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Trellows Property Market Update – Buckinghamshire July 2023

Trellows Property Market Update – Buckinghamshire July 2023


In the last year, Buckinghamshire has experienced a significant rise in property prices, reflecting a flourishing real estate market. This blog post will delve into the recent trends in house prices in Buckinghamshire, highlighting the average prices for various types of properties and examining the changes over the past years.

**Overview of House Prices**

Over the last year, the average price of properties in Buckinghamshire reached an impressive £506,845. This figure indicates a steady and robust real estate market in the region.

**Types of Properties and Their Average Prices**

1. Detached Properties:
Detached properties emerged as the most popular choice for buyers in Buckinghamshire during the last year. Their average price stood at £814,573, attracting those seeking spacious and independent living spaces.

2. Semi-Detached Properties:
Semi-detached properties were also in high demand, with an average selling price of £459,400. Offering a blend of privacy and community, these homes garnered considerable interest from buyers.

3. Terraced Properties:
Terraced properties, known for their charm and character, were sold at an average price of £383,653. These houses appealed to those looking for a cozy and connected living environment.

**Price Trends Over Time**

Comparing the recent data with historical figures, the house prices in Buckinghamshire have shown a remarkable growth trajectory. Over the last year, sold prices in the region have surged by 5%, demonstrating the resilience of the local property market. Moreover, these prices were 13% higher than the peak recorded in 2020 when the average price reached £448,197.

**Notable Sales**

Let’s take a look at some notable property sales in Buckinghamshire over the past month:

Date Sold Address Property Type Sold Price Tenure
23 May 2023 5, Borrowdale Avenue, Dunstable, Central Bedfordshire LU6 3PF 2 bed, semi-detached £385,000 Freehold
19 May 2023 9, Hazely, Tring, Hertfordshire HP23 5JH 4 bed, detached £380,000 Freehold
19 May 2023 17, Schuster Close, Cholsey, Wallingford, Oxfordshire OX10 9GY Terraced £457,000 Freehold
19 May 2023 16, Ripley Road, Broughton, Milton Keynes MK10 7BE Semi-Detached £355,000 Freehold
19 May 2023 24, Broom Hill, Cookham, Maidenhead, Windsor And Maidenhead SL6 9LW Semi-Detached £610,000 Freehold
19 May 2023 6, Cedar Court, 40, Oval Way, Gerrards Cross, Buckinghamshire SL9 8PD Flat £610,000 Leasehold
19 May 2023 778, South Seventh Street, Milton Keynes MK9 2PT 2 bed, terraced £230,000 Leasehold
19 May 2023 The Orchard, 45, Sixty Acres Road, Prestwood, Great Missenden, Buckinghamshire HP16 0PE Detached £1,200,000 Freehold
18 May 2023 9, Wick Road, Wigginton, Tring, Hertfordshire HP23 6EL 3 bed, semi-detached £620,000 Freehold
18 May 2023 41, Shelley Road, High Wycombe, Buckinghamshire HP11 2UW 3 bed, detached £565,000 Freehold
17 May 2023 Anthorn, Cannon Lane, Maidenhead, Windsor And Maidenhead SL6 3PH 4 bed, detached £650,000 Freehold
17 May 2023 19, Tyrrell Way, Towcester, West Northamptonshire NN12 7AS 3 bed, terraced £280,000 Freehold
17 May 2023 27, Glenwoods, Newport Pagnell, Milton Keynes MK16 0NA 2 bed, terraced £220,000 Freehold
16 May 2023 Flat 46, Panorama Apartments, 2, Harefield Road, Uxbridge, Greater London UB8 1GW Flat £295,000 Leasehold
16 May 2023 18, Copthall Lane, Chalfont St Peter, Gerrards Cross, Buckinghamshire SL9 0DB 3 bed, semi-detached £623,800 Freehold
16 May 2023 38b, Verney Walk, Aylesbury, Buckinghamshire HP21 8ED 2 bed, flat £160,000 Leasehold
16 May 2023 The Jays, Salmons Lane, Prestwood, Great Missenden, Buckinghamshire HP16 0PY 2 bed, detached £596,000 Freehold
16 May 2023 Flat 18, Moonstone Court, Dashwood Avenue, High Wycombe, Buckinghamshire HP12 3FG 2 bed, flat £235,000 Leasehold
15 May 2023 39, Engaine Drive, Shenley Church End, Milton Keynes MK5 6BA 3 bed, semi-detached £150,000 Leasehold
15 May 2023 5, Carnweather Court, Tattenhoe, Milton Keynes MK4 3DL 4 bed, detached £650,000 Freehold
15 May 2023 31, Fairway, Princes Risborough, Buckinghamshire HP27 9DH 3 bed, detached £600,000 Freehold
15 May 2023 Pinefield, Stony Lane, Little Kingshill, Great Missenden, Buckinghamshire HP16 0DS 4 bed, detached £1,100,000 Freehold
15 May 2023 191, Marlow Bottom, Marlow, Buckinghamshire SL7 3PL 4 bed, semi-detached £610,000 Freehold
15 May 2023 1, Bakery Mews, Great Missenden, Buckinghamshire HP16 0AQ 2 bed, detached £731,850 Freehold
15 May 2023 7a, Priory Avenue, High Wycombe, Buckinghamshire HP13 6SQ 1 bed, flat £210,000 Leasehold


