House prices in DE21 4 (Chaddesden)

This article reveals price per square metre data and various charts to help you understand current housing market in 'DE21 4' (Chaddesden, Oakwood) - statistics were last calculated on 30 June 2024.

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Defining 'DE21 4'

This analysis is limited to properties whose postcode starts with "DE21 4", 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 Chaddesden.

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.

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

Price per square metre

Knowing the average house price in Chaddesden 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. 70, Morley Road, Chaddesden, Oakwood, sold for £285,000 on May-2024. Given the internal area of 70 square metres, the price per sqm is £4,071.

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. £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 261 sales in Chaddesden (DE21 4) 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.

The spread of prices will give you a feel of the typical range to expect in Chaddesden (DE21 4). Of the 261 transactions, half were sold for between £1,960 and £2,670 per square metre. The median, or 'middle', price per square metre in 'DE21 4' is £2,210. Notably, only 25% of properties that sold recently were valued at more than £2,670 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 Chaddesden, 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 Chaddesden, Oakwood

Comparison with neighbouring postcode sectors

The table below shows how 'DE21 4' compares to neighbouring postcode sectors.

Postcode sector	Lower quartile	Middle quartile	Upper quartile
DE21 2 Oakwood	£2,890 sqm	£3,180 sqm	£3,520 sqm
DE21 5 Little Eaton	£3,070 sqm	£3,460 sqm	£3,900 sqm
DE21 7 Spondon	£2,360 sqm	£2,720 sqm	£3,100 sqm
DE21 4 Chaddesden	£1,960 sqm	£2,210 sqm	£2,670 sqm
DE21 6 Chaddesden	£1,920 sqm	£2,270 sqm	£2,680 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 4 (Chaddesden) 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.

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.

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
Magnus Court, Chaddesden, DE21 4T	62 sqm	£1,978	26
St Andrews View, Chaddesden, DE21 4E	72 sqm	£1,924	19
Morley Road, Chaddesden, DE21 4Q	108 sqm	£2,891	18
Grantham Avenue, Chaddesden, DE21 4F	79 sqm	£1,831	17
Max Road, Chaddesden, DE21 4G	82 sqm	£2,314	17
Buxton Road, Chaddesden, DE21 4J	82 sqm	£2,027	16
Max Road, Chaddesden, DE21 4H	90 sqm	£2,014	16
Wood Road, Chaddesden, DE21 4P	82 sqm	£1,742	15

Search for your street here.

New build activity

Street	Avg size	Avg £sqm	New build sales
Stuble Drive, Chaddesden, DE21 4T	75 sqm	£1,483	17
Coneygrey Close, Chaddesden, DE21 4U	74 sqm	£1,810	14
Hungerhill Close, Chaddesden, DE21 4U	88 sqm	£2,641	12

Stuble Drive, Chaddesden, DE21 4T has seen 17 new build sales in the last 4 years (average price £158,466). These new build homes typically have an internal area of 75 sqm, with an average price of £1,483 sqm. This £sqm average is £-727 below the average for DE21 4. New builds typically command a £ per sqm premium. In the case of Stuble 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 Chaddesden 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
70, Morley Rd, Chaddesden, Oakwood	£285,000 May-2024	70	4,071
18, Attlebridge Close, Chaddesden, Oakwood	£238,000 May-2024	83	2,867
21, Dale Acre Way, Chaddesden, Oakwood	£375,000 Apr-2024	112	3,348

See the entire list of all sales in Chaddesden (DE21 4) here.