Key indicators for buyers
The S31 market is moderately favourable for buyers. Prices have softened (-46.7%), which could present a buying opportunity. Affordability has improved from a peak of 8.5x in 2023 to 7.0x today. Rising rents (£775/mo, +6.3%) mean the cost of waiting is real.
Yearly averages · HM Land Registry Price Paid Data
The average property in S31 sold for £120,000 in 2015, with a median of £120,000 across 1 transactions. Prices fell 46.7% compared to the previous year.
House price ÷ median earnings · ONS data
Affordability data shown for wider North East Derbyshire area
A home in North East Derbyshire costs 7.0x the local median salary — moderate, improving from a peak of 8.5x in 2023.
Average monthly rent · ONS Private Rental Index
Rental data shown for wider North East Derbyshire area
Average monthly rent in North East Derbyshire is £775, up 6.3% 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 North East Derbyshire price of £120,000 with a 25% deposit (£30k), a 2-year fixed mortgage at 3.97% costs around £474 per month.
Monthly cost comparison based on current data
Uses S31 avg. price with North East Derbyshire rental data
Monthly mortgage payments (£474) are £301 less than renting (£775). However, buying requires an upfront deposit of £30k — it would take around 4 years to recoup that cost compared to renting and investing the difference.
Latest transactions · HM Land Registry Price Paid Data
| Address | Type | Price | Date |
|---|---|---|---|
KINGDOM HALL, 48A, HIGH STREET, ECKINGTON S31 9DN | Other | £120,000 | 2 Jun 2015 |
CHERRY TREE COTTAGE, MAIN STREET, SWALLOWNEST S31 0TZ | Detached | £225,000 | 27 Sept 2011 |
MASONS ARMS, EMMETT CARR LANE, RENISHAW S31 9UL | Detached | £265,000 | 4 Mar 2010 |
MASONS ARMS, EMMETT CARR LANE, RENISHAW S31 9UL | Detached | £210,000 | 10 Mar 2005 |
74, KIVETON LANE, TODWICK S31 0HL | Detached | £115,000 | 12 May 1997 |
197, SHEFFIELD ROAD, KILLAMARSH S31 8DZ | Detached | £37,500 | 27 Mar 1997 |
MASONS ARMS, EMMETT CARR LANE, RENISHAW S31 9UL |
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.
| Detached |
| £175,000 |
| 21 Aug 1995 |
The most recent recorded sale in S31 was a other property on High Street for £120,000 in June 2015. Across the last 7 sales, the median price was £175,000.