How much does a house for sale cost in Northampton?

by | Nov 15, 2022

Home $ House for sale in the UK $ Houses for sale in West Midlands $ How much does a house for sale cost in Northampton?

Northampton can be a tough place to find accurate information like any city in the UK. Read on to learn about which data to stay on top of when looking at house for sale in Northampton.

On top of this, keep reading for detailed information on the demographics of Northampton in Northamptonshire. This is crucial in finding out if the area is worth for looking at houses for sale in the UK for an investment over the long term too.

What are the people like in Northampton?

In Northampton, what are the deprivation levels like?

Most of the time, high deprivation levels signal that people cannot afford to sustain their living expenses. In Northampton, currently, 26% people fall into this category.

Measuring this statistic against the nationwide average of 33% should give you a pretty good idea of where the city lies in the scale of poverty in the area.

What’s a social grade score and how does it relate to Northampton?

Most of the time, the social grade score of a city is what it takes to determine what the economic levels are like as this score refers to what type of jobs the people of the area generally work as. So, from highly skilled, managerial roles, to the manual labour workers of the UK, how does Northampton compare?

At the highest end of the scale (A) jobs that are managerial administrative or professional are all lumped into this category. On the other hand, there is the lowest grade (E) where workers who are on benefits, state pensions or work casual jobs fall into.

In Northampton, the percentage of people who work in the two highest skilled categories of this scale (A and B) is 22%.

So you can compare this data, here is the estimated grouping of the social grades of the UK for the general population. Adding the two highest categories of A and B and comparing this percentage to the high social grade score which combines A and B should give you a good comparison.

Social Score Category The proportion of the UK population (%)
A Professional, managerial or administrative 4
B Intermediate managerial or professional jobs 23
C1 Supervisory, junior managerial or professional jobs 29
C2 Skilled manual workers 21
D Semi and unskilled manual workers 15
E State pensioners, casual & lowest grade workers 8

What salary does the community in Northampton take home?

While not always the case, the amount people earn can be associated with better schools in the area and perhaps a nicer environment to live in.

£39,900 is the average household income of the area. And the higher this figure is the more likely it is that there is a higher percentage of people with a social grade score in the A or B categories which is 22% for Northampton.

Do the people of Northampton get to enjoy green space?

In the city of Northampton, there are 13.7 acres of green space per 1000 residents.

The charity, ‘Fields in Trusts’ recommends a minimum of 6 acres of green space per 1000 people so it is easy to see where Northampton is when seeing if green space availability is sufficient. This green space could be parks, nature reserves, public gardens or playing fields.

In Northampton, what is the crime rate?

Within Northampton, the number of people committing crimes is 309 per 1000 people. This figure directly relates to the safety of residents in the area which is one of the biggest factors in whether an area is considered desirable or not.

As a result, someone looking to buy a house here hoping for it to appreciate in value or buying a house here to produce rental income should check out the crime rate and compare it carefully to the UK average of 79.52 for every 1000 people to see how safe people living there will be.

If the area’s crime rate is too high, this may result in you having to pay for the renovation of burglaries or pay a premium on home insurance as insurance companies will charge you more for living in a dangerous area. So analyse this 309 figure carefully.

In Northampton, how has the population changed?

In the UK in general and specifically in the region in question, large population sizes can be good indications that there are a lot of people in the area looking for houses for sale which can drive up demand and therefore impact the cost. You should also check to see if the population is growing in the area too to show an increasing demand, this is even better. Currently, the total population of Northampton is 29,209.

Sometimes, smaller populations can have higher buyer demand than large populations on the other hand. This is because the price of houses and hence the demand for houses is based on a variety of variables.

The most important variable is the location of the houses for sale in the city of Northampton.

In Northampton, how has the population changed over the last five years?

In the last five years, over time, the change in population size was no relevant data for this city. Looking at this figure can inform you of the buyer demand for the houses for sale in the area. Read more here

This may mean that the city has now started to slow down in terms of population growth or it may mean the city is also building a lot of houses which would indicate the supply of houses for sale will be matching the demand.

Making predictions about the future growth of Northampton is hence important in making a decision if capital appreciation of your real estate investment is something you’re after as a landlord.

Comparing this figure for the 5 year growth (no relevant data for this city) as well as the ten year growth in the subheading below should allow you to make some accurate forecasts on the growth rate. Click here to know more on the UK population trends.

Northampton population difference over 10 years?

The population has adjusted in the area of Northampton by no relevant data for this city in the most recent decade. This change is even more useful when compared alongside the figure for the five year growth of the area too.

This will tell you if the population is changing at the moment or if change is more recent. Through this a landlord can accurately look at the fluctuations in population size of the area over time and therefore better understand the trend of the houses for sale in Northampton.

To make an example, the town of Salford which is a part of Manchester has seen a 10% increase in population. house price has therefore followed.

What is the education level like in Northampton?

