Property Market Update – Northampton NN5 – July 2023

A Comprehensive Look at House Prices in NN5: A Flourishing Real Estate Market

Introduction:

The real estate market in NN5, Northampton, West Northamptonshire, has witnessed significant growth and promising trends over the past year. With a diverse range of properties available, from semi-detached and terraced houses to detached residences and flats, NN5 offers prospective homeowners ample options to choose from. In this blog post, we will delve into the recent data on house prices in NN5, explore the average prices for different property types, and highlight the overall growth of the market. Let’s take a closer look at the thriving real estate landscape in NN5.

Average House Prices and Property Types:

Over the last year, properties in NN5 boasted an average price of £279,125. This figure reflects a 4% increase from the previous year and an impressive 23% surge since the peak in 2020 when the average price stood at £226,430.

Semi-detached properties dominated the sales market in NN5, with the majority of transactions falling under this category. The average price for a semi-detached house in NN5 was £274,687, making it an attractive choice for potential buyers. Terraced properties, on the other hand, sold for an average of £241,415, while detached properties fetched a higher average price of £431,057.

The steady rise in house prices indicates the desirability and increasing demand for properties in NN5. With a variety of housing options available, buyers can find their dream homes at different price points, ensuring there’s something for everyone.

Highlighted Property Sales in NN5:

Let’s take a closer look at some recent property sales in NN5 to gain a better understanding of the market:

1. 237 Ryeland Road, Duston, Northampton, West Northamptonshire NN5 6XF:
– Property Type: 3 bed, semi-detached
– Sale Price: £265,000
– Date Sold: 21 Apr 2023
– Historical Records: Three sales transactions available, indicating a stable market.

2. 75 Brunel Drive, Upton, Northampton, West Northamptonshire NN5 4AF:
– Property Type: 4 bed, detached
– Sale Price: £380,000
– Date Sold: 11 Apr 2023
– Historical Records: One additional sale in 1998 highlights the long-term growth potential of properties in the area.

3. 62 Muscott Lane, Northampton, West Northamptonshire NN5 6HH:
– Property Type: 4 bed, semi-detached
– Sale Price: £290,000
– Date Sold: 11 Apr 2023
– Historical Records: No other historical records available, suggesting a fresh property sale.

These examples demonstrate the variety of properties available in NN5, catering to different preferences and needs. Whether you’re looking for a spacious detached house or a cozy terraced property, NN5 has options that suit diverse lifestyles.

Conclusion:

The real estate market in NN5 has experienced a remarkable surge in house prices over the past year, with an overall average price of £279,125. The dominance of semi-detached properties in terms of sales showcases their popularity among buyers, while terraced and detached houses also present attractive options. The steady growth in house prices highlights the robust and flourishing real estate landscape in NN5, making it an ideal location for individuals and families seeking their dream homes. With a range of property types available and a promising upward trend, NN5 remains an enticing destination for prospective homeowners in Northampton, West Northamptonshire.

Recently Sold Properties Chart: