# House prices in DH4 7 (Penshaw)

This article reveals price per square metre data and various charts to help you understand current housing market in Penshaw, Houghton Le Spring (DH4 7).

## Defining 'DH4 7'

This analysis is limited to properties whose postcode starts with "DH4 7", 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 Penshaw.

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 Penshaw 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. 31, Gladstone Terrace, Penshaw, Houghton Le Spring, sold for £91,000 on Feb-2024. Given the internal area of 90 square metres, the price per sqm is £1,011.

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. £1,900-£2,000, £2,000-£2,100, £2,100-£2,200 etc...) we then count the number of sales with within in each bucket and plot the results. The chart is based on 184 sales in Penshaw (DH4 7) that took place in the last two years.

##### Distribution of £ per sqm for Penshaw, Houghton Le Spring
Distribution of £ per sqm house prices in Penshaw

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 Penshaw (DH4 7). Of the 184 transactions, half were sold for between £1,070 and £2,130 per square metre. The median, or 'middle', price per square metre in 'DH4 7' is £1,420. Notably, only 25% of properties that sold recently were valued at more than £2,130 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 Penshaw, Houghton Le Spring

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 Houghton Le Spring. 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 Penshaw, Houghton Le Spring

## Comparison with neighbouring postcode sectors

The table below shows how 'DH4 7' compares to neighbouring postcode sectors.

Postcode sector Lower quartile Middle quartile Upper quartile
DH4 4 Houghton Le Spring £980 sqm £1,610 sqm £2,210 sqm
DH4 6 West Rainton £1,030 sqm £1,820 sqm £2,260 sqm
DH4 5 Houghton Le Spring £1,100 sqm £1,420 sqm £1,980 sqm
DH4 7 Penshaw £1,070 sqm £1,420 sqm £2,130 sqm

## Will Houghton Le Spring 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 DH4 7 (Penshaw) compared with both the wider area DH4 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 Penshaw,Houghton Le Spring
House price trends for Penshaw

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 DH4 7 sales
Recent trends for Penshaw

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 Houghton Le Spring 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 Houghton Le Spring 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
Whitefield Crescent, Penshaw, DH4 7Q 86 sqm £1,820 21
Weymouth Drive, Penshaw, DH4 7T 132 sqm £2,347 19
Barnwell View, Penshaw, DH4 7F 81 sqm £2,336 17
Byerhope, Penshaw, DH4 7P 116 sqm £1,881 13
Railway Terrace North, Penshaw, DH4 7B 63 sqm £784 13
Kingswood, Penshaw, DH4 7P 111 sqm £1,654 11
Wensleydale Avenue, Penshaw, DH4 7P 89 sqm £1,133 11
Railway Terrace, Penshaw, DH4 7B 82 sqm £992 10

## Raw data

Our analysis of Penshaw 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.