Property Market Update for Northamptonshire NN7

The property market in Northamptonshire NN7 has seen significant activity and fluctuations over the past year. Let’s delve into the data to understand the trends and dynamics shaping the housing landscape in this area.

Average Property Prices

Properties in NN7 have shown resilience in terms of their average prices over the last year. The overall average price stood at £405,037, showcasing stability despite various market pressures.

Property Types and Prices

The market in NN7 exhibits diversity in property types, catering to different preferences and needs. Here’s a breakdown of average prices based on property types:

– **Detached Properties**: The majority of sales in NN7 were detached properties, commanding an average price of £544,201. This suggests a preference for spacious and standalone homes in the area.

– **Semi-Detached Properties**: Semi-detached properties also saw healthy demand, with an average price of £310,951, making them an attractive option for buyers seeking a balance between space and affordability.

– **Terraced Properties**: Terraced properties, while generally more affordable, still fetched a respectable average price of £258,287, appealing to those looking for compact and cosy living spaces.

Market Performance

Despite the resilience shown in average prices, the market in NN7 experienced a slight downturn compared to the previous year, with sold prices being 6% lower. However, there was an 8% increase compared to the peak prices recorded in 2021, indicating a gradual recovery and potential for long-term growth.

Market Activity

The number of properties on the market, properties sold subject to contract, and properties available paint a picture of ongoing activity and interest in the NN7 area.

– **Properties on the Market**: Currently, there are 395 properties on the market, suggesting a healthy inventory for prospective buyers to explore.

– **Properties Sold Subject to Contract**: Over the past year, 194 properties have been sold subject to contract, indicating steady transactional activity.

– **Properties Available**: With 201 properties still available, there are ample opportunities for buyers to find their ideal home in NN7.

Recent Sales

Address Bed/Type Price Date Sold Tenure
47, Oaklands, Bugbrooke, Northampton, West Northamptonshire NN7 3QU 4 bed, semi-detached £297,500 28 Feb 2024 Freehold
2, Wallwin Close, Roade, Northampton, West Northamptonshire NN7 2NA 3 bed, detached £360,000 27 Feb 2024 Freehold
9, Church Way, Grendon, Northampton, North Northamptonshire NN7 1JE 2 bed, detached £312,500 5 Feb 2024 Freehold
18, Chaplins Drive, Roade, Northampton, West Northamptonshire NN7 2PX Semi-Detached £285,000 29 Jan 2024 Freehold
4, The Green, Church Stowe, Northampton, West Northamptonshire NN7 4SN 5 bed, detached £725,000 17 Jan 2024 Freehold
8, Lancers Way, Weedon, Northampton, West Northamptonshire NN7 4PH 4 bed, terraced £230,000 17 Jan 2024 Freehold
364, Grendon Road, Whiston, Northampton, North Northamptonshire NN7 1NP Detached £505,000 16 Jan 2024 Freehold
Manor Farm, Roade Hill, Ashton, Northampton, West Northamptonshire NN7 2JH Detached £720,000 9 Jan 2024 Freehold
52, Hillside Crescent, Nether Heyford, Northampton, West Northamptonshire NN7 3LS 2 bed, detached £280,000 3 Jan 2024 Freehold
22, Main Road, Hackleton, Northampton, West Northamptonshire NN7 2AB Terraced £225,000 3 Jan 2024 Freehold
4, Laddermakers Yard, Bugbrooke, Northampton, West Northamptonshire NN7 3RG Detached £600,000 19 Dec 2023 Freehold
7, Garners Way, Harpole, Northampton, West Northamptonshire NN7 4DN 3 bed, flat £320,000 18 Dec 2023 Freehold
11, Harmans Way, Weedon, Northampton, West Northamptonshire NN7 4PB 3 bed, semi-detached £212,500 15 Dec 2023 Freehold
51, Salcey Avenue, Hartwell, Northampton, West Northamptonshire NN7 2HQ 3 bed, semi-detached £260,000 15 Dec 2023 Freehold
3, Walkers Way, Roade, Northampton, West Northamptonshire NN7 2GA Semi-Detached £310,000 15 Dec 2023 Freehold
Wisteria House, 1, Kings Lane, Flore, Northampton, West Northamptonshire NN7 4LQ Detached £250,000 11 Dec 2023 Freehold
14, The Banks, Hackleton, Northampton, West Northamptonshire NN7 2AF 3 bed, semi-detached £220,000 8 Dec 2023 Freehold
Hilltop, Roade Hill, Ashton, Northampton, West Northamptonshire NN7 2JH 4 bed, detached £586,500 8 Dec 2023 Freehold
16, Bedford Road, Denton, Northampton, West Northamptonshire NN7 1DR 4 bed, detached £710,000 1 Dec 2023 Freehold
8, Dukes Green Road, Kislingbury, Northampton, West Northamptonshire NN7 4AX 4 bed, semi-detached £370,000 30 Nov 2023 Freehold

Conclusion

In conclusion, the property market in Northamptonshire NN7 exhibits resilience and diversity, offering a range of properties to suit varying preferences and budgets. Despite minor fluctuations, average prices have remained stable, indicating a robust market with potential for growth. With ample inventory and ongoing activity, NN7 presents an attractive opportunity for both buyers and sellers in the housing market.

0 0 votes
Article Rating
Subscribe
Notify of
guest
0 Comments
Oldest
Newest Most Voted
Inline Feedbacks
View all comments

SHARE THIS

Facebook
Twitter
LinkedIn
Print