The average property value in South Lakeland is £308,632 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 South Lakeland grew by £24,236. Compare house prices by area
Average property prices in South Lakeland grew by 8.5% 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 South Lakeland continue to rise by 2.5% a year, the average property price will be £341,289 in 2025.
There were 1,928 property sales in South Lakeland in the year ending June 2021, an increase of 323 when compared to the previous year.
The average price for a house in South Lakeland ranges from £240,272 for a terraced house to £454,405 for a detached house, with semi-detached in between costing on average £266,826.
The average price for a flat or maisonette in South Lakeland is £204,980.
Price trends for small areas may be less statistically significant due to small sample sizes.
Of the property types in South Lakeland, detached 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 31.9% from £344,507 to £454,405, semi-detached house prices have risen 19.9% from £222,500 to £266,826, terraced house prices have risen 28.2% from £187,483 to £240,272, and flat prices have risen 23.5% from £165,971 to £204,980.
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The most common type of property sold in South Lakeland during the year ending June 2021 was detached houses, which accounted for 31.2% of properties.
The least commonly available type of property sold in South Lakeland were flats, which account for 14.5% of properties sold.
Of the properties sold in South Lakeland during 2021, 0.5% were new build properties.
The average price paid for a new build property in South Lakeland was £95,652 higher than the average price paid for an existing property.
Of the new build properties sold, the most common type was flats (71% of new build properties sold). For existing properties, the most common type is terraced houses (30% of existing properties sold).
The most common price band for property sales in South Lakeland is £200k - £300k, which accounted for 19.7% of properties sold in 2021.
1.0% of properties in South Lakeland 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 South Lakeland were in the £50k - £100k price bracket, accounting for 1.5% of sales.
Average property price
YoY change in price
Average Property Price
YoY CHANGE in PRICE
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