Cumbria is an attractive location for both residential and holiday homes. However, when it comes to property prices, some areas within Cumbria are more affordable than others.
In this blog post, we will explore the least expensive property areas in Cumbria, based on recent data.
Some of the most affordable property areas in Cumbria have been identified as below:
Workington
- Workington is a coastal town with beautiful beaches and a rich history in coal mining.
- The average property price in Workington is £149,632.
- The area offers a variety of recreational activities, including water sports, fishing, and hiking.
Carlisle
- Carlisle is a historical city known for its iconic castle and proximity to the border of Scotland.
- The average price of a property in Carlisle South West is approximately £140,272. The average price in Carlisle East is £140,538.
- The city offers a wide range of amenities, including shopping centres, educational facilities, and transport links.
Whitehaven
- Whitehaven is a historic coastal and port near to the Lake District National Park.
- The average property price in Whitehaven is £151,474.
- With beautiful beaches and a picturesque harbour, Whitehaven attracts tourists and those seeking a coastal lifestyle.
Barrow-in-Furness
- Barrow-in-Furness is a coastal town located at the mouth of Morecambe Bay.
- The average price of a property in Barrow-in-Furness is approximately £168,490.
- The area offers a diverse range of amenities, including shopping centres, museums, and sports facilities.
The cheapest area identified was Moor Row, with the average property price being £98,083. On the other end of the scale, Holmrook (CA19), was identified as the most expensive area, with the average house price standing at £517,429.
Factors Affecting Property Prices in Cumbria
There are several factors that influence property prices in Cumbria. The primary factor being the location. Areas within and in close proximity to the Lake District National Park immediately command a higher premium, with nearby attractions, transport links, and employment opportunities also leading to higher property prices.
Cumbria offers a wide range of property options for buyers. Whether seeking a peaceful countryside retreat or a bustling coastal town, Cumbria has something to offer everyone.
For more information on our residential property services in Cumbria, including Valuation Reports, Level 2 Home Surveys and Building Survey Reports, please get in touch.
