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House Prices in PR1

The average house price in PR1 (Preston) is £180,911 using HM Land Registry data.

The average property price increased by £23,848 (48.29%) over the last 5 years and increased by £4,767 (6.33%) over the last 12 months.

Over the last year, there were 543 residential property sales – a decrease of 314 transactions (-57.83%) relative to the previous year. The majority of house sales (144) were in the £70,000 - £114,000 range. Then came properties in the £114,000 - £158,000 range, where 115 were sold within this price bracket.

Excluding fall throughs, properties are taking an average of 72 days to sell (from being listed to completion) and the average difference between asking and sold prices is £-8,629 (-4%).

In June 2024, there were 115 new estate agency instructions, 81 agreed home sales and 48 property price reductions.

5-Year Average Property Prices in PR1 (Preston)

48.29%

Property prices in Preston increased by 48.29% in last 5 years.

The trend shows the general price tendency over the last 5 years, ignoring all month-to-month fluctuations where anomalies - typically over or underpriced property sales - can skew results. These monthly variations typically do not have any long-term relevance.

We have used linear regression method. The volume of sales in a month is used to put more weight on months with a larger number of properties sold. Additionally, weighting decreases the impact of months with low sales volumes as well as the most recent month - which may consist of incomplete data. Such months have a higher variation of average sale values which may conceal the underlying trend.

From a statistical perspective, we use the least squares method to fit the trend line and weights are equal to the volume of sales squared. The volume of sales is not shown explicitly in the above plot. Also note the time lag for HM Land Registry data to appear (typically 2 to 3 months).

Average Property Prices in PR1 (Preston) Over the Last Year

6.33%

Property prices in Preston increased by 6.33% in last 12 months.

The trend shows the general price tendency over the last 12 months, ignoring all month-to-month fluctuations where anomalies - typically over or underpriced property sales - can skew results. These monthly variations typically do not have any long-term relevance.

Property Market Heat Gauge for PR1 (Preston) - June 2024

Our Property Market Heat Gauge looks at how long properties in your postcode district have been on the open market before being changed to sold 'Subject to Contract' ('STC') or 'Under Offer' on Rightmove (the UK's leading property portal).

At 61 to 80 days, the broad evidence suggests a slow moving market. This can often be due to estate agency over-valuations out of sync with the realities, a market slowdown or a combination of both. In such scenarios, some vendors may either choose to wait for the market to pick up (which may result in some relisting the property at a later date). Others simply reduce the price to a level that will entice more buyer interest or approach a sell house fast or auction company like Property Solvers.

Please note that this is not an indicator of how quickly property sales are taking to complete (i.e. to go through the whole conveyancing process). This measurement also does not take into account the risk of home sales falling through.

No. of New Instructions Over the Last 12 Months in PR1 (Preston)

Using local estate agency reported data, this chart illustrates the number of properties that have come on to the market.

No. of Agreed Home Sales Over the Last 12 Months in PR1 (Preston)

Using local estate agency reported data, this chart illustrates the number of property sales agreed. Note that these figures are not fully reflective of properties completed (sold and registered as such at HM Land Registry).

No. of Properties with Price Reductions in PR1 (Preston)

Using local estate agency reported data, this chart illustrates the number of properties which have been seen their prices dropped (typically due to a lack of buyer interest).

Average Annual House Prices in the PR1 (Preston) Postcode since 1995

Using HM Land Registry data, this chart displays average annual house prices in the PR1 postcode area since 1995.

Recent Sales in PR1 (Preston)

