Carlisle Buy-to-Let Guide | Property Investment Insights Skip to content

Carlisle Buy-to-Let Guide

Don't miss out on the best new investment deals. Enter your details now to sign up to our mailing list and receive exclusive information straight to your inbox.

    Everything You Need to Know About Carlisle Buy-to-Let

    If you’re considering entering the world of property investment, Carlisle might just be the hidden gem you’ve been looking for.

    Situated in the picturesque county of Cumbria, Carlisle offers a unique blend of affordability, rental demand, and potential for capital growth.

    From property prices to rental market trends and area breakdowns, here’s a comprehensive guide to help you navigate buy-to-let property investment in Carlisle!

    Why not learn more about how to invest in real estate in the UK with our dedicated guide?

    Liverpool's Biggest, Boldest Development!

    Last chance to invest! Earn up to £28k Annually with 6% assured yields.

      Buy-to-Let Property Prices in Carlisle

      According to Rightmove, the average price of a property sold in Carlisle over the last year was £155,724. Compared to the overall UK average of £284,691, prices in Carlisle are over £128,000 cheaper.

      Sold prices in Carlisle over the last year were 6% down on the previous year and 2% lower than in 2021.

      But is this trend set to continue?

      According to Savills, capital values in the North West region are projected to rise by 20.2% over the next five years, marking one of the highest forecasts in the UK.

      Read More: Wondering if buy-to-let is a good investment? Discover what to expect with UK property investment in our recent market insights!

      Just 23-Mins from Central London

      Premium London Commuter Belt apartments are securable for just £51,442, thanks to a new payment structure just agreed with the developer!

      Buy-to-Let Rental Market in Carlisle

      Carlisle boasts a vibrant rental market driven by a diverse population, including students, professionals, and families.

      The demand for rental properties in the city remains consistently high, thanks to its thriving local economy and excellent transport links. Whether you’re considering investing in a student flat near the University of Cumbria or a family home in one of Carlisle’s residential suburbs, there are plenty of opportunities to secure reliable tenants and achieve competitive rental yields.

      According to, the average monthly rent in Carlisle is £618 PCM, which is considerably lower than the UK average rent of £1,262 PCM, as outlined by the latest HomeLet Rental Index.

      Looking for a Stress-Free Investment?

      Secure a 2-bed townhouse for just £35,495, with nothing to pay until next year!

      Investment Properties for Sale in Carlisle

      For those looking to dip their toes into the world of buy-to-let investment, Carlisle offers a range of investment properties for sale – from traditional terraced houses to modern apartments.

      Analysis from Rightmove indicates that the majority of sales in Carlisle over the past year were terraced properties, which saw an average price of £123,070. Semi-detached properties garnered an average selling price of £158,948, while detached properties achieved a higher average of £285,533.

      Further Reading: Learn how to make money from UK property and find the best type of property to invest in!

      Save £5,000 On Your Next Purchase

      Sign Up to our newsletter and receive a Discount Code for our latest property launch.

        Buy-to-Let Investment in Carlisle: Area Breakdown

        When considering a buy-to-let investment in Carlisle, it’s vital that investors understand the different areas within the city.

        Carlisle Town Centre presents an attractive option for investors seeking the convenience of urban living, with a range of amenities and transport links close at hand. Currock, located just south of the city centre, is a quieter residential setting, ideal for families looking for more space and tranquillity. Morton, in the west, offers a blend of suburban charm and easy access to the countryside, making it an appealing option for those seeking a balance between city living and rural retreats.

        Carlisle City Centre (CA3)

        Average Property Prices in Carlisle City Centre

        The average property price in this area is £213,318.

        Average Rental Yield in Carlisle City Centre

        The average rental yield in this area is 3.54%.

        Unbeatable Views, Unbeatable Returns

        Secure a 2-bed apartment in this landmark development boasting panoramic views of Liverpool’s Waterfront.


          Average Property Prices in Currock

          The average property price in this area is £117,657.

          Average Rental Yield in Currock

          The average rental yield in this area is 5.72%


          Average Property Prices in Morton

          The average property price in this area is £147,500.

          Average Rental Yield in Morton

          The average rental yield in this area is 4.57%.

          (Average property prices were taken from Rightmove in early 2024; gross rental yield estimates were calculated with figures from in the same period)

          What is the Best Area of Carlisle to Invest In?

          Areas like Currock offer prices below the UK average, producing a respectable yield of around 5%.

          However, properties in Carlisle City Centre typically see higher averages, potentially leading to lower rental returns.

          Opting for a buy-to-let property in Currock could see more significant returns and offer a broader range of demographics for investors to target.

          RWinvest Investment Finder

          Find the Perfect Investment for you.

            What's your investment objective?

            Minimum investment of £40,000

            What's your estimated budget?

            What areas are you interested in?

            What size property interests you?

            Your exclusive brochure is ready!

