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Wingate House Prices Wingate House Prices

The average house price in Wingate is £122,575 using HM Land Registry data.

The average property price increased by £9,658 (6.74%) over the last 5 years and increased by £1,930 (1.28%) over the last 12 months.

Over the last year, there were 37 residential property sales – a decrease of 82 transactions (-221.62%) relative to the previous year. The majority of house sales (12) were in the £50,000 - £88,000 range. Then came properties in the £88,000 - £126,000 range, where 10 were sold within this price bracket.

Excluding fall throughs, properties are taking an average of 62 days to sell (from being listed to completion) and the average difference between asking and sold prices is £-5,931 (-3%).

In April 2024, there were 11 new estate agency instructions, 8 agreed home sales and 11 property price reductions.

Postcodes Covered: TS27, TS28

5-Year Average Property Prices in Wingate

6.74%

Property prices in Wingate increased by 6.74% 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 Wingate Over the Last Year

1.28%

Property prices in Wingate increased by 1.28% 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 Wingate - 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 61 to 80 days, the broad evidence suggests a slow moving market. This can often be due to estate agency over-valuations out of sync with the realities, a market slowdown or a combination of both. In such scenarios, some vendors may either choose to wait for the market to pick up (which may result in some relisting the property at a later date). Others simply reduce the price to a level that will entice more buyer 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 Wingate

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 Wingate

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 Wingate

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 Wingate since 1995

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

Recent Property Sales in Wingate

AddressInitial PriceSold PricePrice ChangeFirst Listed DateSold DateDays to Sell
3 Rodridge Park, Station Town, Wingate, County Durham, TS28 5PD£185,000£180,000-£5,00023 Mar 202309 Feb 2024323 Days
10 Martindale Walk, Wingate, County Durham, TS28 5PP£240,000£240,000£0015 May 202310 Nov 2023179 Days
5 Front Street, Station Town, Wingate, County Durham, TS28 5DP£39,950£30,000-£9,95008 Mar 201830 Oct 20232062 Days
33 Ingram Way, Wingate, County Durham, TS28 5PW£315,000£300,000-£15,00009 Apr 202327 Oct 2023201 Days
17 Vicarage Estate, Wingate, County Durham, TS28 5BP£115,950£105,000-£10,95020 Jan 202329 Sep 2023252 Days
61 Bruce Crescent, Wingate, County Durham, TS28 5JJ£69,950£67,950-£2,00013 Feb 202329 Sep 2023228 Days
12 Moor Lane, Wingate, County Durham, TS28 5BA£84,999£80,000-£4,99903 Apr 202321 Sep 2023171 Days
11 Taylor Grove, Wingate, County Durham, TS28 5PA£185,000£180,000-£5,00031 Mar 202331 Aug 2023153 Days
Plynlimmon, Wellfield Road South, Wingate, County Durham, TS28 5JX£169,950£162,500-£7,45011 Apr 202330 Aug 2023141 Days
12 Martindale Walk, Wingate, County Durham, TS28 5PP£160,000£159,000-£1,00024 Feb 202324 Aug 2023181 Days
6 Dawson Road, Wingate, County Durham, TS28 5BS£95,000£92,500-£2,50007 Aug 202307 Aug 20230 Days
33 Sandford Close, Wingate, County Durham, TS28 5FD£109,950£104,000-£5,95017 Apr 202304 Aug 2023109 Days
20 Bruce Crescent, Wingate, County Durham, TS28 5JJ£80,000£75,000-£5,00010 Nov 202217 Jul 2023249 Days
11 Dawson Road, Wingate, County Durham, TS28 5BS£89,950£85,000-£4,95009 Mar 202314 Jul 2023127 Days
98 Chillerton Way, Wingate, County Durham, TS28 5DY£100,000£97,500-£2,50020 Apr 202304 Jul 202375 Days
17 Moore Square, Wingate, County Durham, TS28 5JD£70,000£70,000£0003 Mar 202327 Jun 2023116 Days
2 Martindale Walk, Wingate, County Durham, TS28 5PP£170,000£159,000-£11,00009 Nov 202212 May 2023184 Days
1 Heaton Terrace, Station Town, Wingate, County Durham, TS28 5EX£70,000£60,000-£10,00028 Oct 202210 Mar 2023133 Days
61 Chillerton Way, Wingate, County Durham, TS28 5DY£85,000£84,000-£1,00030 Dec 202228 Feb 202360 Days
49 Vicarage Estate, Wingate, County Durham, TS28 5BP£105,000£87,000-£18,00030 Mar 202204 Nov 2022219 Days

Most Expensive Streets in Wingate

PostcodeStreetAreaAverageNo. of Sales
TS28 5FFHigh Grange WayWingate£264,79039
TS28 5FLCargills CourtWingate£234,81830
TS28 5FPWoodville WayWingate£208,24813
TS28 5LJArundel WalkWingate£203,6663
TS28 5PATaylor GroveWingate£199,6427
TS28 5FGHigh Grange WayWingate£197,29133
TS28 5PNRoxby WyndWingate£194,0003
TS28 5LAWellfield Road NorthWingate£193,6254
TS28 5PPMartindale WalkWingate£186,0003
TS28 5PHThe MaltingsWingate£175,6503

Least Expensive Streets in Wingate

PostcodeStreetAreaAverageNo. of Sales
TS28 5EQCravens CottagesStation Town£34,5003
TS28 5JSKings RoadWingate£44,1663
TS28 5EXHeaton TerraceStation Town£50,6663
TS28 5DPFront StreetStation Town£52,6663
TS28 5EFMilbank TerraceStation Town£53,48315
TS28 5APNorth Road WestWingate£54,74614
TS28 5AGFront Street EastWingate£54,8993
TS28 5HTWalton TerraceWingate£55,7005
TS28 5AUNorth Road EastWingate£58,3697
TS28 5BAMoor LaneWingate£59,6663

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