Address	Initial Price	Sold Price	Price Change	First Listed Date	Sold Date	Days to Sell
61 Meadow Bank, Penwortham, Preston, Lancashire, PR1 9BL	£160,000	£155,283	-£4,717	16 Nov 2023	26 Apr 2024	162 Days
10 Elmtree Avenue, Penwortham, Preston, Lancashire, PR1 9ZH	£260,000	£255,000	-£5,000	08 Sep 2023	26 Apr 2024	231 Days
Windy Ridge, Studholme Crescent, Penwortham, Preston, Lancashire, PR1 9NH	£285,000	£280,000	-£5,000	22 Jan 2024	26 Apr 2024	95 Days
Apartment 22, Old School Square, Burleigh Road, Preston, Lancashire, PR1 8PW	£106,500	£105,550	-£950	23 Sep 2023	24 Apr 2024	214 Days
2 Houghton Road, Penwortham, Preston, Lancashire, PR1 9HS	£220,000	£220,000	£00	07 Sep 2023	16 Apr 2024	222 Days
1 Spring Gardens, Penwortham, Preston, Lancashire, PR1 9LY	£189,950	£189,000	-£950	02 Nov 2023	15 Apr 2024	165 Days
3 West View Terrace, Preston, Lancashire, PR1 8UA	£100,000	£93,000	-£7,000	22 Dec 2023	12 Apr 2024	112 Days
209 Leyland Road, Penwortham, Preston, Lancashire, PR1 9SQ	£189,950	£170,600	-£19,350	22 Aug 2023	09 Apr 2024	231 Days
7 Clitheroe Street, Preston, Lancashire, PR1 4BP	£124,950	£100,000	-£24,950	26 Jun 2023	05 Apr 2024	284 Days
19 Dymock Road, Preston, Lancashire, PR1 5QE	£120,000	£118,000	-£2,000	28 Nov 2023	28 Mar 2024	121 Days
124 Ramsey Avenue, Preston, Lancashire, PR1 6EL	£149,950	£140,000	-£9,950	19 Oct 2023	25 Mar 2024	158 Days
4 Norris Street, Preston, Lancashire, PR1 7PX	£125,000	£123,000	-£2,000	22 Jan 2024	25 Mar 2024	63 Days
42 Milner Street, Preston, Lancashire, PR1 6BN	£95,000	£90,000	-£5,000	07 Aug 2023	18 Mar 2024	224 Days
11 Hurst Park, Penwortham, Preston, Lancashire, PR1 9BD	£450,000	£450,000	£00	27 Sep 2023	01 Mar 2024	156 Days
63 Stanley Grove, Penwortham, Preston, Lancashire, PR1 0JJ	£199,500	£180,000	-£19,500	07 Oct 2023	23 Feb 2024	139 Days
9 Priory Crescent, Penwortham, Preston, Lancashire, PR1 0AL	£375,000	£373,000	-£2,000	10 Jul 2023	23 Feb 2024	228 Days
4b, Beckett Court, Preston, Lancashire, PR1 1YD	£70,000	£59,000	-£11,000	02 Feb 2024	16 Feb 2024	14 Days
24 Belgrave Avenue, Penwortham, Preston, Lancashire, PR1 0BH	£230,000	£210,000	-£20,000	30 May 2023	02 Feb 2024	248 Days
30 St Andrews Road, Preston, Lancashire, PR1 6NH	£140,000	£130,000	-£10,000	19 Sep 2023	30 Jan 2024	133 Days
11 City Views, Preston, Lancashire, PR1 3QE	£90,000	£90,000	£00	22 Aug 2023	19 Jan 2024	150 Days

Most Expensive Streets in PR1 (Preston)

Postcode	Street	Area	Average	No. of Sales
PR1 9XH	Hill Road, Penwortham	Preston	£858,716	6
PR1 0AE	Hollinhurst Avenue, Penwortham	Preston	£545,600	5
PR1 0BN	Round Wood, Penwortham	Preston	£457,250	4
PR1 0BP	Castle Walk, Penwortham	Preston	£437,500	4
PR1 9BD	Hurst Park, Penwortham	Preston	£430,833	3
PR1 0QL	Parklands Avenue, Penwortham	Preston	£414,125	4
PR1 0BJ	Kingsway, Penwortham	Preston	£391,250	4
PR1 0XF	Moorside Drive, Penwortham	Preston	£387,000	4
PR1 9AJ	Glenway, Penwortham	Preston	£385,400	5
PR1 0QP	Carlisle Avenue, Penwortham	Preston	£378,200	5

Least Expensive Streets in PR1 (Preston)

Postcode	Street	Area	Average	No. of Sales
PR1 4YJ	Conway House, Samuel Street, Preston	Preston	£26,200	10
PR1 4YL	Severn House, Samuel Street, Preston	Preston	£30,800	5
PR1 4YH	Avon House, Samuel Street, Preston	Preston	£36,785	7
PR1 3YR	Abram House, Manchester Road	Preston	£41,750	3
PR1 3RS	Sandown Court, Avenham Lane	Preston	£47,890	5
PR1 3SE	Sandown Court, Avenham Lane	Preston	£49,316	3
PR1 2NL	Lune Street	Preston	£51,250	6
PR1 3UQ	Sandown Court, Avenham Lane	Preston	£51,650	5
PR1 5JH	Centenary Mill Court, New Hall Lane	Preston	£51,650	5
PR1 5JQ	Centenary Mill Court, New Hall Lane	Preston	£53,071	14