Property Solvers’ latest research has revealed that three residential home sales had a value of more than £1 million across the Blackburn postcodes (BB) between July 2021 and July 2022.

Using HM Land Registry sold house price statistics, the total value of the three sales came to £6.09 million the home buying company and local auctioneer said.

In comparison to the same period in 2020-21, while it is a large figure, this is actually a decrease of 78% since the total then was £13.92 million.

Across England, Wales and Scotland, this makes Blackburn in position number 103 when it comes to the number of properties sold, making it above Dundee (DD) and below Wolverhampton (WV).

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Most expensive properties sold in Blackburn over the last year

Here are some of the most expensive properties sold across BB postcodes over the last year, including the price they sold for:

  • Clitheroe Road, Waddington, Clitheroe, BB7 3HP - £3,700,000
  • Brooks Close, Whalley, Clitheroe, BB7 9GZ - £1,225,000
  • Whalley Road, Pendleton, Clitheroe, BB7 1PP - £1,168,960

Speaking on the data, co-founder of Property Solvers Ruban Selvanayagam, said: “Although there remains a fairly healthy volume of sales in this price bracket, such a pronounced drop would suggest that buyer appetite for these types of homes is decreasing.

“£1 million+ properties - even for the wealthy - are major commitment and indeed affected by the wider economy.”  

He added: “With unabated inflationary pressures and rising interest rates as a result, it would not be too much of a surprise to see a continued cooling off across the high-end property market in the coming year at least.”