City demographic series: Northamptonshire
Discover Northampton – Reasons to reside in Northampton
If you are a firm believer that variety is the spice of life, Northampton is a town that is practically designed for you. Here is an area that provides both a great level of connectivity and entertainment venues, plus the luxury of plenty of green spaces to explore. Handily, buying a home here will set you back a lot less than in popular cities like London and Brighton.
Thinking of living in Northampton? We’ve gathered all the intel on how much your home is likely to cost. Discover how Shared Ownership in Northampton combines both convenience and affordability below:
Why choose Northampton?
Northampton is where lively urban life intersects with the slow-paced allure of the countryside.
Located just 15-minutes from Milton Keynes on the train, Northampton is a town with plenty to offer, from its historic attractions to scenic surroundings. Northampton boasts abundant green space, such as Salcey Forest and Delapre Abbey. Beyond the natural beauty, you’ll never get tired of the various entertainment venues, historic buildings, and diverse shopping centres.
Centrally located in England, travelling from Northampton is a breeze. With two nearby train stations – Northampton Station and Long Buckby Station – and Birmingham Airport just 40 miles away, you’ll never have to walk long distances to get where you need to be. And Northampton doesn’t just promise a vibrant lifestyle – the house prices are also low enough for you to enjoy a higher quality of life. For a detached house in Northampton, you can expect to pay around £392,974, while a flat costs just £127,976 on average!
How much does a home cost in Northampton?
– Average detached house price in North Northamptonshire in the year ending June 2022: £392,974
– Average flat price in North Northamptonshire in the year ending June 2022: £127,976
– Number of properties sold in the year ending June 2022: 3,976
– New-build properties sold in North Northamptonshire in 2022: 2.0%
What are the best affordable homes in Northampton?
Buying an affordable home in a great living area might seem like a distant dream, but Northampton can turn this into a reality. Take a look at some of the most appealing (and affordable) homes in Northampton:
Best for countryside living
Not many homeowners can say that their home is surrounded by swathes of countryside. However, that’s exactly what you can expect at Glenvale Park, a stunning two bedroom apartment from Legal and General Affordable Homes. Here you can expect acres of beautiful countryside, but also an area populated with amenities like independent shops, cafes and restaurants.
But just because it’s pitched in the countryside, doesn’t mean you can’t enjoy the convenience of living in an urban area. With Wellingborough railway station just three miles away, you can get to work or town with minimum fuss. Available through Shared Ownership, you can live your countryside dreams at a fraction of the usual price.
Best for affordability
If you are eager to land your own apartment space in a hurry, look no further than this one bedroom home from SO Resi, on Scribers Drive. Available with an initial 55% share from just £68,750, this is about as affordable as homes in Northampton get.
In exchange for your deposit, you’ll be granted plenty of space in your home, including a double bedroom, open-plan lounge area, and a contemporary kitchen fitted with the latest appliances. Ideal for couples or people buying on their own, this is a great way to start life in thriving Northampton.
Best for families
One of the charms of Shared Ownership is that it helps you afford larger properties that might usually be out of your price bracket. Just take this roomy three bedroom house at Landimore Park. Available through Shared Ownership, you can put down a deposit of £20,115 for a home valued at £335,250.
Developed by Tilia Homes, Landimore Park has everything that a young family needs. You’ll get a spacious dining area, three bedrooms and a private garden for the little ones to run wild. With Northampton station just two miles away, you’ll also be able to explore the rest of the UK at your leisure.
Best for things to do
Northampton might have its more leisurely areas, but it’s also a town crammed full of exciting activities. From this three bedroom house at Glenvale Park, the bustling town of Northampton is truly your oyster. You’ll live just moments away from the Wellingborough town center, which boasts a variety of pubs, restaurants, shops and leisure centres.
With The Swansgate Centre shopping mall and a general market occurring every Wednesday, you’ll never have to look far for your necessities in Northampton. Using Shared Ownership, you can live in an area where there’s something always happening, at a price you can afford. Available from £108,000 for a share of 40% from Stonewater, this is a great option for a young family looking for an affordable home.
Whether you want an affordable home or an exciting new living area, Northampton is a town that exceeds expectations at every turn. At Share to Buy, you can take advantage of the best affordable homeownership schemes in the area, from Shared Ownership to Deposit Unlock. Find out what’s waiting for you in Northampton using our property portal.
Information correct at time of publishing on 11/01/2024.