The area of Moor Row, in West Cumbria, was the third cheapest in England and Wales on average, with an average house price of just over £98,000.
In major Cumbrian settlements, prices ranged.
Workington’s average house price was £149,632, Maryport’s was £151,474, Penrith’s CA11 area was £261,789 but its Carleton Hall (CA10) area jumped to £303,779.
Carlisle was divided into three areas – Southwest, North, and East – with the average house prices at £140,272; £209,713 and; £140,438 respectively.
Houses in Seascale where Sellafield, one of Cumbria’s biggest employers, is, averaged at £206,344.
The most expensive price in the Cumberland Council area is the area of Holmrook (CA19), roughly in between Seascale and Ravenglass, where the average house price is £517,429.
The highest price in Cumbria is in the Westmorland and Furness Council area – Ambleside, wherein the average house price is £560,181.
Nationally, the lowest property price was in Bradford City Centre in West Yorkshire (BA1), at £64,960, and the most expensive, not including Greater London, was Cobham in Surrey (KT11), at £1,395,369.
The Office for National Statistics (ONS) revealed on Monday, March 25, that the housing affordability ratio – the median house price to the median salary – for England fell to 8.26 last year, down from 8.47 the year before, which is lower than the pandemic peak of 9.06 in 2021.
However, this does not mean that housing is still affordable, as Paul Cheshire, professor emeritus of economic geography at the LSE told the Financial Times, that there are ‘far too few’ houses being built, and that while the ratio has declined, ‘that does not mean that the cost of housing has declined’.