House hunters in Derby and the wider UK may well find the property market to be a daunting, potentially volatile sector to understand.
A new property report has been released that ranks all neighbourhoods in Derby in the Derbyshire region.
The listing is based on property price reduction over a yearly period.
This means the ranking could be a starting point for house hunters who are exploring a move to Derby.
Online Marketing Surgery and BLG Development Finance created a House Price Change Report, which helped rank neighbourhoods in Derby based on their house price percentage change from September 2023 to September 2024.
Prices detailed are median property prices and the percentage decrease from September 2023 to September 2024.
Here are the top 10 neighbourhoods in Derby with the highest decrease in property prices.
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1. Castleward
Castleward (pictured) shares the number 1 ranking with Rose Hill. Property price in these areas in September 2023 was £178,000. Property price in September 2024 was £142,500. Percentage decrease is 19.9%. | Google
2. Sinfin
Property price in September 2023 was £220,000. Property price in September 2024 was £194,000. Percentage decrease is 11.8%. | Google
3. Darley Abbey
Property price in September 2023 was £298,000. Property price in September 2024 was £274,500. Percentage decrease is 7.9%. | Google
4. Little Chester
Property price in September 2023 was £162,500. Property price in September 2024 was £150,000 Percentage decrease is 7.7%. | Google