Chesterfield Buy-to-Let Guide

According to the HM Land Registry UK House Price Index, the average Chesterfield property price is £198,281. In comparison, the UK property price average was £292,882. This makes Chesterfield around 38% cheaper than the national average.

In addition, the average property price in Derbyshire – according to the same statistics – is £235,422. Therefore, Chesterfield arguably offers some of the best-value properties in the county.

According to Rightmove, the most popular properties in Chesterfield are semi-detached houses.

If we look at the Land Registry HPI property type breakdown, we can see that detached properties in Chesterfield cost £307,004 on average, semi-detached homes cost £186,358, terraced properties cost £145,512, and flats cost £111,606.

Chesterfield saw slow property growth of 1.90% over the last year (August 2022 – August 2023). However, this is still ahead of the UK price growth of 0.80%.

Learn more: If you want to find out about buying a property through a limited company or how to make money with property, take a look at some of our latest guides and insights.

S40

The S40 postcode includes:

• Chesterfield town centre
• Brampton
• Birdholme
• Boythorpe

The S40 area is suitable for a wide demographic of tenants, as there are plenty of local amenities and things to do in Chesterfield town centre. The area is well connected via road and train links, offering easy access to major UK cities such as Sheffield and Nottingham. Some of the cheapest rents in Chesterfield can be found in this postcode.

Average Property Price in S40

The average property price in S40 is £230,512.

Average Rental Yield in S40

The average rental yield in S40 is 3.61%.

The S42 postcode includes:

• Brimington
• Barlborough
• Clowne
• Inkersall Green
• Staveley
• Barrow Hill
• Hollingwood
• Poolsbrook
• Staveley
• Mastin Moor

S42 offers some good-value investment opportunities for savvy buy-to-let investors. Villages like Staveley offer independent shopping, schools, churches and more. The area has plenty of scenic walks, attracting people who love the outdoors. It is well-connected to the wider region via road, thanks to the M1 and A61. The local Endcliffe train station offers direct access to Manchester Piccadilly, Sheffield and Chesterfield. Read more about how to get into Property with the RWinvest guidebook or why not view the type of apartments for sale Liverpool has to offer?

Average Property Price in S42

The average property price in S42 is £254,723.

Average Rental Yield in S42

The average rental yield in S42 is 3.69%.

New-build developments are gaining more interest as property investment opportunities. Although they are generally more expensive than older properties, new-builds are growing in popularity as they tend to be cheaper in terms of maintenance in the long run and are more appealing to potential tenants. But, as a smaller town, there seems to be less scope for new build investments in Chesterfield.

The Chesterfield Borough Council have been working on new-build council homes. Private developers in the area have also been delivering houses, but it seems there are not many opportunities to invest in new-build apartments in Chesterfield as opposed to the property market in London.

Chesterfield offers below-average property prices compared to the national average, which may tempt some buy-to-let investors into considering purchasing property in the area. If you’re interested in Midlands property investment, it may also be worth taking a look at investment properties for sale in Birmingham.

However, investors should consider other areas with good-value properties with stronger rental yields, such as Liverpool.

Properties to buy in Liverpool are typically more affordable. This North West city has an average property price of £179,129, slightly lower than Chesterfield. However, the average rent is £1,083 PCM (according to Home.co.uk), giving an average rental yield of 7.2%.

As an investor, the city is similar in price to Chesterfield but offers a far superior ROI.