# House prices in DE73 6 (Chellaston)

This article reveals price per square metre data and various charts to help you understand current housing market in Chellaston (DE73 6).

## Defining 'DE73 6'

This analysis is limited to properties whose postcode starts with "DE73 6", 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 Chellaston.

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 Chellaston 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. 53, Fellow Lands Way, Chellaston, sold for £215,000 on Mar-2024. Given the internal area of 77 square metres, the price per sqm is £2,792.

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. £2,900-£3,000, £3,000-£3,100, £3,100-£3,200 etc...) we then count the number of sales with within in each bucket and plot the results. The chart is based on 130 sales in Chellaston (DE73 6) that took place in the last two years.

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

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 Chellaston (DE73 6). Of the 130 transactions, half were sold for between £2,590 and £3,150 per square metre. The median, or 'middle', price per square metre in 'DE73 6' is £2,920. Notably, only 25% of properties that sold recently were valued at more than £3,150 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 Chellaston

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 Chellaston. 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 Chellaston

## Comparison with neighbouring postcode sectors

The table below shows how 'DE73 6' compares to neighbouring postcode sectors.

Postcode sector Lower quartile Middle quartile Upper quartile
DE73 6 Chellaston £2,590 sqm £2,920 sqm £3,150 sqm
DE73 8 Melbourne £3,080 sqm £3,400 sqm £3,840 sqm
DE73 7 Ticknall £3,220 sqm £3,500 sqm £4,170 sqm
DE73 5 Chellaston £2,360 sqm £2,790 sqm £3,150 sqm

## Will Chellaston 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 DE73 6 (Chellaston) compared with both the wider area DE73 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 Chellaston,Chellaston
House price trends for Chellaston

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 DE73 6 sales
Recent trends for Chellaston

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 Chellaston 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 Chellaston 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
High Street, Chellaston, DE73 6T 85 sqm £2,356 16
Fellow Lands Way, Chellaston, DE73 6W 127 sqm £2,576 15
Woodgate Drive, Chellaston, DE73 6U 81 sqm £2,780 13
Maple Drive, Chellaston, DE73 6R 68 sqm £2,634 13
Fellow Lands Way, Chellaston, DE73 6S 73 sqm £2,604 12
Green Avenue, Chellaston, DE73 6T 83 sqm £2,965 11
Kingsgate Road, Chellaston, DE73 6X 86 sqm £2,838 9
Simcoe Leys, Chellaston, DE73 6X 55 sqm £2,905 9

Search for your street here.

## Raw data

Our analysis of Chellaston 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
53, Fellow Lands Way, Chellaston £215,000
Mar-2024
77 2,792
31, Maple Drive, Chellaston £85,000
Feb-2024
46 1,847
12, Grafham Close, Chellaston £330,000
Feb-2024
127 2,598

#### 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.