Feb 07, 2023 by HM

# House prices in Carlisle (CA3 0)

## Defining 'CA3 0'

This analysis is limited to properties whose postcode starts with "CA3 0", this is also called the postcode sector. It is shown in red on the map above. You can click on the map labels to change to a neighbouring sector.

## 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. 103, Lowry Gardens, Carlisle, sold for £110,000 on Feb-2024. Given the internal area of 75 square metres, the price per sqm is £1,466.

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. £2,350-£2,500, £2,500-£2,650, £2,650-£2,800 etc...) we then count the number of sales with within in each bucket and plot the results. The chart is based on 162 sales in Carlisle (CA3 0) that took place in the last two years.

##### Distribution of £ per sqm for Carlisle (CA3 0)
Distribution of £ per sqm house prices in Carlisle

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 Carlisle (CA3 0). Of the 162 transactions, half were sold for between £1,940 and £2,670 per square metre. The median, or 'middle', price per square metre in 'CA3 0' is £2,380. Notably, only 25% of properties that sold recently were valued at more than £2,670m2. For anything to be valued more than this means it has to be more desireable than the clear majority of homes.

## Price map for Carlisle

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 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.

House price heatmap for Carlisle

## Comparison with neighbouring postcode sectors

The table below shows how 'CA3 0' compares to neighbouring postcode sectors.

Postcode sector Lower quartile Middle quartile Upper quartile
CA3 8 Carlisle £1,200m2 £1,330m2 £1,760m2
CA3 0 Carlisle £1,940m2 £2,380m2 £2,670m2
CA3 9 Carlisle £1,640m2 £1,980m2 £2,430m2

## 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 CA3 0 (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 CA3 0 and the blue dots are the individual property sales that inform this trend.

##### Price per square metre in Carlisle (CA3 0) over time
House price trends for Carlisle

Hover on any blue dot to see details of specific sales

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.

## Street level data

Street Avg size Avg £/m2 Recent sales
Lowry Gardens, Carlisle, CA3 0G 87m2 £1,633 23
Tribune Drive, Carlisle, CA3 0L 76m2 £2,765 20
Kingstown Road, Carlisle, CA3 0A 95m2 £1,935 15
Lowry Hill Road, Carlisle, CA3 0D 92m2 £2,335 15
Pennington Drive, Carlisle, CA3 0P 89m2 £2,395 12
Pinecroft, Carlisle, CA3 0D 102m2 £2,726 10
Millcroft, Carlisle, CA3 0H 127m2 £2,504 10
Kingstown Road, Carlisle, CA3 0B 90m2 £1,593 9

## New build activity

Street Avg size Avg £/m2 New build sales
Greymoor Way, Carlisle, CA3 0F 130m2 £2,008 12
Elmer Place, Carlisle, CA3 0F 120m2 £1,779 10
Edderside Drive, Carlisle, CA3 0B 89m2 £1,737 10

Greymoor Way, Carlisle, CA3 0F has seen 12 new build sales in the last 4 years (average price £194,794). These new build homes typically have an internal area of 130 m2, with an average price of £2,008 m2. This £sqm average is £-372 below the average for CA3 0. New builds typically command a £ per sqm premium. In the case of Greymoor Way the premium seems not to exist. Without more info we can only speculate why this may be. Perhaps it may be greater density and smaller gardens, but this is just a guess.

## 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.