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Penrith House Prices Penrith House Prices

The average house price in Penrith is £220,389 using HM Land Registry data.

The average property price increased by £26,657 (12.98%) over the last 5 years and increased by £5,329 (2.35%) over the last 12 months.

Over the last year, there were 273 residential property sales – a decrease of 108 transactions (-39.56%) relative to the previous year. The majority of house sales (67) were in the £164,000 - £218,000 range. Then came properties in the £110,000 - £164,000 range, where 58 were sold within this price bracket.

Excluding fall throughs, properties are taking an average of 84 days to sell (from being listed to completion) and the average difference between asking and sold prices is £-8,004 (-2%).

In Oct 24, there were 43 new estate agency instructions, 36 agreed home sales and 29 property price reductions.

Postcodes Covered: CA10, CA11

5-Year Average Property Prices in Penrith

12.98%

Property prices in Penrith increased by 12.98% 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 Penrith Over the Last Year

2.35%

Property prices in Penrith increased by 2.35% 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 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 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 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 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 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 Penrith since 1995

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

Recent Property Sales in 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
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
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
72 Clifford Road, Penrith, Westmorland And Furness, CA11 8PT£265,000£260,000-£5,00003 Nov 202313 May 2024192 Days
44 Foster Street, Penrith, Westmorland And Furness, CA11 7PD£130,000£118,000-£12,00011 Sep 202309 May 2024241 Days
2 Lark Field, Penrith, Westmorland And Furness, CA11 7NY£158,000£152,000-£6,00015 Mar 202403 May 202449 Days

Most Expensive Streets in Penrith

PostcodeStreetAreaAverageNo. of Sales
CA11 8BNBeacon EdgePenrith£622,5004
CA11 7ULNicholson LanePenrith£568,8475
CA11 8FZMulberry GardensPenrith£509,4378
CA11 8REWinters ParkPenrith£488,8333
CA11 9GSKitchen GardensPenrith£459,9624
CA11 8BJFell LanePenrith£457,6254
CA11 8BEBeacon GardensPenrith£442,5003
CA11 8ALManor ParkCarleton£436,1279
CA11 7UABeacon StreetPenrith£417,3333
CA11 8EYCold Springs ParkPenrith£416,2504

Least Expensive Streets in Penrith

PostcodeStreetAreaAverageNo. of Sales
CA11 7AFLangton CourtPenrith£59,4163
CA11 8BDVictoria HouseVictoria Road£74,6663
CA11 7YJHutton CourtBenson Row£88,3005
CA11 8QDClifford ClosePenrith£97,7505
CA11 7BLGreat DockrayPenrith£99,3333
CA11 8EUWhelpdale HouseRoper Street, Penrith£100,72712
CA11 9BENorfolk PlacePenrith£104,81714
CA11 8HHGlasson CourtPenrith£109,37116
CA11 8UDHelmsley ClosePenrith£109,7506
CA11 8HJTynefield CourtBridge Lane£111,3577

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