Area Guide For Egremont

Egremont is a market town and civil parish in the Borough of Copeland in Cumbria, England, 5 miles (8.0 km) south of Whitehaven and on the River Ehen. The town, which lies at the foot of Uldale Valley and Dent Fell, was historically within Cumberland and has a long industrial heritage including dyeing, weaving and iron ore mining. It had a population of 7,444 in 2001. The town's layout today is much the same as at the time of Richard de Lucy around 1200 with its wide Main Street opening out into the market place. The remains of the Norman castle, built in the 12th century, are situated at the southern end of Main Street near the market place. Egremont was granted a charter for a market and annual fair by King Henry III in 1266. The resulting annual Crab Fair now hosts the World Gurning Championships. The modern economy is built on services, media and tourism, together with nuclear industry at Sellafield. Manufacturing industries have declined but service, new media and tourism industries have taken their place. Egremonts Florence Mine was (until 2008) the last working deep iron ore mine left in Western Europe and produced ore, products for the cosmetics industry and high quality


Egremont Map

Estimated Price: £128,350
Average Asking Price: £143,181
Price change in last one year: £4,745
Average Price Paid: £116,700
Average Rent Rates: £449


Property Prices Breakdown in Egremont

Average Price for property in Egremont is around £128,350 which varies based on type of property you are interested in and ranges from £202,824 for detached house to around £113,944 for semi-detached. Similarly terraced house is around £89,738 and a flat is worth £86,195. Values have been changing and have risen £200 in last 3 months alone. Similar historical trend can be observed in price changes e.g. prices changed £314 in last 6 months, £4,745 in last 1 year, £9,860 in last 2 years, £10,380 in last 3 years, £7,316 in last 4 years and £6,627 in last 5 years.

Currently average asking price of a property in Egremont is around £143,181 based on approximately 92 properties for sale. Same is the case with rental options based on 5 properties up for rent, average asking rent is around £449 per month.

Estimated property value in Egremont is £128,350. Average asking price is £143,181 while average price paid is £110,484 which is up by £4,745 and Avg. asking rent £449.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 Egremont area. In last 1 year alone average price buyer paid is around £110,484 based on approximately 92 sales in Egremont area alone. If you compare it to last 3 years sales of 276 properties where buyers paid around £115,022. 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 £116,700 for 458 and average amount paid for purchase of approx. 656 properties sold in last 7 years comes to about £116,500 per sale.


Properties For Sale in Egremont


Breakdown of asking prices for homes of different sizes show that price varies clearly based on no of bedrooms and type of house. Asking price for a house with 2 bedroom is around £98,204, £128,086 for a 3 bedroom house, £212,129 for a 4 bedroom house and £337,650 for a 5 bedroom house. For a flat similarly the prices varies from £65,000 for a single bedroom to £75,000 for a 2 bedroom Flat. Same is the case with 3 bedroom flat £74,950. To sum up the asking prices for properties in Egremont it comes to around average £65,000 for 1 bedroom property, £96,270 for 2 bedroom, £127,023 for 3 bedroom, £212,129 for 4 bedroom and £337,650 for a 5 bedroom property.

Rent per calendar month varies similarly based on type and size of the house. If you look at the rents per month for houses alone it can vary from £501 for 2 bedroom to £425 for 3 bedroom. But if you are interested in renting a 2 bedroom flat then rent per month can be around £394. You should be generally be expecting around average £465 rent per month for 2 bedroom property and approximately £424 for 3 bedroom property in Egremont area.

Popular Houses in Egremont

Disclaimer : Location real estate estimates and values are based on House price index background data and Sales data provided by United Kingdom Land registry Records available as public records from their website. This information is updated monthly on our website and may not reflect all public transactions. This information is based on estimated calculation generated from our developed algorithms. We are striving to make this information as accurate and useful as possible. This data covers the transactions received at Land Registry in the period 1/1/1995 to 9/1/2014. © Crown copyright 2014. Data produced by Land Registry © Crown copyright 2014.

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