Key indicators for buyers
The S40 market looks favourable for buyers. Prices have softened (-6.5%), which could present a buying opportunity. Affordability has improved from a peak of 6.8x in 2021 to 5.2x today. Rising rents (£732/mo, +3.8%) mean the cost of waiting is real.
Yearly averages · HM Land Registry Price Paid Data
2026averages · HM Land Registry Price Paid Data
House price ÷ median earnings · ONS data
Affordability data shown for wider Chesterfield area
A home in Chesterfield costs 5.2x the local median salary — moderate, improving from a peak of 6.8x in 2021.
Average monthly rent · ONS Private Rental Index
Rental data shown for wider Chesterfield area
Average monthly rent in Chesterfield is £732, up 3.8% year-on-year. Rents have risen consistently over the past five years.
2yr fixed · 75% LTV · 25yr term · BoE avg. rate
Based on the average Chesterfield price of £218,608 with a 25% deposit (£55k), a 2-year fixed mortgage at 3.97% costs around £863 per month.
Monthly cost comparison based on current data
Uses S40 avg. price with Chesterfield rental data
Monthly mortgage payments (£863) are £131 more than renting (£732). However, buying requires an upfront deposit of £55k — it would take around 12 years to recoup that cost compared to renting and investing the difference.
Latest transactions · HM Land Registry Price Paid Data
| Address | Type | Price | Date |
|---|---|---|---|
17, BROCKLEHURST PIECE S40 2QY | Semi-detached | £170,000 | 23 Jan 2026 |
15A, GOWER CRESCENT S40 4LX | Semi-detached | £223,000 | 23 Jan 2026 |
11, EASEDALE CLOSE S40 4XP | Semi-detached | £158,000 | 20 Jan 2026 |
212, OLD ROAD S40 3QW | Terraced | £235,000 | 19 Jan 2026 |
34, BRUSHFIELD ROAD S40 4XE | Terraced | £199,950 | 19 Jan 2026 |
6, HOLBROOK CLOSE S40 3JP | Detached | £375,000 | 19 Jan 2026 |
23, DARWIN ROAD S40 4RX | Semi-detached | £195,000 |
Data sources (all free & public): HM Land Registry Price Paid Data & UK House Price Index · ONS Housing Affordability Ratios · ONS Private Rental Index · Bank of England Quoted Household Interest Rates · HMRC Monthly Property Transactions
Contains HM Land Registry data © Crown copyright and database right 2021. This data is licensed under the Open Government Licence v3.0.
The average property in S40 sold for £218,608 in 2026, with a median of £198,725 across 18 transactions. Prices fell 6.5% compared to the previous year.
| 19 Jan 2026 |
8, WELSHPOOL PLACE S40 1EB | Terraced | £197,500 | 16 Jan 2026 |
34, RUTLAND ROAD S40 1LY | Terraced | £193,000 | 16 Jan 2026 |
19, WISBECH CLOSE S40 3RQ | Detached | £325,000 | 15 Jan 2026 |
2, OAKLEY AVENUE S40 4DS | Semi-detached | £189,000 | 14 Jan 2026 |
24, TISSINGTON CLOSE S40 4RR | Terraced | £136,000 | 13 Jan 2026 |
37, STERLAND STREET S40 1BP | Terraced | £152,000 | 9 Jan 2026 |
52, HOLMEBANK WEST S40 4AS | Detached | £222,500 | 8 Jan 2026 |
37, BAYCLIFF DRIVE S40 1YQ | Flat/Maisonette | £104,000 | 8 Jan 2026 |
9, HAMBLEDON CLOSE S40 4NA | Semi-detached | £255,000 | 7 Jan 2026 |
64, CUTTHOLME ROAD S40 4PU | Detached | £297,000 | 7 Jan 2026 |
120, WALTON ROAD S40 3BU | Semi-detached | £308,000 | 5 Jan 2026 |
28, GLUMANGATE S40 1TX | Terraced | £100,000 | 22 Dec 2025 |
8, BADEN POWELL ROAD S40 2SL | Terraced | £106,000 | 19 Dec 2025 |
The most recent recorded sale in S40 was a semi-detached property on Brocklehurst Piece for £170,000 in January 2026. Across the last 20 sales, the median price was £197,500.