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House prices go through the roof with a £36k hike

HOMEOWNERS in Tunbridge Wells made an average of £36,000 on their properties last year, although increases in house prices have now stopped, industry figures show.

According to one of the country’s biggest lenders, prices across Tunbridge Wells shot up by 8.3 per cent in September compared to 12 months earlier.

This means the average house in the town and wider borough is now fetching £36,163 more than it was this time last year.

By contrast, the average wage in Tunbridge Wells is just £35,500 per annum, meaning the average homeowner made more money from their house than from their salary last year.

The most recent snapshot of the housing market by the Nationwide building society shows that across the UK, house prices rose by 9.5 per cent in September compared to the same time last year.

But the mortgage lender says that house prices have now stopped growing month on month and a stronger slowdown is expected in the coming…

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