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New Mills House Prices New Mills House Prices

The average house price in New Mills is £178,333 using HM Land Registry data.

The average property price increased by £89,555 (46.82%) over the last 5 years and increased by £17,898 (6.81%) over the last 12 months.

Over the last year, there were 98 residential property sales – a decrease of 51 transactions (-52.04%) relative to the previous year. The majority of house sales (30) were in the £160,000 - £218,000 range. Then came properties in the £218,000 - £276,000 range, where 23 were sold within this price bracket.

Excluding fall throughs, properties are taking an average of 49 days to sell (from being listed to completion) and the average difference between asking and sold prices is £-13,188 (-2%).

In April 2024, there were 26 new estate agency instructions, 11 agreed home sales and 13 property price reductions.

Neighbouring Areas: Disley

Postcodes Covered: SK12, SK22

5-Year Average Property Prices in New Mills

46.82%

Property prices in New Mills increased by 46.82% 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 New Mills Over the Last Year

6.81%

Property prices in New Mills increased by 6.81% 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 New Mills - 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 41 to 60 days, the broad evidence suggests that the market is reasonably slow moving. Although some sellers in your postcode may be willing to wait up to 9 weeks, this data would suggest that estate agents may be overvaluing properties. In such scenarios, some vendors may either choose to wait for the market to pick up (which may result in 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 New Mills

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 New Mills

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 New Mills

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 New Mills since 1995

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

Recent Property Sales in New Mills

AddressInitial PriceSold PricePrice ChangeFirst Listed DateSold DateDays to Sell
44 Wirksmoor Road, New Mills, High Peak, Derbyshire, SK22 3HW£205,000£195,000-£10,00001 Sep 202319 Jan 2024140 Days
18 Jubilee Street, New Mills, High Peak, Derbyshire, SK22 4NX£240,000£237,000-£3,00011 Jul 202317 Jan 2024190 Days
14 Market Street, New Mills, High Peak, Derbyshire, SK22 4AE£150,000£150,000£0021 Aug 202320 Dec 2023121 Days
48 Laneside Road, New Mills, High Peak, Derbyshire, SK22 4LX£199,950£190,000-£9,95012 Sep 202313 Dec 202392 Days
Apartment 11, Hyde Bank Mill, Hyde Bank Road, New Mills, High Peak, Derbyshire, SK22 4PU£174,995£170,000-£4,99513 Jun 202329 Nov 2023169 Days
5 The Risings, New Mills, High Peak, Derbyshire, SK22 3DJ£475,000£440,000-£35,00023 May 202327 Nov 2023188 Days
57 Hayfield Road, New Mills, High Peak, Derbyshire, SK22 4JB£235,000£215,000-£20,00003 Jun 202314 Nov 2023164 Days
108 Albion Road, New Mills, High Peak, Derbyshire, SK22 3EY£200,000£175,000-£25,00020 Jul 202303 Nov 2023106 Days
37 Peveril Gardens, Newtown, Stockport, Cheshire East, SK12 2RG£275,000£275,000£0002 Aug 202303 Nov 202393 Days
80 Buxton Road, New Mills, High Peak, Derbyshire, SK22 3JT£180,000£175,000-£5,00024 Jul 202327 Oct 202395 Days
7 Midland Terrace, New Mills, High Peak, Derbyshire, SK22 4NL£240,000£224,500-£15,50031 Jul 202317 Oct 202378 Days
2 Old Smithy Road, New Mills, High Peak, Derbyshire, SK22 3EH£465,000£450,000-£15,00027 Jan 202313 Oct 2023259 Days
18 Highfield Terrace, New Mills, High Peak, Derbyshire, SK22 4LP£200,000£195,000-£5,00009 Aug 202202 Oct 2023419 Days
5 Springbank Gardens, New Mills, High Peak, Derbyshire, SK22 4BJ£429,950£400,000-£29,95028 Feb 202329 Sep 2023213 Days
4 Hyde Bank Road, New Mills, High Peak, Derbyshire, SK22 4BW£240,000£238,000-£2,00019 Apr 202322 Sep 2023156 Days
Coromandel, Ollersett Lane, New Mills, High Peak, Derbyshire, SK22 4JE£475,000£470,000-£5,00019 May 202314 Sep 2023118 Days
2 Sett Close, New Mills, High Peak, Derbyshire, SK22 4AQ£265,000£265,000£0026 May 202301 Sep 202398 Days
24 Peveril Gardens, Newtown, Stockport, Cheshire East, SK12 2RG£145,000£145,000£0028 Sep 202230 Aug 2023336 Days
37 Parkland Avenue, New Mills, High Peak, Derbyshire, SK22 4DT£320,000£320,000£0027 Mar 202310 Aug 2023136 Days
65 Jubilee Street, New Mills, High Peak, Derbyshire, SK22 4PA£245,000£245,000£0014 Apr 202307 Aug 2023115 Days

Most Expensive Streets in New Mills

PostcodeStreetAreaAverageNo. of Sales
SK22 3JXWoodbourne RoadNew Mills£553,3333
SK22 4LULaneside RoadNew Mills£503,3336
SK22 3APLower HagueNew Mills£449,1666
SK22 3DTHigh Lea RoadNew Mills£445,3754
SK22 3DBThe CrescentNew Mills£421,6836
SK22 4BHSpring BankNew Mills£417,1663
SK22 4BJSpringbank GardensNew Mills£415,0003
SK22 4JEOllersett LaneNew Mills£403,3333
SK22 3BUGodward RoadNew Mills£375,8916
SK22 3JSBuxton RoadNew Mills£370,5005

Least Expensive Streets in New Mills

PostcodeStreetAreaAverageNo. of Sales
SK22 4AAMarket StreetNew Mills£105,6663
SK22 4BSFoundry CourtTorr Top Street, New Mills£109,0003
SK22 3JBStation RoadNew Mills£124,9754
SK22 4BADyehouse LaneNew Mills£129,1663
SK22 4NBNew Park CourtNew Mills£131,2147
SK22 4GAOllersett DriveNew Mills£132,5003
SK22 3JQThe Old Wesleyan SchoolChapel Street, New Mills£139,8333
SK22 3JJHibbert StreetNew Mills£148,1254
SK22 4BWHyde Bank RoadNew Mills£151,5004
SK22 4ALHigh StreetNew Mills£154,1254

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