The real estate market in Buckinghamshire has seen remarkable growth over the last year, with average house prices reaching £506,845. Detached properties, in particular, have been in high demand, commanding an average price of £814,573. The overall surge in property prices, which has outperformed previous years, signifies the region’s enduring appeal for homeowners and investors alike. As the market continues to evolve, Buckinghamshire remains a captivating destination for property seekers seeking a blend of tranquility and urban amenities.

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Northamptonshire Property Market Update – July 2023 NN11

Trellows Market Update

Northamptonshire Property Market Update – July 2023 NN11

**House Prices in NN11: A Year in Review**

If you’ve been keeping an eye on the property market in NN11, you’ll undoubtedly be intrigued by the latest figures. Over the past year, the real estate landscape in this region has shown significant growth and development. In this blog post, we’ll dive into the statistics and explore the key trends that have shaped house prices in NN11.

**Average House Prices**

First and foremost, let’s look at the overall average house price in NN11 over the last year. According to the data, properties in this area commanded an impressive average price of £325,194. This figure provides a valuable glimpse into the general state of the local property market.

**Property Types and Prices**

One interesting aspect of the NN11 housing market is the variety of property types available. Among the most prominent sales in the area during the past year were detached properties, which fetched an average price of £461,155. These detached homes seem to be highly sought after, likely due to their spaciousness and privacy.

Coming in behind detached properties were semi-detached homes, which sold for an average of £293,017. Those looking for a more budget-friendly option might have found terraced properties appealing, with an average price of £243,871.

**Growth and Historical Comparison**

The NN11 property market has also experienced growth in terms of prices. Sold prices over the past year were 8% higher than the previous year, showcasing a robust increase in property values. Furthermore, the market saw an impressive 16% surge compared to the peak in 2020 when the average price stood at £279,961. This upward trend indicates a healthy and flourishing real estate landscape in NN11.

**Noteworthy Sales**

Let’s take a closer look at some notable property sales in NN11:

1. **Howletts End, Croft Lane, Staverton, Daventry, West Northamptonshire NN11 6JE**
– 4 bed, detached
– Sold for £625,000 on 12 May 2023
– Freehold

2. **Old Mill House, Banbury Road, Moreton Pinkney, Daventry, West Northamptonshire NN11 3SQ**
– Detached
– Sold for £870,000 on 11 May 2023
– Freehold

3. **15, Clarkes Way, Welton, Daventry, West Northamptonshire NN11 2JJ**
– 5 bed, detached
– Sold for £755,000 on 28 Apr 2023
– Freehold
– Previous sales: £550,000 on 16 Oct 2015, £530,000 on 1 Apr 2011

These sales exemplify the diverse range of properties and prices in NN11, from stunning detached homes to more affordable semi-detached and terraced properties.


The NN11 property market has undoubtedly been on an upward trajectory over the past year. With an overall average price of £325,194 and various property types available to suit different needs and budgets, this region offers a promising investment and residential landscape. Whether you’re a potential buyer, seller, or simply curious about the real estate market, the figures and trends in NN11 are certainly worth keeping an eye on. As we move forward, it will be exciting to see how the housing market in this area continues to evolve.

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Northampton NN4 property market update April 2023

Trellows Market Update

Northampton NN4 property market update April 2023


House Prices in NN4

Properties in NN4 had an overall average price of £336,653 over the last year.

The majority of sales in NN4 during the last year were detached properties, selling for an average price of £457,338. Semi-detached properties sold for an average of £283,377, with terraced properties fetching £245,095.

Overall, sold prices in NN4 over the last year were 11% up on the previous year and 19% up on the 2020 peak of £284,050.

