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Padiham House Prices Padiham House Prices

The average house price in Padiham is £79,250 using HM Land Registry data.

The average property price increased by £26,857 (25.65%) over the last 5 years and increased by £5,368 (4.25%) over the last 12 months.

Over the last year, there were 128 residential property sales – a decrease of 32 transactions (-25.00%) relative to the previous year. The majority of house sales (34) were in the £60,000 - £88,000 range. Then came properties in the £88,000 - £116,000 range, where 32 were sold within this price bracket.

Excluding fall throughs, properties are taking an average of 46 days to sell (from being listed to completion) and the average difference between asking and sold prices is £-5,924 (-3%).

In April 2024, there were 13 new estate agency instructions, 8 agreed home sales and 6 property price reductions.

Neighbouring Areas: Burnley

Postcodes Covered: BB12

5-Year Average Property Prices in Padiham

25.65%

Property prices in Padiham increased by 25.65% 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

4.25%

Property prices in Padiham increased by 4.25% 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 Padiham - 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 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

AddressInitial PriceSold PricePrice ChangeFirst Listed DateSold DateDays to Sell
4 St Leonards Street, Padiham, Burnley, Lancashire, BB12 8HS£120,000£110,000-£10,00022 Jun 202308 Mar 2024260 Days
29 St Annes Street, Padiham, Burnley, Lancashire, BB12 7AX£60,000£55,000-£5,00018 Nov 202319 Feb 202493 Days
15 Morley Street, Padiham, Burnley, Lancashire, BB12 8BH£55,000£50,000-£5,00001 Mar 202313 Feb 2024349 Days
43 Windermere Road, Padiham, Burnley, Lancashire, BB12 8PD£109,950£106,000-£3,95005 Oct 202329 Jan 2024116 Days
66 Kings Drive, Padiham, Burnley, Lancashire, BB12 7DF£145,000£135,000-£10,00005 Dec 202310 Jan 202436 Days
46 Russell Terrace, Padiham, Burnley, Lancashire, BB12 7HB£85,000£83,000-£2,00013 Oct 202315 Dec 202363 Days
10 Hapton Road, Padiham, Burnley, Lancashire, BB12 7AJ£110,000£110,000£0012 Jul 202301 Dec 2023142 Days
18 Pennine Grove, Padiham, Burnley, Lancashire, BB12 9AB£450,000£440,000-£10,00021 Jul 202324 Nov 2023126 Days
1 Dragon Street, Padiham, Burnley, Lancashire, BB12 8HB£135,000£130,000-£5,00022 Jul 202324 Nov 2023125 Days
26 Masefield Avenue, Padiham, Burnley, Lancashire, BB12 8SY£185,000£177,000-£8,00007 Aug 202322 Nov 2023107 Days
38 Albert Street, Padiham, Burnley, Lancashire, BB12 8HE£80,000£68,000-£12,00024 Apr 202310 Nov 2023200 Days
41 Park View, Padiham, Burnley, Lancashire, BB12 8EE£120,000£114,000-£6,00004 May 202303 Nov 2023183 Days
23 Waterside Mews, Padiham, Burnley, Lancashire, BB12 8RS£149,950£149,950£0005 Jul 202331 Oct 2023118 Days
5 Queen Street, Padiham, Burnley, Lancashire, BB12 8JW£185,000£180,000-£5,00003 Aug 202330 Oct 202388 Days
17 Melbourne Street, Padiham, Burnley, Lancashire, BB12 7EU£65,000£62,500-£2,50006 Apr 202327 Oct 2023204 Days
18 Badger Close, Padiham, Burnley, Lancashire, BB12 8PP£244,950£244,950£0006 Jul 202323 Oct 2023109 Days
70 Shakespeare Street, Padiham, Burnley, Lancashire, BB12 7ER£69,950£67,000-£2,95003 Mar 202316 Oct 2023227 Days
6 Cemetery Road, Padiham, Burnley, Lancashire, BB12 7BB£145,000£145,000£0009 Aug 202329 Sep 202351 Days
17 Burns Street, Padiham, Burnley, Lancashire, BB12 7EW£90,000£85,000-£5,00029 Jun 202327 Sep 202390 Days
86 Blackburn Road, Padiham, Burnley, Lancashire, BB12 8JZ£275,000£270,000-£5,00017 May 202308 Sep 2023114 Days

Most Expensive Streets in Padiham

PostcodeStreetAreaAverageNo. of Sales
BB12 9APHigham RoadPadiham£638,6005
BB12 9ABPennine GrovePadiham£385,0005
BB12 8JTWoodlands GrovePadiham£266,6357
BB12 8DUAshendean ViewPadiham£246,3905
BB12 8JSArbory DrivePadiham£238,3333
BB12 8HZMaple ClosePadiham£235,00015
BB12 8PPBadger ClosePadiham£233,3163
BB12 8JZBlackburn RoadPadiham£216,74512
BB12 8SHSouth DrivePadiham£216,7374
BB12 8DHTown Hill BankPadiham£214,2505

Least Expensive Streets in Padiham

PostcodeStreetAreaAverageNo. of Sales
BB12 7BQOat StreetPadiham£45,6653
BB12 8RWGraham StreetPadiham£48,1995
BB12 7EUMelbourne StreetPadiham£49,1995
BB12 8DRIngham StreetPadiham£49,95019
BB12 8RABright StreetPadiham£50,4086
BB12 8RRPitt StreetPadiham£50,4563
BB12 7EXStockbridge RoadPadiham£51,6248
BB12 8BDVeevers StreetPadiham£51,7063
BB12 8EBStation RoadPadiham£52,5004
BB12 8EXMill StreetPadiham£54,0003

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