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House Prices in CA11 House Prices in CA11 (Penrith)

The average house price in CA11 (Penrith) is £253,607 using HM Land Registry data.

The average property price increased by £37,980 (14.09%) over the last 5 years and increased by £7,610 (2.31%) over the last 12 months.

Over the last year, there were 250 residential property sales – a decrease of 227 transactions (-90.80%) relative to the previous year. The majority of house sales (62) were in the £110,000 - £178,000 range. Then came properties in the £178,000 - £246,000 range, where 53 were sold within this price bracket.

Excluding fall throughs, properties are taking an average of 80 days to sell (from being listed to completion) and the average difference between asking and sold prices is £-8,334 (-3%).

In Oct 24, there were 64 new estate agency instructions, 52 agreed home sales and 46 property price reductions.

Nearby Postcodes: CA1, CA10, CA12, CA13, CA15, CA16, CA17, CA2, CA20, CA4, CA5, CA6, CA7, CA8, CA9, DG12, DG16, LA10, LA11, LA12, LA20, LA21, LA22, LA23, LA6, LA7, LA8, LA9

5-Year Average Property Prices in CA11 (Penrith)

14.09%

Property prices in Penrith increased by 14.09% 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 CA11 (Penrith) Over the Last Year

2.31%

Property prices in Penrith increased by 2.31% 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.

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).

Property Market Heat Gauge for CA11 (Penrith) - Oct 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 61 to 80 days, the broad evidence suggests a slow moving market. This can often be due to estate agency over-valuations out of sync with the realities, a market slowdown or a combination of both. In such scenarios, some vendors may either choose to wait for the market to pick up (which may result in some relisting the property at a later date). Others simply reduce the price to a level that will entice more buyer 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 CA11 (Penrith)

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 CA11 (Penrith)

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 CA11 (Penrith)

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 CA11 (Penrith) Postcode since 1995

Using HM Land Registry data, this chart displays average annual house prices in the CA11 postcode area since 1995.

Recent Sales in CA11 (Penrith)

AddressInitial PriceSold PricePrice ChangeFirst Listed DateSold DateDays to Sell
45 Clifford Road, Penrith, Westmorland And Furness, CA11 8PP£230,000£218,000-£12,00023 May 202423 Aug 202492 Days
37 Maple Drive, Penrith, Westmorland And Furness, CA11 8TU£270,000£270,000£0031 May 202419 Aug 202480 Days
Flat 2, Acorn House, Oak Road, Penrith, Westmorland And Furness, CA11 8TS£145,000£142,000-£3,00018 Apr 202415 Aug 2024119 Days
13 Willow Close, Penrith, Westmorland And Furness, CA11 8TH£247,000£243,000-£4,00012 Apr 202409 Aug 2024119 Days
27 Foster Street, Penrith, Westmorland And Furness, CA11 7PA£175,000£168,000-£7,00028 Feb 202409 Aug 2024163 Days
25 Croft Terrace, Penrith, Westmorland And Furness, CA11 7RU£365,000£365,000£0027 Mar 202409 Aug 2024135 Days
39 Croft Avenue, Penrith, Westmorland And Furness, CA11 7RG£270,000£247,000-£23,00030 Apr 202408 Aug 2024100 Days
88 Wilson Row, Penrith, Westmorland And Furness, CA11 7PZ£85,000£85,000£0017 Apr 202402 Aug 2024107 Days
42 Meadow Croft, Penrith, Westmorland And Furness, CA11 8EH£225,000£225,000£0014 May 202424 Jul 202471 Days
21 Laburnum Way, Penrith, Westmorland And Furness, CA11 8UJ£250,000£248,000-£2,00017 Feb 202422 Jul 2024156 Days
2 The Parklands, Penrith, Westmorland And Furness, CA11 8TF£420,000£410,000-£10,00002 Aug 202322 Jul 2024355 Days
2 Kilmond Gardens, Carleton Village, Penrith, Westmorland And Furness, CA11 8WT£298,000£298,000£0018 Apr 202415 Jul 202488 Days
18 Tynefield Drive, Penrith, Westmorland And Furness, CA11 8JA£260,000£250,000-£10,00014 Mar 202408 Jul 2024116 Days
4 Castle Drive, Penrith, Westmorland And Furness, CA11 7DW£180,000£180,000£0012 Mar 202421 Jun 2024101 Days
36 Howard Park, Greystoke, Penrith, Westmorland And Furness, CA11 0TU£275,000£268,000-£7,00026 Mar 202414 Jun 202480 Days
2 Apple Garth, Stainton, Penrith, Westmorland And Furness, CA11 0DD£485,000£480,000-£5,00021 Aug 202311 Jun 2024295 Days
21 Macadam Gardens, Penrith, Westmorland And Furness, CA11 9HS£225,000£215,000-£10,00027 Dec 202310 Jun 2024166 Days
62 Castle Hill Road, Penrith, Westmorland And Furness, CA11 7HD£170,000£165,000-£5,00012 Nov 202307 Jun 2024208 Days
5 Greystoke Park Road, Penrith, Westmorland And Furness, CA11 9BT£185,000£185,000£0012 Mar 202431 May 202480 Days
31 Albert Street, Penrith, Westmorland And Furness, CA11 7XA£150,000£140,000-£10,00014 Sep 202324 May 2024253 Days

Most Expensive Streets in CA11 (Penrith)

PostcodeStreetAreaAverageNo. of Sales
CA11 0UPFort Putnam, GreystokePenrith£724,1663
CA11 0LRLambgill Bank, WatermillockPenrith£719,1663
CA11 0NZHartsopPenrith£628,3333
CA11 8BNBeacon EdgePenrith£622,5004
CA11 0LTWatermillockPenrith£619,1666
CA11 7ULNicholson LanePenrith£568,8475
CA11 9TESkeltonPenrith£550,1254
CA11 0XYHutton RoofPenrith£548,8005
CA11 8FZMulberry GardensPenrith£509,4378
CA11 0ESStaintonPenrith£494,4378

Least Expensive Streets in CA11 (Penrith)

PostcodeStreetAreaAverageNo. of Sales
CA11 7AFLangton CourtPenrith£59,4163
CA11 8BDVictoria House, Victoria RoadPenrith£74,6663
CA11 7YJHutton Court, Benson RowPenrith£88,3005
CA11 8QDClifford ClosePenrith£97,7505
CA11 7BLGreat DockrayPenrith£99,3333
CA11 8EUWhelpdale House, Roper Street, PenrithPenrith£100,72712
CA11 9BENorfolk PlacePenrith£104,81714
CA11 8HHGlasson CourtPenrith£109,37116
CA11 8UDHelmsley ClosePenrith£109,7506
CA11 8HJTynefield Court, Bridge LanePenrith£111,3577

Explore CA11 (Penrith) using map

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