Feb 07, 2023 by HM

House prices in Carlisle (CA2 5)

This article reveals price per square metre data and various charts to help you understand current housing market in Carlisle (CA2 5).

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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. 12, Graham Street, Carlisle, sold for £70,000 on Sep-2023. Given the internal area of 59 square metres, the price per sqm is £1,186.

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 266 sales in Carlisle (CA2 5) 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 (CA2 5). Of the 266 transactions, half were sold for between £1,100 and £1,630 per square metre. Notably, only 25% of properties that sold recently were valued at more than £1,630m². 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 'CA2 5' is £1,300. The table below shows how 'CA2 5' compares to neighbouring postcode sectors.

Postcode sector	Lower quartile	Middle quartile	Upper quartile
CA2 5 Carlisle	£1,100m2	£1,300m2	£1,630m2
CA2 4 Carlisle	£1,110m2	£1,370m2	£1,790m2
CA2 6 Carlisle	£1,380m2	£1,740m2	£2,150m2
CA2 7 Carlisle	£1,260m2	£1,720m2	£2,090m2

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 CA2 5 (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 CA2 5 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
Crummock Street, Carlisle, CA2 5P	66m2	£1,268	26
Trafalgar Street, Carlisle, CA2 5X	81m2	£1,130	22
Nelson Street, Carlisle, CA2 5N	103m2	£1,200	21
Denton Mill Close, Carlisle, CA2 5N	71m2	£999	18
Bedford Road, Carlisle, CA2 5Q	91m2	£1,640	15
Colville Street, Carlisle, CA2 5H	94m2	£1,052	14
Dalston Road, Carlisle, CA2 5P	124m2	£1,600	14
Denton Street, Carlisle, CA2 5J	92m2	£1,185	13

Search for your street here.

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
12, Graham St, Carlisle	£70,000 Sep-2023	59	1,186
64, Nelson St, Carlisle	£130,000 Sep-2023	94	1,382
9, Crummock St, Carlisle	£89,000 Aug-2023	70	1,271

See the entire list of all sales in Carlisle (CA2 5) here.