Most Expensive House Sold

36, Belfry Lane, Collingtree, Northampton, West Northamptonshire NN4 0PB


Sold on 18 Jul 2022

Sold Price £1,600,000

  • Modern detached house
  • Seven bedrooms; two en suite
  • Three reception rooms
  • Kitchen/breakfast/family room
  • Triple garage and parking
  • Large established  gardens
  • Backing onto Golf Course


With its close proximity to the M1 and A45, NN4 has long been the preferred choice of commuters and those who need easy access to road links.

NN4 boasts some of the best schools in the county and has consistently maintained the position of being one of the most sought after postcodes for fist time buyers, as well as next time buyers.

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Will the Northampton housing market collapse in 2022

Will the Northampton housing market collapse in 2022

Will the Northampton housing market collapse in 2022

Is the market in danger of freefall?


There’s no doubt 2021 was a bumper year for house prices. According to the latest ONS House Price Index, prices increased by nearly 11% year on year. The UK property market was buoyed by low interest rates, the Stamp Duty holiday and changing work habits. But will house prices continue to rise in 2022?

Many experts in the industry believe that house prices will finally begin to fall this year.” That would be welcome news for first-time buyers and upsizers.

Let’s take a closer look at the outlook for house prices in 2022, and reveal the experts’ predictions.

If you were shaken by the inflation figures from the Office for National Statistics, showing the Consumer Price Index in March was up seven per cent year-on-year, I am afraid I have to warn you that there will be more bad news in store next month. City predictions are that it will climb to around 8.8 per cent before falling back a bit through the summer. The number for the retail price index, the traditional measure, was even higher at nine per cent.

But there was another inflation figure published by the Government yesterday, which generated rather less attention. It was higher still: 10.9 per cent. That was the rise in house prices in the year to February. The fact that there was so little apparent concern says a lot about public attitudes to inflation.

Rationally, the amount we have to pay for somewhere to live is just as important as the amount we pay for other necessities such as food and fuel bills. We are ambivalent about house price inflation because for the people who own their homes, rising prices are rather a good thing. Some 65 per cent of households in the UK are homeowners, down from a peak of 71 per cent in 2003. But for most people home ownership would be the tenure of choice.

In 2014 the British Social Attitudes Survey found that given a free choice, 83 per cent would like to own their homes. On the other hand, there was strong push-back against home building, with 45 per cent of people opposing new homes being built in their area. In the south of the country that proportion rose to 50 per cent.

A mountain to climb for young people

There is the problem. We want to own our homes but we don’t want new ones to be built. You don’t need to be an economist to appreciate that if you restrict supply in the face of rising demand, prices are likely to go up. And so it is with homes in the UK. The average price for an existing property is now £266,669 and £352,909 for a newly built one. The average first-time buyer paid £230,593, up 10.1 per cent on a year ago, a sum that for many young people who don’t have family help is a mountain to climb.

So what happens next? Much will depend on the Bank of England and its path of interest rates. They are already on the move, and rose again to 1% yesterday, We will get its quarterly Monetary Policy Report then and that will give us more of a feeling for the future both of inflation and of interest rates. Incidentally, it used to be called the Inflation Report. They changed the name in November 2019, just before inflation began to take off, a shift that looks pretty silly now. I think they should eat humble pie and change it back.

Present surge expected to tail off

But there won’t be much about house prices. What will happen to them? Well, a new set of forecasts have just been published by experts, and the message there is that the present surge will start to tail off from now on.

Many in the industry think the average increase this year will be about five per cent, falling to one per cent in 2023 and two per cent in both 2024 and 2025, then climbing by three per cent in 2026. There will be regional variations, with the East of England and the East Midlands doing rather better than London or Scotland, and these are averages, so there may be some local declines.

It appears that three things stand out. One is that nobody is predicting a crash, such as took place after the banking crisis and subsequent recession of 2008-09. The second is that there will be a couple of years, maybe longer, where house prices will rise more slowly than overall inflation. So homes will become more affordable, relative at least to goods and services, and almost certainly to income too. And third, even with this quite sober outlook, prices in 2026 will, at least on average, be 13.6 per cent higher than they are now. This may not be a great time to buy a home, but it is not a dreadful one.

These are brave forecasts from industry experts who deserve credit for their work. The overall message is that buying and selling homes will not bring easy profits, as that has for many people over the past few years. People won’t be boasting that they made more from their house than they did from their jobs. That’s a good thing, for in broad social terms to have homes become more affordable for young people must be right. But a crash would do no good either. I think and hope Knight Frank is right on that one too.

