House prices in NR19 1 (Dereham)
This article reveals price per square metre data and various charts to help you understand current housing market in 'NR19 1' (Dereham) - statistics were last calculated on 30 August 2024.
Defining 'NR19 1'
This analysis is limited to properties whose postcode starts with "NR19 1", 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 Dereham.
You can click on the map to change 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 Dereham 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 areaE.g. 24, Russet Way, Dereham, sold for £270,000 on Jul-2024. Given the internal area of 90 square metres, the price per sqm is £3,000.
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. £3,350-£3,500, £3,500-£3,650, £3,650-£3,800 etc...) we then count the number of sales with within in each bucket and plot the results. The chart is based on 248 sales in Dereham (NR19 1) that took place in the last two years.
Distribution of £ per sqm for Dereham
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 Dereham (NR19 1). Of the 248 transactions, half were sold for between £2,520 and £3,350 per square metre. The median, or 'middle', price per square metre in 'NR19 1' is £2,880. Notably, only 25% of properties that sold recently were valued at more than £3,350 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 Dereham
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 Dereham. 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 Dereham
Comparison with neighbouring postcode sectors
The table below shows how 'NR19 1' compares to neighbouring postcode sectors.
Postcode sector | Lower quartile | Middle quartile | Upper quartile |
---|---|---|---|
NR19 1 Dereham | £2,520 sqm | £2,880 sqm | £3,350 sqm |
NR19 2 Scarning | £2,690 sqm | £2,970 sqm | £3,400 sqm |
Will Dereham 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 NR19 1 (Dereham) compared with both the wider area NR19 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 Dereham,Dereham
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.
Most recent NR19 1 sales
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 Dereham 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 Dereham 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 |
---|---|---|---|
Brunswick Close, Dereham, NR19 1X | 63 sqm | £2,801 | 19 |
Stone Road, Dereham, NR19 1L | 115 sqm | £2,935 | 16 |
Hillcrest Avenue, Dereham, NR19 1T | 59 sqm | £3,180 | 14 |
Shipdham Road, Dereham, NR19 1J | 94 sqm | £2,560 | 13 |
Swan Road, Dereham, NR19 1A | 97 sqm | £2,647 | 12 |
Strasbourg Way, Dereham, NR19 1U | 60 sqm | £2,830 | 12 |
Commercial Road, Dereham, NR19 1A | 114 sqm | £2,299 | 11 |
Russet Way, Dereham, NR19 1G | 88 sqm | £3,002 | 11 |
Search for your street here.
Raw data
Our analysis of Dereham 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 |
---|---|---|---|
24, Russet Way, Dereham | £270,000
Jul-2024
|
90 | 3,000 |
36, Limassol Rd, Dereham | £170,000
Jul-2024
|
68 | 2,500 |
15, School Lane, Dereham | £384,000
Jul-2024
|
149 | 2,577 |
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.