Feb 07, 2023 by HM

House prices in Burnley (BB11 4)

This article reveals price per square metre data and various charts to help you understand current housing market in Burnley (BB11 4).

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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. 10, Scarlett Street, Burnley, sold for £34,500 on Sep-2023. Given the internal area of 90 square metres, the price per sqm is £383.

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. £1,350-£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 344 sales in Burnley (BB11 4) that took place in the last two years.

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 (BB11 4). Of the 344 transactions, half were sold for between £730 and £1,250 per square metre. Notably, only 25% of properties that sold recently were valued at more than £1,250m². 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 'BB11 4' is £920. The table below shows how 'BB11 4' compares to neighbouring postcode sectors.

Postcode sector	Lower quartile	Middle quartile	Upper quartile
BB11 5 Burnley	£820m2	£1,250m2	£1,880m2
BB11 1 Burnley	£710m2	£850m2	£1,200m2
BB11 2 Burnley	£870m2	£1,200m2	£1,570m2
BB11 3 Burnley	£720m2	£880m2	£1,270m2
BB11 4 Burnley	£730m2	£920m2	£1,250m2

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 BB11 4 (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 BB11 4 and the blue dots are the individual property sales that inform this trend.

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.

House price heatmap for Burnley

Street level data

Street	Avg size	Avg £/m2	Recent sales
Manchester Road, Burnley, BB11 4H	132m2	£1,307	33
Herbert Street, Burnley, BB11 4J	74m2	£576	29
Queensberry Road, Burnley, BB11 4L	79m2	£698	29
Pritchard Street, Burnley, BB11 4J	66m2	£666	29
Coal Clough Lane, Burnley, BB11 4N	95m2	£891	29
Nairne Street, Burnley, BB11 4P	80m2	£699	24
Grange Street, Burnley, BB11 4J	60m2	£722	23
Scarlett Street, Burnley, BB11 4L	72m2	£679	23

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
10, Scarlett St, Burnley	£34,500 Sep-2023	90	383
25, Coal Clough Lane, Burnley	£25,000 Sep-2023	66	378
103, Nairne St, Burnley	£57,000 Sep-2023	73	780

See the entire list of all sales in Burnley (BB11 4) here.