Further thoughts

We’re not expecting a crash in house prices because while interest rates have to rise, they are not heading into the double digits, or anything close, as they did in the 1970s and 1980s. The overall demand for housing in the UK will continue to rise for two main reasons.

One is that the population is increasing and will continue to do so for the foreseeable future. The other is that people need bigger homes as a fair proportion of us will continue to work from them, at least part-time.

What might destabilise the market, overriding these two demand factors, would be distress sellers: people who have to sell fast because they have lost their jobs or because mortgage rates have risen too fast. As yet there is zero sign of the job market going into reverse. We learned this week that unemployment at 3.8 per cent is the equal lowest since 1974-75 and the number of unfilled vacancies at 1,288,000 the highest ever.

The labour market will cool eventually, but that will take time and borrowers will therefore have time to sort out their finances. And as for mortgage rates, the very fact that there is so much debt around means that rates don’t have to go so high to curb inflationary pressures. So a plateau in house prices as wages gradually catch up seems more likely than a sudden fall.

Young central bankers not experienced enough

But it would be right to end with a warning. It is always tricky to end a boom without pushing the economy into a slump, and the present generation of central bankers have no experience of coping with runaway inflation. They are too young. Andrew Bailey, the current governor, joined the Bank of England in 1985, five years after the US Federal Reserve had famously increased its interest rate to 20 per cent, thereby knocking inflation on the head – but causing a recession.

The present generation – and this is not to get at the Bank of England in particular – have allowed the worse inflation for 40 years. The question is, do they have the judgement to curb it now without triggering another recession?


It is unlikely that prices will head south in a significant way, although there will definitely be a correction and isolated minor falls in prices, overall, the market will remain strong. Rents have been increasing, which will ensure they keep pace with rising house prices and only one third of UK homes are mortgaged, with another third being owned outright and the other third being rented. Of the third that are mortgaged, many of them are on fixed deals which should see them through this year and in to next year, by which time the current rises in prices will begin to fall of the RPI, provided that inflation does not spiral out of control, the risk of anything dramatic is negligible.

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Best ever spring market for vendors as prices hit new record

There’s been a remarkable 1.7 per cent increase in the average asking price of homes coming to the market in just one month, according to Rightmove.

The national average is now £354,564 after the largest March increase for 18 years; in addition, the annual price growth rate of 10.4 per cent is the highest that Rightmove has recorded in any month since June 2014.

“This unprecedented price level is being stoked by the greatest imbalance between buyer demand and the number of properties available for sale that we have ever measured at this time of year. This is the strongest spring sellers’ market that we have ever seen in several metrics” says the portal in its latest snapshot, published this morning.

There are now more than twice as many buyers as sellers active in the market, which is the biggest mismatch between supply and demand that Rightmove has ever recorded at this time of year.

The speed of the market is further demonstrated by the fact that are there more than one in five deals being agreed on Rightmove within the first week of being marketed. This is double the figure for the same period in the more normal market of 2019.

Almost half are having a sale agreed within the first fortnight, another indicator of high demand and the likelihood of finding a buyer quickly.

“While these unprecedented numbers are helping to drive prices to new records, they do also show that there are a number of properties that will remain on the market after this time and that may benefit from a price reduction” cautions the portal.

 The largest monthly price rise has been recorded in the “top of the ladder” sector, predominantly comprising four bedroom or more properties.

This has seen a 3.8 per cent jump due to high demand and the greatest scarcity of supply, though encouragingly for prospective buyers in this sector 12 per cent more properties have come to market in the last month compared to the same period a year ago.

However it’s the more mass-market “second-stepper” sector that’s selling fastest, with just over half of these homes finding a buyer within the first two weeks of marketing.

Rightmove property data director Tim Bannister says: “Those who weren’t ready to take advantage of last year’s rush now have another chance to get on the market while these conditions last. Many of those who are selling in this record-breaking market obviously also face the prospect of buying again in the same market, and being in fierce competition against other buyers.

“Having a buyer for your own property, subject to contract, puts those who are buying again in a powerful position compared to buyers who have yet to sell, and agents report that these ‘power buyers’ are more likely to get the property that they want and negotiate the best deal on price.”

Bannister continues: “Agents report that despite the current high demand, a price reduction is often needed if a property has not found a buyer within the first two weeks.

“It could be that the property is too niche and has to wait for the right buyer with those specific requirements to come along, but more often it’s due to prospective buyers being underwhelmed by a seller looking for an over-optimistic asking price compared to other properties that are being snapped up at record speed. Acting quickly on a price reduction before the property goes stale can help to get sellers back on track for a speedier sale.”