East Midlands

Area Guide For East Midlands

East Midlands Airport is an airport in the East Midlands of England, located at Castle Donington in North West Leicestershire. It lies between the cities of Derby, 7 nautical miles southeast, Leicester and Nottingham, all within a 20 mi (30 km) radius of the airfield. It serves primarily as an airport for the local inhabitants of the counties of Derbyshire, Nottinghamshire, Leicestershire, Staffordshire and South Yorkshire. Passenger numbers peaked in 2008 at 5.6 million, but declined by 25% to 4.2 million in 2011 making it the 12th busiest airport in the UK by passenger traffic. It was the second busiest UK airport for freight traffic in 2011. EMA has a CAA Public Use Aerodrome Licence (Number P520) that allows flights for the public transport of passengers or for flying instruction. The airport is owned by the Manchester Airports Group (MAG), the largest British-owned airport operator which is controlled by the ten metropolitan boroughs of Greater Manchester with Manchester retaining the controlling stake. The airport was originally a Royal Air Force station, RAF Castle Donington, which was decommissioned in 1946.


East Midlands Map

Estimated Price: £183,930
Average Asking Price: £365,746
Price change in last one year: £11,049
Average Price Paid: £163,866
Average Rent Rates: £1,906


Property Prices Breakdown in East Midlands

Average Price for property in East Midlands is around £183,930 which varies based on type of property you are interested in and ranges from £260,763 for detached house to around £151,648 for semi-detached. Similarly terraced house is around £123,474 and a flat is worth £120,090. Values have been changing and have risen £571 in last 3 months alone. Similar historical trend can be observed in price changes e.g. prices changed £2,637 in last 6 months, £11,049 in last 1 year, £19,985 in last 2 years, £21,331 in last 3 years, £19,627 in last 4 years and £16,880 in last 5 years.

Currently average asking price of a property in East Midlands is around £365,746 based on approximately 61,758 properties for sale. Same is the case with rental options based on 191,033 properties up for rent, average asking rent is around £1,906 per month.

Estimated property value in East Midlands is £183,930. Average asking price is £365,746 while average price paid is £171,432 which is up by £11,049 and Avg. asking rent £1,906.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 East Midlands area. In last 1 year alone average price buyer paid is around £171,432 based on approximately 61,758 sales in East Midlands area alone. If you compare it to last 3 years sales of 175,500 properties where buyers paid around £165,618. 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 £163,866 for 278,751 and average amount paid for purchase of approx. 378,251 properties sold in last 7 years comes to about £162,534 per sale.


Properties For Sale in East Midlands


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 1 bedroom is around £141,370, £158,208 for a 2 bedroom house, £227,243 for a 3 bedroom house, £409,622 for a 4 bedroom house and £705,693 for a 5 bedroom house. For a flat similarly the prices varies from £230,222 for a single bedroom to £324,190 for a 2 bedroom Flat. Same is the case with 3 bedroom flat £820,675, £1,712,274 for a 4 bedroom flat and £2,880,701 for a 5 bedroom flat. To sum up the asking prices for properties in East Midlands it comes to around average £215,673 for 1 bedroom property, £234,585 for 2 bedroom, £273,125 for 3 bedroom, £432,678 for 4 bedroom and £732,905 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 £722 for 1 bedroom to £841 for 2 bedrooms, £1,093 for 3 bedrooms, £1,753 for 4 bedrooms and £2,500 for 5 bedrooms house. But if you are interested in renting a 1 bedroom flat then rent per month can be around £1,173. As the no. of bedroom increase so will the rent e.g. for a 2 bedroom flat it will be around £1,661, £3,190 for 3 bedroom, £4,766 for 4 bedroom and around £5,540 for 5 bedroom flat. You should be generally be expecting around average £1,088 rent per month for single bedroom property, £1,407 for 2 bedroom, £1,713 for 3 bedroom, £2,180 for 4 bedroom and approximately £2,807 for a 5 bedroom property in East Midlands area.

Popular Houses in East Midlands

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.

Sold Properties in East Midlands

Areas in and around East Midlands