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Consett House Prices Consett House Prices

The average house price in Consett is £140,050 using HM Land Registry data.

The average property price increased by £35,804 (29.1%) over the last 5 years and increased by £7,174 (4.73%) over the last 12 months.

Over the last year, there were 280 residential property sales – a decrease of 30 transactions (-10.71%) relative to the previous year. The majority of house sales (77) were in the £110,000 - £150,000 range. Then came properties in the £70,000 - £110,000 range, where 74 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 £-5,124 (-3%).

In Dec 24, there were 35 new estate agency instructions, 39 agreed home sales and 41 property price reductions.

Neighbouring Areas: Leadgate

Postcodes Covered: DH8

5-Year Average Property Prices in Consett

29.1%

Property prices in Consett increased by 29.1% 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 Consett Over the Last Year

4.73%

Property prices in Consett increased by 4.73% 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 Consett - Dec 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 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 Consett

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 Consett

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 Consett

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 Consett since 1995

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

Recent Property Sales in Consett

AddressInitial PriceSold PricePrice ChangeFirst Listed DateSold DateDays to Sell
17 Knitsley Gardens, Consett, County Durham, DH8 7NR£64,950£59,500-£5,45029 May 202415 Nov 2024170 Days
120 Fenwick Way, Consett, County Durham, DH8 5FE£200,000£200,000£0011 May 202415 Nov 2024188 Days
23 Fell Side, Consett, County Durham, DH8 7AW£100,000£90,000-£10,00024 May 202414 Nov 2024174 Days
60 Pleasant View, Bridgehill, Consett, County Durham, DH8 8LE£180,000£175,000-£5,00018 Jul 202401 Nov 2024106 Days
256 Medomsley Road, Consett, County Durham, DH8 5JW£185,000£175,000-£10,00011 Jul 202431 Oct 2024112 Days
26 Mickleton Close, Consett, County Durham, DH8 7UG£270,000£267,500-£2,50025 Apr 202425 Oct 2024183 Days
203 Durham Road, Blackhill, Consett, County Durham, DH8 5UQ£128,500£120,000-£8,50029 May 202425 Oct 2024149 Days
66 Chapel Drive, Delves Lane, Consett, County Durham, DH8 7EW£99,950£91,000-£8,95006 Jun 202425 Oct 2024141 Days
Trebla, Delves Lane, Consett, County Durham, DH8 7ER£140,000£134,000-£6,00011 Jun 202425 Oct 2024136 Days
57 Holwick Close, Consett, County Durham, DH8 7UJ£280,000£276,000-£4,00009 May 202425 Oct 2024169 Days
21 Fairfield, Consett, County Durham, DH8 7HA£75,000£65,000-£10,00005 Oct 202223 Oct 2024749 Days
42 Generation Place, Consett, County Durham, DH8 5XT£135,000£135,000£0002 Jul 202418 Oct 2024108 Days
44 Fenwick Way, Consett, County Durham, DH8 5FD£220,000£216,000-£4,00018 Jul 202409 Aug 202422 Days
14 Cort Street, Consett, County Durham, DH8 5SY£139,950£132,500-£7,45002 Feb 202406 Aug 2024186 Days
36 Ford Street, Consett, County Durham, DH8 7AE£89,950£85,000-£4,95021 Dec 202101 Aug 2024954 Days
59 Hallgarth, The Grove, Consett, County Durham, DH8 8BL£180,000£160,000-£20,00020 Feb 202424 Jul 2024155 Days
4 Cardoon Road, Consett, County Durham, DH8 6GG£157,500£155,000-£2,50002 Mar 202419 Jul 2024139 Days
29 Ford Street, Consett, County Durham, DH8 7AE£125,000£110,000-£15,00020 Mar 202419 Jul 2024121 Days
23 Ritsons Road, Consett, County Durham, DH8 0AN£104,950£104,950£0026 Apr 202412 Jul 202477 Days
18 Mountside, Consett, County Durham, DH8 0DP£275,000£270,000-£5,00026 Aug 202312 Jul 2024321 Days

Most Expensive Streets in Consett

PostcodeStreetAreaAverageNo. of Sales
DH8 0RNBenfieldside RoadConsett£531,6663
DH8 0NNShotley BridgeConsett£491,6663
DH8 0UFGoodwood CloseShotley Bridge£396,7438
DH8 0BLQueens RoadConsett£368,5004
DH8 0BWQueens RoadConsett£353,69112
DH8 0UDChepstow CloseConsett£318,0003
DH8 5XDLinks DriveConsett£313,4874
DH8 0REBriary GardensConsett£306,6624
DH8 0JFOley MeadowsConsett£301,40010
DH8 9TBBridge IslandShotley Bridge£293,4005

Least Expensive Streets in Consett

PostcodeStreetAreaAverageNo. of Sales
DH8 7NRKnitsley GardensConsett£45,7506
DH8 8HTSurrey CrescentConsett£53,6124
DH8 5LZStephen StreetConsett£54,9833
DH8 0LUGreenacres RoadConsett£57,0006
DH8 7JXBuddle StreetConsett£59,1663
DH8 8AXThornfield RoadConsett£60,8754
DH8 7NWAlwyn GardensConsett£61,3333
DH8 7NPTemple GardensConsett£64,3624
DH8 7JBPontop ViewConsett£66,0003
DH8 8DSYork AvenueConsett£66,4916

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