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Cumberland and Westmorland Herald
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    Appleby car park and road to close for flood work

    Appleby car park and road to close for flood work

    Road closure plans for essential bridge repairs

    Road closure plans for essential bridge repairs

    Penrith drug dealer jailed

    Penrith drug dealer jailed

    Man who damaged Penrith’s Paddington Bear appears in court

    Man who damaged Penrith’s Paddington Bear appears in court

    Mandatory payrolling of Benefits in Kind delayed

    Mandatory payrolling of Benefits in Kind delayed

    Youngsters raise cash for Penrith food bank

    Youngsters raise cash for Penrith food bank

    Commissioner promises improvements to Cumbria’s fire and rescue service

    Commissioner promises improvements to Cumbria’s fire and rescue service

    Illegal campers fined for causing significant damage in Lake District

    Illegal campers fined for causing significant damage in Lake District

    Man dies after falling from A66 bridge

    Man dies after falling from A66 bridge

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    New management set to lead Appleby Football Club

    New management set to lead Appleby Football Club

    Success for fighting squad

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    Penrith skipper Nicky Burns calls on team to keep winning

    Penrith skipper Nicky Burns calls on team to keep winning

    £100,000 target for new changing rooms extension

    £100,000 target for new changing rooms extension

    Medal success for Upper Eden tug-of-war team

    Medal success for Upper Eden tug-of-war team

    Eden man competes in Hyrox World Games

    Eden man competes in Hyrox World Games

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    Double national triumph for Stuart Robinson

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Home Latest

Eden house prices increase by £19,000 over last 12 months

by CWH
16 December 2020
in Latest, News
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House prices increased by an average of £19,000 across Eden over the last 12 months, new figures show.

The average Eden house price in October was £216,538, Land Registry figures show – a four per cent increase on September.

Over the month, the picture was better than that across the North West, where prices increased 1.2 per cent, and Eden outperformed the 0.7 per cent rise for the UK as a whole.

Property prices in the area have achieved 9.6 per cent annual growth.

Over the last year, the average sale price of property in Eden rose by £19,000 – putting the area second among the North West’s 43 local authorities for annual growth.

The best annual growth in the region was in Fylde, where property prices increased on average by 10.3 per cent, to £210,000.

At the other end of the scale, properties in Copeland lost 4.8 per cent of their value, giving an average price of £120,000.

Winners and losers

Owners of detached houses saw the biggest improvement in property prices in Eden in October – they increased 4.3 per cent, to £308,387 on average.

Over the last year, prices rose by 10 per cent.

Semi-detached: up 3.9 per cent monthly; up 10.1 per cent annually; £205,023 average

Terraced: up four per cent monthly; up 9.7 per cent annually; £170,385 average.

Flats: up three per cent monthly; up 5.2 per cent annually; £121,826 average.

First steps on the property ladder

First-time buyers in Eden spent an average of £178,000 on their property – £15,000 more than a year ago, and £21,000 more than in September 2015.

By comparison, former owner-occupiers paid £246,000 on average in October – 38.3 per cent more than first-time buyers.

Buyers paid 21.8 per cent more than the average price in the North West (£178,000) in October for a property in Eden.

Across the North West, property prices are lower than those across the UK, where the average cost £245,000.

The most expensive properties in the North West were in Trafford – £309,000 on average, and 1.4 times as much as in Eden.

Trafford properties cost 3.3 times as much as homes in Burnley – £93,000 average – at the other end of the scale.

The highest property prices across the UK were in Kensington and Chelsea, where the average October sale price of £1.3 million could buy 14 properties in Burnley.

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