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Penrith House Prices Penrith House Prices

The average house price in Penrith is £284,733 using HM Land Registry data.

The average property price increased by £28,756 (14.11%) over the last 5 years and increased by £5,747 (2.53%) over the last 12 months.

Over the last year, there were 241 residential property sales – a decrease of 147 transactions (-61.00%) relative to the previous year. The majority of house sales (83) were in the £120,000 - £178,000 range. Then came properties in the £178,000 - £236,000 range, where 51 were sold within this price bracket.

Excluding fall throughs, properties are taking an average of 80 days to sell (from being listed to completion) and the average difference between asking and sold prices is £-8,004 (-2%).

In April 2024, there were 40 new estate agency instructions, 29 agreed home sales and 28 property price reductions.

Postcodes Covered: CA10, CA11

5-Year Average Property Prices in Penrith

14.11%

Property prices in Penrith increased by 14.11% 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

2.53%

Property prices in Penrith increased by 2.53% 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 Penrith - 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 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
2 Friars Rise, Penrith, Westmorland And Furness, CA11 8DB£175,000£175,000£0004 Oct 202308 Mar 2024156 Days
9 Newlands Terrace, Penrith, Westmorland And Furness, CA11 9DR£149,950£147,450-£2,50008 Sep 202309 Feb 2024154 Days
14 Castle Hill Road, Penrith, Westmorland And Furness, CA11 7HA£210,000£205,000-£5,00031 Jul 202309 Feb 2024193 Days
3 Eden Mount, Penrith, Westmorland And Furness, CA11 8HG£160,000£158,000-£2,00029 Oct 202305 Feb 202499 Days
4 Barkhouse Close, Penrith, Westmorland And Furness, CA11 8NE£250,000£230,000-£20,00009 Aug 202319 Jan 2024163 Days
4 Skirsgill Close, Penrith, Westmorland And Furness, CA11 8QF£335,000£335,000£0015 Aug 202319 Jan 2024157 Days
2 Horsley Terrace, Penrith, Westmorland And Furness, CA11 8AY£500,000£472,500-£27,50015 Jun 202312 Jan 2024211 Days
8 Friars Road, Penrith, Westmorland And Furness, CA11 8BZ£172,000£168,000-£4,00003 Aug 202303 Jan 2024153 Days
40 Castle Hill Road, Penrith, Westmorland And Furness, CA11 7HA£210,000£210,000£0019 Sep 202320 Dec 202392 Days
62 Arthur Street, Penrith, Westmorland And Furness, CA11 7TU£410,000£410,000£0015 Sep 202318 Dec 202394 Days
30a, Brunswick Square, Penrith, Westmorland And Furness, CA11 7LR£340,000£335,000-£5,00030 Aug 202315 Dec 2023107 Days
17 Brunswick Square, Penrith, Westmorland And Furness, CA11 7LW£280,000£275,000-£5,00007 Sep 202312 Dec 202396 Days
26 Albert Street, Penrith, Westmorland And Furness, CA11 7XA£290,000£269,000-£21,00019 Sep 202311 Dec 202383 Days
25 Windsor Drive, Penrith, Westmorland And Furness, CA11 9BS£289,000£286,000-£3,00029 Aug 202308 Dec 2023101 Days
9 Mill Street, Penrith, Westmorland And Furness, CA11 9AG£160,000£155,000-£5,00008 Sep 202205 Dec 2023453 Days
17 Macadam Gardens, Penrith, Westmorland And Furness, CA11 9HS£269,000£260,000-£9,00030 Jun 202329 Nov 2023152 Days
13 Brunswick Road, Penrith, Westmorland And Furness, CA11 7LT£200,000£195,000-£5,00001 Aug 202328 Nov 2023119 Days
Flat 20, Whelpdale House, Roper Street, Penrith, Cumbria, CA11 8EU£100,000£100,000£0005 May 202217 Nov 2023561 Days
30 Arthur Street, Penrith, Westmorland And Furness, CA11 7TU£395,000£385,000-£10,00027 Jun 202314 Nov 2023140 Days
33 Netherend Road, Penrith, Westmorland And Furness, CA11 8PH£274,000£267,000-£7,00001 Mar 202310 Nov 2023254 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 8BJFell LanePenrith£457,6254
CA11 9GSKitchen GardensPenrith£455,0003
CA11 8BEBeacon GardensPenrith£442,5003
CA11 7UABeacon StreetPenrith£417,3333
CA11 8BPSalkeld RoadPenrith£404,9833
CA11 7UFLowther StreetPenrith£400,4166

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 8UDHelmsley ClosePenrith£97,5005
CA11 8QDClifford ClosePenrith£98,1874
CA11 8EUWhelpdale HouseRoper Street, Penrith£99,80214
CA11 8HJTynefield CourtBridge Lane£101,3005
CA11 9BENorfolk PlacePenrith£106,17514
CA11 8HHGlasson CourtPenrith£109,10818
CA11 9HBPembroke PlacePenrith£111,5005

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