House prices in DE3 0 (Mickleover)

This article reveals price per square metre data and various charts to help you understand current housing market in Mickleover (DE3 0).


Defining 'DE3 0'

This analysis is limited to properties whose postcode starts with "DE3 0", 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 Mickleover.

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 Mickleover 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. Flat 6 Limes Court, Limes Avenue, Mickleover, sold for £70,000 on Feb-2024. Given the internal area of 71 square metres, the price per sqm is £985.

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. £3,350-£3,500, £3,500-£3,650, £3,650-£3,800 etc...) we then count the number of sales with within in each bucket and plot the results. The chart is based on 213 sales in Mickleover (DE3 0) that took place in the last two years.

Distribution of £ per sqm for Mickleover
Distribution of £ per sqm house prices in Mickleover

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 Mickleover (DE3 0). Of the 213 transactions, half were sold for between £2,570 and £3,310 per square metre. The median, or 'middle', price per square metre in 'DE3 0' is £3,030. Notably, only 25% of properties that sold recently were valued at more than £3,310 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 Mickleover

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 Mickleover. 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.

Property price heatmap for Mickleover
House price heatmap for Mickleover

Comparison with neighbouring postcode sectors

The table below shows how 'DE3 0' compares to neighbouring postcode sectors.

Postcode sector Lower quartile Middle quartile Upper quartile
DE3 9 Mickleover £2,760 sqm £3,130 sqm £3,450 sqm
DE3 0 Mickleover £2,570 sqm £3,030 sqm £3,310 sqm

Will Mickleover 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 DE3 0 (Mickleover) compared with both the wider area DE3 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 Mickleover,Mickleover
House price trends for Mickleover

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 DE3 0 sales
Recent trends for Mickleover

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 Mickleover 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 Mickleover 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
Vicarage Road, Mickleover, DE3 0E 83 sqm £2,774 27
Farneworth Road, Mickleover, DE3 0E 73 sqm £2,462 19
Starflower Way, Mickleover, DE3 0B 97 sqm £2,169 14
Fenton Road, Mickleover, DE3 0E 72 sqm £2,749 14
The Dovedales, Mickleover, DE3 0X 48 sqm £1,923 13
West Drive, Mickleover, DE3 0E 89 sqm £2,524 13
Kingsmuir Road, Mickleover, DE3 0P 84 sqm £2,689 11
Mickleover Manor, Mickleover, DE3 0S 117 sqm £2,777 11

Search for your street here.

New build activity

Street Avg size Avg £sqm New build sales
Archer Drive, Mickleover, DE3 0A 109 sqm £2,966 15
Moors Close, Mickleover, DE3 0A 132 sqm £2,962 9

Archer Drive, Mickleover, DE3 0A has seen 15 new build sales in the last 4 years (average price £302,120). These new build homes typically have an internal area of 109 sqm, with an average price of £2,966 sqm. This £sqm average is £-64 below the average for DE3 0. New builds typically command a £ per sqm premium. In the case of Archer Drive 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 Mickleover 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 sqm £/sqm
Flat 6 Limes Court, Limes Avenue, Mickleover £70,000
Feb-2024
71 985
8, Chantry Close, Mickleover £295,000
Jan-2024
110 2,681
11, Vicarage Rd, Mickleover £1,265,000
Jan-2024
267 4,737

See the entire list of all sales in Mickleover (DE3 0) here.

About

I created HouseMetric because I wanted to see this data and analysis myself, I also wanted to teach myself to build a website. Please give me feedback or spread the word about it. I'm constantly tinkering and adding more stuff to it.