DH4 (Houghton Le Spring) area guide

DH4
Houghton Le Spring
The DH4 postcode district lies within or includes part of the following towns, counties, localities, electoral wards and stations: Bournmoor, Burnmoor, Chilton Moor, Colliery Row, Copt Hill, Dubmire, Durham, Fencehouses, Framwellgate Moor, Grasswell, Herrington Burn, Herrington Hill, Hetton, Houghton, Houghton Le Spring, Leamside, Lumley, Middle Rainton, New Herrington, New Lambton, New Penshaw, Newbottle, Old Penshaw, Penshaw, Philadelphia, Pittington and West Rainton, Rainton Gate, Sedgeletch, Shiney Row, Stoneygate, Sunniside, Washington East, West Herrington, West Rainton, Woodstone Village.
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Notes:

A Mouseprice property guide for DH4 Houghton Le Spring is coming soon. In the meantime, please have a look at the raw data and statistics about DH4 that can be found by click the relevant links on the left hand side.

Old area guide:

The commentary below was written for the mouseprice.com website in 2006, please be aware that the comments below might be out of date. We recommend disregarding these comments in favour of the data that can be found either above or in the other sections of this website.

Market trends:

Durham propertyThe size of the property market in DH4 is 13898 homes.

Durham propertyProperty in this postcode district (DH4) has been growing at a nominal annual rate of 16.3% over the last 5 years. This rate can be indicative ofa dynamic local economy and housing market. Property price growth in this area has significantly exceeded growth in earnings and the national average house price growth, and so the likelihood of it continuing will be dependent upon price earnings ratio, as well as investment by developers and local authorities in continually upgrading local infrastructure, schools, in addition to the continued strength of the local and national economies and any other economies upon which the area depends.

Durham propertyThe average property in this postcode district was valued at £148089 over the last 3 months.

Durham propertySince most banks lend money to buy property using their customers’ salary as a indicator of affordability, the price earnings ratio is a useful guide as to whether property in an area is expensive or not. Price Earnings Ratio in this postcode district is 8.1.

Durham propertyNew transactions as a percentage of overall sales are 23.2%.

Housing stock:

Houghton Le Spring propertySemi- Detached Houses make up the most significant portion of the housing stock, representing 43.6% of the total.

Houghton Le Spring propertyThe least common type of property in this area is Flats (4.2% of the total housing stock).

Houghton Le Spring propertyThis is an area with a high proportion of property suitable for families with children.

Houghton Le Spring propertyA high proportion of property in this area is socially rented.

Houghton Le Spring propertyThe majority of property in this area is owner occupied.

Houghton Le Spring propertyThe average price of a two bed property in this area is less that the national average of £187894 at £121449.

Who lives here:

Houghton Le Spring propertyThere are 15723 men and 16845 women in this postcode district.
Houghton Le Spring propertyThe average age in this area is 38.
Houghton Le Spring propertyThis area has a high percentage of married people at 26.6%.
Houghton Le Spring propertyAverage working hours in this area for men are 41 and for women are 31.
Houghton Le Spring propertyThis area has 9.5 people per square kilometre.
Houghton Le Spring propertyThe largest source of work in this area is Health & Social Work (18.4% of workers), followed by Wholesale & Retail (16.2%).