# House prices in DE21 7 (Spondon)

This article reveals price per square metre data and various charts to help you understand current housing market in Spondon, Oakwood (DE21 7).

## Defining 'DE21 7'

This analysis is limited to properties whose postcode starts with "DE21 7", 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 Spondon.

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 Spondon 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. 45, Huntley Avenue, Spondon, Oakwood, sold for £210,000 on Mar-2024. Given the internal area of 68 square metres, the price per sqm is £3,088.

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. £2,800-£3,000, £3,000-£3,200, £3,200-£3,400 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 Spondon (DE21 7) that took place in the last two years.

##### Distribution of £ per sqm for Spondon, Oakwood
Distribution of £ per sqm house prices in Spondon

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 Spondon (DE21 7). Of the 242 transactions, half were sold for between £2,380 and £3,100 per square metre. The median, or 'middle', price per square metre in 'DE21 7' is £2,740. Notably, only 25% of properties that sold recently were valued at more than £3,100 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 Spondon, 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 Spondon, Oakwood

## Comparison with neighbouring postcode sectors

The table below shows how 'DE21 7' 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 7 (Spondon) 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 Spondon,Oakwood
House price trends for Spondon

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 7 sales
Recent trends for Spondon

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
Dale Road, Spondon, DE21 7D 102 sqm £2,791 20
Locko Road, Spondon, DE21 7A 129 sqm £2,846 18
Borrowfield Road, Spondon, DE21 7H 76 sqm £2,354 15
Huntley Avenue, Spondon, DE21 7D 80 sqm £2,973 14
Chapel Lane, Spondon, DE21 7J 77 sqm £2,614 14
Sandringham Drive, Spondon, DE21 7Q 80 sqm £2,667 13
Royal Hill Road, Spondon, DE21 7A 101 sqm £2,614 12
Chesterton Road, Spondon, DE21 7E 87 sqm £2,796 12

## Raw data

Our analysis of Spondon 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.