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House Prices in BB12 House Prices in BB12 (Burnley)

The average house price in BB12 (Burnley) is £164,386 using HM Land Registry data.

The average property price increased by £28,324 (53.66%) over the last 5 years and increased by £5,675 (6.82%) over the last 12 months.

Over the last year, there were 443 residential property sales – a decrease of 103 transactions (-23.25%) relative to the previous year. The majority of house sales (132) were in the £60,000 - £108,000 range. Then came properties in the £108,000 - £156,000 range, where 86 were sold within this price bracket.

Excluding fall throughs, properties are taking an average of 44 days to sell (from being listed to completion) and the average difference between asking and sold prices is £-5,924 (-3%).

In Oct 24, there were 94 new estate agency instructions, 72 agreed home sales and 40 property price reductions.

Nearby Postcodes: BB1, BB10, BB11, BB18, BB4, BB5, BB6, BB7, BB8, BB9, BD23, HX7, LA2, OL13, OL14, PR3

5-Year Average Property Prices in BB12 (Burnley)

53.66%

Property prices in Burnley increased by 53.66% in last 5 years.

The trend shows the general price tendency over the last 5 years, ignoring all month-to-month fluctuations where anomalies - typically over or underpriced property sales - can skew results. These monthly variations typically do not have any long-term relevance.

We have used linear regression method. The volume of sales in a month is used to put more weight on months with a larger number of properties sold. Additionally, weighting decreases the impact of months with low sales volumes as well as the most recent month - which may consist of incomplete data. Such months have a higher variation of average sale values which may conceal the underlying trend.

From a statistical perspective, we use the least squares method to fit the trend line and weights are equal to the volume of sales squared. The volume of sales is not shown explicitly in the above plot. Also note the time lag for HM Land Registry data to appear (typically 2 to 3 months).

Average Property Prices in BB12 (Burnley) Over the Last Year

6.82%

Property prices in Burnley increased by 6.82% in last 12 months.

The trend shows the general price tendency over the last 12 months, ignoring all month-to-month fluctuations where anomalies - typically over or underpriced property sales - can skew results. These monthly variations typically do not have any long-term relevance.

We have used linear regression method. The volume of sales in a month is used to put more weight on months with a larger number of properties sold. Additionally, weighting decreases the impact of months with low sales volumes as well as the most recent month - which may consist of incomplete data. Such months have a higher variation of average sale values which may conceal the underlying trend.

From a statistical perspective, we use the least squares method to fit the trend line and weights are equal to the volume of sales squared. The volume of sales is not shown explicitly in the above plot. Also note the time lag for HM Land Registry data to appear (typically 2 to 3 months).

Property Market Heat Gauge for BB12 (Burnley) - Oct 24

Our Property Market Heat Gauge looks at how long properties in your postcode district have been on the open market before being changed to sold 'Subject to Contract' ('STC') or 'Under Offer' on Rightmove (the UK's leading property portal).

At 41 to 60 days, the broad evidence suggests that the market is reasonably slow moving. Although some sellers in your postcode may be willing to wait up to 9 weeks, this data would suggest that estate agents may be overvaluing properties. In such scenarios, some vendors may either choose to wait for the market to pick up (which may result in relisting the property at a later date).Others simply reduce the price to a level that will entice more buyer interest or approach a sell house fast or auction company like Property Solvers.

Please note that this is not an indicator of how quickly property sales are taking to complete (i.e. to go through the whole conveyancing process). This measurement also does not take into account the risk of home sales falling through.

No. of New Instructions Over the Last 12 Months in BB12 (Burnley)

Using local estate agency reported data, this chart illustrates the number of properties that have come on to the market.

No. of Agreed Home Sales Over the Last 12 Months in BB12 (Burnley)

Using local estate agency reported data, this chart illustrates the number of property sales agreed. Note that these figures are not fully reflective of properties completed (sold and registered as such at HM Land Registry).

No. of Properties with Price Reductions in BB12 (Burnley)

Using local estate agency reported data, this chart illustrates the number of properties which have been seen their prices dropped (typically due to a lack of buyer interest).

Average Annual House Prices in the BB12 (Burnley) Postcode since 1995

Using HM Land Registry data, this chart displays average annual house prices in the BB12 postcode area since 1995.

