Feb 07, 2023 by HM

House prices in Derby (DE1 3)

This article reveals price per square metre data and various charts to help you understand current housing market in Derby (DE1 3).

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Price per square metre

Knowing the average house price in Derby is not much use. However, knowing average price per square metre can be quite useful. Price per sqm allows some comparison between properties of different size. We define price per square metre as the sold price divided by the internal area of a property:

£ per sqm = price ÷ internal area

E.g. 17, William Street, Derby, sold for £99,950 on Sep-2023. Given the internal area of 64 square metres, the price per sqm is £1,561.

England & Wales have been officially metric for many decades. However house price per square foot is sometimes prefered by those of sufficiently advanced age. They may want to convert metres on this page to square feet.

The chart below is called a histogram, it helps you see the distribution of this house price per sqm data. To make this chart we put the sales data into a series of £ per sqm 'buckets' (e.g. £2,350-£2,500, £2,500-£2,650, £2,650-£2,800 etc...) we then count the number of sales with within in each bucket and plot the results. The chart is based on 175 sales in Derby (DE1 3) that took place in the last two years.

You can see the spread of prices above. This is because although internal area is a key factor in determining valuation, it is not the only factor. Many factors other than size affect desirability; these factors could be condition, aspect, garden size, negotiating power of the vendor etc.

That said, the spread of prices will give you a feel of the typical range to expect in Derby (DE1 3). Of the 175 transactions, half were sold for between £1,870 and £2,520 per square metre. Notably, only 25% of properties that sold recently were valued at more than £2,520m². For anything to be valued more than this means it has to be more desireable than the clear majority of homes.

For the average, we calculate the 'median' or middle price. The median price per square metre in 'DE1 3' is £2,190. The table below shows how 'DE1 3' compares to neighbouring postcode sectors.

Postcode sector	Lower quartile	Middle quartile	Upper quartile
DE1 3 Derby	£1,870m2	£2,190m2	£2,520m2
DE1 2 Derby	£1,650m2	£2,240m2	£2,810m2
DE1 1 Derby	£1,490m2	£1,780m2	£2,110m2

Will Derby house prices drop in 2024?

I cannot tell the future and don't believe anyone who says they can. I can however plot price trends - I have done this in the scatter plot below for DE1 3 (Derby). From this one could infer a range of reasonable possible future price falls or rises. In the chart below, the red dashed line is the house price trend for DE1 3 and the blue dots are the individual property sales that inform this trend.

Disclaimer: The data provided throughout this website about Derby and any other area, is not financial advice. Any information provided does not and cannot ever take in to account the particular financial situation, objectives or property needs of either you or anyone reading this information. Furthermore, I cannot guarantee the accuracy of any data shown. This information is based on sold prices and internal area data provided by Land Registry and other third parties - I do not verify the accuracy of the Derby data or any other data I am given.

Price map for Derby

I've just finished coding the map I link to below. I find it useful and I am sure it will help you in exploring Derby. You can zoom in all the way to individual properties and then all the way back out to see the whole country. The colours show the current estimated property values. I will explain more about the methodology and create a key next week.

House price heatmap for Derby

Street level data

Street	Avg size	Avg £/m2	Recent sales
Arthur Street, Derby, DE1 3E	105m2	£2,318	21
Lodge Lane, Derby, DE1 3H	70m2	£2,187	16
Otter Street, Derby, DE1 3F	124m2	£2,296	14
City Road, Derby, DE1 3R	80m2	£1,894	14
Mansfield Road, Derby, DE1 3R	95m2	£1,827	14
Leaper Street, Derby, DE1 3N	79m2	£1,110	13
Chester Green Road, Derby, DE1 3S	99m2	£2,271	13
Brookbridge Court, Derby, DE1 3L	69m2	£2,061	11

Search for your street here.

Raw data

Our analysis of Derby is derived from what is essentially a big table of sold prices from Land Registry with added property size information. Below are three rows from this table to give you an idea.

Address	Paid	m2	£/m2
17, William St, Derby	£99,950 Sep-2023	64	1,561
49, Arthur St, Derby	£290,000 Aug-2023	92	3,152
17 Weavers Point, Lodge Lane, Derby	£178,000 Aug-2023	73	2,438

See the entire list of all sales in Derby (DE1 3) here.