Key indicators for buyers
The DH99 market is moderately favourable for buyers. Affordability has improved from a peak of 5.6x in 2006 to 4.3x today. Rising rents (£629/mo, +6.6%) mean the cost of waiting is real.
Yearly averages · HM Land Registry Price Paid Data
The average property in DH99 sold for £750,000 in 2015, with a median of £750,000 across 1 transactions.
House price ÷ median earnings · ONS data
Affordability data shown for wider County Durham area
A home in County Durham costs 4.3x the local median salary — relatively affordable, improving from a peak of 5.6x in 2006.
Average monthly rent · ONS Private Rental Index
Rental data shown for wider County Durham area
Average monthly rent in County Durham is £629, up 6.6% year-on-year. Rents have risen consistently over the past five years.
2yr fixed · 75% LTV · 25yr term · BoE avg. rate
Based on the average County Durham price of £750,000 with a 25% deposit (£188k), a 2-year fixed mortgage at 3.97% costs around £2,960 per month.
Monthly cost comparison based on current data
Uses DH99 avg. price with County Durham rental data
Monthly mortgage payments (£2,960) are £2,331 more than renting (£629). However, buying requires an upfront deposit of £188k — it would take around 15625 years to recoup that cost compared to renting and investing the difference.
Latest transactions · HM Land Registry Price Paid Data
| Address | Type | Price | Date |
|---|---|---|---|
F R S B, NATIONAL SAVINGS DH99 1NZ | Other | £750,000 | 21 Oct 2015 |
The most recent recorded sale in DH99 was a other property for £750,000 in October 2015. Across the last 1 sales, the median price was £750,000.
Data sources (all free & public): HM Land Registry Price Paid Data & UK House Price Index · ONS Housing Affordability Ratios · ONS Private Rental Index · Bank of England Quoted Household Interest Rates · HMRC Monthly Property Transactions
Contains HM Land Registry data © Crown copyright and database right 2021. This data is licensed under the Open Government Licence v3.0.