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Average house price in Carlisle is on the rise

·1-min read
Across the country, house prices have hit record highs for a fifth month in a row. (PA)
Across the country, house prices have hit record highs for a fifth month in a row. (PA)

HOUSE prices in Carlisle increased by 1 per cent in April, newly-released figures show.

The average Carlisle house price in April was £156,531, Land Registry figures show – a 1 per cent increase on March.

Over the month, the picture was different to that across the North West, where prices increased by 2 per cent, and Carlisle was lower than the 1.1 per cent rise for the UK as a whole.

The rise is in line with a longer trend which has seen house prices in the area increase by over 11 per cent in the past year alone.

READ MORE: Five bedroomed mansion for sale on Stainburn Road, Workington

Over the last year, the average sale price of property in Carlisle rose by £16,000 – putting the area 16th among the North West’s 39 local authorities with price data for annual growth.

The figures also indicate that first-time buyers have spent an extra £20,000 more than in April 2017 – with first time buyers spending an average of £133,000 on their new home.

In comparison, former homeowners who were buying a new home paid £182,000 on average in April – 37.4 per cent more than first-time buyers.

The average property price for a house in Carlisle as of April stands at £156,531, a lot less than the comparitable figure of the UK as a whole at £281,161.

READ MORE: Stylish six-bedroom on Broad Street on the market for £260,000

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