The average property value in Lancashire is £201,911 according to property sale data for the year ending June 2021 published by HM Land Registry. Between the years ending June 2020 and June 2021, property values in Lancashire grew by £18,368. Compare house prices by area
Average property prices in Lancashire grew by 10.0% between the years ending June 2020 and June 2021. Between the years ending June 2011 and June 2021, property prices on average grew by 3.0% per year.
If prices in Lancashire continue to rise by 3.0% a year, the average property price will be £227,544 in 2025.
The most expensive property values in Lancashire are found in Ribble Valley, and the cheapest property values are found in Burnley.
There were 18,082 property sales in Lancashire in the year ending June 2021, an increase of 961 when compared to the previous year.
The average price for a house in Lancashire ranges from £125,990 for a terraced house to £325,658 for a detached house, with semi-detached in between costing on average £184,809.
The average price for a flat or maisonette in Lancashire is £130,924.
Price trends for small areas may be less statistically significant due to small sample sizes.
Of the property types in Lancashire, terraced house prices have risen the most between the years ending 2011 and 2021, and flat prices have grown the least.
Detached house prices have risen 26.6% from £257,256 to £325,658, semi-detached house prices have risen 26.5% from £146,088 to £184,809, terraced house prices have risen 27.1% from £99,129 to £125,990, and flat prices have risen 20.0% from £109,080 to £130,924.
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The most common type of property sold in Lancashire during the year ending June 2021 was terraced houses, which accounted for 33.2% of properties.
The least commonly available type of property sold in Lancashire were flats, which account for 5.7% of properties sold.
Of the properties sold in Lancashire during 2021, 1.9% were new build properties.
The average price paid for a new build property in Lancashire was £56,341 higher than the average price paid for an existing property.
Of the new build properties sold, the most common type was detached houses (63% of new build properties sold). For existing properties, the most common type is terraced houses (35% of existing properties sold).
The most common price band for property sales in Lancashire is £100k - £150k, which accounted for 15.3% of properties sold in 2021.
0.1% of properties in Lancashire had a price over £1 million. For comparison, in England, 2.1% of property sales were priced at over £1 million.
The cheapest properties in Lancashire were in the under £50k price bracket, accounting for 1.1% of sales.
The cheapest property prices in Lancashire are found in Burnley, where the average cost of a property is £124,492. Between the years ending June 2020 and June 2021, property prices have changed by 9.3% in Burnley (compared to 10.0% in Lancashire)
Average property price
YoY change in price
|1|| Burnley |
|2|| Hyndburn |
|3|| Pendle |
|4|| Preston |
|5|| Rossendale |
The most expensive property values in Lancashire are found in Ribble Valley, where the average property price is £284,360. Between the years ending June 2020 and June 2021, property prices have changed by 6.7% in Ribble Valley (compared to 10.0% in Lancashire)
Average Property Price
YoY CHANGE in PRICE
|1|| Ribble Valley |
|2|| Fylde |
|3|| West Lancashire |
|4|| Chorley |
|5|| Lancaster |
Source: Office for National Statistics licensed under the Open Government Licence v.3.0. Contains OS data © Crown copyright and database right 2021. Data sources: ONS Local statistics