# House prices in DE21 2 (Oakwood)

## 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 labels to change to a neighbouring 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. 25, Seagrave Close, Oakwood, sold for £177,000 on Mar-2024. Given the internal area of 55 square metres, the price per sqm is £3,218.

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 255 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

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 255 transactions, half were sold for between £2,910 and £3,510 per square metre. The median, or 'middle', price per square metre in 'DE21 2' is £3,170. Notably, only 25% of properties that sold recently were valued at more than £3,510 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.

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 5 Little Eaton £3,000 sqm £3,440 sqm £3,910 sqm
DE21 7 Spondon £2,380 sqm £2,740 sqm £3,100 sqm
DE21 4 Chaddesden £1,920 sqm £2,200 sqm £2,630 sqm
DE21 2 Oakwood £2,910 sqm £3,170 sqm £3,510 sqm
DE21 6 Chaddesden £1,920 sqm £2,280 sqm £2,670 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

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 £3,129 16
Seagrave Close, Oakwood, DE21 2H 59 sqm £3,088 14
Rymill Drive, Oakwood, DE21 2U 67 sqm £2,780 13
Alport Heights Drive, Oakwood, DE21 2A 100 sqm £2,646 11
Ramblers Drive, Oakwood, DE21 2X 63 sqm £2,759 10
Saffron Drive, Oakwood, DE21 2S 59 sqm £2,511 10
Meadowlark Grove, Oakwood, DE21 2T 53 sqm £2,815 10
Springwood Drive, Oakwood, DE21 2H 108 sqm £3,072 9

## 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.

25, Seagrave Close, Oakwood £177,000
Mar-2024
55 3,218
35, Dukeries Lane, Oakwood £210,000
Mar-2024
76 2,763
35, Burdock Close, Oakwood £103,000
Mar-2024
38 2,710