Key indicators for buyers
The DE2 market is moderately favourable for buyers. Affordability has improved from a peak of 7.8x in 2021 to 6.5x today. Rising rents (£869/mo, +4.8%) mean the cost of waiting is real.
Yearly averages · HM Land Registry Price Paid Data
The average property in DE2 sold for £219,995 in 2019, with a median of £219,995 across 1 transactions.
2019averages · HM Land Registry Price Paid Data
House price ÷ median earnings · ONS data
Affordability data shown for wider South Derbyshire area
A home in South Derbyshire costs 6.5x the local median salary — moderate, improving from a peak of 7.8x in 2021.
Average monthly rent · ONS Private Rental Index
Rental data shown for wider South Derbyshire area
Average monthly rent in South Derbyshire is £869, up 4.8% 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 South Derbyshire price of £219,995 with a 25% deposit (£55k), a 2-year fixed mortgage at 3.97% costs around £868 per month.
Monthly cost comparison based on current data
Uses DE2 avg. price with South Derbyshire rental data
Monthly mortgage payments (£868) are £1 less than renting (£869). However, buying requires an upfront deposit of £55k — it would take around 9 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, ISLA CLOSE, MICKLEOVER DE2 0AT | Semi-detached | £219,995 | 29 Aug 2019 |
The most recent recorded sale in DE2 was a semi-detached property on Isla Close for £219,995 in August 2019. Across the last 1 sales, the median price was £219,995.
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.