The pandemic has caused an economic crisis across the country, which has in turn affected house prices in towns and cities across England, including Northampton.
For many neighbourhoods, prices have increased, however there are a dozen areas where it is a buyer’s market and some bargains can be found.
ONS (Office for National Statistics) publishes house price figures by Middle Layer Super Output Areas (MSOAs) – small geographic areas containing an average of 7,200 people.
For Northampton, these figures show that 12 of the 31 areas of the town saw an decrease in house prices between September 2019 and September 2020, despite fewer sales.
Some areas even saw an average fall of nearly 13 percent compared to the previous year.
Below are the 12 neighbourhoods where house prices have decreased the most in the year to September 2020.
1. Billing and Riverside
The area where prices have fallen the most is Billing and Riverside where prices are down 12.8 percent. The average house price in September 2020 was £211,903. Photo: Google Maps.
2. Sunnyside
With a fall of 9.4 percent, Sunnyside comes in at second on the list. The average house price was £222,652 in September 2020 compared to £245,683 in September 2019. Photo: Google Maps.
3. New Duston West
This neighbourhood saw a fall of 9 percent with homes selling for an average of £218,044 in September 2020. Photo: Google Maps.
4. Little Billing
Prices fell by 4.5 percent in Little Billing where homes cost, on average, £232,508 in September 2020 in comparison to £243,134 in September 2019. Photo: Google Maps.