Area Guide For Derry

Derry or Londonderry is the second-biggest city in Northern Ireland and the fourth-biggest city on the island of Ireland. The name Derry is an anglicisation of the Irish name Doire or Doire Cholmcille, (Old Irish "Dhoire") meaning "oak-wood of Colmcille". In 1613, the city was granted a Royal Charter by King James I and the "London" prefix was added, changing the name of the city to Londonderry. While the city is more usually known as Derry, Londonderry is also used and remains the legal name. The old walled city lies on the west bank of the River Foyle, which is spanned by two road bridges and one footbridge. The city now covers both banks (Cityside on the west and Waterside on the east). The city district also extends to rural areas to the southeast. The population of the city proper (the area defined by its 17th-century charter) was 83,652 in the 2001 Census, while the Derry Urban Area had a population of 90,663. The Derry City Council area had a population of 107,300 as of June 2006. The district is administered by Derry City Council and contains both Londonderry Port and City of Derry Airport. The Greater Derry area, that area within about 20 miles (32 km) of the city, has a


Derry Map

Estimated Price: £152,264
Average Asking Price: £259,133
Price change in last one year: £8,567
Average Price Paid: £113,500
Average Rent Rates: £586


Property Prices Breakdown in Derry

Average Price for property in Derry is around £152,264 which varies based on type of property you are interested in and ranges from £202,544 for detached house to around £128,079 for semi-detached. Similarly terraced house is around £99,794 and a flat is worth £104,660. Values have been changing and have risen £232 in last 3 months alone. Similar historical trend can be observed in price changes e.g. prices changed £1,374 in last 6 months, £8,567 in last 1 year, £15,554 in last 2 years, £14,813 in last 3 years, £6,393 in last 4 years and £254 in last 5 years.

Currently average asking price of a property in Derry is around £259,133 based on approximately 1 properties for sale. Same is the case with rental options based on 4 properties up for rent, average asking rent is around £586 per month.

Estimated property value in Derry is £152,264. Average asking price is £259,133 while average price paid is £113,500 which is up by £8,567 and Avg. asking rent £586.Based on an Online Survey

Buyers are willing to pay high dollar prices to grab these properties because of the recent trend in real estate investment especially in Derry area. In last 1 year alone average price buyer paid is around £113,500 based on approximately 1 sales in Derry area alone. If you compare it to last 3 years sales of 1 properties where buyers paid around £113,500. It has been same for some time now for e.g. if you take an average of amount paid in last 5 years, it comes to around £113,500 for 1 and average amount paid for purchase of approx. 1 properties sold in last 7 years comes to about £113,500 per sale.


Properties For Sale in Derry


Breakdown of asking prices for homes of different sizes show that price varies clearly based on no of bedrooms and type of house. Asking price for a house with 2 bedroom is around £44,250, £102,627 for a 3 bedroom house, £173,691 for a 4 bedroom house and £198,475 for a 5 bedroom house. For a flat similarly the prices varies from £28,750 for a single bedroom to £88,725 for a 2 bedroom Flat. To sum up the asking prices for properties in Derry it comes to around average £28,750 for 1 bedroom property, £73,900 for 2 bedroom, £102,627 for 3 bedroom, £173,691 for 4 bedroom and £198,475 for a 5 bedroom property.

Rent per calendar month varies similarly based on type and size of the house. If you look at the rents per month for houses alone it can vary from £477 for 2 bedroom to £329 for 3 bedroom and £1,040 for 4 bedroom. But if you are interested in renting a 2 bedroom flat then rent per month can be around £498. You should be generally be expecting around average £488 rent per month for 2 bedroom property, £329 for 3 bedroom and approximately £1,040 for 4 bedroom property in Derry area.

Popular Houses in Derry

Disclaimer : Location real estate estimates and values are based on House price index background data and Sales data provided by United Kingdom Land registry Records available as public records from their website. This information is updated monthly on our website and may not reflect all public transactions. This information is based on estimated calculation generated from our developed algorithms. We are striving to make this information as accurate and useful as possible. This data covers the transactions received at Land Registry in the period 1/1/1995 to 9/1/2014. © Crown copyright 2014. Data produced by Land Registry © Crown copyright 2014.

Areas in and around Derry