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Workington House Prices Workington House Prices

The average house price in Workington is £157,250 using HM Land Registry data.

The average property price increased by £4,765 (3.93%) over the last 5 years and increased by £952 (0.76%) over the last 12 months.

Over the last year, there were 242 residential property sales – a decrease of 110 transactions (-45.45%) relative to the previous year. The majority of house sales (61) were in the £60,000 - £90,000 range. Then came properties in the £90,000 - £120,000 range, where 48 were sold within this price bracket.

Excluding fall throughs, properties are taking an average of 38 days to sell (from being listed to completion) and the average difference between asking and sold prices is £-4,314 (-3%).

In April 2024, there were 41 new estate agency instructions, 24 agreed home sales and 19 property price reductions.

Neighbouring Areas: Seaton (Cumbria)

Postcodes Covered: CA14

5-Year Average Property Prices in Workington

3.93%

Property prices in Workington increased by 3.93% 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

0.76%

Property prices in Workington increased by 0.76% 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 Workington - 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 21 to 40 days, the broad evidence suggests that properties are selling reasonably quickly after being initially advertised and the market is reasonably healthy. If you are prepared to wait to up to 6 weeks, and you are sure that your property is priced realistically, you should get an offer within this timeframe.

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

AddressInitial PriceSold PricePrice ChangeFirst Listed DateSold DateDays to Sell
9 Main Road, High Harrington, Workington, Cumberland, CA14 5PE£130,000£129,000-£1,00010 Aug 202301 Mar 2024204 Days
57 Sarsfield Road, Workington, Cumberland, CA14 5BZ£130,000£127,000-£3,00007 Nov 202316 Feb 2024101 Days
15 Wether Riggs Road, Salterbeck, Workington, Cumberland, CA14 5HR£99,950£99,950£0022 Aug 202312 Jan 2024143 Days
3 Milburn Street, Workington, Cumberland, CA14 2XS£67,500£63,500-£4,00023 Oct 202312 Jan 202481 Days
45 Victoria Road, Workington, Cumberland, CA14 2QT£69,950£65,000-£4,95006 Sep 202305 Jan 2024121 Days
112 Chaucer Road, Workington, Cumberland, CA14 4HP£185,000£185,000£0015 May 202311 Dec 2023210 Days
8 Thirlmere Avenue, Workington, Cumberland, CA14 3HY£180,000£165,000-£15,00006 Sep 202308 Dec 202393 Days
25 Hartington Street, Workington, Cumberland, CA14 2NY£110,000£110,000£0018 Aug 202317 Nov 202391 Days
21 Milburn Street, Workington, Cumberland, CA14 2XT£77,500£75,000-£2,50010 Aug 202316 Nov 202398 Days
4 Belvedere Street, Workington, Cumberland, CA14 2NE£160,000£160,000£0016 Aug 202309 Nov 202385 Days
4 Melbourne Terrace, High Harrington, Workington, Cumberland, CA14 5PQ£70,000£70,000£0018 Jul 202331 Oct 2023105 Days
4 Mason Street, Workington, Cumberland, CA14 3EQ£69,950£60,000-£9,95020 Dec 202231 Oct 2023315 Days
15 Grasmere Avenue, Workington, Cumberland, CA14 3LY£135,000£130,000-£5,00022 Jun 202327 Oct 2023127 Days
52 Harrington Road, Workington, Cumberland, CA14 3ED£69,500£64,300-£5,20026 May 202327 Oct 2023154 Days
33 Mason Street, Workington, Cumberland, CA14 3EX£270,000£260,000-£10,00016 May 202327 Oct 2023164 Days
25 Winifred Street, Workington, Cumberland, CA14 2DE£70,000£67,000-£3,00017 Aug 202320 Oct 202364 Days
2 Darcy Street, Workington, Cumberland, CA14 2NS£125,000£118,000-£7,00013 Jun 202317 Oct 2023126 Days
18 Milton Drive, Workington, Cumberland, CA14 4HN£130,000£120,000-£10,00001 Mar 202316 Oct 2023229 Days
18 Brown Street, Workington, Cumberland, CA14 2NL£80,000£79,000-£1,00002 Aug 202313 Oct 202372 Days
41 Clay Street, Workington, Cumberland, CA14 2XZ£65,000£62,500-£2,50023 Jun 202312 Oct 2023111 Days

Most Expensive Streets in Workington

PostcodeStreetAreaAverageNo. of Sales
CA14 4HFEllerbeck LaneWorkington£457,5003
CA14 5QRBeckstone CloseHarrington£289,0003
CA14 5NWThe MeadowsHigh Harrington£266,15016
CA14 4HEEllerbeck LaneWorkington£260,6005
CA14 5NUThe MeadowsHigh Harrington£260,14511
CA14 3NDStanbeck MeadowsWorkington£245,0003
CA14 2JDStanley StreetWorkington£237,6663
CA14 3HWHawkshead AvenueWorkington£231,3754
CA14 4ETHigh StreetWorkington£231,3336
CA14 3HTAshfield RoadWorkington£223,2504

Least Expensive Streets in Workington

PostcodeStreetAreaAverageNo. of Sales
CA14 2NTScalebeck CourtWorkington£43,2504
CA14 3TNMoss Bay RoadWorkington£50,9874
CA14 2BYYeowartvilleWorkington£55,5004
CA14 2BXYeowartvilleWorkington£56,3754
CA14 2XTMilburn StreetWorkington£57,2147
CA14 3TQMoss Bay RoadWorkington£57,5836
CA14 3TFMoss Bay RoadWorkington£57,8754
CA14 2XZClay StreetWorkington£57,95812
CA14 5JXMountain ViewHarrington£58,3754
CA14 3TGMoss Bay RoadWorkington£59,6663

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