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

The average house price in Chester-le-Street is £189,650 using HM Land Registry data.

The average property price increased by £19,998 (11.5%) over the last 5 years and increased by £3,997 (2.11%) over the last 12 months.

Over the last year, there were 270 residential property sales – a decrease of 76 transactions (-28.15%) relative to the previous year. The majority of house sales (79) were in the £80,000 - £128,000 range. Then came properties in the £128,000 - £176,000 range, where 49 were sold within this price bracket.

Excluding fall throughs, properties are taking an average of 42 days to sell (from being listed to completion) and the average difference between asking and sold prices is £-3,801 (-1%).

In June 2024, there were 44 new estate agency instructions, 47 agreed home sales and 25 property price reductions.

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

11.5%

Property prices in Chester-le-Street increased by 11.5% 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

2.11%

Property prices in Chester-le-Street increased by 2.11% 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 - 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 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
40 Chatton Close, Chester Le Street, County Durham, DH2 3HU£160,000£160,000£0010 Feb 202403 May 202483 Days
5 Wilfred Street, Chester Le Street, County Durham, DH3 3HX£75,000£42,834-£32,16601 Mar 202101 May 20241157 Days
13 Cookson Terrace, Chester Le Street, County Durham, DH2 2AW£105,000£102,500-£2,50021 Dec 202308 Apr 2024109 Days
16 Bradman Drive, Chester Le Street, County Durham, DH3 3QS£425,000£410,000-£15,00018 Jan 202405 Apr 202478 Days
3 Windsor Court, Chester Le Street, County Durham, DH3 3NX£90,000£78,000-£12,00016 Feb 202302 Apr 2024411 Days
6 Jolliffe Street, Chester Le Street, County Durham, DH3 3LX£115,000£114,000-£1,00026 Dec 202328 Mar 202493 Days
103 Second Avenue, Chester Le Street, County Durham, DH2 2EH£120,000£115,000-£5,00009 Jan 202428 Mar 202479 Days
139 Rydal Road, Chester Le Street, County Durham, DH2 3DS£250,000£250,000£0002 Jun 202322 Mar 2024294 Days
18 Bowmont Walk, Chester Le Street, County Durham, DH2 3JB£145,000£140,000-£5,00022 Jul 202315 Mar 2024237 Days
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
26 Leander Avenue, Chester Le Street, County Durham, DH3 4BH£189,950£182,000-£7,95009 Jun 202314 Feb 2024250 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

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 4DGLongdean ParkChester Le Street, County Durham£449,7504
DH3 4DFLongdean ParkChester Le Street, Durham£435,0003
DH3 4AFBlind LaneChester Le Street, County Durham£434,1254
DH2 3ABWaldridge RoadChester Le Street, County Durham£404,8754
NE38 9HHPicktreeWashington£388,3333
DH2 3TLDenwick CloseChester Le Street, County Durham£380,1119
DH3 3QTMilburn CloseChester Le Street, Durham£378,6874
DH3 3QSBradman DriveChester Le Street, Durham£375,9005

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£59,7729
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 3EAElm StreetChester Le Street, Durham£74,5006
DH2 2AYJacques TerraceChester Le Street, Durham£74,7504
DH3 3JJBenson StreetChester Le Street, Durham£75,2863

Explore Chester-le-Street and Neighbouring Area House Prices