House prices in DE22 3 (Derby)

This article reveals price per square foot data and various charts to help you understand current housing market in 'DE22 3' (Derby) - statistics were last calculated on 30 August 2024.

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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 to change sector, or you can enter a different postcode sector (e.g. CM23 4) below.

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Change sector

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

Price per square foot

Knowing the average house price in Derby is not much use. However, knowing average price per square foot can be quite useful. Price per sqft allows some comparison between properties of different size. We define price per square foot as the sold price divided by the internal area of a property:

£ per sqft = price ÷ internal area

E.g. 36, Bakewell Street, Derby, sold for £167,500 on Jul-2024. Given the internal area of 936 square feet, the price per sqft is £178.

England & Wales have been officially metric for many decades. Convert this site to square meters.

The chart below is called a histogram, it helps you see the distribution of this house price per sqft data. To make this chart we put the sales data into a series of £ per sqft 'buckets' (e.g. £176-£185, £185-£195, £195-£204 etc...) we then count the number of sales with within in each bucket and plot the results. The chart is based on 278 sales in Derby (DE22 3) that took place in the last two years.

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 Derby (DE22 3). Of the 278 transactions, half were sold for between £155 and £211 per square foot. The median, or 'middle', price per square foot in 'DE22 3' is £184. Notably, only 25% of properties that sold recently were valued at more than £211 sqft. 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	£393 sqft	£419 sqft	£440 sqft
DE22 3 Derby	£155 sqft	£184 sqft	£211 sqft
DE22 1 Derby	£222 sqft	£271 sqft	£338 sqft
DE22 2 Allestree	£274 sqft	£312 sqft	£354 sqft
DE22 4 Derby	£198 sqft	£223 sqft	£270 sqft

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.

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 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 £sqft	Recent sales
St Albans Road, Derby, DE22 3J	914 sqft	£215	25
Manchester Street, Derby, DE22 3G	807 sqft	£152	21
Somerset Close, Derby, DE22 3X	893 sqft	£201	17
Peel Street, Derby, DE22 3G	796 sqft	£159	14
Bedford Street, Derby, DE22 3P	936 sqft	£175	14
Drewry Lane, Derby, DE22 3Q	818 sqft	£177	14
Arnold Street, Derby, DE22 3E	850 sqft	£157	11
Langley Street, Derby, DE22 3G	710 sqft	£182	11

Search for your street here.

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.

Address	Paid	sqft	£/sqft
36, Bakewell St, Derby	£167,500 Jul-2024	936	178
27, St Cuthberts Rd, Derby	£230,000 Jul-2024	1,011	227
74, Riddings St, Derby	£136,750 Jul-2024	785	174

See the entire list of all sales in Derby (DE22 3) here.