Property trends for LA13

    LA13 covers the southern Lake District and surrounding rural areas in Cumbria, including settlements around Ulverston and the Furness Peninsula. It is a quieter, largely rural district with strong appeal to those seeking countryside living and access to natural heritage.

    At a Glance

    Average Property Price - LA13

    £227,994

    20

    National percentile

    Average Monthly Rent - LA

    £795

    20

    National percentile

    Average Net Household Income - LA13

    £33,029

    19

    National percentile

    Flat / Maisonette Yield - LA

    4.8%

    17

    National percentile

    10-Year Annualised Price Growth - LA13

    4.3%

    74

    National percentile

    10-Year Annualised Rent Growth - LA

    3.2%

    10

    National percentile

    Property Price & Volume Trends

    The average property price in LA13 stands at £228,000, positioning it among the cheaper areas nationally. Over the past decade, prices have grown at 4.3% annually—well above the national average, reflecting sustained demand despite the area's rural character. Transaction activity has slowed recently, with 236 sales in the latest year compared to a 10-year average of 320, suggesting a tightening market.

    Rent & Yield Trends

    Average monthly rent across the broader LA postcode is £795, significantly below the national average. Rental growth has been modest at 3.2% annually over ten years, placing it among the slowest-growing areas nationally. The flat yield has improved to 4.8% in the latest year from a 10-year average of 4.2%, indicating strengthening returns for landlords despite modest rent growth.

    Income & Affordability Trends

    Net household income averages £33,029, well below the national median. The price-to-income ratio of 6.0x has deteriorated slightly since 2016 (5.7x), reflecting prices outpacing wage growth and reducing purchase affordability. Rental affordability has marginally improved: the rent-to-income ratio now stands at 23.3%, down from 23.7% in 2016, though renting still consumes nearly a quarter of typical household income.

    Resident Demographic Profile

    The population skews notably older, with over one-fifth aged 65 and above—well above the national average—while the 16–24 age group is underrepresented at 9%. Housing tenure is heavily weighted towards outright ownership at 41.2%, significantly above the national average, reflecting an older demographic and rural settlement patterns. The employment mix is distinctive for a higher proportion in trades (14.1%) and caring roles (10.9%), offset by fewer managers (8.6%), typical of rural and service-oriented communities.

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