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Somercotes and Swanwick House Prices Somercotes and Swanwick House Prices

The average house price in Somercotes and Swanwick is £201,642 using HM Land Registry data.

The average property price increased by £48,310 (30.03%) over the last 5 years and increased by £9,656 (4.84%) over the last 12 months.

Over the last year, there were 138 residential property sales – a decrease of 105 transactions (-76.09%) relative to the previous year. The majority of house sales (31) were in the £150,000 - £190,000 range. Then came properties in the £110,000 - £150,000 range, where 30 were sold within this price bracket.

Excluding fall throughs, properties are taking an average of 51 days to sell (from being listed to completion) and the average difference between asking and sold prices is £-5,135 (-2%).

In April 2024, there were 37 new estate agency instructions, 31 agreed home sales and 12 property price reductions.

Neighbouring Areas: South Normanton and Pinxton, Alfreton

Postcodes Covered: DE55

5-Year Average Property Prices in Somercotes and Swanwick

30.03%

Property prices in Somercotes and Swanwick increased by 30.03% 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 Somercotes and Swanwick Over the Last Year

4.84%

Property prices in Somercotes and Swanwick increased by 4.84% 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 Somercotes and Swanwick - 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 Somercotes and Swanwick

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 Somercotes and Swanwick

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 Somercotes and Swanwick

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 Somercotes and Swanwick since 1995

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

Recent Property Sales in Somercotes and Swanwick

AddressInitial PriceSold PricePrice ChangeFirst Listed DateSold DateDays to Sell
8 Queen Street, Somercotes, Alfreton, Derbyshire, DE55 4NB£120,000£110,000-£10,00006 Jul 202304 Mar 2024242 Days
3 Bramley Street, Somercotes, Alfreton, Derbyshire, DE55 4NR£110,000£110,000£0012 Sep 202323 Feb 2024164 Days
67b, Crays Hill, Swanwick, Alfreton, Derbyshire, DE55 1AS£310,000£305,000-£5,00028 Sep 202323 Feb 2024148 Days
14 Sleetmoor Lane, Somercotes, Alfreton, Derbyshire, DE55 1RB£120,000£108,000-£12,00006 Oct 202320 Feb 2024137 Days
15 Magnolia Way, Swanwick, Alfreton, Derbyshire, DE55 1RY£199,995£197,000-£2,99514 Sep 202316 Feb 2024155 Days
291 Somercotes Hill, Somercotes, Alfreton, Derbyshire, DE55 4HX£200,000£190,000-£10,00016 Aug 202319 Jan 2024156 Days
4 St Andrews Close, Swanwick, Alfreton, Derbyshire, DE55 1AR£275,000£260,000-£15,00025 May 202304 Jan 2024224 Days
3 Lavender Road, Swanwick, Alfreton, Derbyshire, DE55 1RR£226,950£222,500-£4,45026 Sep 202318 Dec 202383 Days
145 Nottingham Road, Somercotes, Alfreton, Derbyshire, DE55 4JH£120,000£115,000-£5,00023 Aug 202308 Dec 2023107 Days
49 High Street, Riddings, Alfreton, Derbyshire, DE55 4BJ£220,000£200,000-£20,00031 Jul 202308 Dec 2023130 Days
200 Derby Road, Swanwick, Alfreton, Derbyshire, DE55 1AD£284,950£276,000-£8,95008 Aug 202306 Dec 2023120 Days
8 Moulton Close, Swanwick, Alfreton, Derbyshire, DE55 1ES£330,000£320,000-£10,00003 Aug 202306 Dec 2023125 Days
240 Somercotes Hill, Somercotes, Alfreton, Derbyshire, DE55 4JS£134,950£115,000-£19,95018 Apr 202328 Nov 2023224 Days
4 Birchwood Lane, Somercotes, Alfreton, Derbyshire, DE55 4LZ£200,000£192,000-£8,00009 Sep 202223 Nov 2023440 Days
7 Windmill Rise, Somercotes, Alfreton, Derbyshire, DE55 4LF£140,000£132,500-£7,50007 Aug 202317 Nov 2023102 Days
21 Douglas Road, Somercotes, Alfreton, Derbyshire, DE55 4LJ£140,000£140,000£0004 Jul 202316 Nov 2023135 Days
35 Derby Road, Swanwick, Alfreton, Derbyshire, DE55 1AB£175,000£175,000£0004 Jul 202314 Nov 2023133 Days
12 Cromwell Drive, Swanwick, Alfreton, Derbyshire, DE55 1DB£200,000£185,000-£15,00028 Apr 202310 Nov 2023196 Days
4 Bolton Street, Swanwick, Alfreton, Derbyshire, DE55 1BU£220,000£215,000-£5,00011 Jan 202310 Nov 2023303 Days
167 Birchwood Lane, Somercotes, Alfreton, Derbyshire, DE55 4NF£260,000£260,000£0007 Nov 202201 Nov 2023359 Days

Most Expensive Streets in Somercotes and Swanwick

PostcodeStreetAreaAverageNo. of Sales
DE55 1SJTaylor WaySwanwick£410,93624
DE55 1DDLark HillSwanwick£366,2857
DE55 1RHSleetmoor LaneSwanwick£351,7506
DE55 4BDPeveril CloseRiddings£351,6663
DE55 1AGHickton RoadSwanwick£345,4005
DE55 1EULarkfields CrescentSwanwick£341,2374
DE55 1PQBlenheim AvenueSwanwick£322,6663
DE55 1EXHarewood AvenueSwanwick£315,8333
DE55 1ARThe DelvesSwanwick£290,96113
DE55 4ERNewlands RoadRiddings£289,5003

Least Expensive Streets in Somercotes and Swanwick

PostcodeStreetAreaAverageNo. of Sales
DE55 4BEAlfred StreetRiddings£80,4163
DE55 4HDHigh StreetSomercotes£85,5004
DE55 4JGNottingham RoadSomercotes£89,7147
DE55 4JHNottingham RoadSomercotes£93,0839
DE55 4NBQueen StreetSomercotes£100,0003
DE55 4LLRiber AvenueSomercotes£103,4005
DE55 4ASGreenhill LaneRiddings£103,8333
DE55 4HBLeabrooks RoadSomercotes£105,80014
DE55 4HTMarket PlaceSomercotes£107,1663
DE55 4AYGreenhill LaneRiddings£109,69214

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