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

The average house price in Chester-le-Street is £117,125 using HM Land Registry data.

The average property price increased by £14,803 (8.43%) over the last 5 years and increased by £2,959 (1.58%) over the last 12 months.

Over the last year, there were 265 residential property sales – a decrease of 106 transactions (-40.00%) relative to the previous year. The majority of house sales (71) were in the £70,000 - £116,000 range. Then came properties in the £116,000 - £162,000 range, where 55 were sold within this price bracket.

Excluding fall throughs, properties are taking an average of 56 days to sell (from being listed to completion) and the average difference between asking and sold prices is £-3,801 (-1%).

In April 2024, there were 51 new estate agency instructions, 40 agreed home sales and 25 property price reductions.

Neighbouring Areas: Washington, Birtley, Pelton and Ouston

Postcodes Covered: DH2, DH3, NE38

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

8.43%

Property prices in Chester-le-Street increased by 8.43% 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

1.58%

Property prices in Chester-le-Street increased by 1.58% 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 - April 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 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
23 Napier Close, Chester Le Street, County Durham, DH3 4BN£179,950£175,000-£4,95016 Sep 202323 Feb 2024160 Days
4 Brantwood, Chester Le Street, County Durham, DH2 2UL£230,000£230,000£0028 Sep 202323 Feb 2024148 Days
37 Netherton Close, Chester Le Street, County Durham, DH2 3SP£130,000£130,000£0008 Sep 202309 Feb 2024154 Days
15 Leander Avenue, Chester Le Street, County Durham, DH3 4BQ£160,000£152,000-£8,00030 Jun 202302 Feb 2024217 Days
42 Pennine Avenue, Chester Le Street, County Durham, DH2 3AX£140,000£140,000£0015 Jul 202302 Feb 2024202 Days
3 Alnwick Close, Chester Le Street, County Durham, DH2 3JL£275,000£265,000-£10,00008 Sep 202302 Feb 2024147 Days
18 Robertson Court, Chester Le Street, County Durham, DH3 3FB£99,950£97,000-£2,95004 Aug 202326 Jan 2024175 Days
38 Picktree Lodge, Chester Le Street, County Durham, DH3 4DJ£310,000£302,000-£8,00029 Nov 202326 Jan 202458 Days
30 Elmway, Chester Le Street, County Durham, DH2 2LX£220,000£213,500-£6,50021 Sep 202326 Jan 2024127 Days
114 Picktree Lodge, Chester Le Street, County Durham, DH3 4DL£325,000£320,000-£5,00014 Aug 202324 Jan 2024163 Days
7 Elmway, Chester Le Street, County Durham, DH2 2LD£187,500£187,500£0012 Sep 202324 Jan 2024134 Days
6 Cornmoor, Chester Le Street, County Durham, DH2 2NB£240,000£225,000-£15,00015 Sep 202324 Jan 2024131 Days
4 Ashton Downe, Chester Le Street, County Durham, DH2 2JB£158,000£155,000-£3,00014 Sep 202319 Jan 2024127 Days
13 Hadrian Avenue, Chester Le Street, County Durham, DH3 3RS£225,000£100,000-£125,00014 Nov 202212 Jan 2024424 Days
27 Elm Street, Chester Le Street, County Durham, DH3 3EA£85,000£82,000-£3,00030 Aug 202305 Jan 2024128 Days
20 Graythwaite, Chester Le Street, County Durham, DH2 2UH£190,000£182,500-£7,50009 Aug 202308 Dec 2023121 Days
92 Cragside, Chester Le Street, County Durham, DH2 2TW£130,000£130,000£0030 Aug 202304 Dec 202396 Days
3 Broadway, Chester Le Street, County Durham, DH3 3RT£299,000£299,000£0028 Feb 202328 Nov 2023273 Days
41 Lancaster Terrace, Chester Le Street, County Durham, DH3 3NP£139,950£137,500-£2,45029 Jun 202317 Nov 2023141 Days
38 Fenton Close, Chester Le Street, County Durham, DH2 3JD£92,500£92,431-£6919 Jul 202317 Nov 2023121 Days

Most Expensive Streets in Chester-le-Street

PostcodeStreetAreaAverageNo. of Sales
DH3 3QXThe ParksChester Le Street, Durham£485,0008
DH3 4BANorth LodgeChester Le Street, Durham£468,2683
DH3 4DFLongdean ParkChester Le Street, Durham£435,0003
DH3 4AFBlind LaneChester Le Street, County Durham£434,1254
DH3 4DGLongdean ParkChester Le Street, Durham£433,0005
NE38 9HHPicktreeWashington£388,3333
DH2 3TLDenwick CloseChester Le Street, County Durham£380,1119
DH3 3QTMilburn CloseChester Le Street, Durham£378,6874
DH2 3UDHermitage GardensChester Le Street, Durham£369,0948
DH3 3QSBradman DriveChester Le Street, Durham£367,3754

Least Expensive Streets in Chester-le-Street

PostcodeStreetAreaAverageNo. of Sales
DH3 3DWPine StreetChester Le Street, Durham£56,0004
DH3 3DPVictor StreetChester Le Street, Durham£56,1666
DH3 3PAUnion CourtChester Le Street, Durham£61,49510
DH3 3SEHopgarth CourtChester Le Street, Durham£61,5905
DH2 2BPSeventh AvenueChester Le Street, County Durham£66,2503
DH3 3DRAlbert StreetChester Le Street, Durham£68,3754
DH2 2DRBullion LaneChester Le Street, Durham£71,2503
DH3 3EWHedworth StreetChester Le Street, Durham£72,6663
DH3 3EAElm StreetChester Le Street, Durham£74,5006
DH2 2AYJacques TerraceChester Le Street, Durham£74,7504

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