The question of how crime rates affect property values in Burnley is a complex one. While a higher crime rate can understandably raise concerns for potential buyers, the relationship isn’t always straightforward.
Burnley currently has a crime rate of 140.7 incidents per 1,000 residents, which is significantly higher than the UK average of 91.6 per 1,000. This elevated crime rate, combined with a safety score of 69 out of 100 (compared to a UK average of 79), suggests a perception of lower safety within the area. It's important to note that this is an aggregate figure, and crime is not evenly distributed throughout Burnley.
The property crime rate in Burnley stands at 42.4 incidents per 1,000 residents. This figure, while still above the national average, focuses specifically on crimes like burglary, theft, and vandalism, which are often a primary concern for homeowners.
How does this translate to property values? Generally, areas with higher crime rates experience downward pressure on property prices. Buyers may be hesitant to invest in locations perceived as unsafe, leading to reduced demand and potentially lower sale prices. However, other factors such as affordability, local amenities, school districts, and transport links also play a significant role. A relatively affordable property in Burnley, even with a higher crime rate, might still be attractive to certain buyers.
Furthermore, specific neighbourhoods within Burnley may have varying crime levels. A detailed examination of local crime mapping data is essential to understand the precise risks associated with a particular property. A street with a history of burglaries will likely be less desirable than one with a strong sense of community and lower reported incidents.
It's also crucial to remember that crime statistics are just one piece of the puzzle. Positive factors, such as regeneration projects or new infrastructure, can mitigate the negative impact of crime on property values. Potential buyers should conduct thorough due diligence, considering both the crime statistics and the broader local context before making a decision.