# House prices in CA11 8 (Penrith)

## Defining 'CA11 8'

This analysis is limited to properties whose postcode starts with "CA11 8", this is also called the postcode sector. It is shown in red on the map above. There are no official names for postcode sectors so I've just labelled it Penrith.

You can click on the map labels to change to a neighbouring sector, or you can enter a different postcode sector (e.g. CM23 4) below.

FYI, a postcode sector is the full postcode without the last two letters.

## Price per square metre

Knowing the average house price in Penrith 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. 2, Friars Rise, Penrith, sold for £175,000 on Mar-2024. Given the internal area of 62 square metres, the price per sqm is £2,822.

England & Wales have been officially metric since 1965. However house price per square foot is prefered by some estate agents and those of sufficiently advanced age ;-) They may want to convert square meters 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. £2,800-£3,000, £3,000-£3,200, £3,200-£3,400 etc...) we then count the number of sales with within in each bucket and plot the results. The chart is based on 212 sales in Penrith (CA11 8) that took place in the last two years.

##### Distribution of £ per sqm for Penrith
Distribution of £ per sqm house prices in Penrith

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.

The spread of prices will give you a feel of the typical range to expect in Penrith (CA11 8). Of the 212 transactions, half were sold for between £2,270 and £3,140 per square metre. The median, or 'middle', price per square metre in 'CA11 8' is £2,710. Notably, only 25% of properties that sold recently were valued at more than £3,140 sqm. For anything to be valued more than this means it has to be more desireable than the clear majority of homes.

## Price map for Penrith

Do have a look at the interactive price map I created. I find it useful and I am sure it will help you in exploring Penrith. 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.

House price heatmap for Penrith

## Comparison with neighbouring postcode sectors

The table below shows how 'CA11 8' compares to neighbouring postcode sectors.

Postcode sector Lower quartile Middle quartile Upper quartile
CA11 7 Penrith £1,920 sqm £2,310 sqm £2,790 sqm
CA11 0 Stainton £2,680 sqm £3,240 sqm £3,960 sqm
CA11 8 Penrith £2,270 sqm £2,710 sqm £3,140 sqm
CA11 9 Penrith £1,940 sqm £2,330 sqm £2,790 sqm

## Will Penrith 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 chart below for CA11 8 (Penrith) compared with both the wider area CA11 and inflation (CPIH from the Office of National Statistics). The dashed trend lines in the chart show the average over time.

##### Historic price per square metre in Penrith,Penrith
House price trends for Penrith

For the most recent sales activity, rather than a summarized average, it is better to see the underlying data. This is shown in the chart below, where blue dots represent individual sales, click on them to see details. If there is an obvious trend you should be able to spot it here amid the noise from outliers.

##### Most recent CA11 8 sales
Recent trends for Penrith

Data from Land Registry comes in gradually over time. I update it every month but it takes about 5 months for the majority of sales for Penrith to be recorded. Disclaimer: I do not verify and cannot guarantee the accuracy of any data shown. Outliers exist in the data, typically these are where the EPC registry records the internal area incorrectly, sometimes although very rarely the Land Registry price paid data can be wrong. The data provided throughout this website about Penrith 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.

## Street level data

Street Avg size Avg £sqm Recent sales
Victoria Road, Penrith, CA11 8H 71 sqm £2,155 14
Netherend Road, Penrith, CA11 8P 76 sqm £2,988 14
Clifford Road, Penrith, CA11 8P 88 sqm £2,529 13
Meadow Croft, Penrith, CA11 8E 77 sqm £2,952 12
Roper Street, Penrith, CA11 8E 64 sqm £1,745 12
Bridge Lane, Penrith, CA11 8R 62 sqm £2,025 12
Holme Riggs Avenue, Penrith, CA11 8N 86 sqm £2,385 11
Brentfield Way, Penrith, CA11 8D 87 sqm £2,082 10

## New build activity

Street Avg size Avg £sqm New build sales
Roper Street, Penrith, CA11 8F 64 sqm £3,791 32
Centurion Rise, Penrith, CA11 8B 107 sqm £2,664 10

Roper Street, Penrith, CA11 8F has seen 32 new build sales in the last 4 years (average price £237,237). These new build homes typically have an internal area of 64 sqm, with an average price of £3,791 sqm. This £sqm average is £0 above the average for CA11 8. New builds typically command a £ per sqm premium so this is normal.

## Raw data

Our analysis of Penrith 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.