Imofolio
Sign inGet started for free

Burnley · report

Buy or rent in Burnley

Owning and renting the average home cost about the same each month. Owning counts interest, running costs and the return the deposit could earn, at the average sale price; rent is the average of all private tenancies. Repaying the loan is saving, so it is left out.

Rent per month
£633
Owning per month
£644

Try your own numbers

Starting from the average sale price of £136,703 and the average private rent of £633 a month in Burnley, and a mortgage rate of 4.6%.

Assumptions
4.6
1
Buildings insurance, maintenance, and any service charge and ground rent. Council tax is paid by tenants too, so it is left out.
3
What the deposit and purchase costs could earn if invested instead.
7
Stamp duty (land transaction tax in Wales, LBTT in Scotland), conveyancing, survey and lender's fees, paid once.

Owning and renting cost about the same each month.

Rent a month
£633
Owning a month, not recovered
£644
Interest
£472
Running costs
£114
Return given up
£58
Cash out a month, if buying
£745

Gross rental yield in Burnley

A year's rent as a share of the average sale price, month by month. Higher means rent is dear compared with buying.

Show the numbers
PeriodBurnley
Aug 20265.5%
Jul 20265.5%
Jun 20265.5%
May 20265.7%
Apr 20265.7%
Mar 20265.7%
Feb 20265.7%
Jan 20265.7%
Dec 20255.6%
Nov 20255.6%
Oct 20255.6%
Sep 20255.7%
Aug 20255.7%
Jul 20255.9%
Jun 20256.0%
May 20255.8%
Apr 20255.7%
Mar 20255.7%
Feb 20255.8%
Jan 20255.7%
Dec 20245.6%
Nov 20245.7%
Oct 20245.7%
Sep 20245.8%
Aug 20245.6%
Jul 20245.8%
Jun 20245.8%
May 20245.7%
Apr 20245.7%
Mar 20245.7%
Feb 20245.7%
Jan 20245.7%
Dec 20235.5%
Nov 20235.5%
Oct 20235.5%
Sep 20235.6%
Aug 20235.6%
Jul 20235.4%
Jun 20235.4%
May 20235.5%
Apr 20235.5%
Mar 20235.5%
Feb 20235.3%
Jan 20235.2%
Dec 20225.1%
Nov 20225.1%
Oct 20225.1%
Sep 20225.1%
Aug 20225.0%
Jul 20225.0%
Jun 20225.1%
May 20225.2%
Apr 20225.2%
Mar 20225.2%
Feb 20225.1%
Jan 20225.2%
Dec 20215.3%
Nov 20215.3%
Oct 20215.4%
Sep 20215.4%
Aug 20215.3%
Jul 20215.4%
Jun 20215.4%
May 20215.6%
Apr 20215.6%
Mar 20215.7%
Feb 20215.7%
Jan 20215.8%
Dec 20205.7%
Nov 20205.9%
Oct 20206.0%
Sep 20206.3%
Aug 20206.1%
Jul 20206.2%
Jun 20206.1%
May 20206.2%
Apr 20206.3%
Mar 20206.4%
Feb 20206.4%
Jan 20206.2%
Dec 20196.3%
Nov 20196.4%
Oct 20196.4%
Sep 20196.5%
Aug 20196.4%
Jul 20196.5%
Jun 20196.4%
May 20196.4%
Apr 20196.5%
Mar 20196.7%
Feb 20196.8%
Jan 20196.8%
Dec 20186.6%
Nov 20186.6%
Oct 20186.4%
Sep 20186.6%
Aug 20186.4%
Jul 20186.6%
Jun 20186.6%
May 20186.9%
Apr 20186.8%
Mar 20187.0%
Feb 20186.8%
Jan 20187.0%
Dec 20176.8%
Nov 20176.7%
Oct 20176.5%
Sep 20176.4%
Aug 20176.5%
Jul 20176.5%
Jun 20176.6%
May 20176.7%
Apr 20176.8%
Mar 20176.8%
Feb 20176.8%
Jan 20176.9%
Dec 20167.1%
Nov 20166.9%
Oct 20166.8%
Sep 20166.5%
Aug 20166.7%
Jul 20166.9%
Jun 20167.2%
May 20167.3%
Apr 20167.4%
Mar 20167.3%
Feb 20167.3%
Jan 20167.2%
Dec 20157.1%
Nov 20157.1%
Oct 20157.4%
Sep 20157.5%
Aug 20157.5%
Jul 20156.9%
Jun 20157.1%
May 20157.1%
Apr 20157.4%
Mar 20157.2%
Feb 20157.0%
Jan 20157.1%

The comparison counts only the costs of owning you never get back: interest, running costs and what the deposit and purchase costs could earn elsewhere. Loan repayments build equity, so they are left out. So is any rise in the home's value, because nobody knows it in advance. Rents here are ONS's average of all private tenancies, new and continuing, which runs below what a new tenant pays; Scotland's are mostly advertised new lets, and its councils and Northern Ireland's take their nation's figure.

Other reports for Burnley

Next 12 months

Sale prices have an 80% chance of landing between £137,749 and £158,567 by August 2027.

Expected, August 2027
£148,158
Chance of a rise
92%

Affordability

At the average sale price, a home costs £136,703. With 10% down and a 30-year mortgage, the payment is £631 a month. The UK sets no cap on the payment; no more than 15% of new mortgages may lend over 4.5 times income.

Payment, two incomes
11%
Payment, one income
23%

New homes

16.5% fewer homes were started in the last 12 months than in an average year of the past decade.

Started, 12 months
120
Per 1,000 residents
1.2

Foreign buyers

Figures for United Kingdom: Burnley has no reliable figures of its own.

Buyers living abroad bought 1.8% of the homes sold here in the four quarters to Q1 2025.

Bought by buyers abroad, 12 months
1.8%

Past cycles

Sale prices have fallen by 3% or more 15 times since 1995. The deepest began in August 2007.

Deepest fall
−34.6%
Recovery from the low
94 months

People and new homes

In 2025 the population grew by 1,745 while 160 homes were finished: 10.9 new residents for every new home.

New residents per new home, 2025
10.9
Population change, 2025
+1,745

Empty homes

4.9% of the 41,955 homes counted in the 2021 census had nobody usually living in them.

Empty, 2021 census
4.9%
Empty homes
2,045

Renovation

In 2025, 3% of the homes added came from existing buildings rather than new ones.

Homes from existing buildings, 2025
3%