Blackburn Property Market Overview
East Lancashire town with Cathedral Quarter regeneration and Northgate redevelopment
The Blackburn property market recorded 1,496 residential sales over the past 12 months, with a median sale price of £147,000. This places Blackburn £10k below the Lancashire county median of £156,750, and £138k below the UK national median of £285,000.
Prices in Blackburn have shown a notable decline, with a year-on-year change of -10.9%. Within Lancashire, Blackburn ranks 5th by price out of 8 principal towns, and 4th by transaction volume.
Blackburn House Prices by Property Type
Property prices in Blackburn vary significantly by type. The table below compares Blackburn prices with Lancashire county averages and UK national figures.
| Type | Blackburn | Lancashire Avg | UK Avg |
|---|---|---|---|
| Detached | £300,250 | £309,125 | £420,000 |
| Semi-detached | £182,000 | £191,000 | £265,000 |
| Terraced | £115,000 | £118,750 | £230,000 |
| Flat | £85,000 | £89,625 | £225,000 |
Detached homes in Blackburn command £300,250, while flat properties are most accessible at £85,000. The £215k spread between the most and least expensive types indicates a diverse market with opportunities across the development spectrum.
Median Price by Property Type
New Build Homes in Blackburn
Blackburn recorded 80 new-build transactions in the past 12 months, representing 5.3% of total sales. This indicates meaningful developer activity and proven buyer demand for new homes in the area.
New-build properties in Blackburn traded at a premium of 126.7% versus existing stock. This premium supports the viability of new development, as buyers are willing to pay more for new homes.
Across the wider Lancashire market, 224 new-build completions were recorded — see our Lancashire property market report for the full county picture.
Recent Property Sales in Blackburn
The following table shows the most recent property transactions recorded in Blackburn, providing real-time evidence of achieved prices for buyers, sellers, and developers:
| Price | Type | Postcode | Date | Status |
|---|---|---|---|---|
| £156,000 | Terraced | BB3 0QP | 2026-02-20 | Existing |
| £110,000 | Flat | BB2 4BG | 2026-02-20 | Existing |
| £143,000 | Terraced | BB2 4JZ | 2026-02-20 | Existing |
| £100,000 | Terraced | BB3 3DF | 2026-02-16 | Existing |
| £230,000 | Detached | BB1 2QF | 2026-02-16 | Existing |
These transactions are sourced from HM Land Registry Price Paid data and represent completed, registered sales. The range from £100,000 to £230,000 illustrates the breadth of the Blackburn market.
Development Finance in Blackburn
For developers considering Blackburn, the local market data translates directly into finance structuring. With a median value of £147,000 and detached homes at £300,250, lenders can assess scheme viability with confidence.
A typical development finance facility for a Blackburn scheme with a GDV of £300,250 would attract senior debt of approximately £195,163 at 65% LTGDV. Mezzanine finance can stretch total borrowing to 85-90% of costs, while bridging loans enable rapid site acquisitions completing in as little as 5 working days.
While prices have softened 10.9% year-on-year, experienced developers can still generate strong returns in Blackburn by targeting well-located sites with clear demand drivers.
Ready to develop in Blackburn? Submit your scheme for indicative terms within 24 hours from our panel of 100+ lenders.
Blackburn Compared to Nearby Lancashire Towns
To put Blackburn's market in context, the table below compares it with similarly-priced towns across Lancashire:
| Town | Median Price | Sales (12m) | YoY Change |
|---|---|---|---|
| Blackburn | £147,000 | 1,496 | -10.9% |
| Blackpool | £130,000 | 1,846 | +2.4% |
| Preston | £166,500 | 1,601 | -12.4% |
| Accrington | £125,000 | 941 | -3.8% |
| Burnley | £107,000 | 1,197 | -7% |
| Lancaster | £190,000 | 1,517 | -2.6% |
For the full Lancashire town-by-town breakdown, see our comprehensive Lancashire property market report.
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5 min readFrequently Asked Questions
What is the average house price in Blackburn?
The median house price in Blackburn is £147,000, based on 1,496 transactions over the past 12 months. Detached homes average £300,250 while flat properties average £85,000.
Are house prices rising or falling in Blackburn?
House prices in Blackburn are falling at -10.9% year-on-year. This decline may present buying opportunities for investors and developers. The wider Lancashire market is falling at -4.5%.
How many properties sold in Blackburn recently?
Blackburn recorded 1,496 residential property sales in the past 12 months. This high volume indicates a liquid, active market.
What development finance is available for projects in Blackburn?
Developers in Blackburn can access development finance from 6.5% p.a. at 65-70% LTGDV, mezzanine finance stretching to 85-90% of costs, bridging loans completing in 5-10 days, and development exit finance. Construction Capital sources the best terms from 100+ lenders.