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House Prices in DH5 House Prices in DH5 (Houghton Le Spring)

The average house price in DH5 (Houghton Le Spring) is £138,500 using HM Land Registry data.

The average property price increased by £24,688 (-0.19%) over the last 5 years and increased by £4,936 (-0.03%) over the last 12 months.

Over the last year, there were 164 residential property sales – a decrease of 37 transactions (-22.56%) relative to the previous year. The majority of house sales (44) were in the £50,000 - £90,000 range. Then came properties in the £90,000 - £130,000 range, where 41 were sold within this price bracket.

Excluding fall throughs, properties are taking an average of 57 days to sell (from being listed to completion) and the average difference between asking and sold prices is £-4,815 (-3%).

In June 2024, there were 50 new estate agency instructions, 48 agreed home sales and 35 property price reductions.

Nearby Postcodes: DH1, DH3, DH4, DH6, DH7, DL16, DL17, NE38, SR2, SR3, SR4, SR7, SR8, TS28, TS29

5-Year Average Property Prices in DH5 (Houghton Le Spring)

-0.19%

Property prices in Houghton Le Spring decreased by -0.19% 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 DH5 (Houghton Le Spring) Over the Last Year

-0.03%

Property prices in Houghton Le Spring decreased by -0.03% 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 DH5 (Houghton Le Spring) - June 2024

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 DH5 (Houghton Le Spring)

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 DH5 (Houghton Le Spring)

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 DH5 (Houghton Le Spring)

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 DH5 (Houghton Le Spring) Postcode since 1995

Using HM Land Registry data, this chart displays average annual house prices in the DH5 postcode area since 1995.

Recent Sales in DH5 (Houghton Le Spring)

AddressInitial PriceSold PricePrice ChangeFirst Listed DateSold DateDays to Sell
10 Pauls Green, Hetton Le Hole, Houghton Le Spring, Tyne And Wear, DH5 9BP£160,000£157,000-£3,00001 Dec 202315 May 2024166 Days
21 Brookside, Houghton Le Spring, Tyne And Wear, DH5 9NW£169,950£169,950£0025 Aug 202324 Apr 2024243 Days
132 Lambton Drive, Hetton Le Hole, Houghton Le Spring, Tyne And Wear, DH5 0ER£159,950£150,000-£9,95007 Oct 202319 Apr 2024195 Days
57 Bridle Way, Houghton Le Spring, Tyne And Wear, DH5 8NQ£250,000£250,000£0025 May 202327 Mar 2024307 Days
20 Perkins Close, Hetton-le-hole, Houghton Le Spring, Tyne And Wear, DH5 9GD£170,000£170,000£0012 Dec 202321 Mar 2024100 Days
74 Leeholme, Houghton Le Spring, Tyne And Wear, DH5 8HR£155,000£151,500-£3,50008 Jun 202328 Feb 2024265 Days
21 Bloomfield Drive, East Rainton, Houghton Le Spring, Tyne And Wear, DH5 9SF£179,950£173,500-£6,45008 Nov 202316 Feb 2024100 Days
124 Houghton Road, Hetton Le Hole, Houghton Le Spring, Tyne And Wear, DH5 9PL£110,000£106,000-£4,00031 Jul 202305 Feb 2024189 Days
39 Hedgelea Road, East Rainton, Houghton Le Spring, Tyne And Wear, DH5 9RR£170,000£170,000£0028 Jul 202302 Feb 2024189 Days
5 Edwin Street, Houghton Le Spring, Tyne And Wear, DH5 8AR£35,000£32,750-£2,25008 Nov 202331 Jan 202484 Days
18 Queen Elizabeth Drive, Easington Lane, Houghton Le Spring, Tyne And Wear, DH5 0NW£79,950£78,000-£1,95026 Nov 201918 Jan 20241514 Days
149 Houghton Road, Hetton Le Hole, Houghton Le Spring, Tyne And Wear, DH5 9PN£129,950£126,000-£3,95012 Sep 202320 Dec 202399 Days
40 The Avenue, Hetton Le Hole, Houghton Le Spring, Tyne And Wear, DH5 9DQ£50,000£48,390-£1,61021 Sep 202315 Dec 202385 Days
11 Mount Pleasant, Houghton Le Spring, Tyne And Wear, DH5 8AQ£350,000£330,000-£20,00019 Sep 202313 Dec 202385 Days
11 Norfolk Street, Hetton Le Hole, Houghton Le Spring, Tyne And Wear, DH5 9LR£105,000£103,000-£2,00011 May 202311 Dec 2023214 Days
2a, Lambton Drive, Hetton Le Hole, Houghton Le Spring, Tyne And Wear, DH5 0EW£49,950£40,000-£9,95015 Feb 202208 Dec 2023661 Days
50 Station Road, Hetton Le Hole, Houghton Le Spring, Tyne And Wear, DH5 0AT£84,950£75,000-£9,95021 Jun 202307 Dec 2023169 Days
30 Pimlico Road, Hetton Le Hole, Houghton Le Spring, Tyne And Wear, DH5 0EX£145,000£135,000-£10,00012 Jul 202301 Dec 2023142 Days
137 Houghton Road, Hetton Le Hole, Houghton Le Spring, Tyne And Wear, DH5 9PL£115,000£110,350-£4,65021 Jun 202327 Nov 2023159 Days
Melrose, Warwick Drive, Houghton Le Spring, Tyne And Wear, DH5 8JR£550,000£500,000-£50,00028 Jun 202324 Nov 2023149 Days

Most Expensive Streets in DH5 (Houghton Le Spring)

PostcodeStreetAreaAverageNo. of Sales
DH5 9RGPittington Road, Rainton GateHoughton Le Spring£447,6663
DH5 8AENesham PlaceHoughton Le Spring£381,8336
DH5 8NTThe GroveHoughton Le Spring£348,8505
DH5 8AGNesham PlaceHoughton Le Spring£302,3333
DH5 8JXGillas Lane WestHoughton Le Spring£296,2504
DH5 9QFNorth Street, East RaintonHoughton Le Spring£287,4874
DH5 8QALingfieldHoughton Le Spring£274,8005
DH5 8NXDunholm CloseHoughton Le Spring£265,6663
DH5 9PTBroomhill, Hetton Le HoleHoughton Le Spring£263,6663
DH5 9QTDurham Road, East RaintonHoughton Le Spring£260,0003

Least Expensive Streets in DH5 (Houghton Le Spring)

PostcodeStreetAreaAverageNo. of Sales
DH5 9DZMarket Street, Hetton Le HoleHoughton Le Spring£20,1663
DH5 9DECaroline Street, Hetton Le HoleHoughton Le Spring£38,3333
DH5 0JZStore Terrace, Easington LaneHoughton Le Spring£38,5333
DH5 8BDBaker StreetHoughton Le Spring£43,1254
DH5 9ELEdward Street, Hetton Le HoleHoughton Le Spring£44,2509
DH5 0QEElemore Lane, Easington LaneHoughton Le Spring£46,5003
DH5 0QFDorset Street, Easington LaneHoughton Le Spring£47,1663
DH5 0JUGirven Terrace, Easington LaneHoughton Le Spring£47,3333
DH5 0JXGirven Terrace West, Easington LaneHoughton Le Spring£48,5647
DH5 0HGDerwent Street, Easington LaneHoughton Le Spring£48,7504

Explore DH5 (Houghton Le Spring) using map

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