DH2 (Chester Le Street) area guide
Chester Le Street
The DH2 postcode district lies within or includes part of the following towns, counties, localities, electoral wards and stations: Birtley, Chester Central, Chester Le Street, Chester Moor, Chester North, Chester South, Chester West, Drum Industrial Estate, Durham, Edmondsley and Waldridge, Grange Villa, Grange Villa and West Pelton, Hett Hills, High Flatts, High Hold, Kimblesworth, Kimblesworth and Plawsworth, Lamesley, Low Urpeth, Nettlesworth, Newfield, North Lodge, Ouston, Pelton, Pelton Fell, Perkinsville, Plawsworth, Plawsworth Gate, South Pelaw, Tan Hills, Urpeth, Waldridge.
A Mouseprice property guide for DH2 Chester Le Street is coming soon. In the meantime, please have a look at the raw data and statistics about DH2 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commentary below was written for the mouseprice.com website in 2006, please be aware that the comments below might be out of date.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.
The size of the property market in DH2 is 13838 homes.
When growth averages 16.3% over a 5 year period, as in this postcode district, there are a number of possible explanations, for example that this isa 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.
Over the last 3 months, the average property value for this postcode district has been £135830.
Since 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 7.
New transactions as a percentage of overall sales are 1.9%.
The most commonly found type of housing in this area are Semi- Detached Houses, making up 40.1% of the housing stock.
The least common type of property in this area is Flats (7.4% of the total housing stock).
A high proportion of property in this area is socially rented.
The majority of property in this area is owner occupied.
The average price of a two bed property in this area is £107926, significantly less then the national average of £187894.
Who lives here:
Total population in this area is 31172.
The average age in this area is 38.
This area has a high percentage of married people at 24.5%.
Average working hours in this area for men are 42 and for women are 31.
This area has 11.7 people per square kilometre.
The largest source of work in this area is Health & Social Work (17.5% of workers), followed by Wholesale & Retail (17.5%).