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Burnley House Prices Burnley House Prices

The average house price in Burnley is £121,534 using HM Land Registry data.

The average property price increased by £47,297 (46.26%) over the last 5 years and increased by £9,453 (6.75%) over the last 12 months.

Over the last year, there were 926 residential property sales – a decrease of 417 transactions (-45.03%) relative to the previous year. The majority of house sales (306) were in the £50,000 - £90,000 range. Then came properties in the £90,000 - £130,000 range, where 182 were sold within this price bracket.

Excluding fall throughs, properties are taking an average of 72 days to sell (from being listed to completion) and the average difference between asking and sold prices is £-5,348 (-2%).

In April 2024, there were 140 new estate agency instructions, 82 agreed home sales and 58 property price reductions.

Neighbouring Areas: Brierfield, Padiham

Postcodes Covered: BB10, BB11, BB12

5-Year Average Property Prices in Burnley

46.26%

Property prices in Burnley increased by 46.26% 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

6.75%

Property prices in Burnley increased by 6.75% 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 - April 2024

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 61 to 80 days, the broad evidence suggests a slow moving market. This can often be due to estate agency over-valuations out of sync with the realities, a market slowdown or a combination of both. In such scenarios, some vendors may either choose to wait for the market to pick up (which may result in some 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
15 St Cuthbert Street, Burnley, Lancashire, BB10 1UD£55,000£37,500-£17,50031 Oct 201715 Mar 20242327 Days
14 Spencer Street, Burnley, Lancashire, BB10 1PR£69,950£50,000-£19,95017 May 202308 Mar 2024296 Days
49 Belford Street, Burnley, Lancashire, BB12 0DF£65,000£39,000-£26,00017 Aug 202307 Mar 2024203 Days
9 Pasturegate Avenue, Burnley, Lancashire, BB11 4DD£190,000£185,000-£5,00015 Aug 202301 Mar 2024199 Days
150 Coal Clough Lane, Burnley, Lancashire, BB11 4NJ£110,000£25,000-£85,00020 Nov 201729 Feb 20242292 Days
30 Tiverton Drive, Briercliffe, Burnley, Lancashire, BB10 2JT£215,000£210,000-£5,00024 Oct 202328 Feb 2024127 Days
88 Brunshaw Avenue, Burnley, Lancashire, BB10 4LD£160,000£155,000-£5,00018 Oct 202316 Feb 2024121 Days
42 Ightenhill Park Lane, Burnley, Lancashire, BB12 0LE£165,000£162,500-£2,50011 Oct 202316 Feb 2024128 Days
4 Magpie Close, Burnley, Lancashire, BB11 5RP£85,000£85,000£0017 Nov 202316 Feb 202491 Days
345 Brunshaw Road, Burnley, Lancashire, BB10 3HX£199,950£198,000-£1,95017 Oct 202315 Feb 2024121 Days
25 Cross Street, Briercliffe, Burnley, Lancashire, BB10 2HT£129,500£127,000-£2,50016 Oct 202308 Feb 2024115 Days
40 Talbot Street, Briercliffe, Burnley, Lancashire, BB10 2HW£75,000£70,000-£5,00017 Aug 202307 Feb 2024174 Days
4 Swindon Street, Burnley, Lancashire, BB11 4PF£95,000£87,000-£8,00002 Aug 202307 Feb 2024189 Days
57 Stoney Street, Burnley, Lancashire, BB11 3PT£60,000£47,500-£12,50013 Nov 201307 Feb 20243738 Days
31 Fraser Street, Burnley, Lancashire, BB10 1UP£70,000£68,800-£1,20005 Aug 202306 Feb 2024185 Days
29 Fraser Street, Burnley, Lancashire, BB10 1UP£75,000£69,000-£6,00003 Aug 202306 Feb 2024187 Days
40 Ightenhill Park Lane, Burnley, Lancashire, BB12 0LE£99,950£20,000-£79,95010 Aug 201602 Feb 20242732 Days
112 Red Spar Road, Burnley, Lancashire, BB10 2EE£150,000£150,000£0007 Oct 202331 Jan 2024116 Days
46 Belford Street, Burnley, Lancashire, BB12 0DF£49,500£38,000-£11,50018 Nov 201130 Jan 20244456 Days
21 Surrey Avenue, Burnley, Lancashire, BB12 6DB£190,000£185,000-£5,00025 Oct 202326 Jan 202493 Days

Most Expensive Streets in Burnley

PostcodeStreetAreaAverageNo. of Sales
BB12 0LPHilcotIghtenhill Park Lane£435,0003
BB12 6TDPadiham RoadBurnley£398,4286
BB12 8UGKentmere CloseBurnley£365,8333
BB12 8XDDovedale DriveBurnley£359,2504
BB12 0TAHelvellyn DriveBurnley£356,7504
BB11 3PRBrooklands RoadBurnley£356,1254
BB12 8UWLorton CloseBurnley£343,9874
BB11 2RAHoworth CloseBurnley£342,5004
BB10 4JPApplecross DriveBurnley£339,66612
BB12 0EXClover CrescentBurnley£339,5004

Least Expensive Streets in Burnley

PostcodeStreetAreaAverageNo. of Sales
BB11 4PQHoward StreetBurnley£34,0003
BB10 1EFColne RoadBurnley£34,6663
BB10 1ASBrief StreetBurnley£35,1663
BB10 1BXWhalley StreetBurnley£37,7496
BB10 1PLCameron StreetBurnley£38,5004
BB11 4PUPiccadilly RoadBurnley£39,17410
BB11 2SAForest StreetBurnley£39,3648
BB10 1RGRylands StreetBurnley£39,4004
BB10 1LYColville StreetBurnley£39,6663
BB10 1PRSpencer StreetBurnley£39,9166

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