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Cumberland and Westmorland Herald
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    Penrith man admits possessing cannabis twice with intent to supply

    Penrith man admits possessing cannabis twice with intent to supply

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    Man arrested after fleeing from police in Penrith

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    Over £38,000-worth of fake goods seized at Appleby Horse Fair

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    18th century Eden pub sold as owners retire

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    Penrith gymnasts represent North of England in finals

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Cumberland and Westmorland Herald
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    Penrith man admits possessing cannabis twice with intent to supply

    Penrith man admits possessing cannabis twice with intent to supply

    Risks and strategies for flexible pension drawdown

    Risks and strategies for flexible pension drawdown

    Man arrested after fleeing from police in Penrith

    Man arrested after fleeing from police in Penrith

    £37.7 million to tackle potholes and upgrade roads

    £37.7 million to tackle potholes and upgrade roads

    Over £38,000-worth of fake goods seized at Appleby Horse Fair

    Over £38,000-worth of fake goods seized at Appleby Horse Fair

    New bid for Appleby stallion sculpture revealed

    New bid for Appleby stallion sculpture revealed

    18th century Eden pub sold as owners retire

    18th century Eden pub sold as owners retire

    Tebay’s plans for battery storage unit

    Tebay’s plans for battery storage unit

    Pub landlord must remove Covid canopy

    Pub landlord must remove Covid canopy

  • Sport
    Double national triumph for Stuart Robinson

    Double national triumph for Stuart Robinson

    Patterdale’s Eden Eagles make history

    Patterdale’s Eden Eagles make history

    Penrith teen crowned British vault champion

    Penrith teen crowned British vault champion

    Penrith gymnasts represent North of England in finals

    Penrith gymnasts represent North of England in finals

    New boss revealed for Penrith AFC

    New boss revealed for Penrith AFC

    Penrith Panthers celebrate winning season

    Penrith Panthers celebrate winning season

    Darren Edmondson leaves Penrith AFC

    Darren Edmondson leaves Penrith AFC

    Lucy plays key role in county T20 triumph

    Lucy plays key role in county T20 triumph

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    Gold for Keith in annual festival of orienteering

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Home Property

Revealed: Eden’s property hotspots

by CWH
6 July 2023
in Latest, Property
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New figures reveal the most and least expensive neighbourhoods to buy in Eden.

The UK property market has had a turbulent few years – with a boom in the immediate aftermath of the pandemic, followed by a slowdown amid rising interest rates and inflation.

New figures from the Office for National Statistics show where properties are likely to set you back the most in Eden, and where you could snap up a bargain.

The Morland neighbourhood was Eden’s priciest, with a median value of £405,000 among the 17 sales in the area last calendar year.

The next most expensive was the Warcop area, where a house could set you back £370,050, and Langwathby, which had a median price of £367,500 in 2022.

Meanwhile, the Penrith Pategill neighbourhood saw the lowest house prices, with buyers paying an average of £150,000 across 15 sales last year.

This was followed by Orton with Tebay and Penrith West, where buyers spent £155,000 and £170,000 respectively.

Across the country, property sales have slowed significantly in the past year.

Richard Donnell, executive director of research at the property search website Zoopla, said: “The increase in mortgage rates is having a bigger impact on the number of sales rather than house prices so far.”

Recent research by the company suggests sellers are shaving off more than five per cent of the original asking price to achieve a sale.

“There are big regional variations with market activity holding up better in Scotland, the North East and London while sales have increased more slowly in England regions across the south of England.

“House prices are starting to post small falls in higher value markets where average values are over £400,000 – in more affordable markets prices are still rising year on year, albeit at much slower rates than a year ago,” he added.

There were 700,000 sales across England and Wales in the year to December 2021 – down from a recent peak of more than 1.1 million in the year to September 2021.

Overall, house prices have remained steady, with a median price of £280,000 last year – a £5,000 increase on the year before.

In Eden, the average house cost £249,500 in 2022 – up from £230,000 a year before.

The number of properties sold dropped, from 1,136 in 2021 to 801 last year.

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