Key indicators for buyers
The DY22 market is moderately favourable for buyers. Rising rents (£844/mo, +3.1%) mean the cost of waiting is real.
Yearly averages · HM Land Registry Price Paid Data
The average property in DY22 sold for £1,475,806 in 2018, with a median of £1,475,806 across 1 transactions.
House price ÷ median earnings · ONS data
Affordability data shown for wider City of Derby area
A home in City of Derby costs 5.3x the local median salary — moderate, improving from a peak of 5.7x in 2007.
Average monthly rent · ONS Private Rental Index
Rental data shown for wider City of Derby area
Average monthly rent in City of Derby is £844, up 3.1% 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 City of Derby price of £1,475,806 with a 25% deposit (£369k), a 2-year fixed mortgage at 3.97% costs around £5,824 per month.
Monthly cost comparison based on current data
Uses DY22 avg. price with City of Derby rental data
Monthly mortgage payments (£5,824) are £4,980 more than renting (£844). However, buying requires an upfront deposit of £369k — it would take around 30746 years to recoup that cost compared to renting and investing the difference.
Latest transactions · HM Land Registry Price Paid Data
| Address | Type | Price | Date |
|---|---|---|---|
1, CLAREMONT HOUSE, 67, KINGSWAY BOULEVARD DY22 3YE | Other | £1,475,806 | 7 Dec 2018 |
The most recent recorded sale in DY22 was a other property on Kingsway Boulevard for £1,475,806 in December 2018. Across the last 1 sales, the median price was £1,475,806.
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.