Barrow-in-Furness in Cumbria is emerging as a property hotspot due to its affordability and investment potential. Known for its shipbuilding heritage and proximity to the Lake District, Barrow is attracting commercial property buyers and investors looking for value outside of major cities.
One of the standout features of Barrow-in-Furness is its affordability compared to other areas in Cumbria and the wider North West. Recent analysis by The Telegraph has found that the average house price in Barrow is just £185,073, making it one of the most cost effective places to buy in the country. In fact, the Telegraph report, which compared national data on average house prices, average earnings, food and energy bills and commuting costs, awarded Barrow the highest value for money rating of all British towns and cities.
Despite its proximity to nearby hotspots such as the Lake District, where prices can easily exceed £300,000, house prices in Barrow remain well below average.
For first time buyers, Barrow represents a rare opportunity to get on the property ladder without stretching their finances too far. Even larger family homes are more attainable here than in many other parts of the UK.
A Town on the Rise
Barrow has long been known as a centre for industry, particularly in shipbuilding, with BAE Systems being a major local employer. The town’s economy remains strong, providing stable job opportunities that contribute to its appeal as a place to settle down.
Beyond industry, Barrow is benefiting from investment in regeneration and infrastructure. New developments, improved amenities, and efforts to enhance the town’s appeal mean that property values could see steady growth in the coming years.
For those who love the outdoors, Barrow offers a unique lifestyle. Located just a stone’s throw from the Lake District and with easy access to stunning beaches, residents can enjoy the best of both worlds. Whether it’s exploring the fells, coastal walks, or simply enjoying the fresh sea air, Barrow provides a fantastic quality of life without the high price tag associated with more well-known destinations.
Why a Survey is Essential
As with any property purchase, it is important for buyers in Barrow-in-Furness to instruct a survey before committing to a purchase. Due to the town’s industrial history, older commercial properties may have condition concerns or require updates, in which case a Building Survey Report is essential.
Lea Hough’s team of chartered Building Surveyors and RICS Registered Valuers regularly carry out commercial property surveys and valuations, dilapidations and project management in Barrow-in-Furness and the Cumbria area.
Contact Lea Hough
With its affordability, strong local economy, and access to incredible natural beauty, there’s little doubt that Barrow-in-Furness is a hidden gem in the North West’s property market.
For those looking to buy in the area, contact our Chartered Surveyors for advice or to instruct a commercial property Survey or Valuation.
