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Lanchester House Prices

The average house price in Lanchester is £204,875 using HM Land Registry data.

The average property price increased by £21,411 (12.31%) over the last 5 years and increased by £4,290 (2.25%) over the last 12 months.

Over the last year, there were 44 residential property sales – a decrease of 4 transactions (-9.09%) relative to the previous year. The majority of house sales (12) were in the £142,000 - £184,000 range. Then came properties in the £100,000 - £142,000 range, where 9 were sold within this price bracket.

Excluding fall throughs, properties are taking an average of 101 days to sell (from being listed to completion) and the average difference between asking and sold prices is £-6,183 (-3%).

In Dec 24, there were 2 new estate agency instructions, 5 agreed home sales and 3 property price reductions.

5-Year Average Property Prices in Lanchester

12.31%

Property prices in Lanchester increased by 12.31% 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 Lanchester Over the Last Year

2.25%

Property prices in Lanchester increased by 2.25% 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.

Property Market Heat Gauge for Lanchester - 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 Lanchester

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 Lanchester

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 Lanchester

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 Lanchester since 1995

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

Recent Property Sales in Lanchester

Address	Initial Price	Sold Price	Price Change	First Listed Date	Sold Date	Days to Sell
43 Durham Road, Lanchester, Durham, County Durham, DH7 0LR	£160,000	£160,000	£00	27 Mar 2024	19 Aug 2024	145 Days
30 Burnhopeside Avenue, Lanchester, Durham, County Durham, DH7 0ND	£160,000	£160,000	£00	19 Mar 2024	03 Jul 2024	106 Days
26 Oakwood, Lanchester, Durham, County Durham, DH7 0NP	£165,000	£162,000	-£3,000	01 Mar 2024	08 May 2024	68 Days
45 Humberhill Drive, Lanchester, Durham, County Durham, DH7 0HH	£300,000	£300,000	£00	24 Jan 2024	02 Apr 2024	69 Days
1 Kitswell Road, Lanchester, Durham, County Durham, DH7 0JQ	£235,000	£228,000	-£7,000	20 Nov 2023	15 Mar 2024	116 Days
5 Prospect Terrace, Lanchester, Durham, County Durham, DH7 0HF	£187,995	£185,000	-£2,995	18 Sep 2023	15 Mar 2024	179 Days
36 Deanery View, Lanchester, Durham, County Durham, DH7 0NH	£185,000	£175,000	-£10,000	31 Oct 2023	01 Mar 2024	122 Days
2 Percy Place, Lanchester, Durham, County Durham, DH7 0HP	£170,000	£170,000	£00	14 Sep 2023	23 Feb 2024	162 Days
Hillandale, Cadger Bank, Lanchester, Durham, County Durham, DH7 0HE	£299,950	£290,000	-£9,950	13 Sep 2023	13 Feb 2024	153 Days
Peth Cottage, Peth Bank, Lanchester, Durham, County Durham, DH7 0NG	£245,000	£235,000	-£10,000	14 Sep 2023	09 Feb 2024	148 Days
8 Woodlands, Lanchester, Durham, County Durham, DH7 0NS	£375,000	£360,000	-£15,000	26 Jul 2023	05 Jan 2024	163 Days
3 Croft Court, Lanchester, Durham, County Durham, DH7 0JU	£59,950	£50,000	-£9,950	26 Apr 2023	05 Jan 2024	254 Days
39 Durham Road, Lanchester, Durham, County Durham, DH7 0LR	£120,000	£100,000	-£20,000	21 Aug 2023	07 Dec 2023	108 Days
21 Victoria Terrace, Lanchester, Durham, County Durham, DH7 0JB	£239,950	£239,950	£00	19 Jul 2023	10 Nov 2023	114 Days
1 Holmside Avenue, Lanchester, Durham, County Durham, DH7 0NB	£150,000	£145,000	-£5,000	17 Aug 2023	02 Nov 2023	77 Days
17 Croft View, Lanchester, Durham, County Durham, DH7 0HY	£275,000	£270,000	-£5,000	18 Jul 2023	30 Oct 2023	104 Days
10 Lee Hill Court, Lanchester, Durham, County Durham, DH7 0QE	£310,000	£305,000	-£5,000	06 Jul 2023	25 Oct 2023	111 Days
10 Southway, Lanchester, Durham, County Durham, DH7 0JL	£289,000	£282,000	-£7,000	21 Jan 2023	29 Sep 2023	251 Days
27 Humberhill Drive, Lanchester, Durham, County Durham, DH7 0HH	£210,000	£205,000	-£5,000	27 May 2023	29 Aug 2023	94 Days
21 Fenhall Park, Lanchester, Durham, County Durham, DH7 0JT	£275,000	£262,000	-£13,000	30 Mar 2023	03 Aug 2023	126 Days

Most Expensive Streets in Lanchester

Postcode	Street	Area	Average	No. of Sales
DH7 0SH	Ford Road	Lanchester	£505,166	3
DH7 0QE	Lee Hill Court	Lanchester	£311,333	6
DH7 0JT	Fenhall Park	Lanchester	£303,666	3
DH7 0NW	Greenwell Park	Lanchester	£271,250	4
DH7 0LW	West View	Lanchester	£229,750	4
DH7 0PY	Alderside Crescent	Lanchester	£220,000	3
DH7 0HH	Humberhill Drive	Lanchester	£198,166	6
DH7 0HQ	West Drive	Lanchester	£196,000	5
DH7 0PQ	Mount Park Drive	Lanchester	£195,000	3
DH7 0JB	Victoria Terrace	Lanchester	£194,557	13

Least Expensive Streets in Lanchester

Postcode	Street	Area	Average	No. of Sales
DH7 0JU	Croft Court	Lanchester	£83,000	12
DH7 0LZ	Deneside	Lanchester	£93,833	3
DH7 0NF	Burnhopeside Avenue	Lanchester	£98,785	7
DH7 0LU	Manor Grange	Lanchester	£106,325	6
DH7 0PA	Alderdene	Lanchester	£121,750	8
DH7 0HR	The Garths	Lanchester	£122,750	4
DH7 0LR	Durham Road	Lanchester	£123,645	7
DH7 0ND	Burnhopeside Avenue	Lanchester	£125,418	8
DH7 0PB	Newbiggen Lane	Lanchester	£129,900	5
DH7 0SG	Railway Street	Lanchester	£135,766	3