House prices in DE74 2 (Castle Donington)

This article reveals price per square metre data and various charts to help you understand current housing market in Castle Donington (DE74 2).


Defining 'DE74 2'

This analysis is limited to properties whose postcode starts with "DE74 2", 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 Castle Donington.

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 Castle Donington 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. 8, Hemington Court, Castle Donington, sold for £170,000 on Mar-2024. Given the internal area of 85 square metres, the price per sqm is £2,000.

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. £2,800-£3,000, £3,000-£3,200, £3,200-£3,400 etc...) we then count the number of sales with within in each bucket and plot the results. The chart is based on 274 sales in Castle Donington (DE74 2) that took place in the last two years.

Distribution of £ per sqm for Castle Donington
Distribution of £ per sqm house prices in Castle Donington

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 Castle Donington (DE74 2). Of the 274 transactions, half were sold for between £2,480 and £3,390 per square metre. The median, or 'middle', price per square metre in 'DE74 2' is £2,980. Notably, only 25% of properties that sold recently were valued at more than £3,390 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 Castle Donington

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 Castle Donington. 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 Castle Donington
House price heatmap for Castle Donington

Comparison with neighbouring postcode sectors

The table below shows how 'DE74 2' compares to neighbouring postcode sectors.

Postcode sector Lower quartile Middle quartile Upper quartile
DE74 2 Castle Donington £2,480 sqm £2,980 sqm £3,390 sqm

Will Castle Donington 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 DE74 2 (Castle Donington) compared with both the wider area DE74 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 Castle Donington,Castle Donington
House price trends for Castle Donington

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 DE74 2 sales
Recent trends for Castle Donington

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 Castle Donington 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 Castle Donington 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
Pritchard Drive, Castle Donington, DE74 2A 89 sqm £2,992 20
Spitfire Road, Castle Donington, DE74 2A 103 sqm £2,753 20
Park Lane, Castle Donington, DE74 2J 141 sqm £3,237 19
Hollands Way, Castle Donington, DE74 2G 78 sqm £2,511 16
Station Road, Castle Donington, DE74 2F 98 sqm £2,382 15
Barroon, Castle Donington, DE74 2P 117 sqm £2,644 13
Stonehill, Castle Donington, DE74 2L 90 sqm £2,808 12
Station Road, Castle Donington, DE74 2N 97 sqm £2,544 12

Search for your street here.

New build activity

Street Avg size Avg £sqm New build sales
Handley Place, Castle Donington, DE74 2S 90 sqm £2,306 10

Handley Place, Castle Donington, DE74 2S has seen 10 new build sales in the last 4 years (average price £236,258). These new build homes typically have an internal area of 90 sqm, with an average price of £2,306 sqm. This £sqm average is £-674 below the average for DE74 2. New builds typically command a £ per sqm premium. In the case of Handley Place 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 Castle Donington 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
8, Hemington Court, Castle Donington £170,000
Mar-2024
85 2,000
8, Paddock Close, Castle Donington £532,500
Mar-2024
113 4,712
8, Hall Farm Close, Castle Donington £258,000
Mar-2024
92 2,804

See the entire list of all sales in Castle Donington (DE74 2) 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.