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Millom House Prices

The average house price in Millom is £136,374 using HM Land Registry data.

The average property price increased by £21,054 (20.11%) over the last 5 years and increased by £4,209 (3.46%) over the last 12 months.

Over the last year, there were 78 residential property sales – a decrease of 12 transactions (-15.38%) relative to the previous year. The majority of house sales (17) were in the £50,000 - £86,000 range. Then came properties in the £86,000 - £122,000 range, where 17 were sold within this price bracket.

Excluding fall throughs, properties are taking an average of 62 days to sell (from being listed to completion) and the average difference between asking and sold prices is £-8,292 (-6%).

In Oct 24, there were 14 new estate agency instructions, 16 agreed home sales and 17 property price reductions.

5-Year Average Property Prices in Millom

20.11%

Property prices in Millom increased by 20.11% 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

3.46%

Property prices in Millom increased by 3.46% 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 Millom - 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 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

Address	Initial Price	Sold Price	Price Change	First Listed Date	Sold Date	Days to Sell
20 Oxford Street, Millom, Cumberland, LA18 4LJ	£77,000	£75,000	-£2,000	19 Mar 2024	02 Aug 2024	136 Days
47 Albert Street, Millom, Cumberland, LA18 4AF	£95,000	£91,000	-£4,000	21 Feb 2024	12 Jul 2024	142 Days
19 Estuary Close, Millom, Cumberland, LA18 4FH	£300,000	£283,000	-£17,000	29 Sep 2023	18 Jun 2024	263 Days
9 Victoria Street, Millom, Cumberland, LA18 5AS	£135,000	£130,000	-£5,000	17 Jan 2024	18 Jun 2024	153 Days
181 Albert Street, Millom, Cumberland, LA18 4AB	£49,500	£41,000	-£8,500	24 Nov 2023	07 Jun 2024	196 Days
78 Lonsdale Road, Millom, Cumberland, LA18 4AR	£60,000	£55,000	-£5,000	04 Mar 2024	16 May 2024	73 Days
27 Oxford Street, Millom, Cumberland, LA18 4LJ	£62,500	£62,500	£00	06 Dec 2023	10 May 2024	156 Days
8 Huddleston Road, Millom, Cumberland, LA18 5AH	£165,000	£125,000	-£40,000	02 Nov 2023	26 Apr 2024	176 Days
177 Albert Street, Millom, Cumberland, LA18 4AB	£92,000	£91,500	-£500	15 Jan 2024	23 Apr 2024	99 Days
21 Lancashire Road, Millom, Cumberland, LA18 4AN	£130,000	£126,000	-£4,000	13 Jun 2023	03 Apr 2024	295 Days
44 - 46, Queen Street, Millom, Cumberland, LA18 4DN	£114,995	£110,000	-£4,995	05 Jan 2024	28 Mar 2024	83 Days
11 Robinson Row, Millom, Cumberland, LA18 5BT	£90,000	£85,000	-£5,000	30 Aug 2023	28 Mar 2024	211 Days
28 Oxford Street, Millom, Cumberland, LA18 4LJ	£75,000	£70,000	-£5,000	10 Oct 2023	22 Mar 2024	164 Days
40 Newton Street, Millom, Cumberland, LA18 4DR	£69,995	£67,000	-£2,995	24 Jan 2024	22 Mar 2024	58 Days
67 Market Street, Millom, Cumberland, LA18 4AH	£115,000	£110,000	-£5,000	21 Dec 2023	22 Mar 2024	92 Days
49 Festival Road, Millom, Cumberland, LA18 5AN	£140,000	£135,000	-£5,000	21 Jul 2023	19 Mar 2024	242 Days
26 Oxford Street, Millom, Cumberland, LA18 4LJ	£72,500	£70,000	-£2,500	06 Oct 2023	15 Mar 2024	161 Days
22 Pannatt Hill, Millom, Cumberland, LA18 5DB	£220,000	£210,000	-£10,000	23 Mar 2023	08 Mar 2024	351 Days
4 Lapstone Road, Millom, Cumberland, LA18 4BU	£52,000	£52,000	£00	17 Jan 2024	08 Mar 2024	51 Days
12 Thirlmere Close, Millom, Cumberland, LA18 4PJ	£175,000	£162,500	-£12,500	03 Nov 2023	08 Feb 2024	97 Days

Most Expensive Streets in Millom

Postcode	Street	Area	Average	No. of Sales
LA18 5LE	Hodgson Gardens	Millom	£304,983	3
LA18 4LN	Lowther Road	Millom	£255,000	3
LA18 4FH	Estuary Close	Millom	£243,875	4
LA18 5DB	Pannatt Hill	Millom	£235,000	3
LA18 5DS	Moor Road	Millom	£232,500	4
LA18 4PB	Windermere Gardens	Millom	£213,125	4
LA18 4PJ	Thirlmere Close	Millom	£200,000	4
LA18 5AD	Salthouse Road	Millom	£185,000	3
LA18 4PL	Buttermere Drive	Millom	£180,658	6
LA18 5DD	Churchill Drive	Millom	£179,750	4

Least Expensive Streets in Millom

Postcode	Street	Area	Average	No. of Sales
LA18 4BG	Queen Street	Millom	£44,777	4
LA18 4BL	Lord Street	Millom	£50,437	8
LA18 4DW	Nelson Street	Millom	£52,666	3
LA18 4BN	Lord Street	Millom	£55,916	6
LA18 4AB	Albert Street	Millom	£62,214	7
LA18 4DT	Newton Street	Millom	£63,500	7
LA18 4DR	Newton Street	Millom	£63,666	9
LA18 4LH	Surrey Street	Millom	£64,075	10
LA18 4DG	Wellington Street	Millom	£67,000	4
LA18 4DP	Nelson Street	Millom	£68,833	3