In the city of Northampton, 30% of people have degrees. In general, as the number of people who are highly educated goes up, the more likely they are to have the ability to buy houses as their annual household income goes up too.

So you can see for yourself, the average income for the people of Northampton is £39,900. This generally goes up with the education level of the area. Additionally, looking at the difference between the proportion of people with degrees and the UK average for this statistic (22.6%) should give you an idea of the affluence and education of the city.

A higher education level can therefore tell you if the house prices are likely to be high as the higher income level often results in people buying a bigger, more valuable house.

Having said this, whale education level can be a good factor to go by, there are also things like the rental yields, the population growth and social grades scores that can impact the value of a house and whether it will go up in value as time goes on.

In the city of Northampton, the demographics are unique and must be looked at by themself to make a conclusion about the area before buying a house. This is because the growth could be greatly different to the wider area of Northamptonshire for example.

These demographics for Northampton may impact the price of a house, how this house grows over time and the profitability of a house if you are buying it for an investment so knowing the area is crucial for a landlord making a purchasing decision in the city of Northampton in West Midlands.

What’s the rental yield in general for the city of Northampton?

If you’re buying a house for investment rather than for the reason to live in the house over time and use the house as a place to stay in the long term, there is a need to look at the rental yield figure to see if the house for sale you are considering to buy is a good investment or not.

This figure is usually looked at by investors as well as the rental income of the area, the sale turnover and the rent turnover.

The table below represents this data and compares Northampton to Northamptonshire and the broader suburb of the UK; West Midlands.

Average Yield Average Asking rent Turnover (rental) Turnover (sale)
Northampton 4.8% £888 140% 27.0%
Northamptonshire 3.73% £983 126.92% 19.22%
West Midlands 3.89% £877 119.29% 20.00%

Let’s assume you want to sell the house you’re looking to buy in Northampton for profit in the future, in this case, looking at the data for the number of houses sold per month in Northampton would give you an idea of whether the area is actively getting new investors. This figure is 34.

It is vital you be careful with this figure however as the data can suggest something that isn’t true in Northampton. To give an example, a lot of people buying new houses could also indicate there are a lot of new first time buyers in the area which would in fact drive down the rental yield.

The more people there are interested in renting, rather than buying, the more likely that area of the UK has high rental yields and hence investors like these areas to invest in to create a large amount of cash flow.

In Northampton, how has the number of houses changed?

The growth of an area like Northampton can be a great indicator of a thriving city and the influx of new people can drive demand for housing and help appreciate the value of your house after you buy it.

Paying attention to the table below tells you how the number of houses has changed over time at one year, three year and five year intervals.

1 year 3 years 5 years
Northampton growth rate 3% 20% 26%

Despite the number of houses being built rising, this may not indicate that the housing price of the houses for sale is going up. It could be the case that there are a lot of new builds in the area which are causing the supply of the houses for sale to match demand and this could cause a decline in house price as time goes on.

Make sure you do your own research specific to the city of Northampton if you want to find out the exact reasons for the housing change.

What is the asking price on average of houses for sale in Northampton?

Before a house gets sold, the figure it sells for always starts off as an asking price. This average asking price for the houses for sale in Northampton determines the eventual sale price of the house so it isn’t the most important figure but is still important to take note of. This figure is currently £221,965.

Below, there is a table showing the asking price of the different sizes of houses based on the number of bedrooms of the houses in Northampton.

Average asking prices for houses for sale in Northampton

Average asking price (1 bed) £129,688
Average asking price (2 bed) £184,170
Average asking price (3 bed) £263,200
Average asking price (4 bed) £350,238
Average asking price (5 bed) no relevant data for this city

Reading the table above should therefore give you a good idea of the type of house for sale that is within your budget in Northampton and if you may need to look at a different area in order to buy the type of house you can afford.

Also, noting the £2,360 should also give you an overview of what the asking price for houses for sale are in general.

In general, what do houses for sale sell for in Northampton?

For the city of Northampton, the average price a house sells for is £191,986. This value usually depends on the exact location of the house within Northampton as well as other factors like the population growth in Northampton which is no relevant data for this city over a ten-year period.

Housing category Total final sale price
Aerage sold price (detached) £378,369
Aerage sold price (semi-detached) £278,455
Aerage sold price (terraced) £206,165
Aerage sold price (flat) £128,320

The above table puts this figure into perspective as you can see the various average sale prices of a house for the specific type of house you’re most interested in. This comparison is important because the type of house you’re considering to buy may be more or less in demand based on variations in supply and demand in the city of Northampton.

Housing category Sale price per square foot
Aerage sold price/sqft £2,150
Aerage sold price/sqft (new build) £3,000
Aerage sold price/sqft (old stock) £2,060

Generalising the bottom table, the average value per square foot of a house for sale is £2,250. This value averages all of the types of houses for sale in Northampton. So, if you’re not sure what type of house you want specifically, you can still get an idea of the real estate market of Northampton.