Key indicators for buyers
The DE7 market is moderately favourable for buyers. Prices have softened (-7.4%), which could present a buying opportunity. Rising rents (£830/mo, +3.3%) 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 Erewash area
A home in Erewash costs 6.1x the local median salary — moderate, improving from a peak of 6.4x in 2022.
Average monthly rent · ONS Private Rental Index
Rental data shown for wider Erewash area
Average monthly rent in Erewash is £830, up 3.3% 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 Erewash price of £202,000 with a 25% deposit (£51k), a 2-year fixed mortgage at 3.97% costs around £797 per month.
Monthly cost comparison based on current data
Uses DE7 avg. price with Erewash rental data
Monthly mortgage payments (£797) are £33 less than renting (£830). However, buying requires an upfront deposit of £51k — it would take around 8 years to recoup that cost compared to renting and investing the difference.
Latest transactions · HM Land Registry Price Paid Data
| Address | Type | Price | Date |
|---|---|---|---|
8, DEVON STREET DE7 4AT | Semi-detached | £149,000 | 23 Jan 2026 |
4, HARROW DRIVE DE7 4QY | Terraced | £160,000 | 23 Jan 2026 |
61, KEDLESTON DRIVE DE7 8UA | Detached | £220,000 | 23 Jan 2026 |
9, SPINNEY ROAD DE7 4LH | Semi-detached | £189,000 | 23 Jan 2026 |
5, CHURCH CLOSE, SMALLEY DE7 6JX | Semi-detached | £242,000 | 23 Jan 2026 |
3, ANSON WALK DE7 8PY | Terraced | £145,000 | 16 Jan 2026 |
5, APPLEBY CLOSE DE7 4LP | Detached | £340,000 |
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 DE7 sold for £202,000 in 2026, with a median of £189,000 across 15 transactions. Prices fell 7.4% compared to the previous year.
| 16 Jan 2026 |
11, VICARAGE STREET DE7 8QL | Detached | £265,000 | 16 Jan 2026 |
5, GLEBE CRESCENT, STANLEY DE7 6FL | Detached | £260,000 | 12 Jan 2026 |
27, BOYTHORPE CLOSE DE7 8WG | Semi-detached | £158,000 | 9 Jan 2026 |
4, BRICKYARD, STANLEY COMMON DE7 6FR | Terraced | £171,000 | 7 Jan 2026 |
257A, BELPER ROAD, STANLEY COMMON DE7 6FY | Semi-detached | £255,000 | 7 Jan 2026 |
9, NEWSTEAD ROAD NORTH DE7 8UB | Semi-detached | £218,000 | 6 Jan 2026 |
26, BRIGHT STREET DE7 8NH | Terraced | £150,000 | 5 Jan 2026 |
24, PARK ROAD DE7 5DA | Flat/Maisonette | £108,000 | 5 Jan 2026 |
132, SPRINGFIELD GARDENS DE7 8HY | Semi-detached | £205,000 | 19 Dec 2025 |
25, FRENCH STREET DE7 5BA | Terraced | £118,500 | 19 Dec 2025 |
26, WOOD STREET DE7 8GE | Terraced | £175,000 | 19 Dec 2025 |
BELL INN, 35, MAIN ROAD, SMALLEY DE7 6EF | Other | £510,000 | 19 Dec 2025 |
18A, PORTLAND ROAD DE7 8NF | Detached | £260,000 | 19 Dec 2025 |
The most recent recorded sale in DE7 was a semi-detached property on Devon Street for £149,000 in January 2026. Across the last 20 sales, the median price was £205,000.