# House prices in DE23 8 (Derby)

This article reveals price per square metre data and various charts to help you understand current housing market in Derby, Littleover (DE23 8).

## Defining 'DE23 8'

This analysis is limited to properties whose postcode starts with "DE23 8", 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. 32, Bethulie Road, Derby, Littleover, sold for £112,000 on Mar-2024. Given the internal area of 67 square metres, the price per sqm is £1,671.

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 222 sales in Derby (DE23 8) that took place in the last two years.

##### Distribution of £ per sqm for Derby, Littleover
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 (DE23 8). Of the 222 transactions, half were sold for between £1,260 and £1,780 per square metre. The median, or 'middle', price per square metre in 'DE23 8' is £1,510. Notably, only 25% of properties that sold recently were valued at more than £1,780 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, 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 Derby, Littleover

## Comparison with neighbouring postcode sectors

The table below shows how 'DE23 8' 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 8 (Derby) 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 Derby,Littleover
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 DE23 8 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 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
Balfour Road, Derby, DE23 8U 82 sqm £1,524 25
Sutherland Road, Derby, DE23 8R 75 sqm £1,414 18
Lewis Street, Derby, DE23 8B 81 sqm £1,398 13
Peartree Crescent, Derby, DE23 8R 83 sqm £1,877 13
Randolph Road, Derby, DE23 8T 76 sqm £1,513 13
Leacroft Road, Derby, DE23 8H 94 sqm £1,143 12
Vincent Street, Derby, DE23 8B 83 sqm £1,450 12
Reeves Road, Derby, DE23 8J 73 sqm £1,150 12

## 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.