Average Price for property in Millom is around £131,718 which varies based on type of property you are interested in and ranges from £231,821 for detached house to around £132,784 for semi-detached. Similarly terraced house is around £85,496 and a flat is worth £80,556. Values have been changing and have risen £1,239 in last 3 months alone. Similar historical trend can be observed in price changes e.g. prices changed £4,603 in last 6 months, £7,184 in last 1 year, £7,695 in last 2 years, £10,707 in last 3 years, £7,096 in last 4 years and £3,300 in last 5 years.
Currently average asking price of a property in Millom is around £166,462 based on approximately 90 properties for sale. Same is the case with rental options based on 18 properties up for rent, average asking rent is around £451 per month.
Estimated property value in Millom is £131,718. Average asking price is £166,462 while average price paid is £111,321 which is up by £7,184 and Avg. asking rent £451.Based on an Online Survey
Buyers are willing to pay high dollar prices to grab these properties because of the recent trend in real estate investment especially in Millom area. In last 1 year alone average price buyer paid is around £111,321 based on approximately 90 sales in Millom area alone. If you compare it to last 3 years sales of 307 properties where buyers paid around £111,444. It has been same for some time now for e.g. if you take an average of amount paid in last 5 years, it comes to around £111,128 for 490 and average amount paid for purchase of approx. 738 properties sold in last 7 years comes to about £115,978 per sale.