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Millom House Prices Millom House Prices

The average house price in Millom is £152,333 using HM Land Registry data.

The average property price increased by £22,053 (21.37%) over the last 5 years and increased by £4,407 (3.65%) over the last 12 months.

Over the last year, there were 83 residential property sales – a decrease of 7 transactions (-8.43%) relative to the previous year. The majority of house sales (19) were in the £86,000 - £122,000 range. Then came properties in the £50,000 - £86,000 range, where 18 were sold within this price bracket.

Excluding fall throughs, properties are taking an average of 52 days to sell (from being listed to completion) and the average difference between asking and sold prices is £-8,292 (-6%).

In April 2024, there were 14 new estate agency instructions, 5 agreed home sales and 8 property price reductions.

Postcodes Covered: LA18

5-Year Average Property Prices in Millom

21.37%

Property prices in Millom increased by 21.37% 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

3.65%

Property prices in Millom increased by 3.65% 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 - 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 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 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
44 - 46, Queen Street, Millom, Cumberland, LA18 4DN£114,995£110,000-£4,99505 Jan 202428 Mar 202483 Days
28 Oxford Street, Millom, Cumberland, LA18 4LJ£75,000£70,000-£5,00010 Oct 202322 Mar 2024164 Days
22 Pannatt Hill, Millom, Cumberland, LA18 5DB£220,000£210,000-£10,00023 Mar 202308 Mar 2024351 Days
32 Oxford Street, Millom, Cumberland, LA18 4LJ£75,000£72,000-£3,00013 Jun 202326 Jan 2024227 Days
14 Lonsdale Road, Millom, Cumberland, LA18 4AP£135,000£130,000-£5,00027 Apr 202315 Dec 2023232 Days
46 Lonsdale Road, Millom, Cumberland, LA18 4AP£85,000£79,000-£6,00025 Aug 202308 Dec 2023105 Days
28 Moor Road, Millom, Cumberland, LA18 5DS£220,000£210,000-£10,00023 Jun 202306 Dec 2023166 Days
191 Devonshire Road, Millom, Cumberland, LA18 4JP£85,000£80,000-£5,00007 Jun 202306 Dec 2023182 Days
35 Pannatt Hill, Millom, Cumberland, LA18 5DB£325,000£300,000-£25,00010 May 202306 Dec 2023210 Days
19 Settle Street, Millom, Cumberland, LA18 5AR£115,000£115,000£0009 Aug 202305 Dec 2023118 Days
24 Lowther Road, Millom, Cumberland, LA18 4LN£268,000£255,000-£13,00027 Jun 202324 Nov 2023150 Days
9 Bay View, Millom, Cumberland, LA18 5DF£125,000£105,000-£20,00011 Sep 202324 Nov 202374 Days
47 Pannatt Hill, Millom, Cumberland, LA18 5DH£269,950£258,500-£11,45019 Sep 202321 Nov 202363 Days
43 Settle Street, Millom, Cumberland, LA18 5AR£137,500£125,000-£12,50010 Dec 202015 Nov 20231070 Days
6 Lancashire Road, Millom, Cumberland, LA18 4AW£160,000£135,000-£25,00011 May 202315 Nov 2023188 Days
68 Holborn Hill, Millom, Cumberland, LA18 5BJ£187,500£180,000-£7,50025 Apr 202301 Nov 2023190 Days
42 Salthouse Road, Millom, Cumberland, LA18 5AF£175,000£165,000-£10,00023 Jan 202331 Oct 2023281 Days
17 Fairfield Road, Millom, Cumberland, LA18 5AJ£95,000£85,000-£10,00016 May 202306 Oct 2023143 Days
26 Churchill Drive, Millom, Cumberland, LA18 5DD£120,000£115,000-£5,00003 Mar 202303 Oct 2023214 Days
2 Langdale Close, Millom, Cumberland, LA18 4PP£215,000£215,000£0026 Jun 202325 Sep 202391 Days

Most Expensive Streets in Millom

PostcodeStreetAreaAverageNo. of Sales
LA18 5LEHodgson GardensMillom£304,9833
LA18 4LNLowther RoadMillom£255,0003
LA18 5DSMoor RoadMillom£232,5004
LA18 5DBPannatt HillMillom£223,7504
LA18 4PNLowther RoadMillom£216,6663
LA18 4FHEstuary CloseMillom£205,8333
LA18 5EGPalmers LaneMillom£185,3333
LA18 5ADSalthouse RoadMillom£185,0003
LA18 5DDChurchill DriveMillom£179,7504
LA18 4PLButtermere DriveMillom£173,2787

Least Expensive Streets in Millom

PostcodeStreetAreaAverageNo. of Sales
LA18 4BGQueen StreetMillom£44,7774
LA18 4BLLord StreetMillom£50,4378
LA18 4DWNelson StreetMillom£52,6663
LA18 4BNLord StreetMillom£55,9166
LA18 4DQWellington StreetMillom£63,3333
LA18 4DTNewton StreetMillom£63,5007
LA18 4ABAlbert StreetMillom£63,5004
LA18 4EAEgremont StreetMillom£63,7504
LA18 4LHSurrey StreetMillom£64,61311
LA18 4DRNewton StreetMillom£65,6669

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