# House prices in DE24 8 (Alvaston)

## Defining 'DE24 8'

This analysis is limited to properties whose postcode starts with "DE24 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 Alvaston.

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 Alvaston 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. 20, Laurie Place, Alvaston, sold for £155,000 on Mar-2024. Given the internal area of 76 square metres, the price per sqm is £2,039.

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 289 sales in Alvaston (DE24 8) that took place in the last two years.

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

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 Alvaston (DE24 8). Of the 289 transactions, half were sold for between £1,520 and £2,090 per square metre. The median, or 'middle', price per square metre in 'DE24 8' is £1,760. Notably, only 25% of properties that sold recently were valued at more than £2,090 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 Alvaston

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 Alvaston. 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 Alvaston

## Comparison with neighbouring postcode sectors

The table below shows how 'DE24 8' compares to neighbouring postcode sectors.

Postcode sector Lower quartile Middle quartile Upper quartile
DE24 1 Derby £1,880 sqm £2,050 sqm £2,410 sqm
DE24 5 Boulton Moor £2,530 sqm £2,810 sqm £3,130 sqm
DE24 3 Stenson Fields £2,590 sqm £2,840 sqm £3,090 sqm
DE24 0 Alvaston £2,140 sqm £2,440 sqm £2,880 sqm
DE24 9 Sinfin £1,860 sqm £2,300 sqm £2,730 sqm
DE24 8 Alvaston £1,520 sqm £1,760 sqm £2,090 sqm

## Will Alvaston 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 DE24 8 (Alvaston) compared with both the wider area DE24 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 Alvaston,Alvaston
House price trends for Alvaston

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 DE24 8 sales
Recent trends for Alvaston

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 Alvaston 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 Alvaston 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
Baker Street, Alvaston, DE24 8S 84 sqm £1,755 47
Brighton Road, Alvaston, DE24 8T 94 sqm £1,611 21
London Road, Alvaston, DE24 8Q 130 sqm £1,749 18
Kiwi Drive, Alvaston, DE24 8N 84 sqm £2,095 17
Eden Street, Alvaston, DE24 8R 83 sqm £1,626 16
Taylor Street, Alvaston, DE24 8W 66 sqm £1,576 15
Fife Street, Alvaston, DE24 8T 77 sqm £1,737 14
London Road, Alvaston, DE24 8P 97 sqm £1,568 14

## Raw data

Our analysis of Alvaston 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.