Chester Le Street

Area Guide For Chester Le Street

Chester-le-Street is a town in County Durham, England. Its history retreats to Roman times when it was called Concangis. The town is found 7 miles south of Newcastle upon Tyne and 8 miles west of Sunderland on the River Wear. The Parish Church of St Mary and St Cuthbert is the place the group of St Cuthbert stayed for a long time before being exchanged to Durham Cathedral, and the site of the first interpretation of the Gospels into English, Aldred written work the Old English sparkle between the lines of the Lindisfarne Gospels there.

A market town, markets are put on Tuesdays, Fridays and Saturdays. Until 2009 the town had its own particular neighborhood government area. This was framed by the amalgamation in 1974 of the previous Chester-le-Street Urban and Rural Districts. It was abrogated in 2009 when Durham turned into an unitary power as a component of the 2009 structural changes to nearby government in England,a move that was questionable at the time.

 
 

Chester Le Street Map

Estimated Price: £153,168
Average Asking Price: £157,075
Price change in last one year: £4,003
Average Price Paid: £137,229
Average Rent Rates: £751

 
 

Property Prices Breakdown in Chester Le Street

Average Price for property in Chester Le Street is around £153,168 which varies based on type of property you are interested in and ranges from £254,802 for detached house to around £144,191 for semi-detached. Similarly terraced house is around £103,416 and a flat is worth £103,471. Values have been changing and have risen £52 in last 3 months alone. Similar historical trend can be observed in price changes e.g. prices changed £375 in last 6 months, £4,003 in last 1 year, £7,306 in last 2 years, £11,882 in last 3 years, £4,935 in last 4 years and £4,027 in last 5 years.

Currently average asking price of a property in Chester Le Street is around £157,075 based on approximately 617 properties for sale. Same is the case with rental options based on 117 properties up for rent, average asking rent is around £751 per month.

Estimated property value in Chester Le Street is £153,168. Average asking price is £157,075 while average price paid is £138,811 which is up by £4,003 and Avg. asking rent £751.Based on an Online Survey

Buyers are willing to pay high dollar prices to grab these properties because of the recent trend in real estate investment especially in Chester Le Street area. In last 1 year alone average price buyer paid is around £138,811 based on approximately 617 sales in Chester Le Street area alone. If you compare it to last 3 years sales of 1,889 properties where buyers paid around £136,960. It has been same for some time now for e.g. if you take an average of amount paid in last 5 years, it comes to around £137,229 for 2,938 and average amount paid for purchase of approx. 3,997 properties sold in last 7 years comes to about £137,259 per sale.

 
 

Properties For Sale in Chester Le Street

 
 

Breakdown of asking prices for homes of different sizes show that price varies clearly based on no of bedrooms and type of house. Asking price for a house with 1 bedroom is around £80,650, £93,451 for a 2 bedroom house, £132,545 for a 3 bedroom house, £277,274 for a 4 bedroom house and £340,237 for a 5 bedroom house. For a flat similarly the prices varies from £57,475 for a single bedroom to £87,613 for a 2 bedroom Flat. Same is the case with 3 bedroom flat £64,950. To sum up the asking prices for properties in Chester Le Street it comes to around average £67,407 for 1 bedroom property, £92,084 for 2 bedroom, £132,041 for 3 bedroom, £277,274 for 4 bedroom and £340,237 for a 5 bedroom property.

Rent per calendar month varies similarly based on type and size of the house. If you look at the rents per month for houses alone it can vary from £269 for 1 bedroom to £435 for 2 bedroom, £502 for 3 bedroom and £936 for 4 bedroom. But if you are interested in renting a 1 bedroom flat then rent per month can be around £396. As the no. of bedroom increase so will the rent e.g. for a 2 bedroom flat it will be around £467 and £474 for 3 bedroom. You should be generally be expecting around average £353 rent per month for single bedroom property, £443 for 2 bedroom, £496 for 3 bedroom and approximately £936 for 4 bedroom property in Chester Le Street area.

Popular Houses in Chester Le Street

Disclaimer : Location real estate estimates and values are based on House price index background data and Sales data provided by United Kingdom Land registry Records available as public records from their website. This information is updated monthly on our website and may not reflect all public transactions. This information is based on estimated calculation generated from our developed algorithms. We are striving to make this information as accurate and useful as possible. This data covers the transactions received at Land Registry in the period 1/1/1995 to 9/1/2014. © Crown copyright 2014. Data produced by Land Registry © Crown copyright 2014.

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