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House Prices in DH2

The average house price in DH2 (Chester Le Street) is £175,333 using HM Land Registry data.

The average property price increased by £49,946 (4.95%) over the last 5 years and increased by £10,007 (0.87%) over the last 12 months.

Over the last year, there were 259 residential property sales – a decrease of 207 transactions (-79.92%) relative to the previous year. The majority of house sales (59) were in the £108,000 - £146,000 range. Then came properties in the £70,000 - £108,000 range, where 50 were sold within this price bracket.

Excluding fall throughs, properties are taking an average of 67 days to sell (from being listed to completion) and the average difference between asking and sold prices is £-3,564 (-2%).

In Oct 24, there were 53 new estate agency instructions, 48 agreed home sales and 29 property price reductions.

5-Year Average Property Prices in DH2 (Chester Le Street)

4.95%

Property prices in Chester Le Street increased by 4.95% in last 5 years.

The trend shows the general price tendency over the last 5 years, ignoring all month-to-month fluctuations where anomalies - typically over or underpriced property sales - can skew results. These monthly variations typically do not have any long-term relevance.

We have used linear regression method. The volume of sales in a month is used to put more weight on months with a larger number of properties sold. Additionally, weighting decreases the impact of months with low sales volumes as well as the most recent month - which may consist of incomplete data. Such months have a higher variation of average sale values which may conceal the underlying trend.

From a statistical perspective, we use the least squares method to fit the trend line and weights are equal to the volume of sales squared. The volume of sales is not shown explicitly in the above plot. Also note the time lag for HM Land Registry data to appear (typically 2 to 3 months).

Average Property Prices in DH2 (Chester Le Street) Over the Last Year

0.87%

Property prices in Chester Le Street increased by 0.87% in last 12 months.

The trend shows the general price tendency over the last 12 months, ignoring all month-to-month fluctuations where anomalies - typically over or underpriced property sales - can skew results. These monthly variations typically do not have any long-term relevance.

Property Market Heat Gauge for DH2 (Chester Le Street) - Oct 24

Our Property Market Heat Gauge looks at how long properties in your postcode district have been on the open market before being changed to sold 'Subject to Contract' ('STC') or 'Under Offer' on Rightmove (the UK's leading property portal).

At 61 to 80 days, the broad evidence suggests a slow moving market. This can often be due to estate agency over-valuations out of sync with the realities, a market slowdown or a combination of both. In such scenarios, some vendors may either choose to wait for the market to pick up (which may result in some relisting the property at a later date). Others simply reduce the price to a level that will entice more buyer interest or approach a sell house fast or auction company like Property Solvers.

Please note that this is not an indicator of how quickly property sales are taking to complete (i.e. to go through the whole conveyancing process). This measurement also does not take into account the risk of home sales falling through.

No. of New Instructions Over the Last 12 Months in DH2 (Chester Le Street)

Using local estate agency reported data, this chart illustrates the number of properties that have come on to the market.

No. of Agreed Home Sales Over the Last 12 Months in DH2 (Chester Le Street)

Using local estate agency reported data, this chart illustrates the number of property sales agreed. Note that these figures are not fully reflective of properties completed (sold and registered as such at HM Land Registry).

No. of Properties with Price Reductions in DH2 (Chester Le Street)

Using local estate agency reported data, this chart illustrates the number of properties which have been seen their prices dropped (typically due to a lack of buyer interest).

Average Annual House Prices in the DH2 (Chester Le Street) Postcode since 1995

Using HM Land Registry data, this chart displays average annual house prices in the DH2 postcode area since 1995.

Recent Sales in DH2 (Chester Le Street)

