Feb 07, 2023 by HM

House prices in Burnley (BB12 0)

This article reveals price per square metre data and various charts to help you understand current housing market in Burnley (BB12 0).


Defining 'BB12 0'

This analysis is limited to properties whose postcode starts with "BB12 0", this is also called the postcode sector. It is shown in red on the map above. You can click on the map labels to change to a neighbouring sector.

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. 42, Ightenhill Park Lane, Burnley, Padiham, sold for £162,500 on Feb-2024. Given the internal area of 123 square metres, the price per sqm is £1,321.

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. £1,800-£2,000, £2,000-£2,200, £2,200-£2,400 etc...) we then count the number of sales with within in each bucket and plot the results. The chart is based on 226 sales in Burnley (BB12 0) that took place in the last two years.

Distribution of £ per sqm for Burnley (BB12 0)
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 (BB12 0). Of the 226 transactions, half were sold for between £1,010 and £2,420 per square metre. The median, or 'middle', price per square metre in 'BB12 0' is £1,890. Notably, only 25% of properties that sold recently were valued at more than £2,420m2. 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.

Property price heatmap for Burnley
House price heatmap for Burnley

Comparison with neighbouring postcode sectors

The table below shows how 'BB12 0' compares to neighbouring postcode sectors.

Postcode sector Lower quartile Middle quartile Upper quartile
BB12 8 Padiham £1,000m2 £1,410m2 £2,070m2
BB12 9 Fence £2,410m2 £2,710m2 £3,120m2
BB12 0 Burnley £1,010m2 £1,890m2 £2,420m2
BB12 6 Burnley £1,000m2 £1,250m2 £1,840m2
BB12 7 Padiham £1,030m2 £1,440m2 £2,360m2

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 BB12 0 (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 BB12 0 and the blue dots are the individual property sales that inform this trend.

Price per square metre in Burnley (BB12 0) 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.

Street level data

Street Avg size Avg £/m2 Recent sales
Ightenhill Park Lane, Burnley, BB12 0L 136m2 £1,703 23
Lower Manor Lane, Burnley, BB12 0E 92m2 £2,012 22
Padiham Road, Burnley, BB12 0H 93m2 £960 16
The Moorings, Burnley, BB12 0T 75m2 £2,435 16
Granby Street, Burnley, BB12 0P 67m2 £870 15
Harefield Rise, Burnley, BB12 0E 109m2 £2,169 14
The Spinney, Burnley, BB12 0P 76m2 £2,490 14
Hargrove Avenue, Burnley, BB12 0J 73m2 £1,845 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
42, Ightenhill Park Lane, Burnley, Padiham £162,500
Feb-2024
123 1,321
46, Belford St, Burnley, Padiham £38,000
Jan-2024
71 535
20, Granby St, Burnley, Padiham £43,000
Jan-2024
63 682

See the entire list of all sales in Burnley (BB12 0) 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.