Property Market Update – Northampton NN18 – August 2023
**Exploring House Prices in NN18: A Year of Growth and Diversity**
If you’re considering buying or selling a property in NN18, the past year’s trends and averages could offer some valuable insights. NN18, a postcode area in Corby, North Northamptonshire, has seen intriguing changes in house prices, with a blend of property types capturing the interest of both buyers and sellers. Let’s delve into the details of the past year’s market performance and discover what the numbers reveal about this vibrant area.
**Average Prices and Property Types**
Over the last year, NN18 has exhibited a remarkable average house price of £248,733. This figure serves as a window into the varied real estate landscape within the region. Terraced properties have led the pack in terms of sales, boasting an average price of £206,797. Detached properties, often synonymous with spaciousness and luxury, have been exchanging hands at an average of £341,317. Meanwhile, semi-detached properties have carved out their niche with an average selling price of £227,670.
**Growth in the Market**
A significant trend that property enthusiasts will be keen to note is the growth in sold prices. NN18 has seen a 9% increase in sold prices compared to the previous year, underscoring the region’s attractiveness to both buyers and investors. Moreover, the market has surged to a peak, showcasing a remarkable 13% increase compared to the 2020 peak of £220,072. This increase is a testament to the resilience and demand that NN18’s real estate market has displayed.
**Snapshot of Sold Properties**
Let’s take a closer look at some of the properties that have changed hands in NN18 over the last year:
1. **67, Chepstow Road, Corby, North Northamptonshire NN18 8QQ**
– Property Type: Detached
– Sold for: £380,000 on 20 Jun 2023
– Historical Records: Sold for £247,500 on 15 Dec 2015 and £211,800 on 28 Jul 2006
2. **50, Farnborough Close, Corby, North Northamptonshire NN18 8PW**
– Property Type: Terraced
– Sold for: £200,000 on 15 Jun 2023
– Historical Records: Sold for £131,052 on 4 Jan 2008
3. **9, Brinsley Green, Corby, North Northamptonshire NN18 0HG**
– Property Type: Flat
– Sold for: £138,000 on 31 May 2023
– Historical Records: Sold for £110,000 on 26 Jun 2018 and £23,473 on 26 Jan 2004
These are just a few examples of the diverse properties that NN18 has to offer. The range of property types and prices reflects the area’s appeal to a broad spectrum of potential buyers.
**The Path Forward**
As we reflect on the past year’s real estate landscape in NN18, it’s evident that the market has shown resilience, growth, and diversity. From terraced properties to detached homes, each transaction tells a unique story of lifestyle, investment, and aspiration. Whether you’re a buyer searching for your dream home or a seller looking to capitalize on the market’s momentum, NN18’s property scene holds abundant possibilities.
In a world where properties are more than just structures, NN18’s real estate journey continues to unfold, offering opportunities for growth and change. As we move forward, the tapestry of house prices in NN18 will undoubtedly evolve, guided by the dreams and decisions of those who call this vibrant region home.