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Penrith House Prices Penrith House Prices

The average house price in Penrith is £236,795 using HM Land Registry data.

The average property price increased by £27,162 (13.04%) over the last 5 years and increased by £5,442 (2.37%) over the last 12 months.

Over the last year, there were 232 residential property sales – a decrease of 133 transactions (-57.33%) relative to the previous year. The majority of house sales (59) were in the £120,000 - £176,000 range. Then came properties in the £232,000 - £288,000 range, where 51 were sold within this price bracket.

Excluding fall throughs, properties are taking an average of 132 days to sell (from being listed to completion) and the average difference between asking and sold prices is £-7,568 (-2%).

In Dec 24, there were 9 new estate agency instructions, 24 agreed home sales and 13 property price reductions.

Postcodes Covered: CA10, CA11

5-Year Average Property Prices in Penrith

13.04%

Property prices in Penrith increased by 13.04% 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

2.37%

Property prices in Penrith increased by 2.37% 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 - Dec 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
8 Watson Terrace, Penrith, Westmorland And Furness, CA11 7ND£109,000£106,000-£3,00023 May 202405 Nov 2024166 Days
2 Benson Row, Penrith, Westmorland And Furness, CA11 7YN£132,000£130,000-£2,00007 Jun 202401 Nov 2024147 Days
39 Pategill Court, Penrith, Westmorland And Furness, CA11 8LG£200,000£192,000-£8,00002 Apr 202430 Oct 2024211 Days
30 Raiselands Croft, Penrith, Westmorland And Furness, CA11 9JH£146,000£136,000-£10,00010 Jun 202430 Oct 2024142 Days
62 Raiselands Croft, Penrith, Westmorland And Furness, CA11 9JL£158,000£156,000-£2,00025 Jul 202425 Oct 202492 Days
13 Helmsley Close, Penrith, Westmorland And Furness, CA11 8UD£47,500£47,500£0025 Jun 202423 Oct 2024120 Days
111 Brentfield Way, Penrith, Westmorland And Furness, CA11 8HQ£209,000£209,000£0009 Aug 202421 Oct 202473 Days
1 Cedar Close, Penrith, Westmorland And Furness, CA11 8TJ£320,000£320,000£0002 Jul 202404 Oct 202494 Days
25 Maple Drive, Penrith, Westmorland And Furness, CA11 8TU£290,000£280,000-£10,00002 Jul 202404 Oct 202494 Days
11 Carleton Hall Gardens, Penrith, Westmorland And Furness, CA10 2AL£375,000£375,000£0012 Jul 202430 Sep 202480 Days
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

Most Expensive Streets in Penrith

PostcodeStreetAreaAverageNo. of Sales
CA11 8BNBeacon EdgePenrith£631,6663
CA11 7ULNicholson LanePenrith£568,8475
CA11 8FZMulberry GardensPenrith£509,4378
CA11 8REWinters ParkPenrith£488,8333
CA11 9GSKitchen GardensPenrith£459,9624
CA11 8BEBeacon GardensPenrith£442,5003
CA11 8ALManor ParkCarleton£438,9287
CA11 8EYCold Springs ParkPenrith£435,6254
CA11 8BJFell LanePenrith£416,8333
CA11 7UABeacon StreetPenrith£413,0004

Least Expensive Streets in Penrith

PostcodeStreetAreaAverageNo. of Sales
CA11 7AFLangton CourtPenrith£59,4163
CA11 8BDVictoria HouseVictoria Road£74,6663
CA11 7YJHutton CourtBenson Row£89,2506
CA11 8QDClifford ClosePenrith£97,7505
CA11 8EUWhelpdale HouseRoper Street, Penrith£100,72712
CA11 9BENorfolk PlacePenrith£104,81714
CA11 8UDHelmsley ClosePenrith£109,7506
CA11 8HHGlasson CourtPenrith£110,33015
CA11 8HJTynefield CourtBridge Lane£111,3577
CA11 9HBPembroke PlacePenrith£111,5005

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