Northampton house prices increased slightly in July

​The ​boost ​contributes to the longer-term trend, which has seen property prices in the area ​achieve 0.9% annual growth​.

The average Northampton house price in July was £215,937, Land Registry figures show​ – a 0.7% increase on June.

Over the month, the picture was ​similar to that across the East Midlands, where prices ​increased 0.8%​, but Northampton outperformed the 0.5% rise for the UK as a whole.

Over the last year, the average sale price of property in Northampton ​​rose by £1,900 – putting the ​area 32nd among the East Midlands’s 40 local authorities for annual growth.

​The best annual growth in the region was in High Peak, where properties increased on average by 8.7%, to £209,000. ​At the other end of the scale, properties in Boston dropped 3.3% in value, giving an average price of £156,000.

Winners and Losers

Owners of flats saw the biggest improvement in property prices in Northampton in July – they increased 1%, to £126,753 on average– but over the last year, prices dropped by 2.4%.

Among other types of property:

Detached: up 0.5% monthly; up 1.2% annually; £368,832 average

Semi-detached: up 0.8% monthly; up 1.9% annually; £224,119 average

Terraced: up 0.7% monthly; up 1.1% annually; £182,863 average

​First steps on the property ladder

First-time buyers in Northampton spent an average of £​191,100 on their property – ​£1,300 more than a year ago, ​and ​£40,100 more than in July 2015.

By comparison, former owner-occupiers paid £​238,600 on average in July​ – 24.9% more than first-time buyers.

​How do property prices in Northampton compare?

​Buyers paid 7.1% more than the average price in the East Midlands (£202,000) in July for a property in Northampton. Across the East Midlands, property prices are lower than those across the UK, where the average cost £238,000.

The most expensive properties in the East Midlands were in Rutland – £329,000 on average, and 1.5 times as much as in Northampton. Rutland properties cost 2.3 times as much as homes in Bolsover (£140,000 average), at the other end of the scale.

The highest property prices across the UK were in Kensington and Chelsea, where the average July sale price of £1.2 million could buy 14 properties in Burnley (average £91,000).

Factfile

Average property price in July

Northampton: £215,937

The East Midlands: £201,608

UK: £237,963

Annual growth to July

Northampton: +0.9%

The East Midlands: +4.2%

UK: +2.3%

Best and worst annual growth in the East Midlands

High Peak: +8.7%

Boston: -3.3%