Derbyshire Dales house prices increased slightly in December

General view of estate agents signs outside a block of flats in Basingstoke, Hampshire.General view of estate agents signs outside a block of flats in Basingstoke, Hampshire.
General view of estate agents signs outside a block of flats in Basingstoke, Hampshire.
House prices increased slightly, by 0.5%, in Derbyshire Dales in December, new figures show.

House prices increased slightly, by 0.5%, in Derbyshire Dales in December, new figures show.

But the rise does not reverse the longer-term trend, which has seen property prices in the area suffer a 2.7% annual decline.

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The average Derbyshire Dales house price in December was £335,739, Land Registry figures show – a 0.5% increase on November.

Over the month, the picture was different to that across the East Midlands, where prices increased 1.6%, but Derbyshire Dales was above the 0.1% rise for the UK as a whole.

Over the last year, the average sale price of property in Derbyshire Dales fell by £9,200 – putting the area 25th among the East Midlands’s 35 local authorities with price data for annual growth.

The highest annual growth in the region was in Broxtowe, where property prices increased on average by 5.4%, to £261,000. At the other end of the scale, properties in Lincoln lost 7.7% of their value, giving an average price of £174,000.

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First steps on the property ladder

First-time buyers in Derbyshire Dales spent an average of £276,400 on their property – £7,800 less than a year ago, but £62,800 more than in December 2018.

By comparison, former owner-occupiers paid £368,900 on average in December – 33.5% more than first-time buyers.

Property types

Owners of semi-detached houses saw the biggest rise in property prices in Derbyshire Dales in December – they increased 0.9%, to £309,538 on average. Over the last year, prices dropped by 1.7%.

Among other types of property:

  • Detached: up 0.4% monthly; down 2.3% annually; £479,926 average
  • Terraced: up 0.3% monthly; down 4% annually; £256,796 average
  • Flats: up 0.8% monthly; down 3.7% annually; £187,980 average

How do property prices in Derbyshire Dales compare?

Buyers paid 35.2% more than the average price in the East Midlands (£248,000) in December for a property in Derbyshire Dales. Across the East Midlands, property prices are lower than those across the UK, where the average cost is £285,000.

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The most expensive properties in the East Midlands were in Rutland – £397,000 on average, and 1.2 times the price as in Derbyshire Dales. Rutland properties cost 2.3 times the price as homes in Lincoln (£174,000 average), at the other end of the scale.

The highest property prices across the UK were in Kensington and Chelsea.

Factfile

Average property price in December

  • Derbyshire Dales: £335,739
  • The East Midlands:£248,390
  • UK: £284,691

Annual change to December

  • Derbyshire Dales: -2.7%
  • The East Midlands: -1%
  • UK: -1.4%

Highest and lowest annual growth in the East Midlands

  • Broxtowe: +5.4%
  • Lincoln: -7.7%