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Workington House Prices

The average house price in Workington is £114,275 using HM Land Registry data.

The average property price increased by £6,099 (5.03%) over the last 5 years and increased by £1,220 (0.97%) over the last 12 months.

Over the last year, there were 267 residential property sales – a decrease of 92 transactions (-34.46%) relative to the previous year. The majority of house sales (65) were in the £60,000 - £92,000 range. Then came properties in the £92,000 - £124,000 range, where 58 were sold within this price bracket.

Excluding fall throughs, properties are taking an average of 57 days to sell (from being listed to completion) and the average difference between asking and sold prices is £-4,314 (-3%).

In Oct 24, there were 45 new estate agency instructions, 33 agreed home sales and 22 property price reductions.

5-Year Average Property Prices in Workington

5.03%

Property prices in Workington increased by 5.03% 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 Workington Over the Last Year

0.97%

Property prices in Workington increased by 0.97% 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 Workington - 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 41 to 60 days, the broad evidence suggests that the market is reasonably slow moving. Although some sellers in your postcode may be willing to wait up to 9 weeks, this data would suggest that estate agents may be overvaluing properties. In such scenarios, some vendors may either choose to wait for the market to pick up (which may result in 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 Workington

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 Workington

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 Workington

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 Workington since 1995

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

Recent Property Sales in Workington

Address	Initial Price	Sold Price	Price Change	First Listed Date	Sold Date	Days to Sell
24 Findlay Place, Workington, Cumberland, CA14 2XG	£85,000	£85,000	£00	07 May 2024	23 Aug 2024	108 Days
33 Berwick Street, Workington, Cumberland, CA14 3EN	£137,000	£133,750	-£3,250	04 May 2024	23 Aug 2024	111 Days
14 Infirmary Road, Workington, Cumberland, CA14 2UG	£95,000	£95,000	£00	01 Apr 2024	16 Aug 2024	137 Days
19 Newlands Lane, Workington, Cumberland, CA14 3NF	£250,000	£250,000	£00	21 May 2024	12 Aug 2024	83 Days
29 Harcourt Street, Workington, Cumberland, CA14 2XL	£67,500	£67,000	-£500	28 Sep 2023	02 Aug 2024	309 Days
33 Stanbeck Meadows, Workington, Cumberland, CA14 3ND	£230,000	£230,000	£00	28 Mar 2024	02 Aug 2024	127 Days
2 Church Road Terrace, High Harrington, Workington, Cumberland, CA14 5PL	£140,000	£140,000	£00	05 Feb 2024	16 Jul 2024	162 Days
148 Newlands Lane South, Workington, Cumberland, CA14 3NW	£140,000	£140,000	£00	15 Apr 2024	05 Jul 2024	81 Days
18 Station Road, Workington, Cumberland, CA14 2UZ	£135,000	£125,000	-£10,000	22 Jun 2022	18 Jun 2024	727 Days
26 Dora Crescent, Workington, Cumberland, CA14 2EZ	£107,500	£102,000	-£5,500	07 Mar 2024	14 Jun 2024	99 Days
67 Broadacres, High Harrington, Workington, Cumberland, CA14 5RN	£220,000	£215,000	-£5,000	14 Mar 2024	14 Jun 2024	92 Days
15a, Thirlmere Avenue, Workington, Cumberland, CA14 3HZ	£220,000	£205,000	-£15,000	26 Dec 2023	14 Jun 2024	171 Days
9 Brown Street, Workington, Cumberland, CA14 2NL	£90,000	£88,500	-£1,500	13 Feb 2024	31 May 2024	108 Days
18 Ashton Street, Workington, Cumberland, CA14 3HD	£130,000	£130,000	£00	01 Mar 2024	31 May 2024	91 Days
64 Windsor Road, Workington, Cumberland, CA14 5BJ	£100,000	£97,000	-£3,000	10 Feb 2024	22 May 2024	102 Days
41 Bowness Court, Workington, Cumberland, CA14 3SG	£100,000	£92,500	-£7,500	26 Feb 2024	20 May 2024	84 Days
25 Gladstone Street, Workington, Cumberland, CA14 2XH	£114,995	£114,995	£00	01 Nov 2023	17 May 2024	198 Days
6 Broadacres, High Harrington, Workington, Cumberland, CA14 5RL	£190,000	£180,000	-£10,000	22 Jan 2024	25 Apr 2024	94 Days
32 Elterwater Avenue, Workington, Cumberland, CA14 3JZ	£179,950	£179,950	£00	18 Jan 2024	25 Apr 2024	98 Days
61 Holden Road, Salterbeck, Workington, Cumberland, CA14 5LZ	£115,000	£115,000	£00	12 Jan 2024	23 Apr 2024	102 Days

Most Expensive Streets in Workington

Postcode	Street	Area	Average	No. of Sales
CA14 4HF	Ellerbeck Lane	Workington	£457,500	3
CA14 5NU	The Meadows	High Harrington	£268,612	4
CA14 5NW	The Meadows	High Harrington	£262,620	10
CA14 4HE	Ellerbeck Lane	Workington	£253,833	6
CA14 3ND	Stanbeck Meadows	Workington	£241,250	4
CA14 2JD	Stanley Street	Workington	£237,666	3
CA14 3HW	Hawkshead Avenue	Workington	£231,375	4
CA14 4ET	High Street	Workington	£231,333	6
CA14 4DW	James Duffield Close	Workington	£222,000	5
CA14 3HT	Ashfield Road	Workington	£214,200	5

Least Expensive Streets in Workington

Postcode	Street	Area	Average	No. of Sales
CA14 2NT	Scalebeck Court	Workington	£43,250	4
CA14 3TN	Moss Bay Road	Workington	£50,987	4
CA14 2BY	Yeowartville	Workington	£54,000	3
CA14 2BX	Yeowartville	Workington	£54,166	3
CA14 2XT	Milburn Street	Workington	£57,214	7
CA14 3TF	Moss Bay Road	Workington	£57,875	4
CA14 2SS	Blackburn Street	Workington	£58,750	4
CA14 2XZ	Clay Street	Workington	£59,045	11
CA14 3TG	Moss Bay Road	Workington	£59,666	3
CA14 3TQ	Moss Bay Road	Workington	£61,000	5