Feb 07, 2023 by HM

House prices in Burnley (BB10 2)

This article reveals price per square metre data and various charts to help you understand current housing market in Burnley (BB10 2).


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. 25, Rochester Drive, Burnley, sold for £270,000 on Sep-2023. Given the internal area of 118 square metres, the price per sqm is £2,288.

England & Wales have been officially metric for many decades. However house price per square foot is sometimes prefered by those of sufficiently advanced age. They may want to convert metres 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 317 sales in Burnley (BB10 2) that took place in the last two years.

Distribution of £ per sqm for Burnley (BB10 2)
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.

That said, the spread of prices will give you a feel of the typical range to expect in Burnley (BB10 2). Of the 317 transactions, half were sold for between £1,270 and £2,200 per square metre. Notably, only 25% of properties that sold recently were valued at more than £2,200m2. For anything to be valued more than this means it has to be more desireable than the clear majority of homes.

For the average, we calculate the 'median' or middle price. The median price per square metre in 'BB10 2' is £1,650. The table below shows how 'BB10 2' compares to neighbouring postcode sectors.

Postcode sector Lower quartile Middle quartile Upper quartile
BB10 1 Burnley £730m2 £900m2 £1,110m2
BB10 3 Burnley £880m2 £1,190m2 £1,910m2
BB10 4 Burnley £990m2 £1,300m2 £1,970m2
BB10 2 Burnley £1,270m2 £1,650m2 £2,200m2

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 scatter plot below for BB10 2 (Burnley). From this one could infer a range of reasonable possible future price falls or rises. In the chart below, the red dashed line is the house price trend for BB10 2 and the blue dots are the individual property sales that inform this trend.

Price per square metre in Burnley (BB10 2) over time
House price trends for Burnley

Hover on any blue dot to see details of specific sales

Disclaimer: 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. Furthermore, I cannot guarantee the accuracy of any data shown. This information is based on sold prices and internal area data provided by Land Registry and other third parties - I do not verify the accuracy of the Burnley data or any other data I am given.

Price map for Burnley

I've just finished coding the map I link to below. 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. I will explain more about the methodology and create a key next week.

Property price heatmap for Burnley
House price heatmap for Burnley

Street level data

Street Avg size Avg £/m2 Recent sales
Casterton Avenue, Burnley, BB10 2P 93m2 £1,698 24
Clarkson Close, Burnley, BB10 2A 109m2 £1,921 21
Lydgate, Burnley, BB10 2D 81m2 £2,179 18
Briercliffe Road, Burnley, BB10 2H 72m2 £1,343 15
Fairfield Drive, Burnley, BB10 2P 119m2 £2,238 15
Queen Street, Burnley, BB10 2H 94m2 £1,173 14
Minehead Avenue, Burnley, BB10 2N 78m2 £1,926 14
Parker Street, Burnley, BB10 2H 79m2 £1,148 14

Search for your street here.

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.

Address Paid m2 £/m2
25, Rochester Drive, Burnley £270,000
Sep-2023
118 2,288
9, Deerplay Close, Burnley £190,000
Sep-2023
92 2,065
137, Burnley Rd, Burnley £80,000
Sep-2023
59 1,355

See the entire list of all sales in Burnley (BB10 2) here.

About

HouseMetric is a hobby, created out of a desire to see data and analysis not present on any free to use website. It is still a work in progress and I'll add more stuff in the near future.