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Pelton and Ouston House Prices Pelton and Ouston House Prices

The average house price in Pelton and Ouston is £153,000 using HM Land Registry data.

The average property price increased by £59,632 (46.55%) over the last 5 years and increased by £11,918 (6.78%) over the last 12 months.

Over the last year, there were 88 residential property sales – a decrease of 55 transactions (-62.50%) relative to the previous year. The majority of house sales (24) were in the £118,000 - £166,000 range. Then came properties in the £70,000 - £118,000 range, where 20 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 £-3,564 (-2%).

In April 2024, there were 20 new estate agency instructions, 6 agreed home sales and 4 property price reductions.

Neighbouring Areas: Birtley, Chester-le-Street

Postcodes Covered: DH2

5-Year Average Property Prices in Pelton and Ouston

46.55%

Property prices in Pelton and Ouston increased by 46.55% 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 Pelton and Ouston Over the Last Year

6.78%

Property prices in Pelton and Ouston increased by 6.78% 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 Pelton and Ouston - 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 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 Pelton and Ouston

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 Pelton and Ouston

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 Pelton and Ouston

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 Pelton and Ouston since 1995

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

Recent Property Sales in Pelton and Ouston

AddressInitial PriceSold PricePrice ChangeFirst Listed DateSold DateDays to Sell
28 Fieldside, Pelton, Chester Le Street, County Durham, DH2 1DY£135,000£135,000£0023 Nov 202312 Mar 2024110 Days
40 Coquet Drive, Perkinsville, Chester Le Street, County Durham, DH2 1EW£180,000£177,500-£2,50002 Oct 202323 Feb 2024144 Days
108 Turnberry, Ouston, Chester Le Street, County Durham, DH2 1LS£340,000£340,000£0015 Mar 202315 Jan 2024306 Days
1 Thornton Lea, Pelton, Chester Le Street, County Durham, DH2 1UN£235,000£220,000-£15,00010 Aug 202317 Nov 202399 Days
29 Brackenbeds Close, Pelton, Chester Le Street, County Durham, DH2 1XH£260,000£249,950-£10,05024 May 202303 Nov 2023163 Days
19 Arisaig, Ouston, Chester Le Street, County Durham, DH2 1RQ£179,950£172,000-£7,95008 Jun 202303 Nov 2023148 Days
140 Thorntons Close, Pelton, Chester Le Street, County Durham, DH2 1QJ£155,000£154,000-£1,00020 May 202327 Oct 2023160 Days
14 Hylton Terrace, Pelton, Chester Le Street, County Durham, DH2 1DS£70,000£70,000£0004 Aug 202327 Oct 202384 Days
8 Iris Crescent, Ouston, Chester Le Street, County Durham, DH2 1RJ£80,000£80,000£0030 Jun 202325 Oct 2023117 Days
32 Coldstream, Ouston, Chester Le Street, County Durham, DH2 1LH£175,000£165,000-£10,00022 Apr 202329 Sep 2023160 Days
10 Institute Terrace West, Pelton, Chester Le Street, County Durham, DH2 1QS£72,500£72,500£0014 Jun 202319 Sep 202397 Days
98 Brecon Place, Pelton, Chester Le Street, County Durham, DH2 1HX£115,000£110,000-£5,00018 Apr 202315 Sep 2023150 Days
24 Wansbeck Close, Pelton, Chester Le Street, County Durham, DH2 1ER£119,950£119,950£0009 May 202318 Aug 2023101 Days
10 Brackenbeds Close, Pelton, Chester Le Street, County Durham, DH2 1XH£260,000£257,500-£2,50014 Apr 202318 Aug 2023126 Days
12 The Wynd, Pelton, Chester Le Street, County Durham, DH2 1EG£125,000£122,500-£2,50018 Apr 202328 Jul 2023101 Days
20 Thorntons Close, Pelton, Chester Le Street, County Durham, DH2 1QQ£120,000£120,000£0027 Feb 202321 Jul 2023144 Days
60 Heathmeads, Pelton, Chester Le Street, County Durham, DH2 1NB£265,000£265,000£0023 Nov 202214 Jul 2023233 Days
36 Heathmeads, Pelton, Chester Le Street, County Durham, DH2 1NA£210,000£204,000-£6,00005 Dec 202207 Jul 2023214 Days
28 Carnoustie, Ouston, Chester Le Street, County Durham, DH2 1JS£230,000£222,000-£8,00020 Sep 202207 Jul 2023290 Days
19 Iris Crescent, Ouston, Chester Le Street, County Durham, DH2 1RJ£75,000£71,000-£4,00016 Feb 202328 Jun 2023132 Days

Most Expensive Streets in Pelton and Ouston

PostcodeStreetAreaAverageNo. of Sales
DH2 1LSTurnberryOuston£301,2504
DH2 1LRTurnberryOuston£271,09011
DH2 1FNLarch WayHigh Hold£270,3787
DH2 1FLAspen DriveHigh Hold£248,92946
DH2 1XHBrackenbeds ClosePelton£231,0905
DH2 1LACromartyOuston£229,4005
DH2 1FHRowan WalkHigh Hold£225,1857
DH2 1SARothesayOuston£223,2005
DH2 1TPWoodlandsOuston£216,7147
DH2 1XJBrackenbeds ClosePelton£212,6666

Least Expensive Streets in Pelton and Ouston

PostcodeStreetAreaAverageNo. of Sales
DH2 1EBElwin StreetPelton£51,6663
DH2 1DUErnest StreetPelton£52,1405
DH2 1DSHylton TerracePelton£58,20812
DH2 1EAGrange StreetPelton£61,9833
DH2 1DQSandyfordPelton£66,5003
DH2 1DZSouthfieldPelton£68,0004
DH2 1DTThe AvenuePelton£68,3124
DH2 1EEWood StreetPelton£69,8333
DH2 1QWFront StreetPerkinsville£77,7905
DH2 1RLPrimrose GardensOuston£78,3754

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