Property for sale in Accrington

As of late 2023, the average price of a home in Accrington is around £150,000, reflecting a slight increase from previous years. For example, semi-detached houses typically range from £140,000 to £180,000, while terraced homes can often be found between £100,000 and £130,000. The cost of larger family homes, such as detached properties, can average between £200,000 and £250,000, depending on the specific location and amenities. In more desirable neighborhoods, prices may approach £300,000 for well-maintained homes with modern features, while properties requiring renovation may be significantly lower, often under £100,000. These figures highlight the diverse housing market in Accrington, catering to various budgets and preferences.

Over the last year, real estate prices in Accrington have shown varied trends across different property types. According to local property listings, the average price for a terraced house has risen to approximately £120,000, up from around £110,000 a year ago, illustrating a growth of roughly 9%. In contrast, semi-detached homes have seen a more modest increase, with average prices moving from £155,000 to about £160,000, reflecting a 3% rise. Meanwhile, detached properties have experienced a significant jump, with average prices increasing by around 15% from £220,000 to £250,000. This shift can be attributed to factors such as improving local amenities and an increase in demand from first-time buyers. Additionally, properties in desirable areas, particularly closer to local parks and schools, have witnessed a higher demand, pushing prices further upwards.

Real estate prices in Accrington are influenced by several factors, including local demographics, economic conditions, and the availability of amenities. For instance, as of 2023, the average property price in Accrington hovers around £140,000, which is significantly lower than the UK average of approximately £285,000. This price disparity can be attributed to the area’s population characteristics, where a significant portion of the community earns below the national average income, impacting overall demand. Proximity to key facilities like schools, shopping centers, and public transport also plays a crucial role; properties within walking distance to Accrington train station tend to command higher prices, often exceeding £160,000, compared to homes located in more isolated areas. Moreover, the condition of the housing stock, with many older homes requiring renovation, can affect prices; for example, a typical Victorian terrace may sell for around £120,000 but require substantial investment to modernize. Economic factors, such as employment rates in local industries, especially manufacturing, further impact market attractiveness and pricing trends, with fluctuations aligning closely with job availability in the region.

In Accrington, the average property price is approximately £150,000 as of late 2023, which is notably lower compared to some nearby towns. For instance, in neighboring Blackburn, the average house price stands around £185,000, while in Burnley, it is about £145,000. In Hyndburn, where Accrington is located, property values tend to be more affordable, with a significant number of terraced homes contributing to this lower average. Meanwhile, towns such as Ramsbottom, which is around 12 miles away, see average prices of around £250,000, reflecting a trend where more rural areas command higher premiums due to their perceived desirability. Additionally, overall market activity indicates that Accrington's prices have seen modest growth compared to a more dynamic market in places like Accrington's affluent neighbor, Padiham, where prices average at about £210,000.

In Accrington, the housing landscape is predominantly characterized by terraced homes, which make up approximately 60% of the residential properties. These Victorian-era houses often feature two to three bedrooms and are typically narrow, appealing to both first-time buyers and renters. Semi-detached homes are another common type, accounting for around 25% of the housing stock; these usually have three or four bedrooms and often come with gardens. Detached houses are less prevalent, comprising about 10% of the homes in the area, and tend to offer more space for families. Bungalows, particularly appealing to retirees, represent roughly 5%, offering single-level living. The mix reflects Accrington's historical development patterns and the needs of its community.

Property prices in Accrington are notably lower than the UK average, making it an attractive area for buyers looking for affordability. As of October 2023, the average property price in Accrington stands at around £130,000, significantly below the UK average, which is approximately £286,000. For example, a three-bedroom semi-detached house in Accrington can typically be purchased for about £150,000, while the same property type in many areas of the UK could range from £250,000 to £400,000 or more. Additionally, the cost of a one-bedroom flat in Accrington averages around £70,000, compared to the national average of about £200,000. This stark contrast highlights Accrington's position as a more budget-friendly option within the UK housing market.

In Accrington, several amenities play a crucial role in influencing real estate prices. Proximity to good schools, such as Accrington St. John's Church of England Primary School and Accrington Academy, can significantly raise property values, with homes near these institutions often seeing a price premium of 10-15% compared to those farther away. Access to public transport, particularly the train services from Accrington railway station, enhances connectivity to Manchester and Blackburn, which can lead to an increase in demand, pushing prices up by around 5-10%. Green spaces like Oak Hill Park provide recreational areas that appeal to families, contributing to property desirability and potentially increasing prices by 3-7% in the nearby residential areas. Furthermore, the availability of local amenities such as supermarkets, healthcare facilities, and entertainment options can also influence real estate values, with homes situated within a 10-minute walk to these services typically commanding a premium of 5-10% over those located more distantly.