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House Prices in DH2 House Prices in DH2 (Chester Le Street)

The average house price in DH2 (Chester Le Street) is £198,870 using HM Land Registry data.

The average property price increased by £47,975 (4.95%) over the last 5 years and increased by £9,613 (0.87%) over the last 12 months.

Over the last year, there were 276 residential property sales – a decrease of 168 transactions (-60.87%) relative to the previous year. The majority of house sales (61) were in the £110,000 - £150,000 range. Then came properties in the £70,000 - £110,000 range, where 57 were sold within this price bracket.

Excluding fall throughs, properties are taking an average of 92 days to sell (from being listed to completion) and the average difference between asking and sold prices is £-3,829 (-2%).

In Dec 24, there were 34 new estate agency instructions, 22 agreed home sales and 29 property price reductions.

Nearby Postcodes: , DH1, DH3, DH4, DH6, DH7, DH8, DH9, DH97, DH98, DH99, DL13, DL15, DL16, NE11, NE15, NE16, NE21, NE37, NE38, NE39, NE4, NE8, NE82, NE85, NE88, NE9

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.

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).

Property Market Heat Gauge for DH2 (Chester Le Street) - Dec 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 81 to 100 days, the broad evidence suggests a very slow moving market. This can often be due to estate agency over-valuations out of sync with the realities, a notable market slowdown or a combination of both. In such scenarios, vendors may either choose to wait for the market to pick up (which may result in relisting the property at a later date). Those committed to selling will often need to drop the price to a level that will entice genuine homebuyer 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)

AddressInitial PriceSold PricePrice ChangeFirst Listed DateSold DateDays to Sell
31 Conyers Avenue, Chester Le Street, County Durham, DH2 2HH£170,000£167,000-£3,00017 Jul 202415 Nov 2024121 Days
165 Thorntons Close, Pelton, Chester Le Street, County Durham, DH2 1QH£145,000£138,000-£7,00008 Jul 202415 Nov 2024130 Days
58 Wynyard, Chester Le Street, County Durham, DH2 2TH£80,000£80,000£0027 Feb 202415 Nov 2024262 Days
13 Olive Street, Waldridge, Chester Le Street, County Durham, DH2 3SQ£130,000£125,000-£5,00016 May 202415 Nov 2024183 Days
2 Iris Crescent, Ouston, Chester Le Street, County Durham, DH2 1RJ£110,000£107,000-£3,00027 Jun 202415 Nov 2024141 Days
8 Pelaw Place, Chester Le Street, County Durham, DH2 2HL£189,950£187,500-£2,45002 Aug 202413 Nov 2024103 Days
8 Redesdale Road, Chester Le Street, County Durham, DH2 3HN£89,950£86,000-£3,95018 Jun 202408 Nov 2024143 Days
50 South Street, Chester Le Street, County Durham, DH2 2JG£105,000£100,000-£5,00018 Jun 202401 Nov 2024136 Days
18 Tanmeads, Nettlesworth, Chester Le Street, County Durham, DH2 3PY£190,000£170,000-£20,00031 Jul 202331 Oct 2024458 Days
21 Pelaw Avenue, Chester Le Street, County Durham, DH2 2HJ£150,000£148,253-£1,74713 Apr 202430 Oct 2024200 Days
66 Lesbury Close, Chester Le Street, County Durham, DH2 3SR£380,000£380,000£0012 Jul 202429 Oct 2024109 Days
21 Cartmel Court, Chester Le Street, County Durham, DH2 3UA£340,000£340,000£0013 Jun 202428 Oct 2024137 Days
68 The Oval, Ouston, Chester Le Street, County Durham, DH2 1RN£125,000£122,500-£2,50026 Jun 202428 Oct 2024124 Days
24 Rosecroft, Pelton, Chester Le Street, County Durham, DH2 1NL£219,995£217,000-£2,99531 Oct 202328 Oct 2024363 Days
58 Rydal Road, Chester Le Street, County Durham, DH2 3DT£250,000£249,000-£1,00012 Jul 202428 Oct 2024108 Days
2 Alford, Ouston, Chester Le Street, County Durham, DH2 1RT£200,000£200,000£0008 Jul 202425 Oct 2024109 Days
165 Auckland, Chester Le Street, County Durham, DH2 2UA£190,000£190,000£0030 May 202425 Oct 2024148 Days
6 Brinkburn, Chester Le Street, County Durham, DH2 2UB£140,000£135,000-£5,00001 Jun 202425 Oct 2024146 Days
10 South View, High Hold, Chester Le Street, County Durham, DH2 1PY£130,000£125,500-£4,50029 Apr 202424 Oct 2024178 Days
4 Prebend Row, Pelton, Chester Le Street, County Durham, DH2 1NH£280,000£260,000-£20,00023 Apr 202423 Aug 2024122 Days

Most Expensive Streets in DH2 (Chester Le Street)

PostcodeStreetAreaAverageNo. of Sales
DH2 3LDPlawsworth, Chester Le Street, County DurhamChester Le Street£522,7995
DH2 3UDHermitage Gardens, Chester Le Street, DurhamChester Le Street£445,0005
DH2 3ABWaldridge Road, Chester Le Street, County DurhamChester Le Street£404,8754
DH2 3TLDenwick Close, Chester Le Street, County DurhamChester Le Street£380,1119
DH2 3RHThe Oval, Chester MoorChester Le Street£369,0003
DH2 3SUFenwick Close, Chester Le Street, County DurhamChester Le Street£322,2005
DH2 2UHGraythwaite, Chester Le Street, DurhamChester Le Street£318,73013
DH2 3JQWarkworth Drive, Chester Le Street, DurhamChester Le Street£313,6663
DH2 3TEHauxley Drive, Chester Le Street, DurhamChester Le Street£312,6005
DH2 1LSTurnberry, OustonChester Le Street£301,2504

Least Expensive Streets in DH2 (Chester Le Street)

PostcodeStreetAreaAverageNo. of Sales
DH2 3LSAlbert Street, Grange VillaChester Le Street£36,9287
DH2 3LYPine Street, Grange VillaChester Le Street£40,4217
DH2 3LUQueen Street, Grange VillaChester Le Street£42,08611
DH2 3LRAlbert Street, Grange VillaChester Le Street£43,81311
DH2 3LPWest Street, Grange VillaChester Le Street£44,8754
DH2 3LWWest Street, Grange VillaChester Le Street£45,1254
DH2 3LXPine Street, Grange VillaChester Le Street£45,8839
DH2 3LTQueen Street, Grange VillaChester Le Street£46,1427
DH2 3LNEast Street, Grange VillaChester Le Street£46,2124
DH2 1DUErnest Street, PeltonChester Le Street£54,9254

Explore DH2 (Chester Le Street) using map

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