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House Prices in DL16 House Prices in DL16 (Ferryhill)

The average house price in DL16 (Ferryhill) is £142,576 using HM Land Registry data.

The average property price increased by £24,361 (15.45%) over the last 5 years and increased by £4,881 (2.51%) over the last 12 months.

Over the last year, there were 259 residential property sales – a decrease of 64 transactions (-24.71%) relative to the previous year. The majority of house sales (56) were in the £138,000 - £172,000 range. Then came properties in the £70,000 - £104,000 range, where 53 were sold within this price bracket.

Excluding fall throughs, properties are taking an average of 120 days to sell (from being listed to completion) and the average difference between asking and sold prices is £-4,428 (-3%).

In Dec 24, there were 20 new estate agency instructions, 22 agreed home sales and 14 property price reductions.

Nearby Postcodes: DH1, DH2, DH4, DH5, DH6, DH7, DH8, DH9, DL13, DL14, DL15, DL17, DL2, DL4, DL5, SR7, SR8, TS21, TS28, TS29

5-Year Average Property Prices in DL16 (Ferryhill)

15.45%

Property prices in Ferryhill increased by 15.45% 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 DL16 (Ferryhill) Over the Last Year

2.51%

Property prices in Ferryhill increased by 2.51% 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 DL16 (Ferryhill) - 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 DL16 (Ferryhill)

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 DL16 (Ferryhill)

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 DL16 (Ferryhill)

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 DL16 (Ferryhill) Postcode since 1995

Using HM Land Registry data, this chart displays average annual house prices in the DL16 postcode area since 1995.

Recent Sales in DL16 (Ferryhill)

AddressInitial PriceSold PricePrice ChangeFirst Listed DateSold DateDays to Sell
2 Shafto Street, Byers Green, Spennymoor, County Durham, DL16 7PX£95,000£85,000-£10,00011 Aug 202418 Nov 202499 Days
4 Ash Grove, Spennymoor, County Durham, DL16 7SR£115,000£100,000-£15,00015 Jul 202418 Nov 2024126 Days
2 The Paddock, Tudhoe Village, Spennymoor, County Durham, DL16 6YW£525,000£500,000-£25,00005 Jul 202411 Nov 2024129 Days
75 Weardale Street, Spennymoor, County Durham, DL16 6EP£99,950£95,000-£4,95028 Jun 202408 Nov 2024133 Days
46 Greenhills, Byers Green, Spennymoor, County Durham, DL16 7QJ£299,950£292,000-£7,95017 May 202401 Nov 2024168 Days
77 Parkside, Spennymoor, County Durham, DL16 6SA£180,000£180,000£0019 Jun 202418 Oct 2024121 Days
113 Parkside, Spennymoor, County Durham, DL16 6SA£159,900£159,900£0010 May 202411 Oct 2024154 Days
116 Durham Road, Spennymoor, County Durham, DL16 6SQ£105,000£105,000£0026 Jul 202409 Oct 202475 Days
37 Mayfields, Spennymoor, County Durham, DL16 6RW£140,000£140,000£0022 Mar 202409 Oct 2024201 Days
2 Rosa Street, Spennymoor, County Durham, DL16 7NA£110,000£108,000-£2,00016 Feb 202416 Aug 2024182 Days
11 Birchmere, Spennymoor, County Durham, DL16 6TU£159,950£159,950£0029 May 202407 Aug 202470 Days
20 Ash Grove, Spennymoor, County Durham, DL16 7SR£85,000£80,000-£5,00029 Nov 202302 Aug 2024247 Days
26 West Terrace, Spennymoor, County Durham, DL16 7BW£150,000£145,000-£5,00029 Apr 202402 Aug 202495 Days
5 Kentmere, Spennymoor, County Durham, DL16 6UB£184,950£184,950£0028 Mar 202429 Jul 2024123 Days
15 Osborne Road, Spennymoor, County Durham, DL16 7SL£137,500£129,500-£8,00016 Oct 202326 Jul 2024284 Days
37 Durham Road, Spennymoor, County Durham, DL16 6JN£94,950£94,950£0030 Nov 202319 Jul 2024232 Days
77 Attwood Terrace, Spennymoor, County Durham, DL16 6TE£269,950£249,500-£20,45005 Apr 202412 Jul 202498 Days
52 Bewick Way, Middlestone Moor, Spennymoor, County Durham, DL16 7GU£229,950£227,500-£2,45028 Mar 202401 Jul 202495 Days
11 Westerdale, Spennymoor, County Durham, DL16 6SD£110,000£104,500-£5,50028 Mar 202418 Jun 202482 Days
72 Central Drive, Spennymoor, County Durham, DL16 7DL£87,500£81,000-£6,50022 Mar 202411 Jun 202481 Days

Most Expensive Streets in DL16 (Ferryhill)

PostcodeStreetAreaAverageNo. of Sales
DL16 6LRSt Marys Grove, Tudhoe VillageFerryhill£443,3333
DL16 6NNEve Lane, SpennymoorFerryhill£420,80010
DL16 6FHSeven Hills Court, SpennymoorFerryhill£374,0005
DL16 7HGRidgeside, Kirk MerringtonFerryhill£319,6663
DL16 6PAHay Lane, SpennymoorFerryhill£310,3734
DL16 7HHNorth Close, Kirk MerringtonFerryhill£305,2416
DL16 7UNHolindale, SpennymoorFerryhill£282,3163
DL16 7LJWestmoor Close, SpennymoorFerryhill£280,0756
DL16 6LLTudhoe Lane, SpennymoorFerryhill£271,9833
DL16 6JYSt Charles Road, SpennymoorFerryhill£271,9157

Least Expensive Streets in DL16 (Ferryhill)

PostcodeStreetAreaAverageNo. of Sales
DL16 7TDCraddock Street, SpennymoorFerryhill£43,4795
DL16 6QJKing Street, SpennymoorFerryhill£45,9303
DL16 7SZCraddock Street, SpennymoorFerryhill£46,0007
DL16 7TPStratton Street, SpennymoorFerryhill£46,2996
DL16 7TACraddock Street, SpennymoorFerryhill£48,5744
DL16 6HPPearson Street, SpennymoorFerryhill£50,2857
DL16 6DRBrook Street, SpennymoorFerryhill£52,1007
DL16 6HTUpper Church Street, SpennymoorFerryhill£52,5003
DL16 7TBCraddock Street, SpennymoorFerryhill£53,4287
DL16 6AJJackson Street, SpennymoorFerryhill£54,1405

Explore DL16 (Ferryhill) using map

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