House prices in Burnley have gone down by an average of over £1,000 in the month of March, according to figures from the Land Registry.
Burnley is the cheapest area to buy a property in the entirety of the UK.
The latest data from the government department reveals that in March 2022 average house prices in Burnley reached £110,890.
This was down from £111,934 in February, representing a 0.9 per cent decrease. In the last 12 months it has risen by 13.6 per cent.
How much have house prices decreased in Burnley?
Breaking it down for specific types of housing, all prices saw a decrease.
- Detached houses - Down to £216,660 from £217,110 in February
- Semi-detached houses - Down to £136,640 from £137,327 in February
- Terraced houses - Down to £93,116 from £94,345 in February
- Flats - Down to £71,506 from £72,504 in February
How do Burnley house prices compare to the UK average?
The fall in prices this month means Burnley is still far below the UK average with typical property value in the nations reaching £278,436 in March.
In cash terms, the average house price in March was £24,931 higher than a year earlier with house price growth accelerating to 9.8 per cent in March 2022. Prices were up by 0.3 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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