Northampton council homes sell for less than a third of the county average

Council sells housing stock at discounted prices
Council sells housing stock at discounted prices
  • Northampton Borough Council has sold more of its housing stock in the last quarter compared to any in the last three years
  • Average sale price per house is less than a third of the cost to build a new one
  • Council house tenants are entitled to a maximum discount of £77,000 to buy their home

Northampton Borough Council has been selling its housing stock at less than a third of the Northamptonshire average, figures have shown.

In the last few months, the council sold 33 of its properties for an average price of £49,393.94, compared to the county average, which is just above £150,000.

These prices are less than half of what it costs to build new ones

Norman Adams, council housing campaigner from Northampton

The average Right to Buy prices for council properties in Northampton were published last month by the Department for Communities and Local Government (DCLG).

They show that in the last quarter, the council sold the highest number of houses compared to any other quarter in the last three years, generating a total of £1,630,000.

Under national Government guidelines, the maximum discount available for council house tenants who are eligible to buy their homes is £77,000 across the UK, not including London, which is £102,700.

Northampton council housing campaigner and blogger, Norman Adams, said: “When the Conservatives came to power, they promised they would replace sold housing stock one-for-one, but they haven’t actually built a single one in the period since 2012.

“Selling these council properties at such low prices is an issue because it is less than half of what it costs to build new affordable homes on average.

“The rest of the money will have to be funded from somewhere else and that means the tax-payer. It isn’t fair because paying taxes should be to fund things that bring about the greatest good for the greatest number of people, not just to give a couple of people a discount to buy their house.”

Councillor Mary Markham, deputy leader of Northampton Borough Council and cabinet member for housing, said: “People exercising their right-to-buy are entitled to a discount set under national rules determined by Government.

“The level of discount depends on the nature of the property and the length of time the person or family have been tenants which is why properties can sometimes appear to have been sold at low prices.”