# House prices in BB1 5 (Blackburn)

## Defining 'BB1 5'

This analysis is limited to properties whose postcode starts with "BB1 5", this is also called the postcode sector. It is shown in red on the map above. There are no official names for postcode sectors so I've just labelled it Blackburn.

You can click on the map labels to change to a neighbouring sector, or you can enter a different postcode sector (e.g. CM23 4) below.

FYI, a postcode sector is the full postcode without the last two letters.

## Price per square metre

Knowing the average house price in Blackburn is not much use. However, knowing average price per square metre can be quite useful. Price per sqm allows some comparison between properties of different size. We define price per square metre as the sold price divided by the internal area of a property:

£ per sqm = price ÷ internal area
E.g. 144, Laburnum Road, Blackburn, sold for £260,000 on Mar-2024. Given the internal area of 141 square metres, the price per sqm is £1,843.

England & Wales have been officially metric since 1965. However house price per square foot is prefered by some estate agents and those of sufficiently advanced age ;-) They may want to convert square meters on this page to square feet.

The chart below is called a histogram, it helps you see the distribution of this house price per sqm data. To make this chart we put the sales data into a series of £ per sqm 'buckets' (e.g. £1,900-£2,000, £2,000-£2,100, £2,100-£2,200 etc...) we then count the number of sales with within in each bucket and plot the results. The chart is based on 82 sales in Blackburn (BB1 5) that took place in the last two years.

##### Distribution of £ per sqm for Blackburn
Distribution of £ per sqm house prices in Blackburn

You can see the spread of prices above. This is because although internal area is a key factor in determining valuation, it is not the only factor. Many factors other than size affect desirability; these factors could be condition, aspect, garden size, negotiating power of the vendor etc.

The spread of prices will give you a feel of the typical range to expect in Blackburn (BB1 5). Of the 82 transactions, half were sold for between £1,230 and £2,050 per square metre. The median, or 'middle', price per square metre in 'BB1 5' is £1,670. Notably, only 25% of properties that sold recently were valued at more than £2,050 sqm. For anything to be valued more than this means it has to be more desireable than the clear majority of homes.

## Price map for Blackburn

Do have a look at the interactive price map I created. I find it useful and I am sure it will help you in exploring Blackburn. You can zoom in all the way to individual properties and then all the way back out to see the whole country. The colours show the current estimated property values.

House price heatmap for Blackburn

## Comparison with neighbouring postcode sectors

The table below shows how 'BB1 5' compares to neighbouring postcode sectors.

Postcode sector Lower quartile Middle quartile Upper quartile
BB1 1 Blackburn £1,010 sqm £1,330 sqm £1,700 sqm
BB1 2 Blackburn £1,200 sqm £1,550 sqm £1,990 sqm
BB1 4 Rishton £1,040 sqm £1,290 sqm £2,110 sqm
BB1 3 Blackburn £1,220 sqm £1,570 sqm £2,190 sqm
BB1 6 Blackburn £1,130 sqm £1,250 sqm £1,600 sqm
BB1 8 Blackburn £1,400 sqm £1,920 sqm £2,330 sqm
BB1 9 Blackburn £1,520 sqm £2,010 sqm £2,600 sqm
BB1 5 Blackburn £1,230 sqm £1,670 sqm £2,050 sqm
BB1 7 Blackburn £1,140 sqm £1,330 sqm £1,490 sqm

## Will Blackburn house prices drop in 2024?

I cannot tell the future and don't believe anyone who says they can. I can however plot price trends - I have done this in the chart below for BB1 5 (Blackburn) compared with both the wider area BB1 and inflation (CPIH from the Office of National Statistics). The dashed trend lines in the chart show the average over time.

##### Historic price per square metre in Blackburn,Blackburn
House price trends for Blackburn

For the most recent sales activity, rather than a summarized average, it is better to see the underlying data. This is shown in the chart below, where blue dots represent individual sales, click on them to see details. If there is an obvious trend you should be able to spot it here amid the noise from outliers.

##### Most recent BB1 5 sales
Recent trends for Blackburn

Data from Land Registry comes in gradually over time. I update it every month but it takes about 5 months for the majority of sales for Blackburn to be recorded. Disclaimer: I do not verify and cannot guarantee the accuracy of any data shown. Outliers exist in the data, typically these are where the EPC registry records the internal area incorrectly, sometimes although very rarely the Land Registry price paid data can be wrong. The data provided throughout this website about Blackburn and any other area, is not financial advice. Any information provided does not and cannot ever take in to account the particular financial situation, objectives or property needs of either you or anyone reading this information.

## Street level data

Street Avg size Avg £sqm Recent sales
Stone Hill Drive, Blackburn, BB1 5T 52 sqm £1,809 16
Whalley Old Road, Blackburn, BB1 5R 108 sqm £1,707 9
Ambleside Close, Blackburn, BB1 5H 91 sqm £1,270 8
Cunliffe Close, Blackburn, BB1 5Q 77 sqm £2,006 8
Whalley Old Road, Blackburn, BB1 5Q 76 sqm £2,217 7
Notre Dame Gardens, Blackburn, BB1 5E 73 sqm £1,908 7
Coniston Road, Blackburn, BB1 5P 89 sqm £1,443 6
Sunnybower Road, Blackburn, BB1 5Q 84 sqm £2,322 6

## Raw data

Our analysis of Blackburn is derived from what is essentially a big table of sold prices from Land Registry with added property size information. Below are three rows from this table to give you an idea.