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Nelson House Prices Nelson House Prices

The average house price in Nelson is £83,708 using HM Land Registry data.

The average property price increased by £37,022 (52.81%) over the last 5 years and increased by £7,399 (7.42%) over the last 12 months.

Over the last year, there were 252 residential property sales – a decrease of 114 transactions (-45.24%) relative to the previous year. The majority of house sales (82) were in the £66,000 - £92,000 range. Then came properties in the £40,000 - £66,000 range, where 51 were sold within this price bracket.

Excluding fall throughs, properties are taking an average of 69 days to sell (from being listed to completion) and the average difference between asking and sold prices is £-5,827 (-3%).

In April 2024, there were 24 new estate agency instructions, 13 agreed home sales and 13 property price reductions.

Neighbouring Areas: Colne, Barrowford, Brierfield

Postcodes Covered: BB9

5-Year Average Property Prices in Nelson

52.81%

Property prices in Nelson increased by 52.81% 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 Nelson Over the Last Year

7.42%

Property prices in Nelson increased by 7.42% 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 Nelson - 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 Nelson

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 Nelson

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 Nelson

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 Nelson since 1995

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

Recent Property Sales in Nelson

AddressInitial PriceSold PricePrice ChangeFirst Listed DateSold DateDays to Sell
14 Fulham Street, Nelson, Lancashire, BB9 8HN£65,000£64,000-£1,00008 Sep 202311 Mar 2024185 Days
239 Railway Street, Nelson, Lancashire, BB9 0SE£95,000£93,000-£2,00019 Dec 202329 Feb 202472 Days
166 Brunswick Street, Nelson, Lancashire, BB9 0JX£84,950£81,000-£3,95004 Dec 202323 Feb 202481 Days
139 Napier Street, Nelson, Lancashire, BB9 0RB£59,950£50,000-£9,95005 Dec 201622 Feb 20242635 Days
25 Trent Road, Nelson, Lancashire, BB9 0NY£150,000£142,500-£7,50007 Jul 202322 Feb 2024230 Days
5 Pilgrim Street, Nelson, Lancashire, BB9 0JQ£75,000£70,500-£4,50012 Jun 202316 Feb 2024249 Days
40 Priory Chase, Nelson, Lancashire, BB9 0NT£214,950£212,000-£2,95020 Oct 202312 Feb 2024115 Days
18 Waidshouse Close, Nelson, Lancashire, BB9 0SW£160,000£155,000-£5,00026 Sep 202309 Feb 2024136 Days
4 Hallam Crescent, Nelson, Lancashire, BB9 9PD£150,000£150,000£0011 Aug 202305 Feb 2024178 Days
22 Bradley View, Nelson, Lancashire, BB9 9XJ£69,995£60,000-£9,99521 Aug 202305 Feb 2024168 Days
28 Willow Drive, Nelson, Lancashire, BB9 0NB£270,000£270,000£0006 Oct 202331 Jan 2024117 Days
23 Clegg Street, Nelson, Lancashire, BB9 0RT£70,000£54,000-£16,00022 Jul 201918 Dec 20231610 Days
65 Highgate, Nelson, Lancashire, BB9 0DU£169,950£167,000-£2,95015 Sep 202315 Dec 202391 Days
51 Charles Street, Nelson, Lancashire, BB9 8SW£100,000£97,500-£2,50012 Jun 202312 Dec 2023183 Days
129 Marsden Hall Road North, Nelson, Lancashire, BB9 8JL£165,000£164,000-£1,00009 Mar 202306 Dec 2023272 Days
41 Eagle Street, Nelson, Lancashire, BB9 8HQ£54,950£50,000-£4,95007 Jul 202105 Dec 2023881 Days
80 Halifax Road, Nelson, Lancashire, BB9 0EH£120,000£115,000-£5,00003 Aug 202304 Dec 2023123 Days
283 Barkerhouse Road, Nelson, Lancashire, BB9 9LR£260,000£252,500-£7,50005 Oct 202227 Nov 2023418 Days
45 Brentwood Road, Nelson, Lancashire, BB9 8AY£79,950£71,000-£8,95008 Jun 202313 Nov 2023158 Days
43 Marsden Hall Road, Nelson, Lancashire, BB9 9PA£99,500£92,000-£7,50024 Aug 202309 Nov 202377 Days

Most Expensive Streets in Nelson

PostcodeStreetAreaAverageNo. of Sales
BB9 8DSMarsden Farm CourtNelson£286,2508
BB9 8BGWalton LaneNelson£283,3333
BB9 0ERHalifax RoadNelson£260,3333
BB9 0WAAsh Tree GroveNelson£242,0758
BB9 0ETColdweather AvenueNelson£231,1503
BB9 9LRBarkerhouse RoadNelson£228,5007
BB9 0WBPinewood DriveNelson£219,09011
BB9 0NBWillow DriveNelson£213,0617
BB9 0WDHartley DriveNelson£204,8624
BB9 9LJLinkside AvenueNelson£203,6005

Least Expensive Streets in Nelson

PostcodeStreetAreaAverageNo. of Sales
BB9 0NNBath StreetNelson£37,5004
BB9 7XZDalton StreetNelson£38,3333
BB9 9HRBelgrave StreetNelson£39,59910
BB9 8HPParker StreetNelson£40,0003
BB9 9RHLarch StreetNelson£43,4449
BB9 9JBWhitehall StreetNelson£43,6219
BB9 9HJSmith StreetNelson£44,3323
BB9 9HHSmith StreetNelson£44,3333
BB9 0TBSouthfield StreetNelson£44,8336
BB9 0PFStafford StreetNelson£45,2503

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