# House prices in BB10 1 (Burnley)

This article reveals price per square metre data and various charts to help you understand current housing market in 'BB10 1' (Burnley) - statistics were last calculated on 31 July 2024.

## Defining 'BB10 1'

This analysis is limited to properties whose postcode starts with "BB10 1", 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 Burnley.

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 Burnley 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. 6, Sharp Street, Burnley, sold for £61,500 on Jun-2024. Given the internal area of 95 square metres, the price per sqm is £647.

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. £1,350-£1,500, £1,500-£1,650, £1,650-£1,800 etc...) we then count the number of sales with within in each bucket and plot the results. The chart is based on 244 sales in Burnley (BB10 1) that took place in the last two years.

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

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 Burnley (BB10 1). Of the 244 transactions, half were sold for between £730 and £1,120 per square metre. The median, or 'middle', price per square metre in 'BB10 1' is £900. Notably, only 25% of properties that sold recently were valued at more than £1,120 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 Burnley

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 Burnley. 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 Burnley

## Comparison with neighbouring postcode sectors

The table below shows how 'BB10 1' compares to neighbouring postcode sectors.

Postcode sector Lower quartile Middle quartile Upper quartile
BB10 4 Burnley £1,020 sqm £1,330 sqm £2,080 sqm
BB10 2 Burnley £1,320 sqm £1,800 sqm £2,300 sqm
BB10 3 Burnley £870 sqm £1,150 sqm £1,980 sqm
BB10 1 Burnley £730 sqm £900 sqm £1,120 sqm

## Will Burnley 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 BB10 1 (Burnley) compared with both the wider area BB10 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 Burnley,Burnley
House price trends for Burnley

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 BB10 1 sales
Recent trends for Burnley

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 Burnley 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 Burnley 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
Brennand Street, Burnley, BB10 1S 74 sqm £744 26
Ford Street, Burnley, BB10 1R 64 sqm £699 23
Waterbarn Street, Burnley, BB10 1R 71 sqm £834 21
Barden Lane, Burnley, BB10 1J 93 sqm £998 19
Briercliffe Road, Burnley, BB10 1T 86 sqm £936 18
Redvers Street, Burnley, BB10 1R 81 sqm £725 17
Grasmere Street, Burnley, BB10 1H 65 sqm £1,012 15
Randall Street, Burnley, BB10 1S 59 sqm £905 15

## Raw data

Our analysis of Burnley 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.