The price fall in Pendle is one of the largest percentage decreases in the entirety of the UK over the month.

The latest data from the government department reveals that in February 2023 average house prices in Pendle reached £137,812.

This was down from £144,368 in January, representing a 4.5 per cent decrease. In the last 12 months it has risen by 14.1 per cent.

If you are interested in buying or renting a home, you can see the latest properties in and around Pendle here.

How much have house prices decreased in Pendle?

Breaking it down for specific types of housing, all prices saw a decrease.

• Detached houses - Down to £270,148 from £281,431 in January
• Semi-detached houses - Down to £172,204 from £180,210 in January
• Terraced houses - Down to £117,035 from £122,818 in January
• Flats - Down to £85,830 from £89,792 in January

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How do Pendle house prices compare to the UK average?

The fall in prices this month means Pendle is still well below the UK average with typical property value in the nations reaching £287,506 in February.

In cash terms, the average house price in February was £15,052 higher than a year earlier with house price growth accelerating to 5.5 per cent in February 2023. Prices were down by -1.0 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 Pendle are the most expensive for average house prices.