House prices in Allerdale have plummeted by an average of over £8,000 in the month of May, according to figures from the Land Registry.

The price fall in Allerdale is one of the largest percentage decreases in the entirety of the UK over the month.

The latest data from the government department reveals that in May 2022 average house prices in Allerdale reached £168,799.

This was down from £177,565 in April, representing a 4.9 per cent decrease. In the last 12 months it has remained broadly similar.

If you are interested in buying or renting a home, you can see the latest properties in and around Allerdale here.

How much have house prices decreased in Allerdale?

Breaking it down for specific types of housing, all prices saw a decrease.

  • Detached houses - Down to £255,977 from £269,332 in April
  • Semi-detached houses - Down to £165,070 from £173,937 in April
  • Terraced houses - Down to £135,711 from £142,366 in April
  • Flats - Down to £100,806 from £106,994 in April

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How do Allerdale house prices compare to the UK average?

The fall in prices this month means Allerdale is still well below the UK average with typical property value in the nations reaching £283,496 in May.

In cash terms, the average house price in May was £32,210 higher than a year earlier with house price growth accelerating to 12.8 per cent in May 2022. Prices were up by 1.2 per cent month on month.

How much could your house be worth?

We have created this map for the North West so you can see the average house price in each neighbourhood since 1995.

Sites like Zoopla can offer an estimate valuation of your house if you input your postcode into their website here.

The above map can demonstrate which areas of Allerdale are the most expensive for average house prices.