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House Prices in DL16 House Prices in DL16 (Ferryhill)

The average house price in DL16 (Ferryhill) is £180,618 using HM Land Registry data.

The average property price increased by £25,860 (15.45%) over the last 5 years and increased by £5,182 (2.51%) over the last 12 months.

Over the last year, there were 223 residential property sales – a decrease of 131 transactions (-58.74%) relative to the previous year. The majority of house sales (48) were in the £96,000 - £132,000 range. Then came properties in the £132,000 - £168,000 range, where 41 were sold within this price bracket.

Excluding fall throughs, properties are taking an average of 46 days to sell (from being listed to completion) and the average difference between asking and sold prices is £-4,042 (-3%).

In Oct 24, there were 23 new estate agency instructions, 32 agreed home sales and 27 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) - 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 41 to 60 days, the broad evidence suggests that the market is reasonably slow moving. Although some sellers in your postcode may be willing to wait up to 9 weeks, this data would suggest that estate agents may be overvaluing properties. In such scenarios, some vendors may either choose to wait for the market to pick up (which may result in 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 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 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
11 Beckwith Close, Kirk Merrington, Spennymoor, County Durham, DL16 7HE£220,000£211,000-£9,00007 Feb 202410 Jun 2024124 Days
42 St Davids Close, Spennymoor, County Durham, DL16 6SZ£95,000£92,000-£3,00016 Feb 202407 Jun 2024112 Days
2 Carr Street, Spennymoor, County Durham, DL16 6AY£89,950£85,000-£4,95020 Jan 202407 Jun 2024139 Days
16 Rushmoor, Spennymoor, County Durham, DL16 6NX£105,000£102,000-£3,00022 Mar 202407 Jun 202477 Days
53 Kirkdale, Spennymoor, County Durham, DL16 6UH£114,000£112,000-£2,00020 Feb 202431 May 2024101 Days
24 Troutbeck Close, Spennymoor, County Durham, DL16 6XN£109,950£107,000-£2,95006 Nov 202317 May 2024193 Days
11 Oakdene Terrace, Spennymoor, County Durham, DL16 7BA£85,000£85,000£0026 Jan 202414 May 2024109 Days
35 Tudhoe Moor, Spennymoor, County Durham, DL16 6EY£95,000£90,000-£5,00021 Feb 202410 May 202479 Days
183 Durham Road, Spennymoor, County Durham, DL16 6JU£115,000£115,000£0015 Feb 202409 May 202484 Days

Most Expensive Streets in DL16 (Ferryhill)

PostcodeStreetAreaAverageNo. of Sales
DL16 6LRSt Marys Grove, Tudhoe VillageFerryhill£443,3333
DL16 6NNEve Lane, SpennymoorFerryhill£401,80010
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 7SZCraddock Street, SpennymoorFerryhill£43,9938
DL16 7TDCraddock Street, SpennymoorFerryhill£44,3504
DL16 6QJKing Street, SpennymoorFerryhill£45,9303
DL16 7TPStratton Street, SpennymoorFerryhill£46,2996
DL16 6HPPearson Street, SpennymoorFerryhill£46,8748
DL16 7TACraddock Street, SpennymoorFerryhill£48,5744
DL16 7TWStratton Street, SpennymoorFerryhill£49,9994
DL16 7TBCraddock Street, SpennymoorFerryhill£50,8128
DL16 6AJJackson Street, SpennymoorFerryhill£51,0336
DL16 6HTUpper Church Street, SpennymoorFerryhill£52,5003

Explore DL16 (Ferryhill) using map

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