Average Price for property in Cumbria is around £183,987 which varies based on type of property you are interested in and ranges from £293,816 for detached house to around £166,641 for semi-detached. Similarly terraced house is around £122,590 and a flat is worth £141,865. Values have been changing and have risen £94 in last 3 months alone. Similar historical trend can be observed in price changes e.g. prices changed £1,050 in last 6 months, £8,915 in last 1 year, £17,882 in last 2 years, £17,520 in last 3 years, £13,749 in last 4 years and £13,054 in last 5 years.
Currently average asking price of a property in Cumbria is around £236,615 based on approximately 6,256 properties for sale. Same is the case with rental options based on 614 properties up for rent, average asking rent is around £583 per month.
Estimated property value in Cumbria is £183,987. Average asking price is £236,615 while average price paid is £167,038 which is up by £8,915 and Avg. asking rent £583.Based on an Online Survey
Buyers are willing to pay high dollar prices to grab these properties because of the recent trend in real estate investment especially in Cumbria area. In last 1 year alone average price buyer paid is around £167,038 based on approximately 6,256 sales in Cumbria area alone. If you compare it to last 3 years sales of 18,496 properties where buyers paid around £163,503. It has been same for some time now for e.g. if you take an average of amount paid in last 5 years, it comes to around £163,719 for 30,130 and average amount paid for purchase of approx. 41,316 properties sold in last 7 years comes to about £164,448 per sale.