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.
9. Town Centre and Semilong
Prices fell by 2 percent in the town centre and Semilong. In September 2020, the average house price was £136,975 compared to £139,741 in September 2019. Photo: Google Maps.
10. Cliftonville and Rushmere
Prices fell in this neighbourhood by 1.7 percent and the average house price in September 2020 was £186,363. Photo: Google Maps.
11. Overstone Lodge and Rectory Farm
This area saw a 1.2 percent fall in house prices. House prices, on average, were £193,256 in September 2020. Photo: Google Maps.
12. Delapre
The final area of Northampton which saw a fall in prices is Delapre, which saw a decrease of just 0.4 percent. The average price in the area was £224,397 in September 2020. Photo: Google Maps.