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Borrowash House Prices Borrowash House Prices

The average house price in Borrowash is £331,600 using HM Land Registry data.

The average property price increased by £107,796 (48.83%) over the last 5 years and increased by £21,544 (7.02%) over the last 12 months.

Over the last year, there were 92 residential property sales – a decrease of 7 transactions (-7.61%) relative to the previous year. The majority of house sales (26) were in the £170,000 - £234,000 range. Then came properties in the £234,000 - £298,000 range, where 21 were sold within this price bracket.

Excluding fall throughs, properties are taking an average of 76 days to sell (from being listed to completion) and the average difference between asking and sold prices is £-8,244 (-2%).

In April 2024, there were 13 new estate agency instructions, 5 agreed home sales and 6 property price reductions.

Neighbouring Areas: Derby

Postcodes Covered: DE72

5-Year Average Property Prices in Borrowash

48.83%

Property prices in Borrowash increased by 48.83% in last 5 years.

The trend shows the general price tendency over the last 5 years, ignoring all month-to-month fluctuations where anomalies - typically over or underpriced property sales - can skew results. These monthly variations typically do not have any long-term relevance.

We have used linear regression method. The volume of sales in a month is used to put more weight on months with a larger number of properties sold. Additionally, weighting decreases the impact of months with low sales volumes as well as the most recent month - which may consist of incomplete data. Such months have a higher variation of average sale values which may conceal the underlying trend.

From a statistical perspective, we use the least squares method to fit the trend line and weights are equal to the volume of sales squared. The volume of sales is not shown explicitly in the above plot. Also note the time lag for HM Land Registry data to appear (typically 2 to 3 months).

Average Property Prices in Borrowash Over the Last Year

7.02%

Property prices in Borrowash increased by 7.02% in last 12 months.

The trend shows the general price tendency over the last 12 months, ignoring all month-to-month fluctuations where anomalies - typically over or underpriced property sales - can skew results. These monthly variations typically do not have any long-term relevance.

We have used linear regression method. The volume of sales in a month is used to put more weight on months with a larger number of properties sold. Additionally, weighting decreases the impact of months with low sales volumes as well as the most recent month - which may consist of incomplete data. Such months have a higher variation of average sale values which may conceal the underlying trend.

From a statistical perspective, we use the least squares method to fit the trend line and weights are equal to the volume of sales squared. The volume of sales is not shown explicitly in the above plot. Also note the time lag for HM Land Registry data to appear (typically 2 to 3 months).

Property Market Heat Gauge for Borrowash - April 2024

Our Property Market Heat Gauge looks at how long properties in your postcode district have been on the open market before being changed to sold 'Subject to Contract' ('STC') or 'Under Offer' on Rightmove (the UK's leading property portal).

At 61 to 80 days, the broad evidence suggests a slow moving market. This can often be due to estate agency over-valuations out of sync with the realities, a market slowdown or a combination of both. In such scenarios, some vendors may either choose to wait for the market to pick up (which may result in some relisting the property at a later date). Others simply reduce the price to a level that will entice more buyer interest or approach a sell house fast or auction company like Property Solvers.

Please note that this is not an indicator of how quickly property sales are taking to complete (i.e. to go through the whole conveyancing process). This measurement also does not take into account the risk of home sales falling through.

No. of New Instructions Over the Last 12 Months in Borrowash

Using local estate agency reported data, this chart illustrates the number of properties that have come on to the market.

No. of Agreed Home Sales Over the Last 12 Months in Borrowash

Using local estate agency reported data, this chart illustrates the number of property sales agreed. Note that these figures are not fully reflective of properties completed (sold and registered as such at HM Land Registry).

No. of Properties with Price Reductions in Borrowash

Using local estate agency reported data, this chart illustrates the number of properties which have been seen their prices dropped (typically due to a lack of buyer interest).

Average Annual House Prices in the Borrowash since 1995

Using HM Land Registry data, this chart displays average annual house prices in the Borrowash area since 1995.

