your budget. You can also consider the average asking price per square foot (£0) for houses for sale with this table to get a good idea as to whether Tonbridge is the right area to buy a house in for you.

Invest in a house for sale that meets your demands

Criterias that have an impact on the actual price of a house for sale have been listed here below. Consider them all to find the perfect houses for sale in Tonbridge.

  • Affordability – check this article from the UK government to find out (see what house for sale you can afford)

  • Location – if the house for sale is in the city centre rather than further out, this may be why it is more expensive than the market average.

  • Transports near the house for sale – Being able to use public transports is a huge plus for a house, especially in big cities. This will have an impact on the price as well.

  • Bedrooms – the more bedrooms there are in a house for sale, the more tenants a buy to let investors will be able to host, therefore, realistically the price will also increase.

  • EPC of the house for sale – today more than ever, the energy performance of properties for sale on the market should be one of the first things you check.

  • Wi-Fi speed – We recommend you check the internet plans available for the areas where you are considering to buy a house for sale

  • Are you a motorist? – If yes, filter out your searches and compare prices of houses for sale with parking availability. Remember, a car parking space can cost as much as £400 per month

  • Conditions of the house for sale – New builds and properties that were recently built usually need little to no repairs; instead, other houses for sale may require consistent or structural maintenance. These investments that can be both expensive and laborious to complete. Before making your offer for a house for sale you should always carefully assess this criteria.

What kind of demographics does the city of Tonbridge have?

How much do people in Tonbridge earn?

While not always the case, the amount people earn can be associated with better schools in the area and perhaps a nicer environment to live in.

£55,000 is the average household income of the area. And the higher this figure is the more likely it is that there is a higher percentage of people with a social grade score in the A or B categories which is 30% for Tonbridge.

Is there sufficient green space in Tonbridge?

There are cities in the UK such as Edinburgh and Bristol that have a higher percentages of green space with Edinburgh being the most at 49%. The city of Tonbridge currently has 16.3 for every 1000 residents.

Green space helps the quality of people’s mental health as well as fight against diseases like obesity. As studies have shown that the proximity of people to green spaces in the UK has a positive impact on the physical health of people in the UK and Tonbridge in this case.

In the city of Tonbridge, has the population grown or shrunk?

Population growth in Tonbridge is important to know if there is housing demand and the total population may also be looked at as large populations commonly have a lot of buyer demand.

In Tonbridge, 17,556 people live in the city as their main place of residence.

It is important to note that it is not the case that everyone likes a large population to live in. People who tend to prefer a more relaxed life are more likely to buy or rent somewhere to live that has a small population and perhaps also wouldn’t mind if the population isn’t growing.

Other people also like to have a mix of both. Where they can visit rural areas and also benefit from the amenities of a busy city.

In Tonbridge in the previous five years, have population numbers transformed?

Five years may seem like a long time but it is rare for a city to grow that much unless there is dramatic population growth. In Tonbridge, this change has been 5%. Read more here

Someone who wishes to find out how this change has occurred over a longer period of time may also wish to read the headings below and see if the change has continued throughout the past decade too. Or if the change is only true for the more recent figure for five years of 5%. Click here to know more on the UK population trends.

Over the last decade, how has the population differed in Tonbridge?

Populations change all the time but if there is a clear change in population in the last ten years this is even more reliable data about the population of the area as opposed to five. This adjustment in population works out to be 10% in Tonbridge.

What this statistic is like in comparison to the population change in five years should provide you with a comprehensive understanding of what direction the population is heading in.

In recent years because of the pandemic, it is common to see dramatic differences in the population change in the last five years when comparing it to ten as people realise they can work from home but still keep the current jobs they have.

This means they can move to cities they wouldn’t have considered otherwise and be location-independent of their source of income. Perhaps making a longer commute into the office every week for example.

Are the people of Tonbridge deprived?

Deprivation of a city is defined as the number of people who are considered to not be earning enough to sustain their lifestyle. The UK average of deprivation nationwide is 33% so comparing the figure of 18% for Tonbridge should give you a nice idea of the deprivation in the area.

What’s crime like in Tonbridge?

The crime rate of Tonbridge must be looked at sceptically. The reason for this is that the crime rate can vary within a city greatly and the type of crime committed can also vary too.

For example, the area has a crime rate of 122, but another city may have a higher crime rate but not be deemed as dangerous due to lower level crime or minor offences being committed.

Either way, high crime rates are never a good sign so consider the rate against the UK average of 79.52 for every 1000 people as a benchmark.

Lower rates could mean things like home insurance is cheaper and you have to install fewer security measures throughout your house. Saving you money in the long run. So the statistic of crime rate (122) is both useful and is recommended to be compared to the average.

What is the city of Tonbridge’s social grade score?

In the city of Tonbridge, the social grade score of the area is 30%. But what does this exactly mean? The figure refers to the proportion of people in the two highest categories of skilled jobs.

The categories are grouped from A to E shown in the table below. Overall, a high social grade score means there are more affluent people working in managerial and professional roles in the area.

This table shows the average breakdown of the UK in terms of where most people in the UK are working so you can compare it to the social grade score of Tonbridge.

Social Score Category The proportion of the UK population (%)
A Professional, managerial or administrative 4
B Intermediate managerial or professional jobs 23
C1 Supervisory, junior managerial or professional jobs 29
C2 Skilled manual workers 21
D Semi and unskilled manual workers 15
E State pensioners, casual & lowest grade workers 8

In Tonbridge, how educated are people in general?

