Derby Terraced houses .. why a 7% difference to Burton makes all the difference.

I was talking to one of my landlords from Stanton by Bridge the other week, when we were looking over a few properties that he was considering to buy in Derby or Burton. As we cover both towns from our offices in Derby and Burton, I was able to discuss the two towns in depth. We started to notice an interesting pattern in the house prices between the two towns. Derby has always been a more expensive town to buy in comparison to Burton, but depending on what type of property you buy, there are some fascinating differences.

Let's start with flats in Burton, the average value of is £109,500 whilst in Derby they are identically priced at £109,400. Next, detached houses in Burton , the average value is around £259,600 whilst in our city of Derby , they are £256,200 (1.3% less). Semi detached houses in Burton are £150,100 whilst in Derby, they are 5.2% lower at £142,400. So nothing out of the ordinary so far. However, when we look at terraced houses, you might expect them to be around 5% to 10% lower in Derby looking at the trends above. Quite the opposite, a terraced house in Burton is £102,300 whilst in Derby they are 9.8% higher at £112,600. It just goes to show, one has to look deeper into the figures to judge which town’s property market is performing better.

So why the differences? Well after investigating, it transpires that in Derby, there are proportionally 7% less terraced houses than Burton. These different housing provisions in the two towns just go to show that you need to know your marketplace and decide which is the best area for your money. If you want to rent to young professionals, then Derby might be the better bet..... the choice is yours.

If you would like to discuss anything in more detail, we're certainly more than happy for you to pop in and see us at our office's on St. James’s Street for a chat.

Call me at our office on: 01332 366171

Visit the website:  www.pplets.co.uk