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Burnley House Prices Burnley House Prices

The average house price in Burnley is £117,167 using HM Land Registry data.

The average property price increased by £39,210 (36.52%) over the last 5 years and increased by £7,838 (5.65%) over the last 12 months.

Over the last year, there were 992 residential property sales – a decrease of 303 transactions (-30.54%) relative to the previous year. The majority of house sales (326) were in the £50,000 - £90,000 range. Then came properties in the £90,000 - £130,000 range, where 201 were sold within this price bracket.

Excluding fall throughs, properties are taking an average of 60 days to sell (from being listed to completion) and the average difference between asking and sold prices is £-5,348 (-2%).

In Oct 24, there were 170 new estate agency instructions, 132 agreed home sales and 81 property price reductions.

Neighbouring Areas: Brierfield, Padiham

Postcodes Covered: BB10, BB11, BB12

5-Year Average Property Prices in Burnley

36.52%

Property prices in Burnley increased by 36.52% 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 Burnley Over the Last Year

5.65%

Property prices in Burnley increased by 5.65% 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 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 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 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 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 Burnley since 1995

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

Recent Property Sales in Burnley

AddressInitial PriceSold PricePrice ChangeFirst Listed DateSold DateDays to Sell
206 Brunshaw Road, Burnley, Lancashire, BB10 4DN£125,000£100,000-£25,00006 Sep 202321 Aug 2024350 Days
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
20 Printers Fold, Burnley, Lancashire, BB12 6PG£215,000£190,000-£25,00011 Aug 202309 Aug 2024364 Days
29 Newby Close, Burnley, Lancashire, BB11 4QU£220,000£195,000-£25,00029 Jan 202409 Aug 2024193 Days
23 Thursby Road, Burnley, Lancashire, BB10 3AU£80,000£40,000-£40,00030 Dec 201508 Aug 20243144 Days
176 Briercliffe Road, Burnley, Lancashire, BB10 2NZ£97,500£97,500£0014 Dec 202306 Aug 2024236 Days
23a, Delamere Road, Briercliffe, Burnley, Lancashire, BB10 2JU£350,000£330,000-£20,00015 Apr 202406 Aug 2024113 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
20 Beechwood Avenue, Burnley, Lancashire, BB11 2PL£200,000£200,000£0026 Mar 202402 Aug 2024129 Days
46 Raglan Road, Burnley, Lancashire, BB11 4LB£67,500£38,100-£29,40012 Dec 202326 Jul 2024227 Days
23 St Cuthbert Street, Burnley, Lancashire, BB10 1UD£69,995£65,000-£4,99527 Apr 202225 Jul 2024820 Days
27 Buttermere Road, Burnley, Lancashire, BB10 4HU£184,750£178,000-£6,75027 Mar 202419 Jul 2024114 Days
63 Lowerhouse Lane, Burnley, Lancashire, BB12 6JA£99,950£95,000-£4,95025 Mar 202419 Jul 2024116 Days
15 Linden Street, Burnley, Lancashire, BB10 4EQ£90,000£90,000£0026 Feb 202418 Jul 2024143 Days
6 Founders Close, Burnley, Lancashire, BB10 4AZ£239,995£230,000-£9,99510 Oct 202315 Jul 2024279 Days
21 Hargrove Avenue, Burnley, Lancashire, BB12 0JH£135,000£127,000-£8,00031 Jan 202412 Jul 2024163 Days
45 Straight Mile Court, Burnley, Lancashire, BB11 3DU£60,000£55,000-£5,00004 Dec 202312 Jul 2024221 Days

Most Expensive Streets in Burnley

PostcodeStreetAreaAverageNo. of Sales
BB12 0LPHilcotIghtenhill Park Lane£435,0003
BB12 6TDPadiham RoadBurnley£421,5184
BB12 6TEPadiham RoadBurnley£383,6663
BB12 8UGKentmere CloseBurnley£365,8333
BB12 8XDDovedale DriveBurnley£359,2504
BB12 0TAHelvellyn DriveBurnley£356,7504
BB11 3PRBrooklands RoadBurnley£356,1254
BB10 4JPApplecross DriveBurnley£346,00011
BB11 2RAHoworth CloseBurnley£342,5004
BB12 0EXClover CrescentBurnley£339,5004

Least Expensive Streets in Burnley

PostcodeStreetAreaAverageNo. of Sales
BB11 4PQHoward StreetBurnley£34,0003
BB10 1ASBrief StreetBurnley£35,1663
BB10 1BXWhalley StreetBurnley£37,7496
BB10 1PRSpencer StreetBurnley£39,9166
BB11 4NUHarold StreetBurnley£40,9993
BB11 4PUPiccadilly RoadBurnley£41,06212
BB11 4JXHerbert StreetBurnley£41,91213
BB11 3DNLeyland RoadBurnley£42,33013
BB11 3DRLeyland RoadBurnley£42,8688
BB10 1PLCameron StreetBurnley£43,0003

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