Feb 07, 2023 by HM

House prices in Burnley (BB12 6)

This article reveals price per square metre data and various charts to help you understand current housing market in Burnley (BB12 6).

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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. 17, Windsor Street, Burnley, Padiham, sold for £62,000 on Sep-2023. Given the internal area of 64 square metres, the price per sqm is £968.

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 374 sales in Burnley (BB12 6) 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 (BB12 6). Of the 374 transactions, half were sold for between £980 and £1,890 per square metre. Notably, only 25% of properties that sold recently were valued at more than £1,890m². 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 'BB12 6' is £1,250. The table below shows how 'BB12 6' compares to neighbouring postcode sectors.

Postcode sector	Lower quartile	Middle quartile	Upper quartile
BB12 8 Padiham	£1,000m2	£1,420m2	£2,070m2
BB12 9 Fence	£2,370m2	£2,690m2	£3,070m2
BB12 7 Padiham	£990m2	£1,380m2	£2,320m2
BB12 0 Burnley	£1,040m2	£2,020m2	£2,490m2
BB12 6 Burnley	£980m2	£1,250m2	£1,890m2

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 6 (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 6 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
Printers Fold, Burnley, BB12 6P	72m2	£2,156	24
Lowerhouse Lane, Burnley, BB12 6L	81m2	£1,582	24
Kime Street, Burnley, BB12 6R	53m2	£988	24
Padiham Road, Burnley, BB12 6T	105m2	£1,692	22
Gannow Lane, Burnley, BB12 6Q	69m2	£812	19
Groveside Park, Burnley, BB12 6H	68m2	£2,285	17
Wren Street, Burnley, BB12 6Q	73m2	£800	16
Loxley Gardens, Burnley, BB12 6P	88m2	£2,255	16

Search for your street here.

New build activity

Street	Avg size	Avg £/m2	New build sales
Colvin Way, Burnley, BB12 6B	101m2	£2,235	46
Foster Drive, Burnley, BB12 6B	102m2	£2,224	33

Colvin Way, Burnley, BB12 6B has seen 46 new build sales in the last 4 years (average price £225,688). These new build homes typically have an internal area of 101 m2, with an average price of £2,235 m2. This £sqm average is £985 above the average for BB12 6. New builds typically command a £ per sqm premium so this is normal.

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
17, Windsor St, Burnley, Padiham	£62,000 Sep-2023	64	968
83, Gannow Lane, Burnley, Padiham	£38,500 Sep-2023	72	534
274, Lowerhouse Lane, Burnley, Padiham	£131,000 Aug-2023	80	1,637

See the entire list of all sales in Burnley (BB12 6) here.