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Derby House Prices Derby House Prices

The average house price in Derby is £217,085 using HM Land Registry data.

The average property price increased by £44,603 (22.44%) over the last 5 years and increased by £8,914 (3.8%) over the last 12 months.

Over the last year, there were 2,404 residential property sales – a decrease of 1,327 transactions (-55.20%) relative to the previous year. The majority of house sales (583) were in the £170,000 - £220,000 range. Then came properties in the £120,000 - £170,000 range, where 565 were sold within this price bracket.

Excluding fall throughs, properties are taking an average of 67 days to sell (from being listed to completion) and the average difference between asking and sold prices is £-5,650 (-1%).

In April 2024, there were 500 new estate agency instructions, 353 agreed home sales and 199 property price reductions.

Neighbouring Areas: Borrowash

Postcodes Covered: DE1, DE21, DE22, DE23, DE24, DE3, DE72, DE73

5-Year Average Property Prices in Derby

22.44%

Property prices in Derby increased by 22.44% 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 Derby Over the Last Year

3.8%

Property prices in Derby increased by 3.8% 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 Derby - 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 Derby

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 Derby

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 Derby

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 Derby since 1995

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

Recent Property Sales in Derby

AddressInitial PriceSold PricePrice ChangeFirst Listed DateSold DateDays to Sell
42 Howard Street, Derby, City Of Derby, DE23 6TX£159,950£100,000-£59,95009 Nov 201320 Mar 20243784 Days
25 Seagrave Close, Oakwood, Derby, City Of Derby, DE21 2HZ£180,000£177,000-£3,00014 Dec 202319 Mar 202496 Days
61 Moray Walk, Derby, City Of Derby, DE21 6BR£169,950£148,000-£21,95007 Sep 202316 Mar 2024191 Days
45 Huntley Avenue, Spondon, Derby, City Of Derby, DE21 7DW£215,000£210,000-£5,00030 Sep 202314 Mar 2024166 Days
66 Lewis Street, Derby, City Of Derby, DE23 8BY£135,000£135,000£0014 Aug 202314 Mar 2024213 Days
28 Croft Close, Spondon, Derby, City Of Derby, DE21 7EF£150,000£150,000£0017 Oct 202313 Mar 2024148 Days
8 Truro Crescent, Chaddesden, Derby, City Of Derby, DE21 4LL£90,000£90,000£0019 Feb 202413 Mar 202423 Days
35 Dukeries Lane, Oakwood, Derby, City Of Derby, DE21 2HA£215,000£210,000-£5,00019 Aug 202308 Mar 2024202 Days
3 St Katherines Court, Derby, City Of Derby, DE22 3AY£270,000£247,000-£23,00012 Oct 202308 Mar 2024148 Days
8 Thurlow Court, Oakwood, Derby, City Of Derby, DE21 2SR£165,000£165,000£0026 Sep 202304 Mar 2024160 Days
138 Wood Road, Chaddesden, Derby, City Of Derby, DE21 4PG£160,000£160,000£0005 Oct 202301 Mar 2024148 Days
10 Bakewell Close, Mickleover, Derby, City Of Derby, DE3 9JS£260,000£260,000£0005 Jan 202401 Mar 202456 Days
93 Jackson Avenue, Mickleover, Derby, City Of Derby, DE3 9AU£290,000£278,000-£12,00023 Oct 202301 Mar 2024130 Days
80 Borrowfield Road, Spondon, Derby, City Of Derby, DE21 7HE£250,000£245,000-£5,00012 Jun 202329 Feb 2024262 Days
31 Maple Drive, Chellaston, Derby, City Of Derby, DE73 6RD£90,000£85,000-£5,00003 Nov 202329 Feb 2024118 Days
4 Ivyleaf Way, Littleover, Derby, City Of Derby, DE23 3UT£280,000£280,000£0004 Oct 202328 Feb 2024147 Days
12 Grafham Close, Chellaston, Derby, City Of Derby, DE73 6XJ£350,000£330,000-£20,00026 Jul 202326 Feb 2024215 Days
21 Margreave Road, Chaddesden, Derby, City Of Derby, DE21 6JD£280,000£277,500-£2,50027 Sep 202323 Feb 2024149 Days
38 Gairloch Close, Stenson Fields, Derby, Derbyshire, DE24 3AH£284,995£275,000-£9,99513 Jun 202323 Feb 2024255 Days
85 Shardlow Road, Alvaston, Derby, City Of Derby, DE24 0JP£290,000£285,000-£5,00014 Jul 202320 Feb 2024221 Days

Most Expensive Streets in Derby

PostcodeStreetAreaAverageNo. of Sales
DE23 4EEKeats AvenueLittleover£882,5004
DE22 2FPKings CroftAllestree£860,6147
DE22 2EDCurbar CloseDerby£751,2374
DE22 1EXChurch LaneDarley Abbey£741,6663
DE22 1ESDuffield RoadDerby£740,75010
DE21 7FESitwell StreetSpondon£715,3333
DE23 6NTOak DriveLittleover£684,9905
DE22 2NJPoppyfields MeadowAllestree£665,8163
DE23 4DEFortis WayLittleover£665,0004
DE23 4EBChain LaneLittleover£632,6005

Least Expensive Streets in Derby

PostcodeStreetAreaAverageNo. of Sales
DE24 8YRBrindley CourtWilkins Drive£35,67814
DE22 2UZLambourn CourtLambourn Drive£47,4868
DE1 3NXEaton CourtLeaper Street, Derby£50,6119
DE22 1GRQueens CourtDerby£55,0004
DE1 3BTRivermead HouseBath Street, Derby£61,1663
DE23 6LHWarwick AvenueDerby£62,16612
DE22 2QEKedleston CourtNorbury Close£63,5004
DE1 2HLSwinburne StreetDerby£63,9005
DE23 2NRBlair HouseBlagreaves Avenue£65,5003
DE23 6TFEmpress RoadDerby£66,0003

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