Carlisle might be an interesting area to invest in when looking for a house for sale in the UK as it is a unique area in the county of Cumbria.
Before looking for a house for sale in the city of Carlisle we strongly suggest landlords and real estate investors to research in detail and consider all involved factors. Indeed, house prices can change quite a bit depending on the square foot of the property, the number of rooms, the economic climate, the location of the house and more.
In this data heavy article the reader will be able to find out more on the topic and see the specific data to consider when evaluating different houses for sale in Carlisle.
In general, what do houses for sale sell for in Carlisle?
In Carlisle, houses for sale are sold at an average of £150,494. In general, multiple factors impact this figure because lots of variables impact properties valuation. This can include the quality of the buildings in general, whether the population has grown, if there is demand for housing or if there is a low crime rate which would make the area more desirable.
In the table below, you can see for yourself how the average price of a house for sale looks based on the different sizes of housing in Carlisle. The exact amount of variation between the types of housing depends on the local demand for particular types of houses in the area.
|Housing category||Total final sale price|
|Aerage sold price (detached)||£226,059|
|Aerage sold price (semi-detached)||£147,002|
|Aerage sold price (terraced)||£114,842|
|Aerage sold price (flat)||£90,757|
As you can see above, for Carlisle, price varies based on the type of house that is being sold. If these prices shock you it could be due to population change in the last 10 years of 1% where lots of movement may inflate or deflate house prices.
|Housing category||Sale price per square foot|
|Aerage sold price/sqft||£1,580|
|Aerage sold price/sqft (new build)||£1,880|
|Aerage sold price/sqft (old stock)||£1,515|
Looking at the second table about Carlisle, you are able to tell which type of housing is most affordable to you as a buyer. However, for a general overview of what house price is, the average price per square foot for a house in Carlisle is £1,580.
What’s the rental yield in general for the city of Carlisle?
You may have heard of rental yield as being important for investors who wish to make a sizable profit on their rental properties. If this sounds like you and you’re looking to invest in a house currently for sale and collect rental income in Carlisle this statistic is what you were looking for.
Data should also be compared to the broader region of the UK (North West) alongside Cumbria then looked at with other statistics like the area’s rent and the turnover of sale of the houses in question. It could be that an investor prefers to make a profit on the sale of a house rather than the rental income and optimal properties for this investment varies throughout Carlisle.
This decision is made differently depending on the investor’s tolerance for risk, investing strategy, the location they’re investing in and their overall goal for buying a house currently listed for sale.
|Average Yield||Average Asking rent||Turnover (rental)||Turnover (sale)|
As you observe table above, it could be valuable to contrast these figures with other pieces of data relevant to the process of buying like the crime rate or the appreciation of houses for sale in Carlisle.
As you can tell, the best conclusions are drawn when the buyer of a house for sale looks at all the data involved holistically and doesn’t make quick decisions based on one or two pieces of data. As an example, comparing the data with the number of property sold per month (59) will be useful.
What is the growth in the housing market of Carlisle?
Before making an investment and move forward with buying a house for sale, another important set of data an investor should analyse is the growth trends of the area in question.
Below are the forecasted growth rates for the city of Carlisle at 1 year, 3 year and 5 year intervals:
|1 year||3 years||5 years|
|Carlisle growth rate||0%||3%||8%|
Examine this figure carefully as the addition of a lot of new houses to meet demand could mean that house price of the houses for sale in Carlisle gradually reduces with an increase in the housing supply. This could be a good indicator to understand if your house will appreciate or not. Too many houses and too much supply could drive down the prices of homes or stagnate them. So be sure to check out what is exactly happening in Carlisle.
What is the asking price on average of houses for sale in Carlisle?
In the city of Carlisle, what is the average asking price for the houses for sale?
|Average asking price (1 bed)||no relevant data for this city|
|Average asking price (2 bed)||£126,663|
|Average asking price (3 bed)||£188,799|
|Average asking price (4 bed)||£303,042|
|Average asking price (5 bed)||no relevant data for this city|
Reading the table above should therefore give you a good idea of the type of house for sale that is within your budget in Carlisle and if you may need to look at a different area in order to buy the type of house you can afford.
Also, noting the £0 should also give you an overview of what the asking price for houses for sale are in general.
