Introduction
This report contains the latest statistics on property prices, the time taken to sell, mortgage approvals and first-time buyer trends in Derby. We are including our own commentary and professional mortgage industry insights alongside the data to help give you a clearer understanding of developments within Derby’s mortgage market.
The report draws upon data from Land Registry, UK Finance, Rightmove and ONS.
While it is designed to be a useful resource, it is intended for informational purposes only. It is not a substitute for personalised advice that can be gained from a qualified, experienced mortgage specialist.
Derby Property and mortgage market summary
ONS figures place Derby’s average house price at around £205,000 for November 2025 (provisional), also broadly flat year on year. Average rents reached around £837 in November 2025, indicating ongoing rental pressure despite stabilising prices.
This aligns with broader UK trends with mortgage affordability improving gradually due to easing rates and wage growth, while rental costs remain elevated relative to incomes.
The average house price rose by 2.7% over the same period, across the East Midlands. And throughout the UK, properties sold for an average of £271,000, up from the average of £265,000 in November 2024.
First-time buyers paid an average of £183,000 for their new home in November 2025 (provisional) and this aligned with the average in November 2024.
Derby property prices
Throughout November 2025, the average price for a detached property in Derby was £313,000 and for a semi-detached property, homebuyers paid an average of £207,000. Terraced properties cost an average of £164,000 while flats and maisonettes stood at £109.
Derby mortgage market trends
Ollie’s Opinion
Derby is a quietly competitive market right now. People aren’t panicking – but when the right property comes up, they’re not hanging around either.
From a mortgage perspective, the biggest edge buyers can give themselves is certainty. Knowing how lenders will view your income and affordability before you offer makes all the difference.
A mortgage in principle (MIP) can give you clarity. It’s the most effective way to position yourself favourably when home-hunting and is particularly useful in a competitive market. It gives you a good indication of your borrowing capacity and therefore guides you on which properties are in your price range. Just as importantly, it shows estate agents and sellers you are serious.
There were around 64,500 UK mortgage approvals in November 2025, the lowest number in five months, though market predictions were surpassed.
Although the precise number of mortgage approvals in Derby is not available, the national data is typically a good indicator of what is happening on a local level.
