Wellingborough

Area Guide For Wellingborough

Wellingborough is a market town and borough in Northamptonshire, England, situated some 11 miles (18 km) from the county town of Northampton. The town is situated on the north side of the River Nene, most of the older town is sited on the flanks of the hills above the river's current flood plain. Due to frequent flooding by the River Nene, the town was mostly built above the current level of the flood plain. Originally named "Wendelingburgh", the town was founded in the early 6th century Saxon period by a Saxon leader called Waendel and is mentioned in the Domesday Book under the name of "Wendelburie". The town was granted a royal market charter in 1201, by King John of England. As of 2001 the census states it has a population of 46,959. The town of Wellingborough is governed by The Borough Council of Wellingborough, with their office located in the town centre. The town is twinned with Niort in France, and with Wittlich in Germany. The town is predicted to grow by around 30 percent under the Milton Keynes South Midlands (MKSM) study, as the UK government has identified Wellingborough as one of several towns in Northamptonshire where growth will be directed over the next 30 years.

 
 

Wellingborough Map

Estimated Price: £168,345
Average Asking Price: £214,017
Price change in last one year: £6,379
Average Price Paid: £148,789
Average Rent Rates: £615

 
 

Property Prices Breakdown in Wellingborough

Average Price for property in Wellingborough is around £168,345 which varies based on type of property you are interested in and ranges from £237,919 for detached house to around £153,454 for semi-detached. Similarly terraced house is around £122,449 and a flat is worth £105,690. Values have been changing and have risen £648 in last 3 months alone. Similar historical trend can be observed in price changes e.g. prices changed £2,235 in last 6 months, £6,379 in last 1 year, £10,079 in last 2 years, £18,372 in last 3 years, £21,142 in last 4 years and £13,078 in last 5 years.

Currently average asking price of a property in Wellingborough is around £214,017 based on approximately 1,237 properties for sale. Same is the case with rental options based on 149 properties up for rent, average asking rent is around £615 per month.

Estimated property value in Wellingborough is £168,345. Average asking price is £214,017 while average price paid is £154,414 which is up by £6,379 and Avg. asking rent £615.Based on an Online Survey

Buyers are willing to pay high dollar prices to grab these properties because of the recent trend in real estate investment especially in Wellingborough area. In last 1 year alone average price buyer paid is around £154,414 based on approximately 1,237 sales in Wellingborough area alone. If you compare it to last 3 years sales of 3,464 properties where buyers paid around £150,489. It has been same for some time now for e.g. if you take an average of amount paid in last 5 years, it comes to around £148,789 for 5,391 and average amount paid for purchase of approx. 7,333 properties sold in last 7 years comes to about £148,082 per sale.

 
 

Properties For Sale in Wellingborough

 
 

Breakdown of asking prices for homes of different sizes show that price varies clearly based on no of bedrooms and type of house. Asking price for a house with 1 bedroom is around £107,498, £139,776 for a 2 bedroom house, £185,334 for a 3 bedroom house, £294,394 for a 4 bedroom house and £411,752 for a 5 bedroom house. For a flat similarly the prices varies from £85,907 for a single bedroom to £96,672 for a 2 bedroom Flat. To sum up the asking prices for properties in Wellingborough it comes to around average £88,066 for 1 bedroom property, £120,618 for 2 bedroom, £185,334 for 3 bedroom, £294,394 for 4 bedroom and £411,752 for a 5 bedroom property.

Rent per calendar month varies similarly based on type and size of the house. If you look at the rents per month for houses alone it can vary from £398 for 1 bedroom to £561 for 2 bedroom, £667 for 3 bedroom and £843 for 4 bedroom. But if you are interested in renting a 1 bedroom flat then rent per month can be around £425. As the no. of bedroom increase so will the rent e.g. for a 2 bedroom flat it will be around £574 and £667 for 3 bedroom. You should be generally be expecting around average £412 rent per month for single bedroom property, £570 for 2 bedroom, £667 for 3 bedroom and approximately £843 for 4 bedroom property in Wellingborough area.

Popular Houses in Wellingborough

Disclaimer : Location real estate estimates and values are based on House price index background data and Sales data provided by United Kingdom Land registry Records available as public records from their website. This information is updated monthly on our website and may not reflect all public transactions. This information is based on estimated calculation generated from our developed algorithms. We are striving to make this information as accurate and useful as possible. This data covers the transactions received at Land Registry in the period 1/1/1995 to 9/1/2014. © Crown copyright 2014. Data produced by Land Registry © Crown copyright 2014.

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