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House Prices in LA7

The average house price in LA7 (Milnthorpe) is £185,000 using HM Land Registry data.

The average property price increased by £64,597 (8.86%) over the last 5 years and increased by £12,943 (1.51%) over the last 12 months.

Over the last year, there were 63 residential property sales – a decrease of 4 transactions (-6.35%) relative to the previous year. The majority of house sales (18) were in the £170,000 - £256,000 range. Then came properties in the £256,000 - £342,000 range, where 16 were sold within this price bracket.

Excluding fall throughs, properties are taking an average of 142 days to sell (from being listed to completion) and the average difference between asking and sold prices is £-11,739 (-3%).

In Dec 24, there were 6 new estate agency instructions, 5 agreed home sales and 2 property price reductions.

5-Year Average Property Prices in LA7 (Milnthorpe)

8.86%

Property prices in Milnthorpe increased by 8.86% in last 5 years.

The trend shows the general price tendency over the last 5 years, ignoring all month-to-month fluctuations where anomalies - typically over or underpriced property sales - can skew results. These monthly variations typically do not have any long-term relevance.

We have used linear regression method. The volume of sales in a month is used to put more weight on months with a larger number of properties sold. Additionally, weighting decreases the impact of months with low sales volumes as well as the most recent month - which may consist of incomplete data. Such months have a higher variation of average sale values which may conceal the underlying trend.

From a statistical perspective, we use the least squares method to fit the trend line and weights are equal to the volume of sales squared. The volume of sales is not shown explicitly in the above plot. Also note the time lag for HM Land Registry data to appear (typically 2 to 3 months).

Average Property Prices in LA7 (Milnthorpe) Over the Last Year

1.51%

Property prices in Milnthorpe increased by 1.51% in last 12 months.

The trend shows the general price tendency over the last 12 months, ignoring all month-to-month fluctuations where anomalies - typically over or underpriced property sales - can skew results. These monthly variations typically do not have any long-term relevance.

Property Market Heat Gauge for LA7 (Milnthorpe) - Dec 24

Our Property Market Heat Gauge looks at how long properties in your postcode district have been on the open market before being changed to sold 'Subject to Contract' ('STC') or 'Under Offer' on Rightmove (the UK's leading property portal).

At 81 to 100 days, the broad evidence suggests a very slow moving market. This can often be due to estate agency over-valuations out of sync with the realities, a notable market slowdown or a combination of both. In such scenarios, vendors may either choose to wait for the market to pick up (which may result in relisting the property at a later date). Those committed to selling will often need to drop the price to a level that will entice genuine homebuyer interest or approach a sell house fast or auction company like Property Solvers.

Please note that this is not an indicator of how quickly property sales are taking to complete (i.e. to go through the whole conveyancing process). This measurement also does not take into account the risk of home sales falling through.

No. of New Instructions Over the Last 12 Months in LA7 (Milnthorpe)

Using local estate agency reported data, this chart illustrates the number of properties that have come on to the market.

No. of Agreed Home Sales Over the Last 12 Months in LA7 (Milnthorpe)

Using local estate agency reported data, this chart illustrates the number of property sales agreed. Note that these figures are not fully reflective of properties completed (sold and registered as such at HM Land Registry).

No. of Properties with Price Reductions in LA7 (Milnthorpe)

Using local estate agency reported data, this chart illustrates the number of properties which have been seen their prices dropped (typically due to a lack of buyer interest).

Average Annual House Prices in the LA7 (Milnthorpe) Postcode since 1995

Using HM Land Registry data, this chart displays average annual house prices in the LA7 postcode area since 1995.

Recent Sales in LA7 (Milnthorpe)

