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Consett House Prices Consett House Prices

The average house price in Consett is £132,642 using HM Land Registry data.

The average property price increased by £32,534 (26.99%) over the last 5 years and increased by £6,502 (4.44%) over the last 12 months.

Over the last year, there were 265 residential property sales – a decrease of 113 transactions (-42.64%) relative to the previous year. The majority of house sales (71) were in the £100,000 - £140,000 range. Then came properties in the £60,000 - £100,000 range, where 68 were sold within this price bracket.

Excluding fall throughs, properties are taking an average of 60 days to sell (from being listed to completion) and the average difference between asking and sold prices is £-5,029 (-3%).

In April 2024, there were 64 new estate agency instructions, 46 agreed home sales and 43 property price reductions.

Neighbouring Areas: Leadgate

Postcodes Covered: DH8

5-Year Average Property Prices in Consett

26.99%

Property prices in Consett increased by 26.99% 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

4.44%

Property prices in Consett increased by 4.44% 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 - 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 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
14 Walton Terrace, Villa Real, Consett, County Durham, DH8 6BW£124,950£121,630-£3,32002 Nov 202305 Mar 2024124 Days
1 Mountside, Consett, County Durham, DH8 0DP£230,000£217,500-£12,50001 Sep 202326 Feb 2024178 Days
4 Parkside, Blackhill, Consett, County Durham, DH8 5XR£499,950£478,500-£21,45012 Oct 202323 Feb 2024134 Days
61 Park Road, Consett, County Durham, DH8 5SQ£65,000£64,950-£5018 Sep 202322 Feb 2024157 Days
22 Elsdon Gardens, Consett, County Durham, DH8 5NS£110,000£110,000£0004 Jan 202416 Feb 202443 Days
8 John Street, Blackhill, Consett, County Durham, DH8 0AD£115,500£112,500-£3,00023 Dec 202212 Feb 2024416 Days
60 Berry Edge Road, Consett, County Durham, DH8 5DS£155,000£155,000£0002 Oct 202308 Feb 2024129 Days
10 Percy Terrace, Consett, County Durham, DH8 7EY£74,950£74,000-£95029 Nov 202302 Feb 202465 Days
25 Park Road, Consett, County Durham, DH8 5EB£45,000£41,000-£4,00024 Oct 202325 Jan 202493 Days
39 Woodlands Road, Consett, County Durham, DH8 0DB£290,000£280,000-£10,00006 Jun 202319 Jan 2024227 Days
12 Briardale, Delves Lane, Consett, County Durham, DH8 7BD£110,000£106,000-£4,00007 Sep 202319 Jan 2024134 Days
29 Constance Street, Consett, County Durham, DH8 5DU£105,000£100,000-£5,00012 Sep 202318 Jan 2024128 Days
31 Hallgarth, The Grove, Consett, County Durham, DH8 8BJ£159,950£159,950£0029 Jul 202311 Jan 2024166 Days
6 Pontop View, Consett, County Durham, DH8 7JB£75,000£60,000-£15,00008 Nov 202308 Jan 202461 Days
38 Summerdale, Consett, County Durham, DH8 0ET£275,000£263,000-£12,00005 Aug 202320 Dec 2023137 Days
16 Rolling Mill, Consett, County Durham, DH8 6NH£249,950£240,000-£9,95015 Jul 202318 Dec 2023156 Days
5 Roseberry Terrace, Consett, County Durham, DH8 5RG£90,000£87,500-£2,50010 Aug 202314 Dec 2023126 Days
5 Chartwell Place, Consett, County Durham, DH8 5JJ£169,950£164,000-£5,95015 Jun 202308 Dec 2023176 Days
17 Thomas Street, Blackhill, Consett, County Durham, DH8 0AB£65,000£60,000-£5,00021 Sep 202304 Dec 202374 Days
11 West Acre, Consett, County Durham, DH8 0AY£124,900£118,000-£6,90002 Jun 202301 Dec 2023182 Days

Most Expensive Streets in Consett

PostcodeStreetAreaAverageNo. of Sales
DH8 0RNBenfieldside RoadConsett£531,6663
DH8 0NNShotley BridgeConsett£491,6663
DH8 0ATBriar MewsBlackhill£386,6663
DH8 0UFGoodwood CloseShotley Bridge£385,4389
DH8 0BLQueens RoadConsett£368,5004
DH8 0BWQueens RoadConsett£340,82211
DH8 0JEWood StreetShotley Bridge£338,3333
DH8 8JSBarley Mill RoadConsett£329,1254
DH8 0UDChepstow CloseConsett£318,0003
DH8 0REBriary GardensConsett£306,6624

Least Expensive Streets in Consett

PostcodeStreetAreaAverageNo. of Sales
DH8 8HTSurrey CrescentConsett£41,3005
DH8 7NRKnitsley GardensConsett£42,9005
DH8 5LUCleadon StreetConsett£53,0003
DH8 0LUGreenacres RoadConsett£57,0006
DH8 5LZStephen StreetConsett£58,2374
DH8 8AJThe ByeConsett£58,6663
DH8 8AXThornfield RoadConsett£60,8754
DH8 7NWAlwyn GardensConsett£61,3333
DH8 8DSYork AvenueConsett£63,9916
DH8 0JYNewlandsConsett£64,0003

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