Recent Sales in BB12 (Burnley)

AddressInitial PriceSold PricePrice ChangeFirst Listed DateSold DateDays to Sell
73 Rosegrove Lane, Burnley, Lancashire, BB12 6HB£110,000£107,500-£2,50008 Feb 202421 Aug 2024195 Days
306 Gannow Lane, Burnley, Lancashire, BB12 6HY£95,000£95,000£0003 Jun 202416 Aug 202474 Days
9 Kirkfell Drive, Burnley, Lancashire, BB12 8AZ£155,000£152,000-£3,00007 May 202416 Aug 2024101 Days
14 Langdale Road, Padiham, Burnley, Lancashire, BB12 8NY£159,950£159,950£0002 May 202409 Aug 202499 Days
20 Printers Fold, Burnley, Lancashire, BB12 6PG£215,000£190,000-£25,00011 Aug 202309 Aug 2024364 Days
5 Surrey Avenue, Burnley, Lancashire, BB12 6DB£120,000£120,000£0012 Apr 202402 Aug 2024112 Days
1 Plover View, Burnley, Lancashire, BB12 0HX£135,000£135,000£0011 Mar 202402 Aug 2024144 Days
38 Cambridge Drive, Padiham, Burnley, Lancashire, BB12 7DA£114,995£107,500-£7,49507 May 202431 Jul 202485 Days
63 Lowerhouse Lane, Burnley, Lancashire, BB12 6JA£99,950£95,000-£4,95025 Mar 202419 Jul 2024116 Days
42 Shakespeare Street, Padiham, Burnley, Lancashire, BB12 8RG£95,000£94,500-£50028 Mar 202419 Jul 2024113 Days
65 St Annes Street, Padiham, Burnley, Lancashire, BB12 7AX£119,950£116,500-£3,45011 Mar 202416 Jul 2024127 Days
21 Hargrove Avenue, Burnley, Lancashire, BB12 0JH£135,000£127,000-£8,00031 Jan 202412 Jul 2024163 Days
23 Lingmoor Drive, Burnley, Lancashire, BB12 8UY£350,000£350,000£0027 Sep 202308 Jul 2024285 Days
5 Buckingham Drive, Read, Burnley, Lancashire, BB12 7QE£425,000£425,000£0016 Feb 202402 Jul 2024137 Days
9 Greenacres, Read, Burnley, Lancashire, BB12 7PT£315,000£300,000-£15,00012 Feb 202402 Jul 2024141 Days
24 Woodbine Road, Burnley, Lancashire, BB12 6QF£59,995£53,000-£6,99512 Mar 202401 Jul 2024111 Days
216 Lowerhouse Lane, Burnley, Lancashire, BB12 6LP£164,950£164,950£0006 Feb 202421 Jun 2024136 Days
1 Acrefield, Padiham, Burnley, Lancashire, BB12 8HN£224,950£214,950-£10,00021 Jul 202317 Jun 2024332 Days
29 Hutton Drive, Burnley, Lancashire, BB12 0TR£279,950£275,000-£4,95009 Aug 202314 Jun 2024310 Days
2 Faraday Street, Burnley, Lancashire, BB12 0HW£190,000£180,000-£10,00003 Aug 202314 Jun 2024316 Days

Most Expensive Streets in BB12 (Burnley)

PostcodeStreetAreaAverageNo. of Sales
BB12 7REHammond Drive, ReadBurnley£791,6663
BB12 9JFHeights Lane, FenceBurnley£636,6663
BB12 9APHigham Road, PadihamBurnley£594,6666
BB12 7SBWoodfields, SimonstoneBurnley£593,3333
BB12 9ERBarrowford Road, HighamBurnley£580,7504
BB12 7NPSimonstone Lane, SimonstoneBurnley£556,6663
BB12 9NEJohn Hallows Way, Newchurch In PendleBurnley£521,6669
BB12 9EUHigham Hall Road, HighamBurnley£509,2374
BB12 9LPWell Head Road, Newchurch In PendleBurnley£501,8333
BB12 9ABPennine Grove, PadihamBurnley£463,3333

Least Expensive Streets in BB12 (Burnley)

PostcodeStreetAreaAverageNo. of Sales
BB12 6HQLiverpool RoadBurnley£43,1663
BB12 6QEWordsworth StreetBurnley£45,5624
BB12 0AXGordon StreetBurnley£45,6663
BB12 0PURedruth StreetBurnley£46,6493
BB12 7BQOat Street, PadihamBurnley£47,3313
BB12 8DRIngham Street, PadihamBurnley£47,99621
BB12 0NLCairo StreetBurnley£48,3124
BB12 7EUMelbourne Street, PadihamBurnley£49,1995
BB12 0PSPenistone StreetBurnley£50,1985
BB12 0ATBrougham StreetBurnley£50,5628

Explore BB12 (Burnley) using map

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