The Norhtampton NN2 postcode has seen quite a few changes over the last year or two. Firstly there was the closing of the Park Campus, which was home to the University of Northampton for the last few decades, when it moved to the new Waterside Campus, off the Bedford road.
The closure of this Campus, not only had a major impact on the area around Boughton Green Road, which was struggling to cope with the thousands of students all converging on the overstretched arterial road at the same time, but there has also been a major demographic change, which has not necessarily impacted property in a bad way, but it has changed demand for property.
As the university of Northampton grew in recent years, so did demand for accommodation for the students, who’s numbers had reached in excess of 10,000 by the time Park Campus closed, thanks to the University’s rising position in ranking over the last few years.
Since Park Campus moved to the Waterside Campus, which is just south east of the town centre, demand for student accommodation in the NN2 area has fallen. This may have initially had some impact on HMO property, but most of that has levelled out now and most of these properties have been re-entering the market as self contained units of family homes. On a positive note, the streets around the area have become noticeably calmer, as the sound of escited of students on their evening’s out is now a distant memory to local residents.
Over the last 12 months, there have been 464 sales with values rising a marginal 0.13% which has held up well against the price drops we have seen in other places.
The large scale building off the Welford road, just before the Bramptons, (NN6 Postcode) will also have a large impact on the Kingsthorpe area, as there are plans for the construction of a large number of properties, including the infrastructure to sustain them, but only time will tell how that will impact demand and subsequently prices.