TN14 (Otford) area guide

TN14
Otford
The TN14 postcode district lies within or includes part of the following towns, counties, localities, electoral wards and stations: Badgers Mount, Brasted, Chevening and Sundridge, Chevening, Crockenhill and Well Hill, Cudham, Darwin, Dunton Green, Dunton Green and Riverhead, Halstead, Halstead, Knockholt and Badgers Mount, Ide Hill, Kemsing, Kent, Knockholt, Knockholt Station, Leigh and Chiddingstone Causeway, Otford, Otford and Shoreham, Penshurst, Fordcombe and Chiddingstone, Seal and Weald, Sevenoaks, Sevenoaks Eastern, Sevenoaks Kippington, Sevenoaks Northern, Sevenoaks Town and St John's, Shoreham, Sundridge, Weald.
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Notes:

A Mouseprice property guide for TN14 Otford is coming soon. In the meantime, please have a look at the raw data and statistics about TN14 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commentary below was written for the mouseprice.com website in 2006, please be aware that the comments below might be out of date.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 TN14 is 6059 homes.

Tonbridge propertyProperty in this postcode district (TN14) has been growing at a nominal annual rate of 15% over the last 5 years. This rate can be indicative ofa 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 £370001 over the last 3 months.

Tonbridge propertyWhen examining the ability of consumers to further extend themselves in the face of increasing property prices, many commentators pay close attention to the price earnings ratio. Price Earnings Ratio in this postcode district is 13.7. 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 1.6%.

Housing stock:

Otford propertyThe most commonly found type of housing in this area are Detached Houses, making up 43.4% of the housing stock.

Otford propertyFlats account for the lowest percentage of the housing stock in this district, at only 8.1%.

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

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

Otford propertyThe majority of property in this area is owner occupied.

Otford propertyThe average price of a two bed property in this area is higher than the national average of £187894 at £236090.

Who lives here:

Otford propertyTotal population in this area is 14251.
Otford propertyThe average age in this area is 43.
Otford propertyThis area has a high percentage of married people at 22.3%.
Otford propertyAverage working hours in this area for men are 43 and for women are 31.
Otford propertyThis area has 1.9 people per square kilometre.
Otford propertyJob prospects in this area are good with low unemployment (1.8%). Most jobs are found in the Real Estate and Wholesale & Retail sectors.