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Millom House Prices Millom House Prices

The average house price in Millom is £98,500 using HM Land Registry data.

The average property price increased by £12,097 (10.91%) over the last 5 years and increased by £2,424 (2.01%) over the last 12 months.

Over the last year, there were 77 residential property sales – a decrease of 10 transactions (-12.99%) relative to the previous year. The majority of house sales (22) were in the £50,000 - £86,000 range. Then came properties in the £86,000 - £122,000 range, where 16 were sold within this price bracket.

Excluding fall throughs, properties are taking an average of 144 days to sell (from being listed to completion) and the average difference between asking and sold prices is £-7,746 (-5%).

In January 2025, there were 14 new estate agency instructions, 8 agreed home sales and 13 property price reductions.

Postcodes Covered: LA18

5-Year Average Property Prices in Millom

10.91%

Property prices in Millom increased by 10.91% 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 Millom Over the Last Year

2.01%

Property prices in Millom increased by 2.01% 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 Millom - January 2025

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 Millom

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 Millom

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 Millom

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 Millom since 1995

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

Recent Property Sales in Millom

AddressInitial PriceSold PricePrice ChangeFirst Listed DateSold DateDays to Sell
149 Albert Street, Millom, Cumberland, LA18 4AB£94,950£90,000-£4,95024 Sep 202412 Dec 202479 Days
31 Settle Street, Millom, Cumberland, LA18 5AR£125,000£113,000-£12,00019 Jun 202405 Dec 2024169 Days
18 Grammerscroft, Millom, Cumberland, LA18 5EJ£110,000£110,000£017 May 202403 Dec 2024200 Days
2 Derwentwater Close, Millom, Cumberland, LA18 4PF£245,000£245,000£014 Oct 202425 Nov 202442 Days
115 Albert Street, Millom, Cumberland, LA18 4AD£125,000£120,000-£5,00012 Jul 202422 Nov 2024133 Days
3 Windsor Street, Millom, Cumberland, LA18 4DU£69,950£65,000-£4,95020 Aug 202422 Nov 202494 Days
10 Lancashire Road, Millom, Cumberland, LA18 4AW£145,000£142,500-£2,50018 Jun 202422 Nov 2024157 Days
35 Lonsdale Road, Millom, Cumberland, LA18 4AP£105,000£105,000£022 Apr 202401 Nov 2024193 Days
2 Sea View, Millom, Cumberland, LA18 5BU£125,000£120,000-£5,00018 May 202428 Oct 2024163 Days
6 Windsor Street, Millom, Cumberland, LA18 4DU£49,500£49,500£009 Aug 202425 Oct 202477 Days
11 Kingsland Road, Millom, Cumberland, LA18 5BP£139,995£120,000-£19,99505 Apr 202412 Sep 2024160 Days
14 Oxford Street, Millom, Cumberland, LA18 4LJ£77,000£77,000£018 Jun 202406 Sep 202480 Days
9 Oxford Street, Millom, Cumberland, LA18 4LJ£49,999£49,999£028 May 202429 Aug 202493 Days
72 Wellington Street, Millom, Cumberland, LA18 4DQ£35,000£34,000-£1,00026 Jun 202415 Aug 202450 Days
60 Albert Street, Millom, Cumberland, LA18 4AE£70,000£65,000-£5,00007 May 202409 Aug 202494 Days
20 Oxford Street, Millom, Cumberland, LA18 4LJ£77,000£75,000-£2,00019 Mar 202402 Aug 2024136 Days
14 Kingsland Road, Millom, Cumberland, LA18 5BP£210,000£210,000£019 Jan 202429 Jul 2024192 Days
47 Albert Street, Millom, Cumberland, LA18 4AF£95,000£91,000-£4,00021 Feb 202412 Jul 2024142 Days
24 Huddleston Road, Millom, Cumberland, LA18 5AH£130,000£130,000£020 Nov 202311 Jul 2024234 Days
19 Estuary Close, Millom, Cumberland, LA18 4FH£300,000£283,000-£17,00029 Sep 202318 Jun 2024263 Days

Most Expensive Streets in Millom

PostcodeStreetAreaAverageNo. of Sales
LA18 5LEHodgson GardensMillom£304,9833
LA18 4LNLowther RoadMillom£255,0003
LA18 4FHEstuary CloseMillom£243,8754
LA18 5DSMoor RoadMillom£232,5004
LA18 4PFDerwentwater CloseMillom£228,3333
LA18 4PBWindermere GardensMillom£213,1254
LA18 4PJThirlmere CloseMillom£200,0004
LA18 5ADSalthouse RoadMillom£187,5004
LA18 4PLButtermere DriveMillom£180,6586
LA18 5DDChurchill DriveMillom£179,7504

Least Expensive Streets in Millom

PostcodeStreetAreaAverageNo. of Sales
LA18 4DQWellington StreetMillom£39,6663
LA18 4BGQueen StreetMillom£44,7774
LA18 4BLLord StreetMillom£52,5717
LA18 4DWNelson StreetMillom£52,6663
LA18 4BNLord StreetMillom£59,9005
LA18 4DRNewton StreetMillom£62,80010
LA18 4LHSurrey StreetMillom£63,27510
LA18 4ABAlbert StreetMillom£65,6878
LA18 4DTNewton StreetMillom£66,4166
LA18 4DGWellington StreetMillom£67,0004

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