Property trends for CA22

    CA22 covers the southern Lake District, encompassing towns and villages around Millom and the Furness Peninsula in south-west Cumbria. It is a rural and coastal area with a quiet, established character, appealing to those seeking countryside living and access to natural attractions.

    At a Glance

    Average Property Price - CA22

    £170,255

    6

    National percentile

    Average Monthly Rent - CA

    £661

    3

    National percentile

    Average Net Household Income - CA22

    £34,893

    31

    National percentile

    Flat / Maisonette Yield - CA

    5.3%

    34

    National percentile

    10-Year Annualised Price Growth - CA22

    3.0%

    29

    National percentile

    10-Year Annualised Rent Growth - CA

    3.1%

    8

    National percentile

    Property Price & Volume Trends

    The latest average property price in CA22 is £170,000, placing it among the cheapest in the country. Over the past decade, prices have grown at 3.0% annually—below the national average pace. Transaction activity has slowed recently, with 99 sales in the latest full year compared to a 10-year average of 116 per year.

    Rent & Yield Trends

    Average monthly rent across the broader CA postcode is £661, well below the national average and among the most affordable in the UK. Over the past decade, rents have grown at 3.1% per year, which is below the national rate of increase. The flat yield currently stands at 5.3%, up from a 10-year average of 4.5%, indicating an improving rental return on investment.

    Income & Affordability Trends

    Average net household income is £34,893, below the national average. The price-to-income ratio is 4.3x, having widened from 3.7x in 2016, indicating that affordability for purchasers has eroded despite low absolute prices. The rent-to-income ratio has also increased to 20.5% from 19.5% in 2016, suggesting rental affordability has tightened slightly.

    Resident Demographic Profile

    CA22 has a notably older population: those aged 50 and over account for nearly half the population, with the 65+ group at 24% compared to the national average of 19.6%. The 16–24 age group is underrepresented at 8.6%, well below the national 11.0%. Housing is dominated by outright ownership at 44%, significantly above the national 33.7%, while private renting is rare at just 10.7%. Employment is skewed towards trades (14.1%) and plant/machine work (9.7%), both well above national averages, reflecting a more working-class and manual labour-focused economy.

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