Tag: Northampton

Posted on

Northampton house prices continue to rise

Northampton house prices continue to rise

Northampton house prices continue to rise

Property rose by 0.5 percent more expensive than in February, new figures show.

The boost contributes to the longer-term trend, which has seen property prices in the area achieve seven percent annual growth.

The average Northampton house price in March was £225,681, Land Registry figures show – a 0.5% increase on February.

Over the month, the picture was less good than that across the East Midlands, where prices increased 1.9%, and Northampton underperformed compared to the 1.8% rise for the UK as a whole.

Over the last year, the average sale price of property in Northampton rose by £15,000 – putting the area 40th among the East Midlands’s 45 local authorities for annual growth.

The best annual growth in the region was in Oadby and Wigston, where property prices increased on average by a whopping 21 percent, to £275,000. At the other end of the scale, properties in East Northamptonshire gained 3.1 percent in value, giving an average price of £257,000.

Winners and Losers

Owners of terraced houses saw the biggest improvement in property prices in Northampton in March – they increased 0.8 percent, to £192,588 on average. Over the last year, prices rose by 7.9 percent.

Among other types of property:

■ Detached: up 0.5 percent monthly; up 7.9 percent annually; £388,929 average

■ Semi-detached: up 0.3 per cent monthly; up 6.7 per cent annually; £232,200 average

■ Flats: up 0.4% monthly; up 3.7% annually; £130,191 average

First steps on the property ladder

First-time buyers in Northampton spent an average of £199,000 on their property – £13,000 more than a year ago, and £40,000 more than in March 2016.

By comparison, former owner-occupiers paid £250,000 on average in March – 25.3 percent more than first-time buyers.

How do property prices in Northampton compare?

Buyers paid 2.6 percent more than the average price in the East Midlands (£220,000) in March for a property in Northampton. Across the East Midlands, property prices are lower than those across the UK, where the average cost £256,000.

The most expensive properties in the East Midlands were in Rutland – £362,000 on average, and 1.6 times as much as in Northampton. Rutland properties cost 2.4 times as much as homes in Bolsover (£149,000 average), at the other end of the scale.

The highest property prices across the UK were in Kensington and Chelsea, where the average March sale price of £1.3 MILLION could buy 14 properties in Burnley — where the average is £94,000.

 

Posted on

Rogue landlord fined £27k for unsafe HMO

Rogue landlord fined £27k for unsafe HMO An unscrupulous landlord has been fined £27,000 over an unlicensed HMO in Luton with multiple fire and safety breaches. ​

Luton Magistrates Court heard that the unlicensed property at 14 Kenneth Road, Luton, LU2, had poor fire alarm systems and blocked fire exits, missing and broken tiles on the roof, and evidence of rat infestation.

Marco Caruso of Verulam Court, Hendon, pleaded guilty to illegally managing a HMO and seven breaches of HMO regulation.

He was fined £27,000, which included a £170 victim surcharge and costs of £848.70.

Cllr Tom Shaw, portfolio holder for housing, commented: “This is a great result for the rogue landlord project [being operated by the council] and an excellent example of how we are working together to ensure that private housing in Luton is of a good standard.

“If an HMO is poorly managed, the tenant’s safety could be at risk.

“We are committed to identifying rogue landlords and making sure the properties they manage are in a good condition and adhere to safety regulations, or face prosecution.”

Posted on

Help and support available for landlords paying tax and keeping records

Help and support available for landlords paying tax and keeping records The tax return deadline when filing your online Self Assessment for the tax year ending 5 April 2019 is less than a month away.

Filing an annual tax return is a necessary task for every self-employed person, including buy-to-let landlords, with the 31 January deadline for the 2018/19 Self Assessment tax return at midnight on 31 January 2020.

Whether you have just started out as a buy-to-let landlord or you are an established property investor, there is much to consider from a financial point of view.

Around 10 million people must complete a self-assessment tax form every year, typically because they are self-employed, run their own business or have untaxed income or capital gains, such as from a buy-to-let property, a trust or investment portfolio.

