Latest prices in Derbyshire for Terraced properties
The latest figures show that the average price for a Terraced property in Derbyshire has now reached £176,711 as of Feb 2024. This value is based upon the average value of completed property transactions in the month of February.
Average prices for a Terraced property have increased substantially over the longer term in Derbyshire. Back in January 1995, prices for this type of property averaged £35,172 based on sales at the time. Fast forward to January 2024, and averages reached £175,428 - representing a growth of 399% over 29 years.
This substantial triple-digit percentage rise in Terraced property values far outpaced broader inflation over the same period. Rising household incomes, strong local economy, high demand and constrained supply all likely contributed to the steep price inflation seen for Terraced homes in Derbyshire over the past 3 decades.
Our data is sourced directly from HM Land Registry and their UK House Price Index report. This dataset is updated several times a year and we always attempt to have the most up to data information available.
The UK HPI uses sales data collected on residential housing transactions, whether for cash or with a mortgage. Properties have been included in England and Wales since January 1995, in Scotland since January 2004, and in Northern Ireland since January 2005, Data is available at a national and regional level, as well as counties, local authorities and London boroughs.
Terraced prices in Derbyshire over the last 12 months
Date
Price
Apr 2023
£173,170
Apr 2023
£173,170
May 2023
£172,807
Jun 2023
£173,796
Jul 2023
£175,309
Aug 2023
£178,179
Sep 2023
£177,722
Oct 2023
£179,262
Nov 2023
£178,409
Dec 2023
£177,473
Jan 2024
£175,428
Feb 2024
£176,711
Recent trends for prices in Derbyshire
The latest figures from February 2024 indicate the property market in Derbyshire continues to show rising price trends. Compared to January, 2024, average prices increased by 0.9% to £231,348. On an annual basis, average property prices have increased 0.8% since 12 months ago.
In terms of sales activity, there were 420 residential property transactions completed in Derbyshire during February, 2024. Of these purchases, 185 were financed with a mortgage while 105 were all-cash sales. For cash buyers, average prices have changed by 0.7% since January, 2024, coming in at around £226,503. For properties purchased with a mortgage, the average price changed by 1% since January, 2024, to £233,826.
Compared to the overall picture in its national parent England, the average property price in Derbyshire are lower than the current national average of £297,735. While Derbyshire saw a change of 0.9% over the last month, England as a whole recorded a percentage change of 0.6% in average property values. And on an annual basis, prices across England have contracted by -1.1%, less than the 0.8% yearly change seen in Derbyshire.
Interested in purchasing a property in Derbyshire? Use our Monthly Mortgage Cost Calculator to see how much a property may cost you per month. This tool is for illustrative purposes only and does not constitute financial advice.
Average price in Derbyshire by housing type
Prices last recorded in February, 2024
average
£231,348
detached
£337,650
flat
£140,653
semi-detached
£211,770
terraced
£176,711
Prices by housing type in Derbyshire
Recent data shows that price growth has varied across different property types in Derbyshire over the last year. For terraced houses, property prices changed by 0.8% between February 2024 and January 2024 to reach £176,711, and changed by -0.4% over the last 12 months. The annual change was less than the -1.7% change seen for terraced homes in England overall.
Meanwhile, semi-detached properties saw a rise in average prices locally, taking them to £211,770 in January 2024. This represents a 1% change from the same month last year.This is outperforming the 0.2% annual change in semi-detached values across the country.
Detached homes in Derbyshire gained 1% month-over-month to reach an average of £337,650. Annually, detached property values have changed by 1.7%. This is stronger price growth compared to England's -0.5% change for detached houses over the year.
For apartments and flats, average prices increased by 0.5% between February and January 2024, hitting £140,653. Over the last 12 months, apartment values have changed by -0.8%, surpassing England's flat and apartment growth rate of -2.8%.
Overall, detached properties have seen the strongest price momentum locally over the past year, with a change of 1.7%, while flat properties lagged, with a change of -0.8%.
Recent purchases in Derbyshire
According to data from HM Land Registry, there were 420 completed property purchases in the area of Derbyshire in February 2024. Of these sales, 105 were recorded as cash purchases whilst 185 were purchased using a mortgage. Compared to this time 12 months ago, the percentage of properties purchased using a mortgage has changed by 1.1% and the percentage of properties purchased with cash has changed by 0.1%.
The number of cash and mortgage purchases may not match the recorded number due to exclusions listed on the gov.uk website
Looking for a specific property type?
Use one of the following links to find more specific information about the type of property you're looking for in derbyshire.
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