Property Data OutlookErewash
Data from Land Registry, ONS, Bank of England
Compare with another area →Market outlook for Erewash
Key indicators for buyers
The Erewash market looks favourable for buyers. Rising rents (£830/mo, +3.3%) mean the cost of waiting is real.
Price trends
Average sale prices · HM Land Registry / UK HPI
Affordability ratio
House price ÷ median earnings · ONS data
A home in Erewash costs 6.1x the local median salary — moderate, improving from a peak of 6.4x in 2022.
Rental trends
Average monthly rent · ONS Private Rental Index
Average monthly rent in Erewash is £830, up 3.3% year-on-year. Rents have risen consistently over the past five years.
Monthly mortgage
2yr fixed · 75% LTV · 25yr term · BoE avg. rate
Based on the average Erewash price of £218,706 with a 25% deposit (£55k), a 2-year fixed mortgage at 3.97% costs around £863 per month.
Rent vs buy snapshot
Monthly cost comparison based on current data
Monthly mortgage payments (£863) are £33 more than renting (£830). However, buying requires an upfront deposit of £55k — it would take around 9 years to recoup that cost compared to renting and investing the difference.
Recent sales
Latest transactions · HM Land Registry Price Paid Data
| Address | Type | Price | Date |
|---|---|---|---|
61, KEDLESTON DRIVE DE7 8UA | Detached | £220,000 | 23 Jan 2026 |
9, SPINNEY ROAD DE7 4LH | Semi-detached | £189,000 | 23 Jan 2026 |
4, HARROW DRIVE DE7 4QY | Terraced | £160,000 | 23 Jan 2026 |
8, DEVON STREET DE7 4AT | Semi-detached | £149,000 | 23 Jan 2026 |
26, MILLDALE ROAD, LONG EATON NG10 3HS | Semi-detached | £204,000 | 19 Jan 2026 |
25, SECOND AVENUE, RISLEY DE72 3SZ | Semi-detached | £220,000 | 19 Jan 2026 |
20, HADDON WAY, LONG EATON NG10 3EE | Flat/Maisonette |
Explore postcodes in Erewash
3postcode districts · Click for detailed prices
Data sources (all free & public): HM Land Registry Price Paid Data & UK House Price Index · ONS Housing Affordability Ratios · ONS Private Rental Index · Bank of England Quoted Household Interest Rates · HMRC Monthly Property Transactions
Contains HM Land Registry data © Crown copyright and database right 2021. This data is licensed under the Open Government Licence v3.0.