The top 5 most expensive places to live in the East Midlands
There’s much to explore in the East Midlands, whether you’re looking for historical attractions, nightlife or family-friendly activities, and beautiful countryside.
Major cities in this region include Nottingham and Derby.
The average property price was £281,231, but if you have a bigger budget, you may be able to afford one of the most desirable areas in this region.
Rightmove has revealed the priciest areas in the East Midlands, based on data as of May 2023.
Where are the most expensive places to buy in the East Midlands?
The areas with the highest property prices are Derbyshire and Nottinghamshire, which dominate four of the five top spots.
| Area | Average asking price |
|---|---|
| Hope Valley | £550,069 |
| Duffield | £510,843 |
| Ravenshead | £471,710 |
| Kirby Muxloe | £467,083 |
| The Park | £443,812 |
Hope Valley
You’ll need over half a million to buy a property in Hope Valley, Derbyshire, as it has an average asking price of £550,069.
The area is nestled in the Peak District, offering spectacular views on walks covering the Mam Tor and the Great Ridge.
Nearby villages include Castleton, Edale and Hathersage, while the nearest city, Sheffield, is 40 minutes away by bus.
Duffield
Duffield, a village in Derbyshire, has an average asking price of £510,843. It’s only a 10-minute train journey to the nearest city, Derby.
It’s located in the valley of the River Derwent, with many local restaurants and bars, and is a short drive from the Peak District.
Ravenshead
Ravenshead is an affluent village that’s part of Nottinghamshire’s Hidden Valleys area, meaning it is an area of interesting historical and scenic value.
The average asking price in Ravenshead is £471,710, with nearby attractions including Newstead Abbey. It takes less than an hour to get to Nottingham by public transport.
Kirby Muxloe
Kirby Muxloe is the only place on this list outside Derbyshire and Nottinghamshire. The village in Leicestershire has an average asking price of £467,083.
Local attractions include Kirby Muxloe Castle and Tropical Birdland, while Leicester is only a 20-minute journey by bus.
The Park Estate
Finally, The Park Estate, a private residential housing estate in Nottingham, has an average asking price of £443,812.
The estate is known for its Victorian architecture, with many houses standing for centuries, and is only a 15-minute walk from the city centre.
Buying a home is a huge decision you shouldn’t make alone.
It’s worth talking to a mortgage broker to make sure you get the best deal based on your personal circumstances.
See also:
The cheapest places to live in the East Midlands
The most expensive places to live in the West Midlands
The cheapest places to live in the West Midlands
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