Area Guide For Milnthorpe

Milnthorpe is a large village within the South Lakeland district of Cumbria, England. Straddling the A6 road, the town contains several old hostelries and hosts a market in The Square every Friday. The parish of Milnthorpe had a population of 2,106 recorded in the 2001 census. Historically a part of Westmorland, Milnthorpe is the site of a 19th century parish church dedicated to St Thomas which overlooks The Green and The Square prior to its construction Milnthorpe was in the parish of Heversham. Milnthorpe became a centre of business and activity because it was originally a port, using the River Bela and estuary (now only navigable to Storth), and it remains a significant commercial centre for the area. Local industry includes Duralon Combs 300 year old comb making family business. Tourism and hospitality have always thrived (being a convenient stop off point on the A6 for coaches and cars en route to the Lake District and just to the north is Levens Hall, famed for its topiary). The village used to be a major traffic bottleneck before the opening of the M6 motorway in 1970, and the A590/A591 Kendal link road a few years later. The popular children's drink Um Bongo was


Milnthorpe Map

Estimated Price: £287,884
Average Asking Price: £321,232
Price change in last one year: £14,685
Average Price Paid: £241,451
Average Rent Rates: £3,367


Property Prices Breakdown in Milnthorpe

Average Price for property in Milnthorpe is around £287,884 which varies based on type of property you are interested in and ranges from £384,313 for detached house to around £233,690 for semi-detached. Similarly terraced house is around £185,093 and a flat is worth £166,468. Values have been changing and have risen £2,032 in last 3 months alone. Similar historical trend can be observed in price changes e.g. prices changed £5,606 in last 6 months, £14,685 in last 1 year, £27,442 in last 2 years, £33,237 in last 3 years, £29,791 in last 4 years and £21,278 in last 5 years.

Currently average asking price of a property in Milnthorpe is around £321,232 based on approximately 57 properties for sale. Same is the case with rental options based on 2 properties up for rent, average asking rent is around £3,367 per month.

Estimated property value in Milnthorpe is £287,884. Average asking price is £321,232 while average price paid is £226,394 which is up by £14,685 and Avg. asking rent £3,367.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 Milnthorpe area. In last 1 year alone average price buyer paid is around £226,394 based on approximately 57 sales in Milnthorpe area alone. If you compare it to last 3 years sales of 161 properties where buyers paid around £237,693. 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 £241,451 for 267 and average amount paid for purchase of approx. 366 properties sold in last 7 years comes to about £247,675 per sale.


Properties For Sale in Milnthorpe


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 £175,900, £279,944 for a 3 bedroom house, £381,163 for a 4 bedroom house and £588,333 for a 5 bedroom house. For a flat similarly the prices varies from £133,390 for a 2 bedroom to £280,000 for a 3 bedroom Flat. To sum up the asking prices for properties in Milnthorpe it comes to around average £154,645 for 2 bedroom property, £279,947 for 3 bedroom, £381,163 for 4 bedroom and £588,333 for 5 bedroom.

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 is £620 for 3 bedroom. You should be generally be expecting around average £620 rent per month for 3 bedroom property in Milnthorpe area.

Popular Houses in Milnthorpe

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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