House prices in Northampton have risen by 13 per cent in the past year, latest figures released by a top chain of estate agents have revealed.
Figures released by the Sequence group of estate agents, which includes William H Brown and Bagshaw’s Residential, show the average house in Northampton is now worth £129,789.
The number of sales transactions in the county has also risen by 43 per cent in the past 12 months - almost double the rate of growth in sales across the country.
Mike Harris, area director of William H Brown, said: “The UK economy is on the mend with prospective buyers flocking to the market and Northamptonshire has followed suit.
“New buyer registrations across the county are up 23 per cent annually and sales transactions are up 43 per cent on last August, which has driven property prices up by eight per cent in Northamptonshire.
“Demand is growing at over double the rate of supply and while this trend continues, property prices are likely to increase.”
Discussing the housing market in Northampton, he added: “Northampton has been identified by the Government as a key area for economic growth and the Waterside Enterprise Zone - a number of brownfield sites along the River Nene - provides development and investment opportunities for a diverse range of businesses.
“The increasing popularity of the area is reflected in rising property prices, which are up 13 per cent annually.”
The average house price in the midlands currently stands at £137,376 compared to £396,769 in London, £233,839 in the south east and £171,728 in East Anglia.
Across the country, the average house price currently stands at £205,006.
This research is based on analysis of data from Sequence’s 300 branches across the UK.