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Melbourne House Thacka Lane is a residential building situated on Thacka Lane, Penrith, CA11 with 2 addresses.
It ranks as the 169th largest and 253rd most expensive of the 411 buildings in the CA11 area. The dominant property type is a modern flat built after 1980.
The building contains a total of 2 properties: 2 flats.
Melbourne House Thacka Lane is a residential building situated on Thacka Lane, Penrith, CA11 with 2 addresses.
It ranks as the 169th largest and 253rd most expensive of the 411 buildings in the CA11 area. The dominant property type is a modern flat built after 1980.
The building contains a total of 2 properties: 2 flats.
Sale prices range from £128,664 for 2 bedroom Leasehold flats (602 ft2) to £232,253 for 2 bedroom freehold houses with a garden (764 ft2) .
Monthly rental prices range from £758 pcm for 2 bed flats to £1,170 pcm for 2 bed houses.
The gross rental yield is between 6.0% and 7.1%.
The average value per square foot is £258.
The last sale in Melbourne House Thacka Lane sold for £100,000 on 27th March 2015. Since then prices are up an average of 27.0%.
The current average value in the building is £180,458.
The Melbourne House Thacka Lane Sales Market has increased by 26.8% over the last 10 years.
| Period | Year on Year | Average Price |
|---|---|---|
| May 2026 | -0.2% | £180,458 |
| May 2025 | -0.6% | £180,811 |
| May 2024 | 2.4% | £181,896 |
| May 2023 | 1.9% | £177,559 |
| May 2022 | 10.6% | £174,195 |
| May 2021 | 7.1% | £157,439 |
| May 2020 | -0.8% | £146,934 |
| May 2019 | -0.3% | £148,061 |
| May 2018 | 2.1% | £148,494 |
| May 2017 | 2.2% | £145,461 |
| May 2016 | 0.5% | £142,361 |
| May 2015 | 2.4% | £141,635 |
| May 2014 | 0.8% | £138,349 |
| May 2013 | 1.1% | £137,286 |
| May 2012 | -5.6% | £135,788 |
| May 2011 | -2% | £143,861 |
| May 2010 | 2.7% | £146,857 |
| May 2009 | -11.5% | £143,022 |
| May 2008 | 2.8% | £161,657 |
| May 2007 | 0% | £157,250 |
The current average rental value in the building is £964.
The Melbourne House Thacka Lane Rental Market has increased by 47.1% over the last 10 years.
| Period | Year on Year | Average Price |
|---|---|---|
| May 2026 | 4.1% | £964pcm |
| May 2025 | 12.6% | £926pcm |
| May 2024 | 7.4% | £822pcm |
| May 2023 | 6.8% | £765pcm |
| May 2022 | 9.5% | £716pcm |
| May 2021 | 2.4% | £654pcm |
| May 2020 | 0.2% | £639pcm |
| May 2019 | 0% | £638pcm |
| May 2018 | -0.4% | £638pcm |
| May 2017 | -2.3% | £640pcm |
| May 2016 | 4.2% | £655pcm |
| May 2015 | -0.3% | £629pcm |
| May 2014 | 1.3% | £631pcm |
| May 2013 | 0.1% | £623pcm |
| May 2012 | -1.4% | £622pcm |
| May 2011 | -0.4% | £631pcm |
| May 2010 | -0.4% | £633pcm |
| May 2009 | -3.6% | £636pcm |
| May 2008 | 10.3% | £660pcm |
| May 2007 | 0% | £598pcm |
The last sale was on 27th March 2015 for £100,000 and since then the market in the area has increased by 27.0%. The building has had a total of 2 sales since 1995.
Melbourne House, Thacka Lane, Penrith, CA11 9NG has seen no sales in the last three years and no sales in the last twelve months.
The closest station to Melbourne House, Thacka Lane, Penrith, CA11 9NG is Penrith (North Lakes) station which is 1.2 kilometres away.
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The recent census recorded whether a resident owned or rented their home.
In the area around Melbourne House, Thacka Lane, Penrith, CA11 9NG, 39.1% of property is privately owned outright and 28.3% is privately owned with a mortgage.
The graph below shows how this compares to North West and the rest of England & Wales.
The recent census recorded the highest level of education achieved by residents in the local area.
In the area around Melbourne House, Thacka Lane, Penrith, CA11 9NG, 20.4% of residents are recorded as possessing school level qualifications and 22.2% as possessing degree level qualifications.
The graph below shows how this compares to North West and the rest of England & Wales.
The most recent census in 2021 recorded the age of all UK residents.
In the area around Melbourne House, Thacka Lane, Penrith, CA11 9NG, the average age was 42.4 and the most common age was 52.
The graph below shows how this compares to North West and the rest of England & Wales
The recent census recorded whether a property was a primary or secondary home for the resident.
In the area around Melbourne House, Thacka Lane, Penrith, CA11 9NG, 0.0% of property was a second home.
Comparison figures for North West and the rest of England & Wales are listed below.
The recent census recorded the number of cars registered in each household.
In the area around Melbourne House, Thacka Lane, Penrith, CA11 9NG, there are an average of 1.5 cars per household.
See below for how this compares to North West and the rest of England & Wales.