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Lanchester House Prices Lanchester House Prices

The average house price in Lanchester is £115,000 using HM Land Registry data.

The average property price increased by £31,306 (18.96%) over the last 5 years and increased by £6,257 (3.29%) over the last 12 months.

Over the last year, there were 39 residential property sales – a decrease of 29 transactions (-74.36%) relative to the previous year. The majority of house sales (14) were in the £90,000 - £128,000 range. Then came properties in the £128,000 - £166,000 range, where 10 were sold within this price bracket.

Excluding fall throughs, properties are taking an average of 29 days to sell (from being listed to completion) and the average difference between asking and sold prices is £-5,272 (-3%).

In April 2024, there were 11 new estate agency instructions, 4 agreed home sales and property price reductions.

Postcodes Covered: DH7

5-Year Average Property Prices in Lanchester

18.96%

Property prices in Lanchester increased by 18.96% 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

3.29%

Property prices in Lanchester increased by 3.29% 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 Lanchester - 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 21 to 40 days, the broad evidence suggests that properties are selling reasonably quickly after being initially advertised and the market is reasonably healthy. If you are prepared to wait to up to 6 weeks, and you are sure that your property is priced realistically, you should get an offer within this timeframe.

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

AddressInitial PriceSold PricePrice ChangeFirst Listed DateSold DateDays to Sell
36 Deanery View, Lanchester, Durham, County Durham, DH7 0NH£185,000£175,000-£10,00031 Oct 202301 Mar 2024122 Days
2 Percy Place, Lanchester, Durham, County Durham, DH7 0HP£170,000£170,000£0014 Sep 202323 Feb 2024162 Days
Hillandale, Cadger Bank, Lanchester, Durham, County Durham, DH7 0HE£299,950£290,000-£9,95013 Sep 202313 Feb 2024153 Days
Peth Cottage, Peth Bank, Lanchester, Durham, County Durham, DH7 0NG£245,000£235,000-£10,00014 Sep 202309 Feb 2024148 Days
8 Woodlands, Lanchester, Durham, County Durham, DH7 0NS£375,000£360,000-£15,00026 Jul 202305 Jan 2024163 Days
3 Croft Court, Lanchester, Durham, County Durham, DH7 0JU£59,950£50,000-£9,95026 Apr 202305 Jan 2024254 Days
39 Durham Road, Lanchester, Durham, County Durham, DH7 0LR£120,000£100,000-£20,00021 Aug 202307 Dec 2023108 Days
21 Victoria Terrace, Lanchester, Durham, County Durham, DH7 0JB£239,950£239,950£0019 Jul 202310 Nov 2023114 Days
1 Holmside Avenue, Lanchester, Durham, County Durham, DH7 0NB£150,000£145,000-£5,00017 Aug 202302 Nov 202377 Days
17 Croft View, Lanchester, Durham, County Durham, DH7 0HY£275,000£270,000-£5,00018 Jul 202330 Oct 2023104 Days
10 Lee Hill Court, Lanchester, Durham, County Durham, DH7 0QE£310,000£305,000-£5,00006 Jul 202325 Oct 2023111 Days
10 Southway, Lanchester, Durham, County Durham, DH7 0JL£289,000£282,000-£7,00021 Jan 202329 Sep 2023251 Days
27 Humberhill Drive, Lanchester, Durham, County Durham, DH7 0HH£210,000£205,000-£5,00027 May 202329 Aug 202394 Days
21 Fenhall Park, Lanchester, Durham, County Durham, DH7 0JT£275,000£262,000-£13,00030 Mar 202303 Aug 2023126 Days
17 Newbiggen Lane, Lanchester, Durham, County Durham, DH7 0PB£160,000£157,500-£2,50029 Mar 202313 Jul 2023106 Days
3 Station Cottages, Lanchester, Durham, County Durham, DH7 0HA£260,000£250,000-£10,00013 Jan 202302 Jun 2023140 Days
19 Newbiggen Lane, Lanchester, Durham, County Durham, DH7 0PB£150,000£150,000£0022 Sep 202210 Mar 2023169 Days
7 Millfield, Lanchester, Durham, County Durham, DH7 0JD£250,000£230,000-£20,00011 Jul 202203 Mar 2023235 Days
18 Colepike Road, Lanchester, Durham, County Durham, DH7 0HJ£250,000£240,000-£10,00003 Aug 202214 Dec 2022133 Days
31 Newbiggen Lane, Lanchester, Durham, County Durham, DH7 0PB£150,000£150,000£0023 Sep 202213 Dec 202281 Days

Most Expensive Streets in Lanchester

PostcodeStreetAreaAverageNo. of Sales
DH7 0SHFord RoadLanchester£505,1663
DH7 0QELee Hill CourtLanchester£311,3336
DH7 0JTFenhall ParkLanchester£303,6663
DH7 0LPDurham RoadLanchester£265,0854
DH7 0NWGreenwell ParkLanchester£256,6663
DH7 0LWWest ViewLanchester£219,6663
DH7 0HQWest DriveLanchester£207,3336
DH7 0PWFoxhills CrescentLanchester£193,6503
DH7 0NPOakwoodLanchester£191,40911
DH7 0PQMount Park DriveLanchester£190,0004

Least Expensive Streets in Lanchester

PostcodeStreetAreaAverageNo. of Sales
DH7 0JUCroft CourtLanchester£83,53813
DH7 0LZDenesideLanchester£93,8333
DH7 0NFBurnhopeside AvenueLanchester£96,2779
DH7 0LUManor GrangeLanchester£106,3256
DH7 0LXDenesideLanchester£108,3333
DH7 0PAAlderdeneLanchester£111,3758
DH7 0JQKitswell RoadLanchester£114,5003
DH7 0LRDurham RoadLanchester£117,5866
DH7 0NDBurnhopeside AvenueLanchester£121,6628
DH7 0HRThe GarthsLanchester£122,7504

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