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House Prices in DE73

The average house price in DE73 (Derby) is £242,083 using HM Land Registry data.

The average property price increased by £46,517 (18.18%) over the last 5 years and increased by £9,320 (2.9%) over the last 12 months.

Over the last year, there were 201 residential property sales – a decrease of 51 transactions (-25.37%) relative to the previous year. The majority of house sales (54) were in the £228,000 - £296,000 range. Then came properties in the £160,000 - £228,000 range, where 46 were sold within this price bracket.

Excluding fall throughs, properties are taking an average of 82 days to sell (from being listed to completion) and the average difference between asking and sold prices is £-6,652 (-2%).

In Oct 24, there were 44 new estate agency instructions, 35 agreed home sales and 18 property price reductions.

5-Year Average Property Prices in DE73 (Derby)

18.18%

Property prices in Derby increased by 18.18% 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 DE73 (Derby) Over the Last Year

2.9%

Property prices in Derby increased by 2.9% 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.

Property Market Heat Gauge for DE73 (Derby) - Oct 24

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 81 to 100 days, the broad evidence suggests a very slow moving market. This can often be due to estate agency over-valuations out of sync with the realities, a notable market slowdown or a combination of both. In such scenarios, vendors may either choose to wait for the market to pick up (which may result in relisting the property at a later date). Those committed to selling will often need to drop the price to a level that will entice genuine homebuyer 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 DE73 (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 DE73 (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 DE73 (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 DE73 (Derby) Postcode since 1995

Using HM Land Registry data, this chart displays average annual house prices in the DE73 postcode area since 1995.

Recent Sales in DE73 (Derby)

Address	Initial Price	Sold Price	Price Change	First Listed Date	Sold Date	Days to Sell
19 Twyford Road, Barrow On Trent, Derby, Derbyshire, DE73 7HA	£331,500	£320,000	-£11,500	26 Dec 2023	21 Aug 2024	239 Days
17 Ridgeway, Chellaston, Derby, City Of Derby, DE73 6UL	£220,000	£213,000	-£7,000	20 Sep 2023	09 Aug 2024	324 Days
1 Domain Drive, Chellaston, Derby, City Of Derby, DE73 5WU	£599,995	£599,995	£00	06 Nov 2023	09 Aug 2024	277 Days
14 Alma Street, Melbourne, Derby, Derbyshire, DE73 8GA	£180,000	£170,000	-£10,000	09 Sep 2023	02 Aug 2024	328 Days
42 Huntingdon Court, Melbourne, Derby, Derbyshire, DE73 8LZ	£260,000	£80,000	-£180,000	14 Feb 2023	25 Jul 2024	527 Days
135 Parkway, Chellaston, Derby, City Of Derby, DE73 5QB	£300,000	£298,000	-£2,000	31 Aug 2023	19 Jul 2024	323 Days
12 The Pingle, Melbourne, Derby, Derbyshire, DE73 8FB	£155,000	£155,000	£00	14 Mar 2024	19 Jul 2024	127 Days
32 Woodminton Drive, Chellaston, Derby, City Of Derby, DE73 6RZ	£290,000	£280,000	-£10,000	15 Mar 2024	17 Jul 2024	124 Days
1 Washington Close, Melbourne, Derby, Derbyshire, DE73 8EX	£340,000	£340,000	£00	15 Sep 2023	12 Jul 2024	301 Days
21 Commerce Street, Melbourne, Derby, Derbyshire, DE73 8FT	£150,000	£150,000	£00	05 Mar 2024	01 Jul 2024	118 Days
70a, The Woodlands, Melbourne, Derby, Derbyshire, DE73 8DQ	£230,000	£225,000	-£5,000	30 Jan 2024	25 Jun 2024	147 Days
22 Market Place, Melbourne, Derby, Derbyshire, DE73 8DS	£264,950	£261,771	-£3,179	18 Jan 2024	25 May 2024	128 Days
31 Blanch Croft, Melbourne, Derby, Derbyshire, DE73 8GG	£525,000	£504,000	-£21,000	26 Dec 2023	16 May 2024	142 Days
7 Victoria Street, Melbourne, Derby, Derbyshire, DE73 8FR	£285,000	£280,000	-£5,000	08 Mar 2024	07 May 2024	60 Days
75 Maple Drive, Chellaston, Derby, City Of Derby, DE73 6RX	£135,000	£135,000	£00	18 Jan 2024	01 May 2024	104 Days
17 Commerce Street, Melbourne, Derby, Derbyshire, DE73 8FT	£180,000	£175,000	-£5,000	07 Dec 2023	26 Apr 2024	141 Days
11 Pack Horse Road, Melbourne, Derby, Derbyshire, DE73 8EG	£485,000	£485,000	£00	01 Sep 2023	25 Apr 2024	237 Days
17 Acrefield Way, Chellaston, Derby, City Of Derby, DE73 6PN	£315,000	£292,500	-£22,500	04 Nov 2023	25 Apr 2024	173 Days
42 Glenwood Road, Chellaston, Derby, City Of Derby, DE73 6US	£210,000	£210,000	£00	16 Jan 2024	19 Apr 2024	94 Days
72 Main Street, Kings Newton, Derby, Derbyshire, DE73 8BX	£650,000	£615,000	-£35,000	20 Nov 2023	15 Apr 2024	147 Days

Most Expensive Streets in DE73 (Derby)

Postcode	Street	Area	Average	No. of Sales
DE73 7GQ	Lowes Lane, Swarkestone	Derby	£790,833	3
DE73 8JX	Pear Tree Mews, Breedon On The Hill	Derby	£668,666	3
DE73 8EQ	Penn Lane, Melbourne	Derby	£628,333	3
DE73 8AD	Main Street, Wilson	Derby	£596,666	3
DE73 8ES	Ashby Road, Melbourne	Derby	£584,333	9
DE73 8BQ	Station Road, Melbourne	Derby	£538,333	6
DE73 5BD	Sorchestun Lane, Chellaston	Derby	£535,833	3
DE73 8DB	Smith Avenue, Melbourne	Derby	£530,714	7
DE73 7JJ	Ashby Road, Ticknall	Derby	£509,812	8
DE73 8AF	Short Hill, Wilson	Derby	£495,362	4

Least Expensive Streets in DE73 (Derby)

Postcode	Street	Area	Average	No. of Sales
DE73 5QD	Stadmoor Court, Chellaston	Derby	£81,888	9
DE73 6RD	Maple Drive, Chellaston	Derby	£94,375	4
DE73 6XQ	Blithfield Gardens, Chellaston	Derby	£113,000	3
DE73 5XD	Rowallan Way, Chellaston	Derby	£117,700	3
DE73 6RY	Newbold Close, Chellaston	Derby	£143,000	3
DE73 5QL	Mill Moor Close, Chellaston	Derby	£144,000	4
DE73 5QQ	Small Meer Close, Chellaston	Derby	£147,250	4
DE73 7HR	Manor Court Flats, Church Lane	Derby	£147,750	4
DE73 5QG	Penhaligans Close, Chellaston	Derby	£154,166	3
DE73 6XL	Simcoe Leys, Chellaston	Derby	£157,450	11