# House prices in DE23 3 (Littleover)

## Defining 'DE23 3'

This analysis is limited to properties whose postcode starts with "DE23 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 Littleover.

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 Littleover 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. 4, Ivyleaf Way, Littleover, sold for £280,000 on Feb-2024. Given the internal area of 147 square metres, the price per sqm is £1,904.

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. £2,900-£3,000, £3,000-£3,100, £3,100-£3,200 etc...) we then count the number of sales with within in each bucket and plot the results. The chart is based on 180 sales in Littleover (DE23 3) that took place in the last two years.

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

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 Littleover (DE23 3). Of the 180 transactions, half were sold for between £2,720 and £3,420 per square metre. The median, or 'middle', price per square metre in 'DE23 3' is £3,110. Notably, only 25% of properties that sold recently were valued at more than £3,420 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 Littleover

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 Littleover. 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 Littleover

## Comparison with neighbouring postcode sectors

The table below shows how 'DE23 3' compares to neighbouring postcode sectors.

Postcode sector Lower quartile Middle quartile Upper quartile
DE23 4 Littleover £2,570 sqm £3,160 sqm £3,410 sqm
DE23 8 Derby £1,260 sqm £1,510 sqm £1,780 sqm
DE23 1 Littleover £2,270 sqm £2,660 sqm £3,030 sqm
DE23 2 Littleover £2,040 sqm £2,650 sqm £3,080 sqm
DE23 6 Derby £1,550 sqm £2,140 sqm £2,710 sqm
DE23 3 Littleover £2,720 sqm £3,110 sqm £3,420 sqm

## Will Littleover 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 DE23 3 (Littleover) compared with both the wider area DE23 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 Littleover,Littleover
House price trends for Littleover

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 DE23 3 sales
Recent trends for Littleover

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 Littleover 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 Littleover 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
Hillsway, Littleover, DE23 3D 102 sqm £2,715 23
Elvaston Drive, Littleover, DE23 3W 94 sqm £2,860 19
Tutbury Avenue, Littleover, DE23 3U 106 sqm £2,678 19
Alton Way, Littleover, DE23 3X 110 sqm £2,738 17
Croft Way, Littleover, DE23 3A 95 sqm £2,888 13
Swanmore Road, Littleover, DE23 3S 106 sqm £2,938 13
Rossington Drive, Littleover, DE23 3U 63 sqm £2,972 13
Badgerdale Way, Littleover, DE23 3Z 74 sqm £2,167 13

## New build activity

Street Avg size Avg £sqm New build sales
Ludlow Road, Littleover, DE23 3A 82 sqm £2,844 13
Bolton Way, Littleover, DE23 3A 163 sqm £2,662 14

Ludlow Road, Littleover, DE23 3A has seen 13 new build sales in the last 4 years (average price £281,173). These new build homes typically have an internal area of 82 sqm, with an average price of £2,844 sqm. This £sqm average is £-266 below the average for DE23 3. New builds typically command a £ per sqm premium. In the case of Ludlow Road 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 Littleover 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.