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Ferryhill House Prices Ferryhill House Prices

The average house price in Ferryhill is £84,750 using HM Land Registry data.

The average property price increased by £38,754 (63.36%) over the last 5 years and increased by £7,745 (8.4%) over the last 12 months.

Over the last year, there were 117 residential property sales – a decrease of 17 transactions (-14.53%) relative to the previous year. The majority of house sales (40) were in the £58,000 - £86,000 range. Then came properties in the £30,000 - £58,000 range, where 23 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 £-7,727 (-7%).

In April 2024, there were 21 new estate agency instructions, 15 agreed home sales and 14 property price reductions.

Postcodes Covered: DL17

5-Year Average Property Prices in Ferryhill

63.36%

Property prices in Ferryhill increased by 63.36% 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 Ferryhill Over the Last Year

8.4%

Property prices in Ferryhill increased by 8.4% 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 Ferryhill - 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 Ferryhill

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 Ferryhill

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 Ferryhill

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 Ferryhill since 1995

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

Recent Property Sales in Ferryhill

AddressInitial PriceSold PricePrice ChangeFirst Listed DateSold DateDays to Sell
30a, Dean Park, Ferryhill, County Durham, DL17 8HP£175,000£170,000-£5,00013 Apr 202309 Feb 2024302 Days
1 Windsor Avenue, Ferryhill, County Durham, DL17 8JG£69,950£65,000-£4,95025 Aug 202330 Jan 2024158 Days
8 Bamburgh Road, Ferryhill, County Durham, DL17 8QH£99,950£95,000-£4,95009 Feb 202329 Jan 2024354 Days
24 Barrington Terrace, Ferryhill, County Durham, DL17 8NW£84,000£80,000-£4,00025 Aug 202324 Nov 202391 Days
16 Corscombe Close, Ferryhill, County Durham, DL17 8DB£139,950£139,950£0011 Sep 202324 Nov 202374 Days
44 Market Street, Ferryhill, County Durham, DL17 8JH£150,000£110,000-£40,00026 Apr 202315 Nov 2023203 Days
3 Broom Road, Ferryhill, County Durham, DL17 8AL£68,950£65,000-£3,95020 Jul 202302 Nov 2023105 Days
21 Ramsay Drive, Ferryhill, County Durham, DL17 8PU£164,950£164,950£0001 Feb 202301 Nov 2023273 Days
58 Wood Lane, Ferryhill, County Durham, DL17 8QG£170,000£166,000-£4,00009 Jun 202327 Oct 2023140 Days
62 Dean Park, Ferryhill, County Durham, DL17 8HR£215,000£210,000-£5,00016 May 202327 Oct 2023164 Days
66 Raby Road, Ferryhill, County Durham, DL17 8EA£94,950£80,000-£14,95004 Apr 202327 Oct 2023206 Days
18 Witton Road, Ferryhill, County Durham, DL17 8QE£127,950£125,000-£2,95001 Jun 202327 Oct 2023148 Days
117 Brancepeth Road, Ferryhill, County Durham, DL17 8EE£99,950£98,000-£1,95019 Jun 202313 Oct 2023116 Days
29 Derwent Road, Ferryhill, County Durham, DL17 8HF£94,950£90,000-£4,95001 Jun 202329 Sep 2023120 Days
50 Bessemer Street, Ferryhill, County Durham, DL17 8NJ£54,950£52,000-£2,95021 Jun 202329 Sep 2023100 Days
10 Willow Road, Ferryhill, County Durham, DL17 8DR£110,000£110,000£0017 Jul 202329 Sep 202374 Days
51 Brancepeth Road, Ferryhill, County Durham, DL17 8ED£105,000£105,000£0011 Jul 202329 Sep 202380 Days
46 Lime Road, Ferryhill, County Durham, DL17 8DN£92,500£90,000-£2,50020 May 202322 Sep 2023125 Days
24 Cavendish Court, Ferryhill, County Durham, DL17 8PY£139,950£139,950£0026 May 202325 Aug 202391 Days
30 Cavendish Court, Ferryhill, County Durham, DL17 8PY£190,000£187,500-£2,50002 Mar 202321 Aug 2023172 Days

Most Expensive Streets in Ferryhill

PostcodeStreetAreaAverageNo. of Sales
DL17 8UAPriors PathFerryhill£227,3333
DL17 8TJCrompton CourtFerryhill£206,4833
DL17 8RDAidens WalkFerryhill£200,0003
DL17 8HRDean ParkFerryhill£189,24112
DL17 8HSDean ParkFerryhill£169,3905
DL17 8LUKensington GardensFerryhill£160,2905
DL17 8PXRamsay DriveFerryhill£159,75010
DL17 8PYCavendish CourtFerryhill£151,4905
DL17 8HPDean ParkFerryhill£145,45812
DL17 8HXNorth StreetFerryhill£142,8005

Least Expensive Streets in Ferryhill

PostcodeStreetAreaAverageNo. of Sales
DL17 8BWDuncombe TerraceFerryhill£36,3333
DL17 8PJWatt StreetFerryhill£36,3857
DL17 8NJBessemer StreetFerryhill£36,40223
DL17 8NGRennie StreetFerryhill£37,45816
DL17 8PDFaraday StreetFerryhill£38,2333
DL17 0DJWilliam StreetFerryhill£39,0003
DL17 8ATConyers TerraceFerryhill£39,0003
DL17 8PEFaraday StreetFerryhill£42,0416
DL17 0DUChurch StreetFerryhill£42,1087
DL17 0AGHigh StreetFerryhill£42,3333

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