House prices in DE21 2 (Oakwood)

This article reveals price per square metre data and various charts to help you understand current housing market in 'DE21 2' (Oakwood) - statistics were last calculated on 04 October 2024.


Defining 'DE21 2'

This analysis is limited to properties whose postcode starts with "DE21 2", this is also called the postcode sector. It is shown in red on the map above. There are no official names for postcode sectors so I've just labelled it Oakwood.

You can click on the map to change sector, or you can enter a different postcode sector (e.g. CM23 4) below.

FYI, a postcode sector is the full postcode without the last two letters.

Price per square metre

Knowing the average house price in Oakwood 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. 16, Buckminster Close, Oakwood, sold for £355,000 on Jul-2024. Given the internal area of 118 square metres, the price per sqm is £3,008.

England & Wales have been officially metric since 1965. However house price per square foot is prefered by some estate agents and those of sufficiently advanced age ;-) They may want to convert square meters 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 242 sales in Oakwood (DE21 2) that took place in the last two years.

Distribution of £ per sqm for Oakwood
Distribution of £ per sqm house prices in Oakwood

Generate a custom chart like the one above but based on your own criteria.

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.

The spread of prices will give you a feel of the typical range to expect in Oakwood (DE21 2). Of the 242 transactions, half were sold for between £2,910 and £3,550 per square metre. The median, or 'middle', price per square metre in 'DE21 2' is £3,210. Notably, only 25% of properties that sold recently were valued at more than £3,550 sqm. For anything to be valued more than this means it has to be more desireable than the clear majority of homes.

Price map for Oakwood

Do have a look at the interactive price map I created. I find it useful and I am sure it will help you in exploring Oakwood. 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.

Property price heatmap for Oakwood
House price heatmap for Oakwood

Comparison with neighbouring postcode sectors

The table below shows how 'DE21 2' compares to neighbouring postcode sectors.

Postcode sector Lower quartile Middle quartile Upper quartile
DE21 4 Chaddesden £2,010 sqm £2,250 sqm £2,790 sqm
DE21 5 Little Eaton £3,130 sqm £3,460 sqm £3,900 sqm
DE21 7 Spondon £2,410 sqm £2,770 sqm £3,110 sqm
DE21 2 Oakwood £2,910 sqm £3,210 sqm £3,550 sqm
DE21 6 Chaddesden £1,950 sqm £2,300 sqm £2,780 sqm

Will Oakwood 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 chart below for DE21 2 (Oakwood) compared with both the wider area DE21 and inflation (CPIH from the Office of National Statistics). The dashed trend lines in the chart show the average over time.

Historic price per square metre in Oakwood,Oakwood
House price trends for Oakwood

Download time series data as CSV (paying users only).

For the most recent sales activity, rather than a summarized average, it is better to see the underlying data. This is shown in the chart below, where blue dots represent individual sales, click on them to see details. If there is an obvious trend you should be able to spot it here amid the noise from outliers.

Most recent DE21 2 sales
Recent trends for Oakwood

Data from Land Registry comes in gradually over time. I update it every month but it takes about 5 months for the majority of sales for Oakwood to be recorded. Disclaimer: I do not verify and cannot guarantee the accuracy of any data shown. Outliers exist in the data, typically these are where the EPC registry records the internal area incorrectly, sometimes although very rarely the Land Registry price paid data can be wrong. The data provided throughout this website about Oakwood 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.

Street level data

Street Avg size Avg £sqm Recent sales
Smalley Drive, Oakwood, DE21 2S 78 sqm £3,211 15
Seagrave Close, Oakwood, DE21 2H 58 sqm £3,228 14
Rymill Drive, Oakwood, DE21 2U 67 sqm £2,755 14
Ramblers Drive, Oakwood, DE21 2X 62 sqm £2,942 10
Amesbury Lane, Oakwood, DE21 2L 70 sqm £3,035 10
Meadowlark Grove, Oakwood, DE21 2T 53 sqm £2,823 10
Danebridge Crescent, Oakwood, DE21 2H 61 sqm £2,890 10
Saffron Drive, Oakwood, DE21 2S 59 sqm £2,536 9

Search for your street here.

Raw data

Our analysis of Oakwood 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 sqm £/sqm
16, Buckminster Close, Oakwood £355,000
Jul-2024
118 3,008
7, Sandbach Close, Oakwood £235,000
Jul-2024
74 3,175
54, Seagrave Close, Oakwood £192,000
Jul-2024
52 3,692

See the entire list of all sales in Oakwood (DE21 2) here.

About

I created HouseMetric because I wanted to see this data and analysis myself, I also wanted to teach myself to build a website. Please give me feedback or spread the word about it. I'm constantly tinkering and adding more stuff to it.