Property trends for CA11

    CA11 covers Penrith and the surrounding areas in the northern Lake District, sitting in the heart of Cumbria. It is a historic market town community with strong rural character, popular with families and those seeking a quieter pace of life.

    At a Glance

    Average Property Price - CA11

    £265,486

    32

    National percentile

    Average Monthly Rent - CA

    £661

    3

    National percentile

    Average Net Household Income - CA11

    £32,883

    18

    National percentile

    Flat / Maisonette Yield - CA

    5.3%

    34

    National percentile

    10-Year Annualised Price Growth - CA11

    2.6%

    18

    National percentile

    10-Year Annualised Rent Growth - CA

    3.1%

    8

    National percentile

    Property Price & Volume Trends

    The average property price in CA11 is £265,000, below the national average. Over the past decade, prices have grown at 2.6% annually, which is among the slowest rates nationally. Transaction activity has eased in the latest year, with 364 sales compared to a 10-year average of 458—a decline of around 20%.

    Rent & Yield Trends

    Rental levels in the wider CA postcode area average £661 per month, placing them among the most affordable in the country. Over the past decade, rents have grown at 3.1% per year, below the national pace of rental growth. The flat yield currently stands at 5.3%, a meaningful improvement on the 10-year average of 4.5%, reflecting tighter rental markets and firmer landlord returns in recent years.

    Income & Affordability Trends

    Average household net income is £32,883, well below the national average. The price-to-income ratio has deteriorated since 2016, rising from 6.9x to 8.4x, indicating that purchase affordability has weakened as prices have outpaced income growth. Rental affordability has also eased slightly, with rent-to-income rising from 19.5% to 20.5% over the same period.

    Resident Demographic Profile

    CA11 has a notably older population profile: those aged 65 and over account for 24% (against a national average of 19.6%), while under-16s at 15.4% and young adults aged 16–24 at 8.2% are both below average. Outright home ownership is strong at 41.5%, well above the national figure of 33.7%. The employment mix is distinctive for a higher proportion of trades workers (15.3% versus 10.5% nationally) and elementary occupations (13.2% versus 10.2%), with professionals notably underrepresented at 12.5% against a national average of 20.5%.

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