• Contact us
  • About us
  • Digital edition
  • Online archive
Friday, May 23, 2025
Cumberland and Westmorland Herald
  • News
    Tesco Express opens doors in Penrith

    Tesco Express opens doors in Penrith

    Nursing award for Penrith’s Fay Dudson

    Nursing award for Penrith’s Fay Dudson

    £500,000 to tackle dust issues in Penrith

    £500,000 to tackle dust issues in Penrith

    Ambitious plans to reopen Kirkby Stephen hotel

    Ambitious plans to reopen Kirkby Stephen hotel

    Man who pretended to be driving instructor in court

    Man who pretended to be driving instructor in court

    Brass at the Castle success

    Brass at the Castle success

    Plans for Tebay animal reserve thrown out by planners

    Plans for Tebay animal reserve thrown out by planners

    New programme for people struggling with rising cost of food

    New programme for people struggling with rising cost of food

    Ten fire crews battle Cumbrian wildfire for over eight hours

    Ten fire crews battle Cumbrian wildfire for over eight hours

  • Sport
    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

    Gold for Keith in annual festival of orienteering

    Gold for Keith in annual festival of orienteering

    Cumberland and Westmorland wrestlers head to European championships

    Cumberland and Westmorland wrestlers head to European championships

    Kirkby Stephen Hockey Club win league title

    Kirkby Stephen Hockey Club win league title

    Dedicated Eden football volunteer wins major award

    Dedicated Eden football volunteer wins major award

  • Obituaries
  • Nostalgia
  • Online archive
  • Buy Photos
  • Buy your paper
  • North Lakes Living
No Result
View All Result
Cumberland and Westmorland Herald
  • News
    Tesco Express opens doors in Penrith

    Tesco Express opens doors in Penrith

    Nursing award for Penrith’s Fay Dudson

    Nursing award for Penrith’s Fay Dudson

    £500,000 to tackle dust issues in Penrith

    £500,000 to tackle dust issues in Penrith

    Ambitious plans to reopen Kirkby Stephen hotel

    Ambitious plans to reopen Kirkby Stephen hotel

    Man who pretended to be driving instructor in court

    Man who pretended to be driving instructor in court

    Brass at the Castle success

    Brass at the Castle success

    Plans for Tebay animal reserve thrown out by planners

    Plans for Tebay animal reserve thrown out by planners

    New programme for people struggling with rising cost of food

    New programme for people struggling with rising cost of food

    Ten fire crews battle Cumbrian wildfire for over eight hours

    Ten fire crews battle Cumbrian wildfire for over eight hours

  • Sport
    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

    Gold for Keith in annual festival of orienteering

    Gold for Keith in annual festival of orienteering

    Cumberland and Westmorland wrestlers head to European championships

    Cumberland and Westmorland wrestlers head to European championships

    Kirkby Stephen Hockey Club win league title

    Kirkby Stephen Hockey Club win league title

    Dedicated Eden football volunteer wins major award

    Dedicated Eden football volunteer wins major award

  • Obituaries
  • Nostalgia
  • Online archive
  • Buy Photos
  • Buy your paper
  • North Lakes Living
No Result
View All Result
Cumberland and Westmorland Herald
No Result
View All Result
Home Property

Revealed: Eden’s property hotspots

by CWH
6 July 2023
in Latest, Property
A A
Share on FacebookShare on Twitter

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.

Related Posts

Tesco Express opens doors in Penrith
Latest

Tesco Express opens doors in Penrith

23 May 2025
Ambitious plans to reopen Kirkby Stephen hotel
Latest

Ambitious plans to reopen Kirkby Stephen hotel

23 May 2025
Man who pretended to be driving instructor in court
Latest

Man who pretended to be driving instructor in court

23 May 2025
Buyer beware: Over £500,000-worth of fake products seized at last year’s Appleby Horse Fair
Latest

Buyer beware: Over £500,000-worth of fake products seized at last year’s Appleby Horse Fair

23 May 2025
Man exposes himself near Penrith car park
Latest

Man exposes himself near Penrith car park

18 May 2025
£7m for two major Penrith projects
Latest

£7m for two major Penrith projects

18 May 2025
No Result
View All Result

Stay connected

Facebook Twitter Instagram

Most popular

Appleby flood scheme work to pause for town’s horse fair

Appleby flood scheme work to pause for town’s horse fair

16 May 2025
Man who pretended to be driving instructor in court

Man who pretended to be driving instructor in court

23 May 2025
£7m for two major Penrith projects

£7m for two major Penrith projects

18 May 2025
Looking back through the archives

Looking back through the archives

23 May 2025
Jenny Wilson – teacher and stalwart of Penrith Players

Jenny Wilson – teacher and stalwart of Penrith Players

23 May 2025
Buyer beware: Over £500,000-worth of fake products seized at last year’s Appleby Horse Fair

Buyer beware: Over £500,000-worth of fake products seized at last year’s Appleby Horse Fair

23 May 2025
Cumberland and Westmorland Herald Logo

33 Middlegate
Penrith
Cumbria
CA11 7SY

Phone: 01768 862313
Email: news@cwherald.com

Registered in England as Barrnon Media Limited. No: 12475190
VAT registration number: 343486488

Explore

  • News
  • Sport
  • Farming
  • Property
  • Obituaries
  • Nostalgia
  • Your view

Useful links

  • Contact us
  • Photosales
  • Online archive
  • Buy your paper
  • Digital edition
  • North Lakes Living
  • Advertise
  • About us

Follow us on

© Barrnon Media Limited 2020

Terms & Conditions / Privacy Policy / Cookie Policy

This website and its associated newspaper are members of the Independent Press Standards Organisation
IPSO Logo
Review Your Cart
0
Discount
Add Coupon Code
Subtotal
Total Installment Payments
Bundle Discount
Checkout

 
0
No Result
View All Result
  • Home
  • News
  • Sport
  • Obituaries
  • Nostalgia
  • Online archive
  • more
    • North Lakes Living
    • Buy Photos
    • Buy your paper
    • About us
    • Contact us

© 2020 Cumberland & Westmorland Herald