# House prices in DE4 3 (Matlock)

This article reveals price per square metre data and various charts to help you understand current housing market in Matlock, Wirksworth (DE4 3).

## Defining 'DE4 3'

This analysis is limited to properties whose postcode starts with "DE4 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 Matlock.

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 Matlock 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. 15, Far Green, Matlock, Wirksworth, sold for £315,000 on Mar-2024. Given the internal area of 85 square metres, the price per sqm is £3,705.

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. £3,250-£3,500, £3,500-£3,750, £3,750-£4,000 etc...) we then count the number of sales with within in each bucket and plot the results. The chart is based on 251 sales in Matlock (DE4 3) that took place in the last two years.

##### Distribution of £ per sqm for Matlock, Wirksworth
Distribution of £ per sqm house prices in Matlock

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 Matlock (DE4 3). Of the 251 transactions, half were sold for between £2,480 and £3,490 per square metre. The median, or 'middle', price per square metre in 'DE4 3' is £2,950. Notably, only 25% of properties that sold recently were valued at more than £3,490 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 Matlock, Wirksworth

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 Wirksworth. 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 Matlock, Wirksworth

## Comparison with neighbouring postcode sectors

The table below shows how 'DE4 3' compares to neighbouring postcode sectors.

Postcode sector Lower quartile Middle quartile Upper quartile
DE4 3 Matlock £2,480 sqm £2,950 sqm £3,490 sqm
DE4 4 Wirksworth £2,900 sqm £3,430 sqm £4,030 sqm
DE4 5 Crich £2,870 sqm £3,370 sqm £4,100 sqm
DE4 2 Darley Dale £2,860 sqm £3,560 sqm £4,390 sqm

## Will Wirksworth 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 DE4 3 (Matlock) compared with both the wider area DE4 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 Matlock,Wirksworth
House price trends for Matlock

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 DE4 3 sales
Recent trends for Matlock

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 Wirksworth 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 Wirksworth 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
Smedley Street East, Matlock, DE4 3F 104 sqm £2,531 16
Chesterfield Road, Matlock, DE4 3F 106 sqm £2,480 16
Morledge, Matlock, DE4 3S 96 sqm £2,846 16
Smedley Street, Matlock, DE4 3J 98 sqm £3,030 15
Dale Road, Matlock, DE4 3P 105 sqm £2,757 15
The Hill, Matlock, DE4 3Q 72 sqm £2,838 14
Victoria Hall Gardens, Matlock, DE4 3S 54 sqm £3,514 14
Jackson Road, Matlock, DE4 3J 88 sqm £2,955 13

## Raw data

Our analysis of Matlock 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.