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Askam in Furness House Prices Askam in Furness House Prices

The average house price in Askam in Furness is £365,916 using HM Land Registry data.

The average property price increased by £46,048 (27.72%) over the last 5 years and increased by £9,204 (4.53%) over the last 12 months.

Over the last year, there were 44 residential property sales – a decrease of 24 transactions (-54.55%) relative to the previous year. The majority of house sales (14) were in the £70,000 - £136,000 range. Then came properties in the £202,000 - £268,000 range, where 9 were sold within this price bracket.

Excluding fall throughs, properties are taking an average of 73 days to sell (from being listed to completion) and the average difference between asking and sold prices is £-10,187 (-4%).

In April 2024, there were 8 new estate agency instructions, 5 agreed home sales and 4 property price reductions.

Postcodes Covered: LA16

5-Year Average Property Prices in Askam in Furness

27.72%

Property prices in Askam in Furness increased by 27.72% 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 Askam in Furness Over the Last Year

4.53%

Property prices in Askam in Furness increased by 4.53% 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 Askam in Furness - April 2024

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 Askam in Furness

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 Askam in Furness

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 Askam in Furness

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 Askam in Furness since 1995

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

Recent Property Sales in Askam in Furness

AddressInitial PriceSold PricePrice ChangeFirst Listed DateSold DateDays to Sell
9 Estuary Park, Askam-in-furness, Westmorland And Furness, LA16 7JA£235,000£227,500-£7,50027 Jul 202305 Dec 2023131 Days
7 Teal Close, Askam-in-furness, Westmorland And Furness, LA16 7JF£575,000£575,000£0030 Mar 202301 Dec 2023246 Days
4 Estuary Park, Askam-in-furness, Westmorland And Furness, LA16 7JA£250,000£245,000-£5,00004 Aug 202330 Nov 2023118 Days
108 Steel Street, Askam-in-furness, Westmorland And Furness, LA16 7BS£125,000£125,000£0011 Jul 202315 Nov 2023127 Days
Rainbows End, Saves Lane, Askam-in-furness, Westmorland And Furness, LA16 7DY£310,000£290,000-£20,00005 Jun 202306 Nov 2023154 Days
13 Wakefield Street, Askam-in-furness, Westmorland And Furness, LA16 7JR£339,950£335,000-£4,95006 Sep 202230 Oct 2023419 Days
10 Sharp Street, Askam-in-furness, Westmorland And Furness, LA16 7BN£89,950£89,950£0012 Jul 202327 Oct 2023107 Days
8 Estuary Park, Askam-in-furness, Westmorland And Furness, LA16 7JA£195,000£195,000£0019 Jul 202324 Oct 202397 Days
16 Ireleth Court Road, Askam-in-furness, Westmorland And Furness, LA16 7EN£225,000£210,000-£15,00024 Jun 202320 Oct 2023118 Days
The Barn House, Saves Lane, Askam-in-furness, Westmorland And Furness, LA16 7EQ£150,000£142,000-£8,00029 Aug 202206 Oct 2023403 Days
58 Steel Street, Askam-in-furness, Westmorland And Furness, LA16 7BP£62,000£61,000-£1,00021 Jul 202329 Sep 202370 Days
74 Duke Street, Askam-in-furness, Westmorland And Furness, LA16 7AD£180,000£165,000-£15,00004 May 202331 Aug 2023119 Days
9 Furnace Place, Askam-in-furness, Westmorland And Furness, LA16 7BU£120,000£115,000-£5,00010 Mar 202324 Aug 2023167 Days
93 Beach Street, Askam-in-furness, Westmorland And Furness, LA16 7BH£102,000£98,000-£4,00019 May 202307 Aug 202380 Days
26 John Street, Askam-in-furness, Westmorland And Furness, LA16 7BJ£80,000£74,000-£6,00015 Feb 202304 Aug 2023170 Days
22 Abbey Heights, Askam-in-furness, Westmorland And Furness, LA16 7HT£235,000£217,500-£17,50018 Jan 202321 Jul 2023184 Days
36 Caspian Road, Askam-in-furness, Westmorland And Furness, LA16 7HW£260,000£248,000-£12,00014 Jan 202330 Jun 2023167 Days
32 Ireleth Road, Askam-in-furness, Westmorland And Furness, LA16 7DJ£190,000£187,000-£3,00020 Dec 202214 Jun 2023176 Days
93 Crossley Street, Askam-in-furness, Westmorland And Furness, LA16 7AT£125,000£120,000-£5,00028 Feb 202312 Jun 2023104 Days
50 Turnstone Crescent, Askam-in-furness, Westmorland And Furness, LA16 7JT£425,000£400,000-£25,00018 Oct 202209 Jun 2023234 Days

Most Expensive Streets in Askam in Furness

PostcodeStreetAreaAverageNo. of Sales
LA16 7HJSaves LaneAskam-in-furness£407,5003
LA16 7BDSandy LaneAskam-in-furness£348,0005
LA16 7DYSaves LaneAskam-in-furness£333,4086
LA16 7JTTurnstone CrescentAskam-in-furness£329,5449
LA16 7JPParklands DriveAskam-in-furness£301,95411
LA16 7HWCaspian RoadAskam-in-furness£252,8505
LA16 7JBThe HeadlandsAskam-in-furness£251,8336
LA16 7HTAbbey HeightsAskam-in-furness£241,5205
LA16 7HBIreleth BrowAskam-in-furness£227,5003
LA16 7AEDuke StreetAskam-in-furness£223,3577

Least Expensive Streets in Askam in Furness

PostcodeStreetAreaAverageNo. of Sales
LA16 7BJJohn StreetAskam-in-furness£64,5006
LA16 7BPSteel StreetAskam-in-furness£83,99614
LA16 7BBWalker StreetAskam-in-furness£88,8336
LA16 7ATCrossley StreetAskam-in-furness£95,6663
LA16 7BNSharp StreetAskam-in-furness£95,67514
LA16 7BYHarris StreetAskam-in-furness£96,1503
LA16 7BUFurnace PlaceAskam-in-furness£107,18111
LA16 7BSSteel StreetAskam-in-furness£110,2719
LA16 7ESHollowgateAskam-in-furness£113,3163
LA16 7BXVictoria StreetAskam-in-furness£115,9005

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