Westmorland and Furness

Data from Land Registry, ONS, Bank of England

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Avg. price

£224,942

↓ -1.7% YoY

Affordability

5.92x

↑ price-to-earnings

Avg. rent

£792/mo

↑ +7.0% YoY

Market outlook for Westmorland and Furness

Key indicators for buyers

Prices easing-1.7% YoYPotential buying opportunity

Affordable5.9xImproving from 7.5x in 2022

Rates favourable3.97%2yr fixed, 75% LTV

Market quiet-6% YoYLess competition

Rents rising fast+7.0% YoYWaiting costs more (£792/mo)

The Westmorland and Furness market looks favourable for buyers. Affordability has improved from a peak of 7.5x in 2022 to 5.9x today. Rising rents (£792/mo, +7.0%) mean the cost of waiting is real.

Price trends

Average sale prices · HM Land Registry / UK HPI

£224,942

↓ -1.7% YoY

Affordability ratio

House price ÷ median earnings · ONS data

5.92x

price-to-earnings

A home in Westmorland and Furness costs 5.9x the local median salary — moderate, improving from a peak of 7.5x in 2022.

Rental trends

Average monthly rent · ONS Private Rental Index

£792/mo

↑ +7.0% YoY

Average monthly rent in Westmorland and Furness is £792, up 7.0% year-on-year. Rents have risen consistently over the past five years.

Monthly mortgage

2yr fixed · 75% LTV · 25yr term · BoE avg. rate

£888

per month at 3.97%

LTV

Term

Deposit (25%)

£56k

Stamp duty

£0

Based on the average Westmorland and Furness price of £224,942 with a 25% deposit (£56k), a 2-year fixed mortgage at 3.97% costs around £888 per month.

Rent vs buy snapshot

Monthly cost comparison based on current data

Renting

£792

per month

0% equity built

Buying (mortgage)

£888

per month

£96 more than renting

Breakeven

11yr

to recoup deposit

vs renting + investing

Monthly mortgage payments (£888) are £96 more than renting (£792). However, buying requires an upfront deposit of £56k — it would take around 11 years to recoup that cost compared to renting and investing the difference.

Recent sales

Latest transactions · HM Land Registry Price Paid Data

Address	Type	Price	Date
111, OXFORD STREET LA14 5QH	Terraced	£175,000	28 Jan 2026
5, KENT COURT LA9 5AN	Flat/Maisonette	£94,000	26 Jan 2026
19, STAFFORD STREET LA15 8HU	Terraced	£100,000	26 Jan 2026
ASHLEIGH, BROUGH SOWERBY CA17 4EG	Detached	£450,000	26 Jan 2026
8, WINFIELD GARDENS, ALLITHWAITE LA11 7DF	Detached	£390,000	26 Jan 2026
95, WEST SHORE ROAD, WALNEY LA14 3TZ	Semi-detached	£220,000	23 Jan 2026
48, ELTERWATER CRESCENT LA14 4PH	Semi-detached

Data sources (all free & public): HM Land Registry Price Paid Data & UK House Price Index · ONS Housing Affordability Ratios · ONS Private Rental Index · Bank of England Quoted Household Interest Rates · HMRC Monthly Property Transactions