Address	Initial Price	Sold Price	Price Change	First Listed Date	Sold Date	Days to Sell
4 Prebend Row, Pelton, Chester Le Street, County Durham, DH2 1NH	£280,000	£260,000	-£20,000	23 Apr 2024	23 Aug 2024	122 Days
150 Thorntons Close, Pelton, Chester Le Street, County Durham, DH2 1QJ	£129,950	£129,950	£00	12 Jun 2024	21 Aug 2024	70 Days
17 Glen Barr, Chester Le Street, County Durham, DH2 2JN	£245,000	£243,000	-£2,000	01 May 2024	21 Aug 2024	112 Days
33 Meadow Drive, Chester Le Street, County Durham, DH2 2XA	£320,000	£318,000	-£2,000	05 Apr 2024	13 Aug 2024	130 Days
11 Embleton Drive, Chester Le Street, County Durham, DH2 3JS	£375,000	£355,000	-£20,000	03 May 2024	09 Aug 2024	98 Days
11 Melbeck Drive, Ouston, Chester Le Street, County Durham, DH2 1TL	£230,000	£230,000	£00	22 Feb 2024	08 Aug 2024	168 Days
40 Graythwaite, Chester Le Street, County Durham, DH2 2UH	£320,000	£310,000	-£10,000	19 Oct 2023	29 Jul 2024	284 Days
7 Barbary Close, Pelton, Chester Le Street, County Durham, DH2 1EL	£120,000	£120,000	£00	28 Jan 2024	26 Jul 2024	180 Days
16 Arisaig, Ouston, Chester Le Street, County Durham, DH2 1RQ	£200,000	£195,000	-£5,000	23 Dec 2023	15 Jul 2024	205 Days
20 Thornton Lea, Pelton, Chester Le Street, County Durham, DH2 1UN	£187,500	£182,000	-£5,500	26 Feb 2024	12 Jul 2024	137 Days
11 Briar Close, Kimblesworth, Chester Le Street, County Durham, DH2 3QH	£132,000	£128,000	-£4,000	19 Dec 2023	28 Jun 2024	192 Days
19 Henley Avenue, Pelton Fell, Chester Le Street, County Durham, DH2 2PP	£65,000	£65,000	£00	30 Nov 2023	28 Jun 2024	211 Days
9 The Parade, Pelton, Chester Le Street, County Durham, DH2 1NF	£135,000	£129,000	-£6,000	01 Dec 2023	27 Jun 2024	209 Days
23 Hilda Park, Chester Le Street, County Durham, DH2 2JP	£200,000	£200,000	£00	21 Dec 2023	21 Jun 2024	183 Days
100 Middleham Close, Ouston, Chester Le Street, County Durham, DH2 1TB	£225,000	£208,500	-£16,500	25 Jan 2024	13 Jun 2024	140 Days
4 Brinkburn, Chester Le Street, County Durham, DH2 2UB	£114,000	£110,000	-£4,000	21 Nov 2023	07 Jun 2024	199 Days
18 Chatton Close, Chester Le Street, County Durham, DH2 3HU	£150,000	£146,000	-£4,000	06 Dec 2023	07 Jun 2024	184 Days
9 Middleham Close, Ouston, Chester Le Street, County Durham, DH2 1TA	£245,000	£242,000	-£3,000	29 Feb 2024	22 May 2024	83 Days
16 Cherrytree Road, Chester Le Street, County Durham, DH2 2LP	£189,950	£185,000	-£4,950	16 Nov 2023	17 May 2024	183 Days
28 Provident Street, Pelton, Chester Le Street, County Durham, DH2 1NS	£87,500	£85,000	-£2,500	06 Nov 2023	17 May 2024	193 Days

Most Expensive Streets in DH2 (Chester Le Street)

Postcode	Street	Area	Average	No. of Sales
DH2 3LD	Plawsworth, Chester Le Street, County Durham	Chester Le Street	£522,799	5
DH2 3AB	Waldridge Road, Chester Le Street, County Durham	Chester Le Street	£404,875	4
DH2 3TL	Denwick Close, Chester Le Street, County Durham	Chester Le Street	£380,111	9
DH2 3UD	Hermitage Gardens, Chester Le Street, Durham	Chester Le Street	£375,751	5
DH2 3SU	Fenwick Close, Chester Le Street, County Durham	Chester Le Street	£331,500	4
DH2 2UH	Graythwaite, Chester Le Street, Durham	Chester Le Street	£318,730	13
DH2 3JQ	Warkworth Drive, Chester Le Street, Durham	Chester Le Street	£313,666	3
DH2 3TE	Hauxley Drive, Chester Le Street, Durham	Chester Le Street	£312,600	5
DH2 1LS	Turnberry, Ouston	Chester Le Street	£301,250	4
DH2 3ST	Falstone Drive, Chester Le Street, Durham	Chester Le Street	£287,400	5

Least Expensive Streets in DH2 (Chester Le Street)

Postcode	Street	Area	Average	No. of Sales
DH2 3LS	Albert Street, Grange Villa	Chester Le Street	£36,928	7
DH2 3LY	Pine Street, Grange Villa	Chester Le Street	£38,743	8
DH2 3LW	West Street, Grange Villa	Chester Le Street	£41,500	5
DH2 3LU	Queen Street, Grange Villa	Chester Le Street	£42,086	11
DH2 3LR	Albert Street, Grange Villa	Chester Le Street	£42,273	13
DH2 3LT	Queen Street, Grange Villa	Chester Le Street	£43,937	8
DH2 3LX	Pine Street, Grange Villa	Chester Le Street	£44,772	9
DH2 3LP	West Street, Grange Villa	Chester Le Street	£44,875	4
DH2 3LN	East Street, Grange Villa	Chester Le Street	£46,212	4
DH2 1DU	Ernest Street, Pelton	Chester Le Street	£54,925	4