Property trends for CA10

    CA10 covers Penrith and the surrounding rural areas in the Eden Valley, in the north-western Lake District of Cumbria. It is a mixed community blending market town amenities with attractive countryside, appealing to both families and retirees.

    At a Glance

    Average Property Price - CA10

    £305,286

    43

    National percentile

    Average Monthly Rent - CA

    £661

    3

    National percentile

    Average Net Household Income - CA10

    £33,487

    22

    National percentile

    Flat / Maisonette Yield - CA

    5.3%

    34

    National percentile

    10-Year Annualised Price Growth - CA10

    3.0%

    30

    National percentile

    10-Year Annualised Rent Growth - CA

    3.1%

    8

    National percentile

    Property Price & Volume Trends

    The average property price of £305,000 sits just below the national midpoint, reflecting modest valuation relative to the wider UK market. Over the past decade, prices have grown at 3.0% annually—a slower pace than the national average, indicating this has been a steady rather than dynamic market. Transaction activity has softened slightly, with 208 sales in the latest full year compared to a 10-year average of 234, suggesting cooling momentum.

    Rent & Yield Trends

    At £661 per month, rents here are well below the national average, placing this area among the most affordable for tenants nationally. Rental growth over the past decade has been modest at 3.1% annually, below the typical pace seen elsewhere. Yields have improved materially: the current flat yield of 5.3% sits comfortably above its 10-year average of 4.5%, reflecting stronger returns for buy-to-let investors in recent years.

    Income & Affordability Trends

    Average household income of £33,487 is substantially below the national average, sitting in the lower fifth nationally. This income shortfall is reflected in affordability pressures: the price-to-income ratio has worsened considerably from 7.1x in 2016 to 9.3x today, meaning properties now require longer to save for relative to local earnings. Rental affordability has also tightened, with rents consuming 20.5% of household income compared to 19.5% six years ago.

    Resident Demographic Profile

    This is a distinctly older population: over a quarter are aged 65 or above (compared to 19.6% nationally), and the 50–64 age group represents a quarter of residents, well above the national norm of 19.8%. Conversely, younger adults aged 16–24 are significantly underrepresented at just 7.9% versus 11.0% nationally. Housing tenure is heavily skewed towards outright ownership at 49.4%—far above the 33.7% national average—reflecting a settled, established community. The employment mix shows a notably strong trades presence at 18.7% (well above the 10.5% national figure), alongside lower than average numbers in professional roles.

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