# House prices in DH2 3 (Chester Le Street)

This article reveals price per square metre data and various charts to help you understand current housing market in Chester Le Street (DH2 3).

## Defining 'DH2 3'

This analysis is limited to properties whose postcode starts with "DH2 3", this is also called the postcode sector. It is shown in red on the map above. There are no official names for postcode sectors so I've just labelled it Chester Le Street.

You can click on the map labels to change to a neighbouring sector, or you can enter a different postcode sector (e.g. CM23 4) below.

FYI, a postcode sector is the full postcode without the last two letters.

## Price per square metre

Knowing the average house price in Chester Le Street is not much use. However, knowing average price per square metre can be quite useful. Price per sqm allows some comparison between properties of different size. We define price per square metre as the sold price divided by the internal area of a property:

£ per sqm = price ÷ internal area
E.g. 7, Acorn Way, Chester Le Street, sold for £150,000 on Feb-2024. Given the internal area of 84 square metres, the price per sqm is £1,785.

England & Wales have been officially metric since 1965. However house price per square foot is prefered by some estate agents and those of sufficiently advanced age ;-) They may want to convert square meters on this page to square feet.

The chart below is called a histogram, it helps you see the distribution of this house price per sqm data. To make this chart we put the sales data into a series of £ per sqm 'buckets' (e.g. £1,800-£2,000, £2,000-£2,200, £2,200-£2,400 etc...) we then count the number of sales with within in each bucket and plot the results. The chart is based on 253 sales in Chester Le Street (DH2 3) that took place in the last two years.

##### Distribution of £ per sqm for Chester Le Street
Distribution of £ per sqm house prices in Chester Le Street

You can see the spread of prices above. This is because although internal area is a key factor in determining valuation, it is not the only factor. Many factors other than size affect desirability; these factors could be condition, aspect, garden size, negotiating power of the vendor etc.

The spread of prices will give you a feel of the typical range to expect in Chester Le Street (DH2 3). Of the 253 transactions, half were sold for between £1,130 and £2,480 per square metre. The median, or 'middle', price per square metre in 'DH2 3' is £1,640. Notably, only 25% of properties that sold recently were valued at more than £2,480 sqm. For anything to be valued more than this means it has to be more desireable than the clear majority of homes.

## Price map for Chester Le Street

Do have a look at the interactive price map I created. I find it useful and I am sure it will help you in exploring Chester Le Street. You can zoom in all the way to individual properties and then all the way back out to see the whole country. The colours show the current estimated property values.

House price heatmap for Chester Le Street

## Comparison with neighbouring postcode sectors

The table below shows how 'DH2 3' compares to neighbouring postcode sectors.

Postcode sector Lower quartile Middle quartile Upper quartile
DH2 3 Chester Le Street £1,130 sqm £1,640 sqm £2,480 sqm
DH2 1 Ouston £1,080 sqm £1,610 sqm £2,170 sqm
DH2 2 Chester Le Street £1,320 sqm £1,730 sqm £2,280 sqm

## Will Chester Le Street house prices drop in 2024?

I cannot tell the future and don't believe anyone who says they can. I can however plot price trends - I have done this in the chart below for DH2 3 (Chester Le Street) compared with both the wider area DH2 and inflation (CPIH from the Office of National Statistics). The dashed trend lines in the chart show the average over time.

##### Historic price per square metre in Chester Le Street,Chester Le Street
House price trends for Chester Le Street

For the most recent sales activity, rather than a summarized average, it is better to see the underlying data. This is shown in the chart below, where blue dots represent individual sales, click on them to see details. If there is an obvious trend you should be able to spot it here amid the noise from outliers.

##### Most recent DH2 3 sales
Recent trends for Chester Le Street

Data from Land Registry comes in gradually over time. I update it every month but it takes about 5 months for the majority of sales for Chester Le Street to be recorded. Disclaimer: I do not verify and cannot guarantee the accuracy of any data shown. Outliers exist in the data, typically these are where the EPC registry records the internal area incorrectly, sometimes although very rarely the Land Registry price paid data can be wrong. The data provided throughout this website about Chester Le Street and any other area, is not financial advice. Any information provided does not and cannot ever take in to account the particular financial situation, objectives or property needs of either you or anyone reading this information.

## Street level data

Street Avg size Avg £sqm Recent sales
Albert Street, Chester Le Street, DH2 3L 66 sqm £612 32
Pine Street, Chester Le Street, DH2 3L 67 sqm £567 29
Queen Street, Chester Le Street, DH2 3L 72 sqm £570 22
West Street, Chester Le Street, DH2 3L 67 sqm £588 18
Rydal Road, Chester Le Street, DH2 3D 88 sqm £2,301 17
Lesbury Close, Chester Le Street, DH2 3S 102 sqm £2,719 16
Chatton Close, Chester Le Street, DH2 3H 63 sqm £1,725 14
Bowmont Walk, Chester Le Street, DH2 3J 58 sqm £1,644 13

## Raw data

Our analysis of Chester Le Street is derived from what is essentially a big table of sold prices from Land Registry with added property size information. Below are three rows from this table to give you an idea.