Property Market Update – Northampton NN7 – July 2023
Introduction:
The real estate market in NN7 has witnessed an extraordinary surge in house prices over the past year. With properties achieving higher average prices and setting new records, it’s an exciting time for homeowners and investors in the NN7 area. In this article, we will delve into the intriguing data surrounding house prices in NN7, examining the types of properties sold and the remarkable growth witnessed.
Unveiling the Numbers:
Over the last year, properties in NN7 achieved an overall average price of £421,376. This figure serves as a testament to the robust and thriving housing market in the area. What’s truly fascinating is the significant variation in prices based on the property type.
Detached properties dominated the market, accounting for the majority of sales. These sought-after homes boasted an impressive average price of £570,025. The allure of detached properties can be attributed to their spaciousness, privacy, and attractive features that appeal to buyers seeking a high-end housing option.
Semi-detached properties, another popular choice among buyers, sold for an average price of £327,470. These homes offer a balance between affordability and space, making them an appealing option for families and individuals looking for a comfortable living arrangement.
Terraced properties, often favored for their compact and cozy layouts, fetched an average price of £283,906. These properties offer an affordable entry point into the NN7 market, making them an attractive choice for first-time buyers or those seeking a more budget-friendly option.
Remarkable Growth:
The sold prices in NN7 over the last year indicate a strong upward trend. Compared to the previous year, prices rose by 3%, showcasing the resilience and attractiveness of the NN7 housing market. Furthermore, when compared to the 2020 peak price of £363,782, the growth stands at an impressive 16%. These figures highlight the consistent and significant increase in property values, providing homeowners with confidence in the market’s long-term stability and potential for capital gains.
Property Snapshot:
Examining some recent sales in the NN7 area gives us a glimpse into the current market activity. Here are a few noteworthy transactions:
| Date Sold | Address | Property Type | Sold Price (£) |
|---|---|---|---|
| 19 May 2023 | 7 Beech Close, Bugbrooke | Semi-Detached | £257,500 |
| 10 May 2023 | 4 Hartwell Road, Ashton | 5 bed, detached | £750,000 |
| 9 May 2023 | 43 Park Road, Hartwell | 5 bed, detached | £625,000 |
| 3 May 2023 | 27 – 29 Hartwell Road, Roade | 5 bed, detached | £887,500 |
| 2 May 2023 | 7 York Ride, Weedon | 3 bed, terraced | £219,400 |
| 28 Apr 2023 | 24 Tithe Way, Roade | 2 bed, semi-detached | £235,000 |
| 28 Apr 2023 | 36 High Street, Roade | 4 bed, detached | £495,000 |
| 27 Apr 2023 | 23 Harmans Way, Weedon | 3 bed, terraced | £222,550 |
| 20 Apr 2023 | 10 Wakefield Way, Nether Heyford | 3 bed, terraced | £285,000 |
| 13 Apr 2023 | 14 St Peters Way, Cogenhoe | Detached | £318,000 |
| 13 Apr 2023 | 2 Quarry View, Roade | 4 bed, detached | £400,000 |
| 12 Apr 2023 | 9 Manor Road, Weedon | 2 bed, semi-detached | £232,000 |
| 5 Apr 2023 | 9 Neneside Close, Weedon | 2 bed, detached | £338,000 |
| 31 Mar 2023 | 8 York Ride, Weedon | 2 bed, terraced | £205,000 |
| 31 Mar 2023 | Chalamar, Little Horton House Drive, Horton | 5 bed, detached | £735,000 |
| 31 Mar 2023 | 15 North Street, Rothersthorpe | 3 bed, detached | £375,000 |
| 29 Mar 2023 | 7 Church Lane, Brafield On The Green | 3 bed, semi-detached | £320,000 |
| 24 Mar 2023 | 25 Pianoforte Road, Roade | Semi-Detached | £295,000 |
| 24 Mar 2023 | 84 Furnace Lane, Nether Heyford | 3 bed, terraced | £280,000 |
| 24 Mar 2023 | 8 Harmans Way, Weedon | Semi-Detached | £251,000 |
| 21 Mar 2023 | 18a Harmans Way, Weedon | Terraced | £255,000 |
| 17 Mar 2023 | 2 Bricketts Lane, Flore | 4 bed, detached | £495,000 |
| 10 Mar 2023 | 5 Stonehurst Close, Hartwell | 4 bed, terraced | £330,000 |
| 9 Mar 2023 | 4 Regent Way, Horton | 5 bed, detached | £785,000 |
| 8 Mar 2023 | 34 Robins Close, Hartwell | 4 bed, semi-detached | £370,000 |
Conclusion:
The NN7 housing market is experiencing an impressive surge in prices, with average property values reaching new heights. The prevalence of detached properties, along with the consistent growth in the overall market, showcases the desirability and investment potential of the NN7 area. Whether you’re a homeowner looking to capitalize on the rising prices or a prospective buyer seeking a home in a flourishing market, NN7 offers exciting opportunities. As the market continues to thrive, it’s crucial to stay informed and consult with real estate professionals to make well-informed decisions in this rapidly evolving landscape.