Burnley house prices increased more than across the North-West in May

​The ​boost ​contributes to the longer-term trend, which has seen property prices in the area ​achieve 2.2% annual growth​.

The average Burnley house price in May was £87,565, Land Registry figures show​ – a 1.4% increase on April.

Over the month, the picture was ​better than that across the North-West, where prices ​increased 0.3%​, and Burnley outperformed the 0.3% rise for the UK as a whole.

Over the last year, the average sale price of property in Burnley ​​rose by £1,900 – putting the ​area 24th among the North West’s 39 local authorities for annual growth.

​The best annual growth in the region was in Hyndburn, where properties increased on average by 14.3%, to £106,000. ​At the other end of the scale, properties in Halton dropped 7.2% in value, giving an average price of £135,000.

Owners of flats saw the biggest improvement in property prices in Burnley in May – they increased 2.6%, to £61,236 on average. Over the last year, prices rose by 3%.

Among other types of property:

- Detached: up 1.7% monthly; up 3% annually; £165,407 average

- Semi-detached: up 1.7% monthly; up 2.6% annually; £108,108 average

- Terraced: up 1.2% monthly; up 1.8% annually; £73,926 average

First-time buyers in Burnley spent an average of £​79,200 on their property – ​£1,700 more than a year ago, ​and ​£12,700 more than in May 2015.

By comparison, former owner-occupiers paid £​97,800 on average in May​ – 23.4% more than first-time buyers.

Buyers paid less for properties in Burnley than anywhere else in the UK in May. The average price paid in Kensington and Chelsea (£1.4 million), at the other end of the scale, would buy 16.3 homes in Burnley .​

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