Northamptonshire NN17 Property Market Update – August 2023
**Exploring House Prices in NN17: A Year in Review**
If you’re keeping an eye on the property market, specifically in the NN17 area, you’re in for an interesting read. Over the past year, the housing landscape has seen some notable shifts, and we’re here to break it down for you. From average prices to property types, we’ve got the scoop on all things real estate in NN17.
**Average House Prices: A Snapshot**
Properties in NN17, North Northamptonshire, have been making headlines, with an overall average price of £255,488 recorded over the last year. This figure is a crucial indicator of the region’s real estate market health and can provide valuable insights for both buyers and sellers alike.
**Diverse Property Types and Their Prices**
One intriguing aspect of NN17’s real estate scene is the variety of property types available. Here’s a breakdown of the average prices for different property types:
– Semi-Detached Properties: The semi-detached properties have clearly been in demand, with an average selling price of £230,431. These homes offer a balance of space and privacy, making them a popular choice among buyers.
– Terraced Properties: Terraced properties also saw a fair share of attention, selling for an average price of £222,455. These homes often boast cozy layouts and a strong sense of community.
– Detached Properties: The detached properties take the spotlight with an average price of £422,549. These spacious and independent homes come at a premium but offer unparalleled privacy and comfort.
**Market Trends and Insights**
Zooming out for a broader view, the sold prices in NN17 over the last year have shown a 2% increase compared to the previous year. What’s even more impressive is that these prices have risen by 6% since the peak in 2020 when they reached £240,041. These trends reflect the dynamics of the housing market, indicating the area’s desirability and potential for value appreciation.
**Behind the Numbers: Notable Sales**
Let’s delve into some intriguing real-life examples of properties sold in NN17 over the past year:
– **122, Stephenson Way, Corby, North Northamptonshire NN17 1DE**
A 3-bedroom semi-detached property that changed hands for £133,000 on 14 June 2023. It had previously sold for £74,000 on 5 December 2003.
– **4, Lindersmith Close, Weldon, Corby, North Northamptonshire NN17 3ND**
This semi-detached property fetched £117,000 on 2 June 2023. While no other historical records are available, the property stands as a testament to the evolving market.
– **29, The Brontes, Corby, North Northamptonshire NN17 2NH**
A 2-bedroom terraced property, sold for £190,000 on 2 June 2023. Its history includes previous sales of £97,000 on 10 September 2007 and £82,500 on 18 November 2005.
These transactions provide a glimpse into the range of properties available in NN17 and the diversity of their prices.
**Closing Thoughts**
As we wrap up this exploration of house prices in NN17, it’s clear that the area’s real estate market is vibrant and evolving. With a mix of property types and a consistent trend of increasing prices, NN17 proves to be an intriguing destination for both homebuyers and investors. Whether you’re looking for a cozy terraced property, a spacious detached house, or a semi-detached gem, NN17 has something for everyone in the dynamic world of real estate. Stay tuned for more updates as the market continues to unfold its story.