# House prices in DE55 4 (Riddings)

This article reveals price per square metre data and various charts to help you understand current housing market in Riddings, South Normanton (DE55 4).

## Defining 'DE55 4'

This analysis is limited to properties whose postcode starts with "DE55 4", 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 Riddings.

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 Riddings 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, Newlands Road, Riddings, South Normanton, sold for £275,000 on Mar-2024. Given the internal area of 124 square metres, the price per sqm is £2,217.

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 186 sales in Riddings (DE55 4) that took place in the last two years.

##### Distribution of £ per sqm for Riddings, South Normanton
Distribution of £ per sqm house prices in Riddings

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 Riddings (DE55 4). Of the 186 transactions, half were sold for between £1,450 and £2,280 per square metre. The median, or 'middle', price per square metre in 'DE55 4' is £1,790. Notably, only 25% of properties that sold recently were valued at more than £2,280 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 Riddings, South Normanton

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 South Normanton. 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 Riddings, South Normanton

## Comparison with neighbouring postcode sectors

The table below shows how 'DE55 4' compares to neighbouring postcode sectors.

Postcode sector Lower quartile Middle quartile Upper quartile
DE55 5 Tibshelf £1,560 sqm £2,010 sqm £2,820 sqm
DE55 1 Swanwick £2,060 sqm £2,630 sqm £3,190 sqm
DE55 2 South Normanton £1,610 sqm £2,040 sqm £2,540 sqm
DE55 6 Shirland £1,840 sqm £2,410 sqm £2,860 sqm
DE55 7 Alfreton £1,600 sqm £2,020 sqm £2,650 sqm
DE55 4 Riddings £1,450 sqm £1,790 sqm £2,280 sqm

## Will South Normanton 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 DE55 4 (Riddings) compared with both the wider area DE55 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 Riddings,South Normanton
House price trends for Riddings

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 DE55 4 sales
Recent trends for Riddings

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 South Normanton 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 South Normanton 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
Main Road, Riddings, DE55 4N 81 sqm £1,507 21
Birchwood Lane, Riddings, DE55 4N 90 sqm £1,813 21
Nottingham Road, Riddings, DE55 4J 68 sqm £1,476 17
Quarry Road, Riddings, DE55 4H 95 sqm £1,412 14
Leabrooks Road, Riddings, DE55 4H 85 sqm £1,429 14
High Street, Riddings, DE55 4B 84 sqm £1,536 12
Somercotes Hill, Riddings, DE55 4J 85 sqm £1,772 12
Golden Valley, Riddings, DE55 4E 122 sqm £2,502 12

## New build activity

Street Avg size Avg £sqm New build sales
Saxelby Close, Riddings, DE55 4D 69 sqm £2,434 11

Saxelby Close, Riddings, DE55 4D has seen 11 new build sales in the last 4 years (average price £153,372). These new build homes typically have an internal area of 69 sqm, with an average price of £2,434 sqm. This £sqm average is £644 above the average for DE55 4. New builds typically command a £ per sqm premium so this is normal.

## Raw data

Our analysis of Riddings 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.