Property trends for CA17

    CA17 covers the central Lake District, including the towns of Keswick and Cockermouth and surrounding rural areas in Cumbria. It is a long-established tourist and outdoor recreation destination, with a mix of historic market towns, rural communities, and fell-side villages.

    At a Glance

    Average Property Price - CA17

    £317,653

    47

    National percentile

    Average Monthly Rent - CA

    £661

    3

    National percentile

    Average Net Household Income - CA17

    £32,717

    17

    National percentile

    Flat / Maisonette Yield - CA

    5.3%

    34

    National percentile

    10-Year Annualised Price Growth - CA17

    5.3%

    92

    National percentile

    10-Year Annualised Rent Growth - CA

    3.1%

    8

    National percentile

    Property Price & Volume Trends

    The current average property price of £318,000 sits near the national midpoint. However, the area has experienced notably strong price growth over the past decade, with annualised appreciation of 5.3%—among the fastest-growing in the country. Transaction activity has eased recently, with 62 sales in the latest year compared to a 10-year average of 78 per year.

    Rent & Yield Trends

    Rental costs are well below the national average at £661 per month, placing the area among the most affordable for tenants. Rent growth over the past decade has been modest at 3.1% annualised, slower than the national trend. The current gross yield of 5.3% is notably above its 10-year average of 4.5%, suggesting stronger returns for buy-to-let investors at present.

    Income & Affordability Trends

    Average household income at £33,000 is significantly below the national average, placing the area in the lower quartile nationally. The price-to-income ratio of 10.0x has deteriorated sharply since 2016, when it stood at 6.4x, reflecting growing affordability pressure for owner-occupiers. Rental affordability has also tightened slightly, with rents now consuming 20.5% of household income compared to 19.5% in 2016.

    Resident Demographic Profile

    The population is notably older, with nearly 30% aged 65 and above compared to the national figure of 19.6%, and only 14.4% under 15 against 17.5% nationally. Housing is dominated by outright ownership at 51.7%—far above the national average of 33.7%—reflecting a mature, settled population. The employment mix is heavily skewed toward skilled trades, which account for 23.4% of jobs against 10.5% nationally, consistent with the area's rural and construction-dependent economy.

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