            Person typing on a laptop with hologram display

            Why You Should Consider a Buy-to-Let Investment in Carlisle

            Local Infrastructure

            Carlisle’s primary industries encompass light manufacturing, wholesale, retail, agriculture, transport, logistics, and public services.

            The city boasts numerous large industrial estates, including Kingstown Industrial Estate and Kingsmoor Park, strategically located along the M6 motorway, facilitating local employment opportunities.

            These industrial hubs not only leverage Carlisle’s advantageous position but also contribute significantly to the city’s economic vitality and growth.

            Thriving Tourism Sector

            Although not renowned as a top tourist destination, Carlisle boasts a rich historical heritage. Local landmarks such as Carlisle Castle and Tullie House Museum and Art Gallery offer visitors a glimpse into the city’s past.

            Situated near the Lake District, one of Britain’s busiest tourist regions, Carlisle serves as an ideal base for exploring nearby attractions such as Hadrian’s Wall, designated as a UNESCO World Heritage Site, and the picturesque Solway Coast.

            Additionally, the impressive Settle Carlisle Railway, which terminates in Carlisle, provides visitors with a scenic journey through stunning landscapes.

            How to Build a Property Portfolio, Get Started Now!

            Tips on how to start building your property portfolio with tools for success.

            New builds

            Carlisle New-Builds

            Investing in new-build properties is a growing trend in the modern UK property market, gaining the attention of investors and tenants alike. Newly built properties require almost zero maintenance before becoming market-ready, meaning that residents can move in quicker, and landlords can begin seeing returns much earlier.

            As this demand has increased, the UK housing supply has struggled to keep up. Understandably, the necessity for new housing opportunities has become increasingly apparent, with many local authorities implementing various strategies to help alleviate the issue.

            For example, in conjunction with various private developers, Carlisle City Council has engaged in multiple new housing projects to help foster sustainable and low-cost homes within the region.

            Considering the present market dynamics, opting for new-build properties could prove to be a strong investment strategy over the coming years.

            While Carlisle presents some investment opportunities, new-builds in Manchester or other larger cities may offer more extensive investment prospects and potentially higher capital appreciation.

            Get Your FREE Liverpool Investment Guide

            Everything you need to know about investing in Liverpool, one of the UK’s hottest investment cities.

              Off-Plan Property in Carlisle

              Investing in off-plan property allows access to newly built developments at a more affordable price. Investors opting for off-plan properties commit to purchasing a property before its completion, often securing it at a discounted rate compared to standard market prices.

              Engaging with developments early can result in substantial capital appreciation with a lower initial investment, as the value typically increases as the off-plan property nears completion.

              Like many new-build investments, especially in sought-after areas, off-plan properties typically experience high rental demand, potentially yielding strong long-term returns.

              However, while there are some off-plan options available in Carlisle, there are a greater number of investment opportunities available in larger UK cities.

              Find Out More: Get further insights into the market with our latest buy-to-let guides, covering everything from off-plan property in Dewsbury to the best UK investment opportunities!

              Last Chance to Invest in Luxury Waterfront Apartments

              Limited time offer! Back-to-market 1-bed units in one of our best-ever developments

              How Does Carlisle Compare to Other UK Regions When It Comes to Buy-to-Let?

              When comparing Carlisle to other UK regions for buy-to-let investment, it’s essential to consider factors such as rental yields, property appreciation rates, and overall market stability.

              While Carlisle may not boast the same level of investment activity as major metropolitan cities like London, it can offer distinct advantages for savvy investors.

              With its relatively affordable property prices and steady rental demand, Carlisle presents an attractive opportunity for those looking to enter the buy-to-let market without breaking the bank. The city’s proximity to popular tourist destinations such as the Lake District and Hadrian’s Wall also adds to its appeal, drawing in holidaymakers and potential tenants alike.

              As mentioned, the North West is expected to see an average capital growth of 20.2% by 2028, meaning that the area could be a top choice for those seeking long-term gains.

              However, it is possible to obtain similar demand levels, higher returns and affordability in other North West hotspots. For example, buy-to-let properties in Liverpool typically offer yields exceeding 8% in certain areas, with prices often well below the UK average.

              Join Our Mailing List

              Sign up to our mailing list today for information on the latest buy to let deals, new property launches, expert insights, and more.

                Want to Invest in Carlisle?

                So, is Carlisle the best place to invest in UK property?

                With affordable property prices and room for capital appreciation, the area could offer some solid opportunities for investors.

                However, there may be greater potential in larger North West cities like Liverpool and Manchester. These cities offer robust property markets, higher rental yields, and stronger capital appreciation than Carlisle.

                By exploring investment options in Liverpool and Manchester, investors can tap into dynamic economies and thriving rental markets for potentially more significant returns on their investments.

                Delve deeper into the UK property market with our recent buy-to-let guides:

                Map of Carlisle

                Disclaimer Image
                Avatar photo

                Reece Pape

                Reece Pape is a property writer at RWinvest. Utilising up-to-date property statistics and data, Reece aims to keep investors informed on the latest market developments.