# House prices in DE22 3 (Derby)

## Defining 'DE22 3'

This analysis is limited to properties whose postcode starts with "DE22 3", 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 Derby.

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 Derby 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. 40, Howe Street, Derby, sold for £130,050 on Mar-2024. Given the internal area of 90 square metres, the price per sqm is £1,445.

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. £1,900-£2,000, £2,000-£2,100, £2,100-£2,200 etc...) we then count the number of sales with within in each bucket and plot the results. The chart is based on 456 sales in Derby (DE22 3) that took place in the last two years.

##### Distribution of £ per sqm for Derby
Distribution of £ per sqm house prices in Derby

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 Derby (DE22 3). Of the 456 transactions, half were sold for between £1,570 and £2,200 per square metre. The median, or 'middle', price per square metre in 'DE22 3' is £1,870. Notably, only 25% of properties that sold recently were valued at more than £2,200 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 Derby

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 Derby. 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 Derby

## Comparison with neighbouring postcode sectors

The table below shows how 'DE22 3' compares to neighbouring postcode sectors.

Postcode sector Lower quartile Middle quartile Upper quartile
DE22 5 Quarndon £3,760 sqm £4,310 sqm £4,600 sqm
DE22 3 Derby £1,570 sqm £1,870 sqm £2,200 sqm
DE22 2 Allestree £2,930 sqm £3,350 sqm £3,820 sqm
DE22 4 Derby £2,100 sqm £2,440 sqm £2,970 sqm
DE22 1 Derby £2,270 sqm £2,800 sqm £3,610 sqm

## Will Derby 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 DE22 3 (Derby) compared with both the wider area DE22 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 Derby,Derby
House price trends for Derby

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 DE22 3 sales
Recent trends for Derby

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 Derby 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 Derby 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
St Albans Road, Derby, DE22 3J 85 sqm £2,262 32
Bedford Street, Derby, DE22 3P 89 sqm £1,659 30
Manchester Street, Derby, DE22 3G 75 sqm £1,625 30
Wolfa Street, Derby, DE22 3S 82 sqm £1,755 24
Peel Street, Derby, DE22 3G 74 sqm £1,650 23
Stanley Street, Derby, DE22 3G 85 sqm £1,535 22
Somerset Close, Derby, DE22 3X 82 sqm £2,164 22
Drewry Lane, Derby, DE22 3Q 76 sqm £1,761 20

## Raw data

Our analysis of Derby 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.