The average property value in Cumbria is £215,230 according to property sale data for the year ending June 2021 published by HM Land Registry. Between the years ending June 2020 and June 2021, property values in Cumbria grew by £15,667. Compare house prices by area
Average property prices in Cumbria grew by 7.9% between the years ending June 2020 and June 2021. Between the years ending June 2011 and June 2021, property prices on average grew by 2.5% per year.
If prices in Cumbria continue to rise by 2.5% a year, the average property price will be £237,134 in 2025.
The most expensive property values in Cumbria are found in South Lakeland, and the cheapest property values are found in Copeland.
There were 8,355 property sales in Cumbria in the year ending June 2021, an increase of 870 when compared to the previous year.
The average price for a house in Cumbria ranges from £146,997 for a terraced house to £337,526 for a detached house, with semi-detached in between costing on average £190,556.
The average price for a flat or maisonette in Cumbria is £163,789.
Price trends for small areas may be less statistically significant due to small sample sizes.
Of the property types in Cumbria, terraced house prices have risen the most between the years ending 2011 and 2021, and semi-detached house prices have grown the least.
Detached house prices have risen 23.8% from £272,659 to £337,526, semi-detached house prices have risen 20.5% from £158,173 to £190,556, terraced house prices have risen 24.2% from £118,342 to £146,997, and flat prices have risen 22.4% from £133,798 to £163,789.
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The most common type of property sold in Cumbria during the year ending June 2021 was terraced houses, which accounted for 34.7% of properties.
The least commonly available type of property sold in Cumbria were flats, which account for 6.8% of properties sold.
Of the properties sold in Cumbria during 2021, 1.0% were new build properties.
The average price paid for a new build property in Cumbria was £11,458 higher than the average price paid for an existing property.
Of the new build properties sold, the most common type was detached houses (49% of new build properties sold). For existing properties, the most common type is terraced houses (37% of existing properties sold).
The most common price band for property sales in Cumbria is £200k - £300k, which accounted for 14.0% of properties sold in 2021.
0.3% of properties in Cumbria had a price over £1 million. For comparison, in England, 2.1% of property sales were priced at over £1 million.
The cheapest properties in Cumbria were in the under £50k price bracket, accounting for 0.9% of sales.
The cheapest property prices in Cumbria are found in Copeland, where the average cost of a property is £157,746. Between the years ending June 2020 and June 2021, property prices have changed by 5.3% in Copeland (compared to 7.9% in Cumbria)
Average property price
YoY change in price
|1|| Copeland |
|2|| Barrow-in-Furness |
|3|| Carlisle |
|4|| Allerdale |
|5|| Eden |
The most expensive property values in Cumbria are found in South Lakeland, where the average property price is £308,632. Between the years ending June 2020 and June 2021, property prices have changed by 8.5% in South Lakeland (compared to 7.9% in Cumbria)
Average Property Price
YoY CHANGE in PRICE
|1|| South Lakeland |
|2|| Eden |
|3|| Allerdale |
|4|| Carlisle |
|5|| Barrow-in-Furness |
Source: Office for National Statistics licensed under the Open Government Licence v.3.0. Contains OS data © Crown copyright and database right 2021. Data sources: ONS Local statistics