Before a house gets sold, the figure it sells for always starts off as an asking price. This average asking price for the houses for sale in Carlisle determines the eventual sale price of the house so it isn’t the most important figure but is still important to take note of. This figure is currently £181,150.
Below, there is a table showing the asking price of the different sizes of houses based on the number of bedrooms of the houses in Carlisle.
What kind of demographics does the city of Carlisle have?
In Carlisle, how educated are people in general?
Interestingly, the percentage of people who have a degree in the city of Carlisle is 23%. Most of the time, the more people that have a degree, the higher the average household income and the more likely someone is to be able to afford to purchase a house. For example, the average income of the citizens in the area of Carlisle is £37,050.
Generally, areas with high numbers of people with a degree are also areas with more people likely to be home owners and therefore the value of houses and relative prices of the houses for sale are more likely to go up too.
Nonetheless, making predictions about the appreciation of a house also has to be considered alongside other factors like population growth and the rental yields of the area.
However, most of the time, being educated is a good indication of affluence with 82% of people graded a first in tertiary education going on to eventually own a house.
How much do people in Carlisle earn?
As earning potential goes up in a city, so does the quality of schools in the area, the general infrastructure and the social grade score (17%). All in all, the area becomes a more desirable place to live in.
This is why it is vital to pay attention to how much people are making annually in any city you plan on making a house purchase in. In Carlisle, this works out to be £37,050. This can be looked at alongside the average household income which is price34,000to estimate how affluent the area is.
In the city of Carlisle, has the population grown or shrunk?
The city of Carlisle has a total population of 53,712. Large population sizes can be good to show there is a high demand for people to buy houses in the area but a better indication is if the population of Carlisle is growing.
A small population city can also have high prices of houses for sale, because, if there is a growing population, and demand is still high, this could mean the house prices are pushed up.
Either way, a population must also be looked at in terms of the appreciation of the area as well as the rental yields and if the area really meets your needs.
The five year population change of Carlisle
Over time, in the last five years, the population of the city of Carlisle has changed by 0%. This figure can tell you a lot because a growing population indicates a house is likely to appreciate. Read more here
In addition, looking at the 10 year figure for population growth in the below paragraphs can give you further evidence as to what the change in population has been for a longer period of time. As a result, you’ll know if this 0% population change is something that has been there for a while or if it is a new trend. Click here to know more on the UK population trends.
What is the difference in population over the last 10 years in Carlisle?
In the last 10 years, there has been a shift in the population of 1%.
Comparing this to the 5 year figure of Carlisle can tell you if there is a long history of population growth or decline, if there are population fluctuations or if the trend is stable.
New industries opening up in the area, the addition of new jobs and also international and national migration might all be reasons for changes in population size. Resulting in people moving in or leaving an area.
A good example of a quick change in population was in Stratford, London in 2012. Here, there was an increase in government spending in the area because of the Olympics which resulted in massive population growth.
How much green space is available to residents of Carlisle?
Whether you view green space in Carlisle as important to you as a homeowner is up to your personal preferences. Having said this, there is a clear benefit on the overall health of people who live near green space as the government has stated keeping green space in proximity to people is one of the biggest factors for combating obesity.
In Carlisle, the number of acres of green space for every 1000 people currently is 11.4 which can be measured against the UK average of 1.7.
What is a social grade score and how does this relate to Carlisle?
Most of the time, the social grade score of a city is what it takes to determine what the economic levels are like as this score refers to what type of jobs the people of the area generally work as. So, from highly skilled, managerial roles, to the manual labour workers of the UK, how does Carlisle compare?
At the highest end of the scale (A) jobs that are managerial administrative or professional are all lumped into this category. On the other hand, there is the lowest grade (E) where workers who are on benefits, state pensions or work casual jobs fall into.
In Carlisle, the percentage of people who work in the two highest skilled categories of this scale (A and B) is 17%.
So you can compare this data, here is the estimated grouping of the social grades of the UK for the general population. Adding the two highest categories of A and B and comparing this percentage to the high social grade score which combines A and B should give you a good comparison.
|Social Score||Category||The proportion of the UK population (%)|
|A||Professional, managerial or administrative||4|
|B||Intermediate managerial or professional jobs||23|
|C1||Supervisory, junior managerial or professional jobs||29|
|C2||Skilled manual workers||21|
|D||Semi and unskilled manual workers||15|
|E||State pensioners, casual & lowest grade workers||8|
In general, do people commit a lot of crime in Carlisle?
