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Shiney Row and Penshaw House Prices Shiney Row and Penshaw House Prices

The average house price in Shiney Row and Penshaw is £166,785 using HM Land Registry data.

The average property price increased by £46,733 (36.75%) over the last 5 years and increased by £9,340 (5.68%) over the last 12 months.

Over the last year, there were 115 residential property sales – a decrease of 32 transactions (-27.83%) relative to the previous year. The majority of house sales (40) were in the £80,000 - £124,000 range. Then came properties in the £124,000 - £168,000 range, where 18 were sold within this price bracket.

Excluding fall throughs, properties are taking an average of 39 days to sell (from being listed to completion) and the average difference between asking and sold prices is £-5,653 (-3%).

In April 2024, there were 60 new estate agency instructions, 22 agreed home sales and 22 property price reductions.

Neighbouring Areas: Houghton-le-Spring

Postcodes Covered: DH4

5-Year Average Property Prices in Shiney Row and Penshaw

36.75%

Property prices in Shiney Row and Penshaw increased by 36.75% 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 Shiney Row and Penshaw Over the Last Year

5.68%

Property prices in Shiney Row and Penshaw increased by 5.68% 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 Shiney Row and Penshaw - 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 Shiney Row and Penshaw

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 Shiney Row and Penshaw

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 Shiney Row and Penshaw

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 Shiney Row and Penshaw since 1995

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

Recent Property Sales in Shiney Row and Penshaw

AddressInitial PriceSold PricePrice ChangeFirst Listed DateSold DateDays to Sell
45 Bourn Lea, Houghton Le Spring, Tyne And Wear, DH4 4PG£149,950£130,000-£19,95017 May 202328 Feb 2024287 Days
3 St Cuthberts Road, Houghton Le Spring, Tyne And Wear, DH4 4NA£139,950£123,000-£16,95003 Oct 202323 Feb 2024143 Days
7 Hillview Road, Houghton Le Spring, Tyne And Wear, DH4 4SH£175,000£170,000-£5,00014 Dec 202223 Feb 2024436 Days
7 Woodhall Spa, Shiney Row, Houghton Le Spring, Tyne And Wear, DH4 4QL£310,000£300,000-£10,00005 Jul 202302 Feb 2024212 Days
Farnsworth House, Station Road, Penshaw, Houghton Le Spring, Tyne And Wear, DH4 7LB£450,000£425,280-£24,72019 Oct 202331 Jan 2024104 Days
3 Woodhall Spa, Shiney Row, Houghton Le Spring, Tyne And Wear, DH4 4QL£160,000£81,735-£78,26504 Feb 202119 Jan 20241079 Days
2 Paddock Close, Shiney Row, Houghton Le Spring, Tyne And Wear, DH4 4QG£365,000£350,000-£15,00031 Aug 202306 Dec 202397 Days
54 Fenton Terrace, Houghton Le Spring, Tyne And Wear, DH4 7AZ£58,000£54,000-£4,00008 Aug 202301 Dec 2023115 Days
6 Dunraven Close, Philadelphia, Houghton Le Spring, Tyne And Wear, DH4 4XQ£295,000£295,000£0023 Sep 202329 Nov 202367 Days
3 Monument View, New Penshaw, Houghton Le Spring, Tyne And Wear, DH4 7JN£239,950£230,000-£9,95006 Jun 202324 Nov 2023171 Days
26 Bleasdale Crescent, Houghton Le Spring, Tyne And Wear, DH4 7RH£89,950£89,950£0020 Sep 202317 Nov 202358 Days
11 Cambridge Crescent, Houghton Le Spring, Tyne And Wear, DH4 7LN£119,950£117,500-£2,45006 Jul 202310 Nov 2023127 Days
29 Whitefield Crescent, Houghton Le Spring, Tyne And Wear, DH4 7QT£225,000£205,000-£20,00008 Jul 202330 Oct 2023114 Days
39 Trinity Park, Houghton Le Spring, Tyne And Wear, DH4 4UL£250,000£247,500-£2,50019 May 202330 Oct 2023164 Days
2 Madrona Close, Shiney Row, Houghton Le Spring, Tyne And Wear, DH4 7TX£190,000£185,000-£5,00018 May 202327 Oct 2023162 Days
71 Wensleydale Avenue, Houghton Le Spring, Tyne And Wear, DH4 7PB£189,950£185,000-£4,95009 Jun 202320 Oct 2023133 Days
20 Dainton Close, Houghton Le Spring, Tyne And Wear, DH4 4XX£209,950£195,000-£14,95007 Jun 202316 Oct 2023131 Days
8 Herrington Mews, Houghton Le Spring, Tyne And Wear, DH4 4NS£205,000£200,000-£5,00021 Jun 202313 Oct 2023114 Days
5 Helmsley Close, Houghton Le Spring, Tyne And Wear, DH4 7ND£120,000£117,000-£3,00003 May 202329 Sep 2023149 Days
43 Cricklewood Drive, Penshaw, Houghton Le Spring, Tyne And Wear, DH4 7EA£139,950£139,000-£95023 Jun 202329 Sep 202398 Days

Most Expensive Streets in Shiney Row and Penshaw

PostcodeStreetAreaAverageNo. of Sales
DH4 4HHSunderland RoadNewbottle£407,9166
DH4 7TUAspen CloseShiney Row£380,5004
DH4 7EROld PenshawHoughton Le Spring£368,3333
DH4 7TZWeymouth DriveHoughton Le Spring£343,26913
DH4 7SPCross Rigg ClosePenshaw£301,1666
DH4 4QQLytham GrangeShiney Row£296,6663
DH4 7TQWeymouth DriveHoughton Le Spring£278,35911
DH4 4SPCairnhill TerraceHoughton Le Spring£270,0003
DH4 7TDShellbarkHoughton Le Spring£253,5003
DH4 4UNTrinity ParkHoughton Le Spring£247,6258

Least Expensive Streets in Shiney Row and Penshaw

PostcodeStreetAreaAverageNo. of Sales
DH4 4ETCharles StreetHoughton Le Spring£55,6663
DH4 7AFMeadow TerraceHoughton Le Spring£55,6663
DH4 7BBRailway Terrace NorthNew Herrington£56,0507
DH4 7LHBarrack RowHoughton Le Spring£62,9205
DH4 4REThe CrescentShiney Row£66,5003
DH4 7AZFenton TerraceHoughton Le Spring£69,5717
DH4 7BDRailway TerraceNew Herrington£70,85510
DH4 7HLAlexandra TerracePenshaw£70,8577
DH4 4JRSouth ViewShiney Row£71,6493
DH4 4JYMilburn TerraceHoughton Le Spring£72,6663

Explore Shiney Row and Penshaw and Neighbouring Area House Prices

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