There is no need to fret over filing your tax returns, as it does not even require an accountant.

However, if you are concerned about going it alone and doing your own tax return, you may wish to check out HMRC’s ‘help and support for landlords’.

For more information, click here.

HMRC also offers online tax return help for landlords to their online series of help and support webinars.

View all HMRC webinars.

Posted on

Northampton Postcode Profile NN3

profile nn3

 

The Northampton NN3 postcode district is a very buoyant property market place,  with a steady price trend and uninterrupted growth. although it is slightly below the NN4 area on price, the sales pattern holds firm with property selling just was well, if not better.

The most expensive street is still Standing Stones, followed by Park Avenue south and closely behind is Thorburn Road. the streets with the highest turnover of property are, Alvis court (Rectory Farm, followed by Gregory Gardens, on Eastfields and then Chater Street, in Moulton.

 

Screenshot 24 Screenshot 25 Screenshot 26 Screenshot 27 Screenshot 28 Screenshot 29

 

Posted on

4 Bedroom Cottage Denton Northampton

The Old Dairy is a beautifully presented mid terraced traditional cottage overlooking the village green in Denton. This superb home extending over 2000sqft retains many original features including beams and an inglenook, it has also been substantially extended creating a superb bright and spacious family home.
A stone flagged entrance opens to the very welcoming reception room which has a beamed ceiling and large inglenook with wood burner, to the far end of this room is a ground floor double bedroom or if preferred study/snug. To the rear is a superb kitchen/dining room with a central preparation island and a large dining area, the whole room is flooded with natural light from a conservatory style roof. There is also a guest cloakroom on the ground floor.
On the first floor are three good size double bedrooms one of which has a large en-suite shower room, there is also a family bathroom with a roll top bath. To the rear of this floor is the master bedroom with en-suite shower room and separate dressing room with utility area, the bedroom opens onto the rear garden so could if wanted be used as a further family room.
The gardens to the rear are a delight and a lovely sun trap, there are brick paved terraces and barbeque area leading to a lawn and stocked flower borders. Beyond the freehold title is a further area which the property has sole enjoyment of but is held on a lease for a nominal annual rental. This area can be used as a garden only and is approximately 1/4 acre with two brick outhouses and rear lane access, it’s a very private garden with mature trees and would be ideal as extra entertaining space or if green fingered a superb vegetable garden!
Denton is a village located approximately six mile south east of Northampton. It is a traditional village with a good primary school, village pub, church and village hall. It is well located for access to Northampton, Bedford, the M1 motorway and A45 and the mainline railway station at Northampton for London

Entrance Lobby –

Reception Room – 7.80m x 4.98m (25’7 x 16’4) –

Bedroom 4/Snug – 5.13m x 2.67m (16’10 x 8’9) –

Cloakroom –

Kitchen/Dining Room – 7.75m x 3.53m (25’5 x 11’7) –

Master Bedroom – 4.98m x 3.07m (16’4 x 10’1) –

En-Suite Shower Room –

Double Bedroom – 3.18m x 3.15m (10’5 x 10’4) –

Family Bathroom –

Bedroom – 2.87m x 2.72m (9’5 x 8’11) –

Dressing/Study Area –

Shower Room And Utility Area –

Bedroom/Family Room – 4.72m x 3.35m (15’6 x 11) –

Property Features

  • Mid Terraced Extended Village House
  • Four Bedrooms
  • Reception Room With Inglenook
  • Kitchen/Dining Room
  • Family Bathroom And Two Shower Rooms
  • Family Room/Bedroom 5
  • Delightful Garden
  • Further 1/4 Acre Garden With Outbuildings Available For Nominal Rent
  • Original Features
  • No Chain

Fine & Country Northampton
9 George Row
Northampton
NN1 1DF
Tel: 01604 309030

Posted on

Northampton NN2 Postcode Profile

profile nn2

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.