For the city of Carlisle, crime rate is at 114. So for every 1000 people in the area, 114 commit a crime which is prosecuted. Paying close attention to this figure of crime rate is not only important for the value of a house but also to calculate the maintenance cost of owning a house and how attractive an area can be for future buyers.
So, compare it to the nationwide average of 79.52 per 1000 people and consider if you are happy with this figure based on the price you’re paying for a house you’re interested in.
On top of this, houses that are in areas where there is a high crime rate tend to have to pay higher insurance rates, costing a homeowner in the long term.
Additionally, paying for further security on a house such as CCTV or potentially gates and fences that deter thieves may be necessary for an area with a high crime rate.
The city of Carlisle, situated in Cumbria, is a particularly impressive part of the UK because of the specific demographics of the location.
In the below headings, the city of Carlisle and its demographics will be compared to its wider location (North West). This includes population size, growth and population education now and into the future.
These statistics are heavily influenced by socio-economic factors and as a result this also shapes the projected house price of the houses for sale in Carlisle. So, taking a good look at the data is essential to understand the area you are considering to buy in.
Is the city of Carlisle deprived?
The deprivation levels of the UK can vary quite a bit. High deprivation levels signal a particular area has people who are struggling to make ends meet and pay for basic living expenses. For Carlisle, in particular, the deprivation levels are 24%.
This figure can be contrasted with the deprivation levels of the UK of 33% to see if the levels are below or above average.
Invest in houses for sale in Carlisle with the right professional advice
Considering all the above data and information provided, you may want know who can help you buy a house for sale.
Lots of professionals offer property investors and first-time buyers advice and assistance in dealing with the process of acquiring a house for sale.
Below, you can find a list of professionals that come in handy when looking for houses for sale:
- Lender – Is someone capable of lending you the money you need to complete the purchase of the house for sale
- Insurer – Insurance companies provide building insurances and other financial products you need to protect your real estate assets
- Conveyancer – This professional will take care of the legal work needed when looking for a house for sale
- Surveyor – Use this professional to assess the condition of the house for sale you are willing to buy, get an independent valuation and feel more comfortable when negotiating the final price
- Mortgage broker or adviser – Different buyers can access different mortgages to buy a house for sale. Let the mortgage broker suggest to you which one is the best given your financial situation
- Energy professional – Nowadays is more important than ever, to get professional advice on the Energy Performance Certificate (EPC) of the house for sale you are considering as your next investment
A house for sale appropriate to your needs
Find here below a list of criteria that we suggest you consider before looking for houses for sale in Carlisle
affordability – the UK gov website comes in helpful when you want to understand (see what house for sale you can afford)
Geographic Location – the county and region across the UK you are considering to invest in are crucial factors to consider when browsing houses for sale.
Transport network of the house for sale – Hopefully, the pandemic stays in the past. Therefore, working from home may become less predominant than a couple of years ago. Check the commuting time of the house for sale you are considering buying.
Bedrooms in the house for sale – are you looking for houses for sale for yourself, for a couple or for the whole family? This condition will narrow down the number of houses for sale relevant to buy.
EPC of the house for sale – today more than ever, the energy performance of the properties for sale on the market should be one of the first things you check.
Broadband speed – having a good internet connection is crucial nowadays. Always check the available subscriptions available for the areas of the house for sale you want to purchase
Are you a car owner? – if yes, you will have to check for parking availability of the house for sale. Does it come with a garage included in the price?
Conservation areas – when browsing for houses for sale, we suggest you take a look at the National Heritage list. When a house for sale is included it means that it is not possible for the future homeowner to make changes to the property, both inside and outside.
Houses for sale Conditions – some properties, like new builds, need no repairs or works; other houses listed for sale may need some investment to restore them and some others may need a complete renovation. Someone looking for houses for sale should always think about how much time and money they are willing to invest to complete the needed repairs.
Other cities you can consider looking for with houses for sale
See here below a list of cities in the same UK region of Carlisle which is North West. You might want to consider these as alternatives for your next real estate investment:
- Adwalton in North West
- Bryn in North West
- Dukinfield in North West
- Boothstown in North West
- Wardle in North West
Or, visit our dedicated page on the houses for sale data for the whole of the UK – houses for sale in the UK.