Address	Initial Price	Sold Price	Price Change	First Listed Date	Sold Date	Days to Sell
Highfield, Hill Top, Milnthorpe, Westmorland And Furness, LA7 7RD	£395,000	£395,000	£00	22 Jul 2024	12 Nov 2024	113 Days
4 Wyndsore Avenue, Milnthorpe, Westmorland And Furness, LA7 7DB	£245,000	£245,000	£00	12 Jun 2024	11 Nov 2024	152 Days
12 St Anthonys Hill, Milnthorpe, Westmorland And Furness, LA7 7DU	£215,000	£209,500	-£5,500	24 Jul 2024	06 Nov 2024	105 Days
Brantwood, Heathwaite Close, Storth, Milnthorpe, Westmorland And Furness, LA7 7JS	£850,000	£812,000	-£38,000	22 Dec 2023	17 Oct 2024	300 Days
35 Church Street, Milnthorpe, Westmorland And Furness, LA7 7DX	£280,000	£275,000	-£5,000	04 Jun 2024	12 Sep 2024	100 Days
31a, Summerville Road, Milnthorpe, Westmorland And Furness, LA7 7DF	£340,000	£323,500	-£16,500	25 Sep 2023	05 Jul 2024	284 Days
16 Dallam Chase, Milnthorpe, Westmorland And Furness, LA7 7DW	£335,000	£327,500	-£7,500	28 Jul 2023	31 May 2024	308 Days
1a, Hill Crest Drive, Slack Head, Milnthorpe, Westmorland And Furness, LA7 7BB	£650,000	£650,000	£00	05 Feb 2024	20 May 2024	105 Days
Dynedin, Woodhouse Lane, Heversham, Milnthorpe, Westmorland And Furness, LA7 7EW	£360,000	£360,000	£00	29 Jan 2024	26 Apr 2024	88 Days
10 Summerville Road, Milnthorpe, Westmorland And Furness, LA7 7DF	£240,000	£235,000	-£5,000	01 Aug 2023	15 Apr 2024	258 Days
4 Sycamore Grove, Ackenthwaite, Milnthorpe, Westmorland And Furness, LA7 7DS	£320,000	£320,000	£00	07 Nov 2023	19 Mar 2024	133 Days
2 Parsons Way, Hincaster, Milnthorpe, Westmorland And Furness, LA7 7ND	£285,000	£285,000	£00	11 Oct 2023	05 Feb 2024	117 Days
16 Hillcrest, Milnthorpe, Westmorland And Furness, LA7 7RG	£235,000	£235,000	£00	18 Oct 2023	26 Jan 2024	100 Days
1 Strand Cottages, Milnthorpe, Westmorland And Furness, LA7 7AE	£400,000	£380,000	-£20,000	21 Aug 2023	19 Jan 2024	151 Days
26 Burntbarrow, Storth, Milnthorpe, Westmorland And Furness, LA7 7JW	£280,000	£140,000	-£140,000	01 Jun 2023	11 Jan 2024	224 Days
5 Tarn Close, Storth, Milnthorpe, Westmorland And Furness, LA7 7HZ	£320,000	£310,000	-£10,000	13 Oct 2023	09 Jan 2024	88 Days
15 Chestnut Way, Milnthorpe, Westmorland And Furness, LA7 7RB	£375,000	£360,000	-£15,000	15 Aug 2023	24 Nov 2023	101 Days
4 The Willows, Milnthorpe, Westmorland And Furness, LA7 7PR	£375,000	£375,000	£00	28 Apr 2023	24 Nov 2023	210 Days
6 Dallam View, Milnthorpe, Westmorland And Furness, LA7 7QX	£240,000	£232,000	-£8,000	17 Jul 2023	17 Nov 2023	123 Days
6 Nuns Avenue, Milnthorpe, Westmorland And Furness, LA7 7JX	£175,000	£175,000	£00	27 Sep 2023	16 Nov 2023	50 Days

Most Expensive Streets in LA7 (Milnthorpe)

Postcode	Street	Area	Average	No. of Sales
LA7 7FR	Viver Green, Hincaster	Milnthorpe	£786,666	3
LA7 7DQ	Ackenthwaite	Milnthorpe	£746,666	3
LA7 7BB	Hill Crest Drive, Slack Head	Milnthorpe	£600,500	3
LA7 7JA	Storth Road, Storth	Milnthorpe	£595,666	3
LA7 7BE	Leighton Drive, Slack Head	Milnthorpe	£569,000	3
LA7 7BL	Hale	Milnthorpe	£511,666	3
LA7 7ET	Leasgill	Milnthorpe	£477,357	7
LA7 7ND	Hincaster	Milnthorpe	£451,533	3
LA7 7DN	Whassett	Milnthorpe	£438,333	9
LA7 7JD	Shaw Lane, Storth	Milnthorpe	£433,750	4

Least Expensive Streets in LA7 (Milnthorpe)

Postcode	Street	Area	Average	No. of Sales
LA7 7RE	Bela Forge	Milnthorpe	£98,942	5
LA7 7DR	Owlet Ash Fields	Milnthorpe	£143,083	6
LA7 7DA	Owlet Ash Fields	Milnthorpe	£161,330	5
LA7 7AD	Park Road	Milnthorpe	£167,916	6
LA7 7PU	Ryleyfield Road	Milnthorpe	£173,900	5
LA7 7HN	Watersedge, Sandside	Milnthorpe	£176,142	7
LA7 7QF	Firs Road	Milnthorpe	£176,241	6
LA7 7DU	St Anthonys Hill	Milnthorpe	£184,062	8
LA7 7PT	Ryleyfield Road	Milnthorpe	£186,250	4
LA7 7ED	Pickles Field	Milnthorpe	£203,250	4