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3 Prospect Road is a residential building situated on Prospect Road, Tunbridge Wells, TN2 with 4 addresses.
It ranks as the 177th largest and 191st most expensive of the 392 buildings in the TN2 area. The dominant property type is a modern flat built after 1980.
The building contains a total of 4 properties: 4 flats.
3 Prospect Road is a residential building situated on Prospect Road, Tunbridge Wells, TN2 with 4 addresses.
It ranks as the 177th largest and 191st most expensive of the 392 buildings in the TN2 area. The dominant property type is a modern flat built after 1980.
The building contains a total of 4 properties: 4 flats.
Sale prices range from £282,732 for 2 bedroom leasehold flats (581 ft2) to £308,722 for 2 bedroom leasehold flats (688 ft2) .
Monthly rental prices range from £1,444 pcm for 2 bed flats to £1,518 pcm for 2 bed flats.
The gross rental yield is between 5.9% and 6.1%.
The average value per square foot is £461.
The last sale in 3 Prospect Road sold for £295,000 on 9th June 2023. Since then prices are down an average of 3.4%.
The current average value in the building is £297,730.
The 3 Prospect Road Sales Market has increased by 5.7% over the last 10 years.
| Period | Year on Year | Average Price |
|---|---|---|
| May 2026 | -1.1% | £297,730 |
| May 2025 | -1.8% | £300,922 |
| May 2024 | -0.6% | £306,406 |
| May 2023 | -1.9% | £308,142 |
| May 2022 | 5.4% | £313,960 |
| May 2021 | 1.4% | £297,877 |
| May 2020 | 2.7% | £293,669 |
| May 2019 | -1.1% | £286,056 |
| May 2018 | -0.1% | £289,180 |
| May 2017 | 2.8% | £289,554 |
| May 2016 | 9.4% | £281,589 |
| May 2015 | 10.4% | £257,502 |
| May 2014 | 7% | £233,242 |
| May 2013 | 4.5% | £217,911 |
| May 2012 | 0.5% | £208,461 |
| May 2011 | -1.9% | £207,390 |
| May 2010 | 6.4% | £211,442 |
| May 2009 | -12% | £198,764 |
| May 2008 | 1.7% | £225,807 |
| May 2007 | 0% | £222,065 |
The current average rental value in the building is £1,487.
The 3 Prospect Road Rental Market has increased by 27.4% over the last 10 years.
| Period | Year on Year | Average Price |
|---|---|---|
| May 2026 | 3.7% | £1,487pcm |
| May 2025 | 1.3% | £1,434pcm |
| May 2024 | 5.6% | £1,415pcm |
| May 2023 | 7% | £1,340pcm |
| May 2022 | 2.2% | £1,252pcm |
| May 2021 | 8.6% | £1,225pcm |
| May 2020 | 1.8% | £1,129pcm |
| May 2019 | -1.9% | £1,109pcm |
| May 2018 | -1.6% | £1,130pcm |
| May 2017 | -1.6% | £1,148pcm |
| May 2016 | 5.5% | £1,167pcm |
| May 2015 | 5.2% | £1,106pcm |
| May 2014 | 2.3% | £1,052pcm |
| May 2013 | 2.3% | £1,028pcm |
| May 2012 | 0.2% | £1,005pcm |
| May 2011 | 5.1% | £1,003pcm |
| May 2010 | 1.3% | £954pcm |
| May 2009 | -9.6% | £943pcm |
| May 2008 | 3.1% | £1,043pcm |
| May 2007 | 0% | £1,011pcm |
The last sale was on 9th June 2023 for £295,000 and since then the market in the area has decreased by 3.4%. The building has had a total of 5 sales since 1995.
3, Prospect Road, Tunbridge Wells, TN2 4SG has seen 1 sale in the last three years and no sales in the last twelve months.
The closest station to 3, Prospect Road, Tunbridge Wells, TN2 4SG is Tunbridge Wells station which is 700 metres away.
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According to data from the Environment Agency, the flood risk in this area is considered to be very low.
The recent census recorded whether a resident owned or rented their home.
In the area around 3, Prospect Road, Tunbridge Wells, TN2 4SG, 29.6% of property is privately owned outright and 28.2% is privately rented.
The graph below shows how this compares to South East and the rest of England & Wales.
The recent census recorded the highest level of education achieved by residents in the local area.
In the area around 3, Prospect Road, Tunbridge Wells, TN2 4SG, 13.7% of residents are recorded as possessing school level qualifications and 54.1% as possessing degree level qualifications.
The graph below shows how this compares to South East and the rest of England & Wales.
The most recent census in 2021 recorded the age of all UK residents.
In the area around 3, Prospect Road, Tunbridge Wells, TN2 4SG, the average age was 40.7 and the most common age was 42.
The graph below shows how this compares to South East and the rest of England & Wales
The recent census recorded whether a property was a primary or secondary home for the resident.
In the area around 3, Prospect Road, Tunbridge Wells, TN2 4SG, 1.0% of property was a second home.
Comparison figures for South East and the rest of England & Wales are listed below.
The recent census recorded the number of cars registered in each household.
In the area around 3, Prospect Road, Tunbridge Wells, TN2 4SG, there are an average of 1.0 cars per household.
See below for how this compares to South East and the rest of England & Wales.