TN12 (Paddock Wood) area guide

TN12
Paddock Wood
The TN12 postcode district lies within or includes part of the following towns, counties, localities, electoral wards and stations: Boughton Monchelsea and Chart Sutton, Brenchley, Brenchley and Horsmonden, Capel, Collier Street, East Peckham, East Peckham and Golden Green, Five Oak Green, Hawkenbury, Headcorn, Horsmonden, Kent, Marden, Marden and Yalding, Matfield, Medway, Paddock Wood, Paddock Wood East, Paddock Wood West, Staplehurst, Sutton Valence and Langley, Tonbridge.
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Notes:

A Mouseprice property guide for TN12 Paddock Wood is coming soon. In the meantime, please have a look at the raw data and statistics about TN12 that can be found by click the relevant links on the left hand side.

Old area guide:

The commentary below was written for the mouseprice.com website in 2006, please be aware that the comments below might be out of date. We recommend disregarding these comments in favour of the data that can be found either above or in the other sections of this website.

Market trends:

Tonbridge propertyThe size of the property market in TN12 is 11315 homes.

Tonbridge propertyWhen compared against a national average compound annual growth rate (CAGR) over the last 5 years of 12.5%, the growth in this postcode district has been 15%. This could well be because this is a dynamic local economy and housing market. Property price growth in this area has significantly exceeded growth in earnings and the national average house price growth, and so the likelihood of it continuing will be dependent upon price earnings ratio, as well as investment by developers and local authorities in continually upgrading local infrastructure, schools, in addition to the continued strength of the local and national economies and any other economies upon which the area depends.

Tonbridge propertyThe average property in this postcode district was valued at £272407 over the last 3 months.

Tonbridge propertyPrice earnings ratio is an indicator of the affordability of property for someone on the average salary in the area. Price Earnings Ratio in this postcode district is 11.6. Places like this represent the “well- heeled” districts of each postcode area. Although recently there have been some spectacular price increases in more expensive areas, in general, prices appreciate slowly in more expensive places because there is less demand for more expensive properties, and the turnover of them is slower because they are not commonly used as investment property.

Tonbridge propertyNew transactions as a percentage of overall sales are 5.4%.

Housing stock:

Paddock Wood propertyIf you are specifically looking to buy Semi- Detached Houses, this would be an excellent area for you to explore, with 39.6% of properties being this type.

Paddock Wood propertyThe least common type of property in this area is Flats (8.3% of the total housing stock).

Paddock Wood propertyThis is an area with a high proportion of property suitable for families with children.

Paddock Wood propertySocially rented accommodation represents 11.6% of the total rented accommodation in the area.

Paddock Wood propertyThe majority of property in this area is owner occupied.

Paddock Wood propertyThe average price of a two bed property in this area is higher than the national average of £187894 at £249089.

Who lives here:

Paddock Wood propertyThere are 14265 men and 14475 women in this postcode district.
Paddock Wood propertyThe average age in this area is 39.
Paddock Wood propertyThis area has a high percentage of married people at 24.2%.
Paddock Wood propertyAverage working hours in this area for men are 44 and for women are 31.
Paddock Wood propertyThis area has 2.1 people per square kilometre.
Paddock Wood propertyJob prospects in this area are good with low unemployment (1.7%). Most jobs are found in the Wholesale & Retail and Construction sectors.