The number of people as a percentage who have been through university and gained a degree is 33%. The ability to buy a home is greatly influenced by the number of people who have degrees. £55,000 is the amount people in Tonbridge are earning.

As you can tell, this figure along with the number of people who have degrees roughly correlate. For reference, the percentage of people who have degrees in the UK is 22.6% and the average household income is.

As a general rule, the bigger the difference between this 22.6% figure and the percentage of people with a degree in Tonbridge, the bigger the difference in the ability to earn and hence buy a house. A higher number of degrees will increase the potential for people to earn and hence the buying power of the population. This will also push up the price of houses in the area.

Nonetheless, making accurate estimates for the appreciation of homes must be done with other pieces of data in mind such as the rental yields or perhaps the crime rate of the area to name some examples.

Tonbridge within Kent is notable for the type of people that live there. The statistics below show how this is the case.

As you read on, Tonbridge will be looked at by comparing it to the local region, as well as comparing it to the wider region too (South East). From what the population of the city is to how it’s growing as well as factors like the overall crime rate.

This data is impacted by the history of the area and what kind of industry there is around. All of which also impact house prices which is crucial for you to understand as you look at houses for sale in Tonbridge.

Who can help you buy a house for sale in Tonbridge?

Considering all the above data and information provided, you may want know who can help you buy a house for sale.
Lots of professionals offer property investors and first-time buyers advice and assistance in dealing with the process of acquiring a house for sale.

Below, you can find a list of professionals that come in handy when looking for houses for sale:

  • Lender – Is someone capable of lending you the money you need to complete the purchase of the house for sale
  • Insurer – Insurance companies provide building insurances and other financial products you need to protect your real estate assets
  • Conveyancer – This professional will take care of the legal work needed when looking for a house for sale
  • Surveyor – Use this professional to assess the condition of the house for sale you are willing to buy, get an independent valuation and feel more comfortable when negotiating the final price
  • Mortgage broker or adviser – Different buyers can access different mortgages to buy a house for sale. Let the mortgage broker suggest to you which one is the best given your financial situation
  • Energy professional – Nowadays is more important than ever, to get professional advice on the Energy Performance Certificate (EPC) of the house for sale you are considering as your next investment

Always consider average rental yield when searching for houses for sale in Tonbridge

Is the housing market in Tonbridge growing?

Before making an investment and move forward with buying a house for sale, another important set of data an investor should analyse is the growth trends of the area in question.

Below are the forecasted growth rates for the city of Tonbridge at 1 year, 3 year and 5 year intervals:

1 year 3 years 5 years
Tonbridge growth rate -6% 3% 8%

Examine this figure carefully as the addition of a lot of new houses to meet demand could mean that house price of the houses for sale in Tonbridge gradually reduces with an increase in the housing supply. This could be a good indicator to understand if your house will appreciate or not. Too many houses and too much supply could drive down the prices of homes or stagnate them. So be sure to check out what is exactly happening in Tonbridge.

If you’re buying a house for investment rather than for the reason to live in the house over time and use the house as a place to stay in the long term, there is a need to look at the rental yield figure to see if the house for sale you are considering to buy is a good investment or not.

This figure is usually looked at by investors as well as the rental income of the area, the sale turnover and the rent turnover.

The table below represents this data and compares Tonbridge to Kent and the broader suburb of the UK; South East.

Average Yield Average Asking rent Turnover (rental) Turnover (sale)
Tonbridge 3.9% £1,310 no relevant data for this city 16.0%
Kent 3.63% £1,229 130.16% 16.77%
South East 3.58% £1,301 127.50% 16.69%

Let’s assume you want to sell the house you’re looking to buy in Tonbridge for profit in the future, in this case, looking at the data for the number of houses sold per month in Tonbridge would give you an idea of whether the area is actively getting new investors. This figure is 17.

It is vital you be careful with this figure however as the data can suggest something that isn’t true in Tonbridge. To give an example, a lot of people buying new houses could also indicate there are a lot of new first time buyers in the area which would in fact drive down the rental yield.

The more people there are interested in renting, rather than buying, the more likely that area of the UK has high rental yields and hence investors like these areas to invest in to create a large amount of cash flow.

What is the final sale price of a house in Tonbridge?

As well as looking at the asking price for house for sale in Tonbridge, a sensible homeowner or investor will also consider the final price a house sells for. This final price may be influenced by elements like the amount people are earning in the area and what opportunities for employment there are in Tonbridge.

Houses for sale, are sold on average in Tonbridge, after the influence of these factors, at £348,886 as a result. And may be on the rise or decline depending on a combination of variables such as the crime rate, or population growth which was 10% over the last 10 years.

Housing category Total final sale price
Aerage sold price (detached) £656,335
Aerage sold price (semi-detached) £423,862
Aerage sold price (terraced) £330,238
Aerage sold price (flat) £240,702

This table above shows the average sale price for each variation of houses for sale in Tonbridge.

Housing category Sale price per square foot
Aerage sold price/sqft £4,190
Aerage sold price/sqft (new build) £3,650
Aerage sold price/sqft (old stock) £4,130

This final table looks at the price per square foot of houses for sale. Looking at the final table, you can take a further average and conclude that the average price per square foot of houses in general in Tonbridge is £4,190.

This statistic can be used to compare the price of housing between housing categories again or even compare the price for a different city.