Feb 07, 2023 by HM

House prices in Carlisle (CA1 2)

This article reveals price per square metre data and various charts to help you understand current housing market in Carlisle (CA1 2).

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Price per square metre

Knowing the average house price in Carlisle is not much use. However, knowing average price per square metre can be quite useful. Price per sqm allows some comparison between properties of different size. We define price per square metre as the sold price divided by the internal area of a property:

£ per sqm = price ÷ internal area

E.g. 6, Chertsey Bank, Carlisle, sold for £145,000 on Sep-2023. Given the internal area of 69 square metres, the price per sqm is £2,101.

England & Wales have been officially metric for many decades. However house price per square foot is sometimes prefered by those of sufficiently advanced age. They may want to convert metres on this page to square feet.

The chart below is called a histogram, it helps you see the distribution of this house price per sqm data. To make this chart we put the sales data into a series of £ per sqm 'buckets' (e.g. £1,900-£2,000, £2,000-£2,100, £2,100-£2,200 etc...) we then count the number of sales with within in each bucket and plot the results. The chart is based on 390 sales in Carlisle (CA1 2) that took place in the last two years.

You can see the spread of prices above. This is because although internal area is a key factor in determining valuation, it is not the only factor. Many factors other than size affect desirability; these factors could be condition, aspect, garden size, negotiating power of the vendor etc.

That said, the spread of prices will give you a feel of the typical range to expect in Carlisle (CA1 2). Of the 390 transactions, half were sold for between £1,090 and £1,610 per square metre. Notably, only 25% of properties that sold recently were valued at more than £1,610m². For anything to be valued more than this means it has to be more desireable than the clear majority of homes.

For the average, we calculate the 'median' or middle price. The median price per square metre in 'CA1 2' is £1,320. The table below shows how 'CA1 2' compares to neighbouring postcode sectors.

Postcode sector	Lower quartile	Middle quartile	Upper quartile
CA1 3 Carlisle	£1,310m2	£1,570m2	£2,130m2
CA1 1 Carlisle	£940m2	£1,270m2	£1,640m2
CA1 2 Carlisle	£1,090m2	£1,320m2	£1,610m2

Will Carlisle house prices drop in 2024?

I cannot tell the future and don't believe anyone who says they can. I can however plot price trends - I have done this in the scatter plot below for CA1 2 (Carlisle). From this one could infer a range of reasonable possible future price falls or rises. In the chart below, the red dashed line is the house price trend for CA1 2 and the blue dots are the individual property sales that inform this trend.

Disclaimer: The data provided throughout this website about Carlisle and any other area, is not financial advice. Any information provided does not and cannot ever take in to account the particular financial situation, objectives or property needs of either you or anyone reading this information. Furthermore, I cannot guarantee the accuracy of any data shown. This information is based on sold prices and internal area data provided by Land Registry and other third parties - I do not verify the accuracy of the Carlisle data or any other data I am given.

Price map for Carlisle

I've just finished coding the map I link to below. I find it useful and I am sure it will help you in exploring Carlisle. You can zoom in all the way to individual properties and then all the way back out to see the whole country. The colours show the current estimated property values. I will explain more about the methodology and create a key next week.

House price heatmap for Carlisle

Street level data

Street	Avg size	Avg £/m2	Recent sales
Greystone Road, Carlisle, CA1 2D	92m2	£1,149	26
Petteril Street, Carlisle, CA1 2A	121m2	£1,327	24
Lindisfarne Street, Carlisle, CA1 2N	69m2	£1,122	22
Broad Street, Carlisle, CA1 2A	127m2	£1,266	22
Thomson Street, Carlisle, CA1 2L	71m2	£1,099	19
Eldred Street, Carlisle, CA1 2A	108m2	£1,261	18
Alexander Street, Carlisle, CA1 2L	79m2	£991	18
Warwick Road, Carlisle, CA1 2B	121m2	£1,298	16

Search for your street here.

New build activity

Street	Avg size	Avg £/m2	New build sales
Nunnery Close, Carlisle, CA1 2G	92m2	£1,981	19
Rufus Road, Carlisle, CA1 2G	112m2	£2,097	9

Nunnery Close, Carlisle, CA1 2G has seen 19 new build sales in the last 4 years (average price £190,936). These new build homes typically have an internal area of 92 m2, with an average price of £1,981 m2. This £sqm average is £661 above the average for CA1 2. New builds typically command a £ per sqm premium so this is normal.

Raw data

Our analysis of Carlisle is derived from what is essentially a big table of sold prices from Land Registry with added property size information. Below are three rows from this table to give you an idea.

Address	Paid	m2	£/m2
6, Chertsey Bank, Carlisle	£145,000 Sep-2023	69	2,101
20, Linton Close, Carlisle	£120,000 Sep-2023	57	2,105
57, Farlam Drive, Carlisle	£85,000 Sep-2023	69	1,231

See the entire list of all sales in Carlisle (CA1 2) here.