Feb 07, 2023 by HM

House prices in Tutbury (DE13 9)

This article reveals price per square metre data and various charts to help you understand current housing market in Tutbury (DE13 9).

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Price per square metre

Knowing the average house price in Tutbury 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. 46, Portway Drive, Tutbury, Stretton, sold for £374,000 on Sep-2023. Given the internal area of 79 square metres, the price per sqm is £4,734.

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. £3,350-£3,500, £3,500-£3,650, £3,650-£3,800 etc...) we then count the number of sales with within in each bucket and plot the results. The chart is based on 236 sales in Tutbury (DE13 9) 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 Tutbury (DE13 9). Of the 236 transactions, half were sold for between £2,480 and £3,270 per square metre. Notably, only 25% of properties that sold recently were valued at more than £3,270m². 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 'DE13 9' is £2,940. The table below shows how 'DE13 9' compares to neighbouring postcode sectors.

Postcode sector	Lower quartile	Middle quartile	Upper quartile
DE13 0 Stretton	£1,950m2	£2,510m2	£2,970m2
DE13 7 Alrewas	£3,030m2	£3,760m2	£4,450m2
DE13 9 Tutbury	£2,480m2	£2,940m2	£3,270m2
DE13 8 Barton Under Needwood	£3,040m2	£3,500m2	£4,060m2

Will Tutbury 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 DE13 9 (Tutbury). 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 DE13 9 and the blue dots are the individual property sales that inform this trend.

Disclaimer: The data provided throughout this website about Tutbury 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 Tutbury data or any other data I am given.

Price map for Tutbury

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 Tutbury. 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 Tutbury

Street level data

Street	Avg size	Avg £/m2	Recent sales
Forest Road, Tutbury, DE13 9T	82m2	£1,926	26
Station Road, Tutbury, DE13 9A	127m2	£2,884	24
Henhurst Ridge, Tutbury, DE13 9T	80m2	£2,785	17
Henhurst Hill, Tutbury, DE13 9S	112m2	£2,565	16
The Lawns, Tutbury, DE13 9D	86m2	£2,997	16
Hall Road, Tutbury, DE13 9B	83m2	£2,935	15
Postern Road, Tutbury, DE13 9S	131m2	£3,105	15
Hopley Road, Tutbury, DE13 9P	89m2	£2,901	15

Search for your street here.

New build activity

Street	Avg size	Avg £/m2	New build sales
Rook Drive, Tutbury, DE13 9F	115m2	£2,344	20
Primrose Drive, Tutbury, DE13 9L	114m2	£2,604	12
Rook Avenue, Tutbury, DE13 9F	129m2	£2,349	15
Bishop Place, Tutbury, DE13 9E	101m2	£2,508	10

Rook Drive, Tutbury, DE13 9F has seen 20 new build sales in the last 4 years (average price £304,381). These new build homes typically have an internal area of 115 m2, with an average price of £2,344 m2. This £sqm average is £-596 below the average for DE13 9. New builds typically command a £ per sqm premium. In the case of Rook Drive the premium seems not to exist. Without more info we can only speculate why this may be. Perhaps it may be greater density and smaller gardens, but this is just a guess.

Raw data

Our analysis of Tutbury 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
46, Portway Drive, Tutbury, Stretton	£374,000 Sep-2023	79	4,734
19, Ealand St, Tutbury, Stretton	£239,995 Sep-2023	62	3,870
3, Lodge Hill, Tutbury, Stretton	£575,000 Aug-2023	186	3,091

See the entire list of all sales in Tutbury (DE13 9) here.