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Shotton Colliery House Prices Shotton Colliery House Prices

The average house price in Shotton Colliery is £74,500 using HM Land Registry data.

The average property price increased by £3,963 (4.72%) over the last 5 years and increased by £792 (0.91%) over the last 12 months.

Over the last year, there were 43 residential property sales – an increase of 4 transactions (9.30%) relative to the previous year. The majority of house sales (15) were in the £68,000 - £96,000 range. Then came properties in the £40,000 - £68,000 range, where 13 were sold within this price bracket.

Excluding fall throughs, properties are taking an average of 112 days to sell (from being listed to completion) and the average difference between asking and sold prices is £-4,722 (-3%).

In April 2024, there were 12 new estate agency instructions, 7 agreed home sales and 7 property price reductions.

Neighbouring Areas: Peterlee

Postcodes Covered: DH6

5-Year Average Property Prices in Shotton Colliery

4.72%

Property prices in Shotton Colliery increased by 4.72% 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 Shotton Colliery Over the Last Year

0.91%

Property prices in Shotton Colliery increased by 0.91% 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 Shotton Colliery - 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 Shotton Colliery

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 Shotton Colliery

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 Shotton Colliery

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 Shotton Colliery since 1995

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

Recent Property Sales in Shotton Colliery

AddressInitial PriceSold PricePrice ChangeFirst Listed DateSold DateDays to Sell
24 Lilac Terrace, Shotton Colliery, Durham, County Durham, DH6 2HR£89,950£85,000-£4,95007 Sep 202311 Jan 2024126 Days
Bryncroft, Fleming Field, Shotton Colliery, Durham, County Durham, DH6 2JQ£199,950£180,000-£19,95008 Jun 202330 Nov 2023175 Days
18 Brackenridge, Shotton Colliery, Durham, County Durham, DH6 2QT£114,999£110,000-£4,99919 Apr 202329 Nov 2023224 Days
34 Windsor Place, Shotton Colliery, Durham, County Durham, DH6 2XB£69,950£67,500-£2,45018 Jul 202324 Nov 2023129 Days
15 Atkinson Grove, Shotton Colliery, Durham, County Durham, DH6 2YA£239,950£237,000-£2,95003 Jan 202313 Oct 2023283 Days
8 Hawthorne Terrace, Shotton Colliery, Durham, County Durham, DH6 2HG£84,950£70,000-£14,95016 Dec 202229 Sep 2023287 Days
2 Weldon Close, Shotton Colliery, Durham, County Durham, DH6 2YJ£182,000£178,000-£4,00027 Apr 202328 Sep 2023154 Days
13 Dunelm Place, Shotton Colliery, Durham, County Durham, DH6 2RF£80,000£80,000£0002 Jun 202315 Sep 2023105 Days
135 Bruce Glazier Terrace, Shotton Colliery, Durham, County Durham, DH6 2PP£70,000£69,000-£1,00019 Jun 202308 Sep 202381 Days
3 Weldon Close, Shotton Colliery, Durham, County Durham, DH6 2YJ£175,000£173,000-£2,00022 May 202329 Aug 202399 Days
70 Victoria Street, Shotton Colliery, Durham, County Durham, DH6 2LE£64,950£64,950£0013 Jun 202325 Aug 202373 Days
31 Dixon Estate, Shotton Colliery, Durham, County Durham, DH6 2PX£70,000£70,000£0013 Apr 202325 Aug 2023134 Days
6 William Morris Terrace, Shotton Colliery, Durham, County Durham, DH6 2PL£120,000£118,000-£2,00003 Apr 202304 Aug 2023123 Days
28 Poppy Lane, Shotton Colliery, Durham, County Durham, DH6 2LF£100,000£92,000-£8,00027 Apr 201821 Jul 20231911 Days
36 Keir Hardie Terrace, Shotton Colliery, Durham, County Durham, DH6 2PS£110,000£105,000-£5,00001 Mar 202307 Jul 2023128 Days
44 Ashbrooke Estate, Shotton Colliery, Durham, County Durham, DH6 2LN£60,000£60,000£0011 Jan 202310 May 2023119 Days
8 Salters Lane, Shotton Colliery, Durham, County Durham, DH6 2PU£90,000£90,000£0001 Nov 202205 Apr 2023155 Days
43 Salters Lane, Shotton Colliery, Durham, County Durham, DH6 2HZ£100,000£100,000£0007 Nov 202227 Mar 2023140 Days
126 Victoria Street, Shotton Colliery, Durham, County Durham, DH6 2QN£59,950£59,950£0022 Jul 202201 Mar 2023222 Days
21 Thornhill Road, Shotton Colliery, Durham, County Durham, DH6 2HD£60,000£60,000£0006 Nov 202228 Feb 2023114 Days

Most Expensive Streets in Shotton Colliery

PostcodeStreetAreaAverageNo. of Sales
DH6 2YBWestgarth GroveShotton Colliery£191,2504
DH6 2QZBrackenhill AvenueShotton Colliery£188,9993
DH6 2YHWelburn CloseShotton Colliery£147,8333
DH6 2YGWaskerley DriveShotton Colliery£141,3005
DH6 2YLWorton CloseShotton Colliery£128,4874
DH6 2JNMarcia AvenueShotton Colliery£107,3333
DH6 2PYThe BungalowsShotton Colliery£104,0004
DH6 2HZSalters LaneShotton Colliery£93,6663
DH6 2PXDixon EstateShotton Colliery£92,8005
DH6 2JLStation RoadShotton Colliery£89,9287

Least Expensive Streets in Shotton Colliery

PostcodeStreetAreaAverageNo. of Sales
DH6 2QXDene TerraceShotton Colliery£44,4333
DH6 2PNBruce Glazier TerraceShotton Colliery£48,1663
DH6 2LEVictoria StreetShotton Colliery£50,8166
DH6 2LDVictoria StreetShotton Colliery£50,8336
DH6 2RDMilton GroveShotton Colliery£55,0004
DH6 2QNVictoria StreetShotton Colliery£55,0647
DH6 2HGHawthorne TerraceShotton Colliery£59,4068
DH6 2RFDunelm PlaceShotton Colliery£59,6787
DH6 2JFFleming FieldShotton Colliery£63,3333
DH6 2PEMoore TerraceShotton Colliery£65,5833

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