Property trends for LA15

    LA15 covers parts of south Cumbria, including the coastal town of Ulverston and surrounding rural areas in the south Lakes region. It is a quieter, mature community with strong ties to traditional trades and established homeownership.

    At a Glance

    Average Property Price - LA15

    £182,106

    8

    National percentile

    12 month avg at 31 Jul 2026

    Average Monthly Rent - LA

    £815

    20

    National percentile

    Estimate at 31 Jul 2026

    Average Net Household Income - LA15

    £32,954

    19

    National percentile

    2023 census data

    Flat / Maisonette Yield - LA

    5.4%

    26

    National percentile

    Estimate at 31 Jul 2026

    10-Year Annualised Price Growth - LA15

    4.2%

    83

    National percentile

    Estimate at 31 Jul 2026

    10-Year Annualised Rent Growth - LA

    3.4%

    15

    National percentile

    Estimate at 31 Jul 2026

    Street Rankings — LA15

    Top 5 streets in LA15 ranked by 3-year average sale price.

    #Street3Y Avg
    1Urswick Road£540,000
    2Abbey Road£420,000
    3High Bank£399,000
    4Greenhills Way£344,447
    5Hayeswater Drive£325,000

    Latest Rent — LA15

    Property Price & Volume Trends

    The average property price in LA15 is £180,000, placing it among the cheapest in the UK. Over the past decade, prices have grown at 3.7% annually—broadly in line with the national average. Transaction activity has been steady but slightly below its 10-year trend, with 134 sales last year compared to an average of 149.

    Rent & Yield Trends

    Average monthly rent across the broader LA postcode area stands at £795, well below the national norm. Rental growth over the past decade has been slow at 3.2% per year, ranking among the weakest nationally. The flat yield is currently 4.8%, up from a 10-year average of 4.2%, suggesting improved returns for landlords in recent years.

    Income & Affordability Trends

    Average household income in LA15 is £32,954, markedly below the national average. The price-to-income ratio of 4.9x has worsened since 2016 (when it was 4.4x), indicating that homes have become less affordable relative to local earnings. Rental affordability has, however, improved slightly: the rent-to-income ratio now stands at 23.3%, down from 23.7% in 2016.

    Resident Demographic Profile

    The area has a notably older profile: those aged 50–64 and 65+ together account for 46.3% of the population, well above the national combined figure of 39.4%. Ownership is strong—79.4% own either outright or with a mortgage, far exceeding the national rate of 60.7%—while private and social rented tenure is correspondingly low. Employment is dominated by trades (16.2%) and caring professions (11.5%), both notably higher than national averages, reflecting the area's character as a working and service-oriented community.

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