Recent Property Sales in Borrowash

AddressInitial PriceSold PricePrice ChangeFirst Listed DateSold DateDays to Sell
10 Priors Barn Close, Borrowash, Derby, Derbyshire, DE72 3GS£260,000£257,000-£3,00021 Sep 202331 Jan 2024132 Days
9 Washington Cottages, Borrowash, Derby, Derbyshire, DE72 3GJ£220,000£205,000-£15,00001 Jul 202315 Dec 2023167 Days
31 Cole Lane, Ockbrook, Derby, Derbyshire, DE72 3RD£495,000£485,000-£10,00020 Jun 202311 Dec 2023174 Days
1 Collumbell Avenue, Ockbrook, Derby, Derbyshire, DE72 3TF£265,000£260,000-£5,00022 Jul 202324 Nov 2023125 Days
8 Shacklecross Close, Borrowash, Derby, Derbyshire, DE72 3GX£410,000£402,500-£7,50001 Sep 202322 Nov 202382 Days
1 Pares Way, Ockbrook, Derby, Derbyshire, DE72 3TJ£405,000£400,000-£5,00003 May 202313 Nov 2023194 Days
34 Kimberley Road, Borrowash, Derby, Derbyshire, DE72 3GF£215,000£210,250-£4,75025 Apr 202313 Nov 2023202 Days
Denton, Bare Lane, Ockbrook, Derby, Derbyshire, DE72 3SN£300,000£290,000-£10,00025 Apr 202302 Nov 2023191 Days
62 The Ridings, Ockbrook, Derby, Derbyshire, DE72 3SF£385,000£365,000-£20,00024 Apr 202324 Oct 2023183 Days
22 Nottingham Road, Borrowash, Derby, Derbyshire, DE72 3FL£299,000£275,000-£24,00026 Jan 202223 Oct 2023635 Days
49 Mear Drive, Borrowash, Derby, Derbyshire, DE72 3QW£300,000£289,000-£11,00027 Jan 202318 Oct 2023264 Days
8 Dovecote Drive, Borrowash, Derby, Derbyshire, DE72 3LS£219,950£219,950£0010 Aug 202316 Oct 202367 Days
66 Pares Way, Ockbrook, Derby, Derbyshire, DE72 3TL£650,000£625,000-£25,00002 May 202306 Oct 2023157 Days
42 Conway Avenue, Borrowash, Derby, Derbyshire, DE72 3GT£210,000£200,000-£10,00019 Nov 202229 Sep 2023314 Days
17 Yew Tree Avenue, Ockbrook, Derby, Derbyshire, DE72 3TB£289,950£285,000-£4,95014 Oct 202219 Sep 2023340 Days
8 Ashbrook Avenue, Borrowash, Derby, Derbyshire, DE72 3JE£225,000£200,000-£25,00024 May 202318 Sep 2023117 Days
149 Nottingham Road, Borrowash, Derby, Derbyshire, DE72 3FP£115,000£110,000-£5,00016 Mar 202311 Sep 2023179 Days
3 Homefarm Close, Ockbrook, Derby, Derbyshire, DE72 3SQ£315,000£310,000-£5,00011 Apr 202329 Aug 2023140 Days
14 Orchard Close, Ockbrook, Derby, Derbyshire, DE72 3RQ£385,000£385,000£0017 Mar 202323 Aug 2023159 Days
37 Nottingham Road, Borrowash, Derby, Derbyshire, DE72 3FL£365,000£353,000-£12,00025 Mar 202323 Aug 2023151 Days

Most Expensive Streets in Borrowash

PostcodeStreetAreaAverageNo. of Sales
DE72 3FRNottingham RoadBorrowash£608,63611
DE72 3RDCole LaneOckbrook£483,7504
DE72 3RHBakehouse LaneOckbrook£469,0005
DE72 3GNCole LaneBorrowash£455,1905
DE72 3TLPares WayOckbrook£442,0006
DE72 3SFThe RidingsOckbrook£441,00015
DE72 3RLVictoria AvenueOckbrook£385,0444
DE72 3RNVictoria AvenueOckbrook£381,6663
DE72 3RQOrchard CloseOckbrook£374,8005
DE72 3YBWeavers CloseBorrowash£331,5003

Least Expensive Streets in Borrowash

PostcodeStreetAreaAverageNo. of Sales
DE72 3XFBrookview CourtNottingham Road£71,0005
DE72 3FPNottingham RoadBorrowash£132,2229
DE72 3GGDraycott RoadBorrowash£141,7857
DE72 3JLHermitage AvenueBorrowash£158,6374
DE72 3HPElm StreetBorrowash£161,05010
DE72 3HEVictoria AvenueBorrowash£166,76210
DE72 3JEAshbrook AvenueBorrowash£173,5717
DE72 3JFRutland AvenueBorrowash£179,1005
DE72 3HFVictoria AvenueBorrowash£180,3805
DE72 3GSPriors Barn CloseBorrowash£182,3336

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