House prices in Burnley have gone up by an average of over £6,000 in the month of April, according to figures from the Land Registry.
The price fall in Burnley is one of the largest percentage decreases in the entirety of the UK over the month.
Burnley is the second cheapest area to buy a property in the UK despite this month's increase in prices, with only Inverclyde costing less on average.
The latest data from the government department reveals that in April 2022 average house prices in Burnley reached £118,900.
This was up from £112,793 in March, representing a 5.4 per cent increase. In the last 12 months it has risen by 18.6 per cent.
If you are interested in buying or renting a home, you can see the latest properties in and around Burnley here.
How much have house prices increased in Burnley?
Breaking it down for specific types of housing, all prices saw an increase.
- Detached houses - Up to £231,518 from £218,817 in March
- Semi-detached houses - Up to £146,207 from £138,850 in March
- Terraced houses - Up to £100,045 from £94,933 in March
- Flats - Up to £76,176 from £72,851 in March
How do Burnley house prices compare to the UK average?
Despite the rise in prices this month, Burnley is still far below the UK average with typical property value in the nations reaching £281,161 in April.
In cash terms, the average house price in April was £30,950 higher than a year earlier with house price growth accelerating to 12.4 per cent in April 2022. Prices were up by 1.1 per cent month on month.
How much could your house be worth?
We have created this map for the North West so you can see the average house price in each neighbourhood since 1995.
Sites like Zoopla can offer an estimate valuation of your house if you input your postcode into their website here.
The above map can demonstrate which areas of Burnley are the most expensive for average house prices.
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