Average Price for property in Penrith is around £241,035 which varies based on type of property you are interested in and ranges from £338,142 for detached house to around £203,477 for semi-detached. Similarly terraced house is around £169,832 and a flat is worth £134,094. Values have been changing and have risen £1,939 in last 3 months alone. Similar historical trend can be observed in price changes e.g. prices changed £6,048 in last 6 months, £17,590 in last 1 year, £17,094 in last 2 years, £20,442 in last 3 years, £11,247 in last 4 years and £15,601 in last 5 years.
Currently average asking price of a property in Penrith is around £276,754 based on approximately 413 properties for sale. Same is the case with rental options based on 46 properties up for rent, average asking rent is around £595 per month.
Estimated property value in Penrith is £241,035. Average asking price is £276,754 while average price paid is £208,318 which is up by £17,590 and Avg. asking rent £595.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 Penrith area. In last 1 year alone average price buyer paid is around £208,318 based on approximately 413 sales in Penrith area alone. If you compare it to last 3 years sales of 1,246 properties where buyers paid around £196,542. 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 £200,504 for 2,046 and average amount paid for purchase of approx. 2,821 properties sold in last 7 years comes to about £203,519 per sale.