House prices in DE5 9 (Codnor)

This article reveals price per square metre data and various charts to help you understand current housing market in 'DE5 9' (Codnor, Ripley) - statistics were last calculated on 30 August 2024.

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Defining 'DE5 9'

This analysis is limited to properties whose postcode starts with "DE5 9", 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 Codnor.

You can click on the map to change sector, or you can enter a different postcode sector (e.g. CM23 4) below.

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FYI, a postcode sector is the full postcode without the last two letters.

Price per square metre

Knowing the average house price in Codnor 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. 94, Alfreton Road, Codnor, Ripley, sold for £110,000 on Jun-2024. Given the internal area of 51 square metres, the price per sqm is £2,156.

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. £2,350-£2,500, £2,500-£2,650, £2,650-£2,800 etc...) we then count the number of sales with within in each bucket and plot the results. The chart is based on 81 sales in Codnor (DE5 9) that took place in the last two years.

Generate a custom chart like the one above but based on your own criteria.

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 Codnor (DE5 9). Of the 81 transactions, half were sold for between £2,070 and £2,830 per square metre. The median, or 'middle', price per square metre in 'DE5 9' is £2,370. Notably, only 25% of properties that sold recently were valued at more than £2,830 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 Codnor, Ripley

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 Ripley. 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 Codnor, Ripley

Comparison with neighbouring postcode sectors

The table below shows how 'DE5 9' compares to neighbouring postcode sectors.

Postcode sector	Lower quartile	Middle quartile	Upper quartile
DE5 3 Ripley	£1,880 sqm	£2,280 sqm	£2,850 sqm
DE5 9 Codnor	£2,070 sqm	£2,370 sqm	£2,830 sqm
DE5 8 Denby	£1,980 sqm	£2,470 sqm	£2,850 sqm

Will Ripley 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 DE5 9 (Codnor) compared with both the wider area DE5 and inflation (CPIH from the Office of National Statistics). The dashed trend lines in the chart show the average over time.

Download time series data as CSV (paying users only).

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.

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 Ripley 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 Ripley 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
Holborn View, Codnor, DE5 9R	83 sqm	£2,350	18
Jessop Street, Codnor, DE5 9R	76 sqm	£1,914	13
Queen Street, Codnor, DE5 9T	77 sqm	£2,363	13
Needham Street, Codnor, DE5 9R	70 sqm	£2,183	12
Nottingham Road, Codnor, DE5 9R	101 sqm	£2,468	11
Mill Lane, Codnor, DE5 9Q	71 sqm	£2,162	11
Thomson Drive, Codnor, DE5 9R	73 sqm	£2,540	11
Warren Road, Codnor, DE5 9T	96 sqm	£2,522	11

Search for your street here.

Raw data

Our analysis of Codnor 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
94, Alfreton Rd, Codnor, Ripley	£110,000 Jun-2024	51	2,156
10, Stirland St, Codnor, Ripley	£160,000 Jun-2024	90	1,777
32, Codnor Denby Lane, Codnor, Ripley	£326,000 Jun-2024	107	3,046

See the entire list of all sales in Codnor (DE5 9) here.