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Chester-le-Street House Prices Chester-le-Street House Prices

The average house price in Chester-le-Street is £185,774 using HM Land Registry data.

The average property price increased by £19,209 (10.89%) over the last 5 years and increased by £3,848 (2.01%) over the last 12 months.

Over the last year, there were 251 residential property sales – a decrease of 83 transactions (-33.07%) relative to the previous year. The majority of house sales (61) were in the £128,000 - £176,000 range. Then came properties in the £80,000 - £128,000 range, where 56 were sold within this price bracket.

Excluding fall throughs, properties are taking an average of 95 days to sell (from being listed to completion) and the average difference between asking and sold prices is £-4,685 (-2%).

In January 2025, there were 48 new estate agency instructions, 38 agreed home sales and 37 property price reductions.

Neighbouring Areas: Washington, Birtley, Pelton and Ouston

Postcodes Covered: DH2, DH3, NE38

5-Year Average Property Prices in Chester-le-Street

10.89%

Property prices in Chester-le-Street increased by 10.89% 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 Chester-le-Street Over the Last Year

2.01%

Property prices in Chester-le-Street increased by 2.01% 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 Chester-le-Street - January 2025

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 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 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 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 Chester-le-Street since 1995

Using HM Land Registry data, this chart displays average annual house prices in the Chester-le-Street area since 1995.

Recent Property Sales in Chester-le-Street

AddressInitial PriceSold PricePrice ChangeFirst Listed DateSold DateDays to Sell
5 Queensmere, Chester Le Street, County Durham, DH3 4DA£285,000£280,000-£5,00001 Jul 202417 Dec 2024169 Days
2 Union Court, Chester Le Street, County Durham, DH3 3PA£74,950£67,000-£7,95017 Nov 202216 Dec 2024760 Days
78 Bullion Lane, Chester Le Street, County Durham, DH2 2DR£115,000£105,000-£10,00029 Aug 202413 Dec 2024106 Days
2 Long Burn Drive, Chester Le Street, County Durham, DH2 2XE£295,000£295,000£006 Jul 202409 Dec 2024156 Days
20 Brinkburn, Chester Le Street, County Durham, DH2 2UB£130,000£130,000£010 Aug 202409 Dec 2024121 Days
23 Hermitage Gardens, Chester Le Street, County Durham, DH2 3UD£425,000£415,000-£10,00020 Mar 202406 Dec 2024261 Days
Hacienda, Pelton Fell Road, Chester Le Street, County Durham, DH2 2AG£425,000£395,000-£30,00009 Feb 202406 Dec 2024301 Days
27 Embleton Drive, Chester Le Street, County Durham, DH2 3JS£270,000£270,000£024 Jun 202429 Nov 2024158 Days
20 Cooperative Street, Chester Le Street, County Durham, DH3 3EX£90,000£85,000-£5,00019 Jun 202425 Nov 2024159 Days
18 Highfield Gardens, Chester Le Street, County Durham, DH3 3UL£230,000£220,000-£10,00009 Jan 202421 Nov 2024317 Days
41 Cotswold Avenue, Chester Le Street, County Durham, DH2 3BP£120,000£118,000-£2,00019 Apr 202418 Nov 2024213 Days
172 Highfield Rise, Chester Le Street, County Durham, DH3 3UY£270,000£262,000-£8,00002 Apr 202415 Nov 2024227 Days
31 Conyers Avenue, Chester Le Street, County Durham, DH2 2HH£170,000£167,000-£3,00017 Jul 202415 Nov 2024121 Days
58 Wynyard, Chester Le Street, County Durham, DH2 2TH£80,000£80,000£027 Feb 202415 Nov 2024262 Days
24 Grasmere Road, Chester Le Street, County Durham, DH2 3DL£190,000£190,000£018 Apr 202415 Nov 2024211 Days
159 Hilda Park, Chester Le Street, County Durham, DH2 2JS£169,950£157,500-£12,45027 Aug 202415 Nov 202480 Days
8 Pelaw Place, Chester Le Street, County Durham, DH2 2HL£189,950£187,500-£2,45002 Aug 202413 Nov 2024103 Days
10 Hopgarth Court, Chester Le Street, County Durham, DH3 3SE£75,000£69,000-£6,00022 Nov 202312 Nov 2024356 Days
8 Redesdale Road, Chester Le Street, County Durham, DH2 3HN£89,950£86,000-£3,95018 Jun 202408 Nov 2024143 Days
3 Picktree Cottages East, Chester Le Street, County Durham, DH3 3RR£150,000£146,000-£4,00027 Aug 202407 Nov 202472 Days

Most Expensive Streets in Chester-le-Street

PostcodeStreetAreaAverageNo. of Sales
NE38 9HHPicktreeWashington£948,3333
DH3 3QXThe ParksChester Le Street, Durham£525,0005
DH3 4BANorth LodgeChester Le Street, Durham£468,2683
DH3 4DGLongdean ParkChester Le Street, County Durham£449,7504
DH2 3UDHermitage GardensChester Le Street, Durham£440,0006
DH3 4AFBlind LaneChester Le Street, County Durham£434,1254
DH3 4DFLongdean ParkChester Le Street, Durham£426,2504
DH2 3ABWaldridge RoadChester Le Street, County Durham£404,8754
DH3 3QSBradman DriveChester Le Street, Durham£400,0004
DH3 3LRThe ParadeChester Le Street, County Durham£391,1663

Least Expensive Streets in Chester-le-Street

PostcodeStreetAreaAverageNo. of Sales
DH3 3PAUnion CourtChester Le Street, County Durham£58,31311
DH3 3DWPine StreetChester Le Street, Durham£60,5004
DH3 3DRAlbert StreetChester Le Street, County Durham£64,8624
DH3 3DPVictor StreetChester Le Street, Durham£65,4938
DH3 3SEHopgarth CourtChester Le Street, Durham£65,9927
DH3 3JJBenson StreetChester Le Street, Durham£72,2863
DH3 3DNPoplar StreetChester Le Street, County Durham£76,0004
DH3 3EAElm StreetChester Le Street, County Durham£76,5559
DH2 2HBPelaw SquareChester Le Street, County Durham£77,0004
DH2 2HZLumley CloseChester Le Street, County Durham£77,0416

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