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Derry property guide

BT47 vs BT48 house prices: what the postcodes really tell you

BT47 and BT48 split Derry roughly along the River Foyle: BT48 covers the Cityside and areas such as Rosemount and Culmore, while BT47 covers the Waterside and a broad band of suburbs and townlands beyond it. Homeowners often ask which side is "worth more" — but the honest answer is that the property mix inside each district drives the averages far more than the postcode itself.

The Derry baseline both postcodes share

Both districts sit inside Derry City and Strabane, where the official UK House Price Index puts the all-property average at £185,356 for Q1 2026, with annual growth of 10.2%. That single number hides big differences by property type. Typical Derry prices right now, drawn from those official figures: detached around £286,716, semi-detached around £188,390, terraces around £133,708, and apartments around £130,939.

Why the mix matters more than the postcode

A postcode district with a higher share of detached homes will look stronger on paper even when the underlying market is moving at the same pace. BT47 contains large suburban and rural-edge detached stock alongside Waterside terraces and semis. BT48 spans dense Cityside terraces, apartments near the river, and detached homes around Culmore. Comparing the two districts without holding property type constant tells you about housing stock, not about value growth.

How to compare like with like

  • Compare your home against the typical price for its property type, not the district average.
  • A BT48 terrace is better compared with the typical terrace price (£133,708) than with a BT47 semi.
  • A detached home in either district should start from the typical detached price (£286,716) and adjust for condition, site, and finish.
  • The 10.2% rise in the last year is Derry-wide context across all property types, not a per-street promise.

Getting past the average

The useful question is not "BT47 or BT48?" but where your own home sits inside its property-type band. Condition, parking, gardens, extensions, and street position move individual homes above or below the composite. A free guide estimate narrowed by postcode, house number, and property type is the practical first step before any agent conversation.