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“If some firm would come along and build 100 houses here as an investment for renting, I believe they would all be let at once,” said Mr. Robert Tusting, in a review of the Rushden property market during 1933.
A potential increase in the population of the town may be deduced, as a feature of the year was the big demand for houses to be rented at sums within the reach of working class people. There is no doubt that a very large number of people who are working in Rushden at present reside in neighbouring towns and villages.
New Estates
Referring to this need, Mr. Tusting says there are three to four hundred applicants for houses, the rentals of which are from 12/6 to 14/- a week. During the past year, several bungalows and cottages from £390 to £450 have been disposed of, and some better houses, from £550 to £750, have been built. There is still a good demand for cottage property, provided they are in the market, for investment, but larger houses are a distinct failure.
A new roadway is now being made for further development of the Rushden Hall estate, and immediately building operations begin there will be a demand for the houses there.
But there is no spirit in buying for the time being. As trade gets better, no doubt the market will improve. There are other private estates in the town which may be developed in the near future, which will be interesting to watch.
Few Houses To Let
Mr. J. L. Wilson believes business in the property market has been brisk. There has been a constant demand for houses of the smaller type, and purchasers seem to realise the facilities offered by the building societies. Cottage property investments have been in demand – a contrast to large town houses.
As for some years past, there has been a scarcity of houses to let, and when there has been property available satisfactory tenants have been found without difficulty.
A few inquiries have been received for factories and workshops in the district, and there has also been a big demand for building land near the centre of the town.
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