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.
5. East Hunsbury
There was a decrease of 2.9 percent in East Hunsbury and homes sold in September 2020 for an average price of £266,147 compared to £274,179 in September 2019. Photo: Google Maps.
6. Kingsley Park and Racecourse
This area saw a price fall of 2.4 percent, meaning, on average, homes cost £207,256 in September 2020. Photo: Google Maps
7. Briar Hill and Hunsbury Hill
House prices fell by 2.3 percent between September 2019 and September 2020 and the average price of a home on the latter date was £212,089. Photo: Google Maps.
8. Abington Vale
This area saw a 2.2 percent decrease, meaning the cost of home, on average, was £345,185 in September 2020. Photo: Google Maps.