Thursday, 11 June 2015

A few facts about the property market in Duffield





A landlord who has invested in rental properties throughout Derbyshire asked me about the property market in her home village of Duffield.

Now Duffield is in the Amber Valley district of Derbyshire, mid-way between Derby and Belper. It is centred on the western bank of the River Derwent at the mouth of the River Ecclesbourne. It is within the Derwent Valley Mills World Heritage Area and its elevated northern parts, remarkably, are the southern foothills of the Pennines. There is a popluation of some 5,000 plus people, with the arrival of Rolls-Royce in Derby, in the 1910s bringing further expansion to the area, helping to swell the population and in 1957 The Ecclesbourne School was founded, when George Wimpey, the building developer, built new estates, raising the population to around 5000. One was between Wirksworth Road and the River Ecclesbourne. The other was to the south of Wirksworth Road, extending New Zealand Lane and the previously privately maintained Broadway. The attraction of the village for housebuyers centres on this successful secondary school.

When we looked at the property figures though, what we found out about the village was quite interesting. The average value of a property in Duffield is £350,800, which is just £100,000 above the average of its neighbouring village of Little Eaton. The most expensive street in Duffield is Rigga Lane where an average property is worth in excess of £850,000, ironically on the edge of Duffied – on the way to Little Eaton. Only 3 properties out of the 11 properties have been sold since the summer of 1995.

The most expensive property was Outwoods House, The Outwoods, Duffield, which sold for £1,800,000 in 2014. The average rent in the village over the last 3 years has been £650 per month. Only 61 people have sold their property in Duffield, in the last 12 months, according to the Land Registry.

If you would like to come and discuss property in the area, you are welcome to visit our office in or call me today!

 

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