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Padiham House Prices

The average house price in Padiham is £98,048 using HM Land Registry data.

The average property price increased by £20,634 (19.06%) over the last 5 years and increased by £4,125 (3.31%) over the last 12 months.

Over the last year, there were 146 residential property sales – a decrease of 14 transactions (-9.59%) relative to the previous year. The majority of house sales (33) were in the £72,000 - £104,000 range. Then came properties in the £40,000 - £72,000 range, where 28 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 23 new estate agency instructions, 19 agreed home sales and 9 property price reductions.

5-Year Average Property Prices in Padiham

19.06%

Property prices in Padiham increased by 19.06% 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 Padiham Over the Last Year

3.31%

Property prices in Padiham increased by 3.31% 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.

Property Market Heat Gauge for Padiham - 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 Padiham

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 Padiham

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 Padiham

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 Padiham since 1995

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

Recent Property Sales in Padiham

Address	Initial Price	Sold Price	Price Change	First Listed Date	Sold Date	Days to Sell
14 Langdale Road, Padiham, Burnley, Lancashire, BB12 8NY	£159,950	£159,950	£00	02 May 2024	09 Aug 2024	99 Days
38 Cambridge Drive, Padiham, Burnley, Lancashire, BB12 7DA	£114,995	£107,500	-£7,495	07 May 2024	31 Jul 2024	85 Days
42 Shakespeare Street, Padiham, Burnley, Lancashire, BB12 8RG	£95,000	£94,500	-£500	28 Mar 2024	19 Jul 2024	113 Days
65 St Annes Street, Padiham, Burnley, Lancashire, BB12 7AX	£119,950	£116,500	-£3,450	11 Mar 2024	16 Jul 2024	127 Days
1 Acrefield, Padiham, Burnley, Lancashire, BB12 8HN	£224,950	£214,950	-£10,000	21 Jul 2023	17 Jun 2024	332 Days
4 Fountain Close, Padiham, Burnley, Lancashire, BB12 8SA	£159,950	£153,000	-£6,950	01 Nov 2023	28 May 2024	209 Days
20 Winchester Road, Padiham, Burnley, Lancashire, BB12 7DN	£160,000	£160,000	£00	05 Jan 2024	24 May 2024	140 Days
12 Peel Street, Padiham, Burnley, Lancashire, BB12 8RP	£69,995	£67,500	-£2,495	12 Feb 2024	15 May 2024	93 Days
9 Queen Street, Padiham, Burnley, Lancashire, BB12 8JW	£65,000	£54,000	-£11,000	22 Mar 2024	13 May 2024	52 Days
24 Alma Street, Padiham, Burnley, Lancashire, BB12 8LF	£110,000	£105,000	-£5,000	29 Feb 2024	10 May 2024	71 Days
39 Peel Street, Padiham, Burnley, Lancashire, BB12 8RP	£55,000	£51,000	-£4,000	24 Jan 2024	10 May 2024	107 Days
6 Cotton Street, Padiham, Burnley, Lancashire, BB12 7AY	£85,000	£85,000	£00	02 Nov 2023	07 May 2024	187 Days
28 Bendwood Close, Padiham, Burnley, Lancashire, BB12 8RT	£215,000	£213,000	-£2,000	15 Jan 2024	26 Apr 2024	102 Days
21 Victoria Apartments, Padiham, Burnley, Lancashire, BB12 8PX	£65,000	£65,000	£00	23 Nov 2016	26 Apr 2024	2711 Days
26 Victoria Apartments, Padiham, Burnley, Lancashire, BB12 8PX	£60,000	£55,000	-£5,000	07 Nov 2023	25 Apr 2024	170 Days
16 Bendwood Court, Padiham, Burnley, Lancashire, BB12 8RU	£125,000	£120,000	-£5,000	01 Dec 2023	19 Apr 2024	140 Days
50 Blackburn Road, Padiham, Burnley, Lancashire, BB12 8JZ	£150,000	£150,000	£00	02 Aug 2023	12 Apr 2024	254 Days
28 River Drive, Padiham, Burnley, Lancashire, BB12 8SE	£275,000	£270,000	-£5,000	11 Oct 2023	12 Apr 2024	184 Days
13 Moor Lane, Padiham, Burnley, Lancashire, BB12 8LZ	£59,950	£59,950	£00	06 Dec 2023	12 Apr 2024	128 Days
30 Acrefield, Padiham, Burnley, Lancashire, BB12 8HN	£289,950	£287,000	-£2,950	27 Oct 2023	02 Apr 2024	158 Days

Most Expensive Streets in Padiham

Postcode	Street	Area	Average	No. of Sales
BB12 9AP	Higham Road	Padiham	£594,666	6
BB12 9AB	Pennine Grove	Padiham	£463,333	3
BB12 8JT	Woodlands Grove	Padiham	£266,635	7
BB12 8JS	Arbory Drive	Padiham	£257,500	4
BB12 8DU	Ashendean View	Padiham	£252,487	4
BB12 8HZ	Maple Close	Padiham	£235,000	15
BB12 8PP	Badger Close	Padiham	£233,316	3
BB12 8HN	Acrefield	Padiham	£228,390	5
BB12 8SE	River Drive	Padiham	£218,187	8
BB12 8SH	South Drive	Padiham	£216,737	4

Least Expensive Streets in Padiham

Postcode	Street	Area	Average	No. of Sales
BB12 7BQ	Oat Street	Padiham	£47,331	3
BB12 8DR	Ingham Street	Padiham	£47,996	21
BB12 7EU	Melbourne Street	Padiham	£49,199	5
BB12 7EX	Stockbridge Road	Padiham	£50,777	9
BB12 8BD	Veevers Street	Padiham	£51,706	3
BB12 8RW	Graham Street	Padiham	£51,999	4
BB12 8EB	Station Road	Padiham	£52,500	4
BB12 8RA	Bright Street	Padiham	£53,400	6
BB12 8EX	Mill Street	Padiham	£54,000	3
BB12 8PY	Ightenhill Street	Padiham	£55,912	11