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House Prices in PR1 House Prices in PR1 (Preston)

The average house price in PR1 (Preston) is £181,998 using HM Land Registry data.

The average property price increased by £27,862 (48.29%) over the last 5 years and increased by £5,581 (6.33%) over the last 12 months.

Over the last year, there were 558 residential property sales – a decrease of 208 transactions (-37.28%) relative to the previous year. The majority of house sales (175) were in the £80,000 - £126,000 range. Then came properties in the £126,000 - £172,000 range, where 128 were sold within this price bracket.

Excluding fall throughs, properties are taking an average of 151 days to sell (from being listed to completion) and the average difference between asking and sold prices is £-7,339 (-3%).

In January 2025, there were 104 new estate agency instructions, 85 agreed home sales and 48 property price reductions.

Nearby Postcodes: BB2, FY3, FY4, FY6, FY8, L40, PR2, PR25, PR26, PR3, PR4, PR5, PR6, PR7, PR9

5-Year Average Property Prices in PR1 (Preston)

48.29%

Property prices in PR1 (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 PR1 (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.

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).

Property Market Heat Gauge for PR1 (Preston) - January 2025

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 81 to 100 days, the broad evidence suggests a very slow moving market. This can often be due to estate agency over-valuations out of sync with the realities, a notable market slowdown or a combination of both. In such scenarios, vendors may either choose to wait for the market to pick up (which may result in relisting the property at a later date). Those committed to selling will often need to drop the price to a level that will entice genuine homebuyer 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)

AddressInitial PriceSold PricePrice ChangeFirst Listed DateSold DateDays to Sell
12 Ringwood Road, Preston, Lancashire, PR1 6XP£95,000£85,000-£10,00022 Nov 201323 Dec 20244049 Days
6 Brydeck Avenue, Penwortham, Preston, Lancashire, PR1 9QL£180,000£180,000£019 Aug 202416 Dec 2024119 Days
54 Oban Crescent, Preston, Lancashire, PR1 6ET£235,000£233,000-£2,00004 Oct 202413 Dec 202470 Days
17 Greencroft, Penwortham, Preston, Lancashire, PR1 9LA£230,000£225,000-£5,00031 Jan 202409 Dec 2024313 Days
32 Mayflower Avenue, Penwortham, Preston, Lancashire, PR1 0LJ£240,000£238,000-£2,00030 Apr 202406 Dec 2024220 Days
8 Dalby Close, Preston, Lancashire, PR1 6EU£249,995£249,995£019 Aug 202405 Dec 2024108 Days
18 Acorn Close, Penwortham, Preston, Lancashire, PR1 0UQ£230,000£225,000-£5,00003 Jun 202403 Dec 2024183 Days
1 Cinnamon Court, Penwortham, Preston, Lancashire, PR1 9BU£149,950£144,000-£5,95022 Aug 202403 Dec 2024103 Days
42 Central Drive, Penwortham, Preston, Lancashire, PR1 0NL£379,950£375,000-£4,95005 Jul 202429 Nov 2024147 Days
Mortehoe, Marshalls Brow, Penwortham, Preston, Lancashire, PR1 9JA£295,000£295,000£008 Jun 202429 Nov 2024174 Days
14 Crow Hills Road, Penwortham, Preston, Lancashire, PR1 0JE£359,950£355,000-£4,95024 Jun 202429 Nov 2024158 Days
1 Eagleton Way, Penwortham, Preston, Lancashire, PR1 9SL£384,950£380,000-£4,95030 Jul 202428 Nov 2024121 Days
6 Queenscourt Avenue, Penwortham, Preston, Lancashire, PR1 9BT£115,000£106,000-£9,00030 May 202427 Nov 2024181 Days
18 Ramsey Avenue, Preston, Lancashire, PR1 6ER£187,500£183,000-£4,50014 Jun 202418 Nov 2024157 Days
29 Copper Beeches, Penwortham, Preston, Lancashire, PR1 9EG£169,950£168,000-£1,95019 Jul 202414 Nov 2024118 Days
29 Rosemary Court, Penwortham, Preston, Lancashire, PR1 9LL£129,950£127,000-£2,95013 Aug 202412 Nov 202491 Days
15 Elmsley Street, Preston, Lancashire, PR1 7XD£79,950£75,000-£4,95026 Feb 202107 Nov 20241350 Days
137 Manor House Lane, Preston, Lancashire, PR1 6HP£135,000£130,000-£5,00013 Jun 202401 Nov 2024141 Days
98 Acregate Lane, Preston, Lancashire, PR1 5QP£98,500£93,000-£5,50015 May 202431 Oct 2024169 Days
7 Cliffe Court, Preston, Lancashire, PR1 4QB£149,950£145,000-£4,95030 Mar 202425 Oct 2024209 Days

Most Expensive Streets in PR1 (Preston)

PostcodeStreetAreaAverageNo. of Sales
PR1 9XHHill Road, PenworthamPreston£857,8836
PR1 0AEHollinhurst Avenue, PenworthamPreston£531,6005
PR1 0JUWentworth Close, PenworthamPreston£448,3333
PR1 0QLParklands Avenue, PenworthamPreston£444,6663
PR1 0BNRound Wood, PenworthamPreston£438,4287
PR1 9BDHurst Park, PenworthamPreston£430,8333
PR1 0DSQueensway, PenworthamPreston£414,3163
PR1 0XFMoorside Drive, PenworthamPreston£397,6005
PR1 0BJKingsway, PenworthamPreston£391,2504
PR1 0QPCarlisle Avenue, PenworthamPreston£389,2005

Least Expensive Streets in PR1 (Preston)

PostcodeStreetAreaAverageNo. of Sales
PR1 4YJConway House, Samuel Street, PrestonPreston£27,6258
PR1 4YLSevern House, Samuel Street, PrestonPreston£30,5836
PR1 4YHAvon House, Samuel Street, PrestonPreston£34,7498
PR1 3UQSandown Court, Avenham LanePreston£49,2504
PR1 3SESandown Court, Avenham LanePreston£49,3163
PR1 3RSSandown Court, Avenham LanePreston£49,3333
PR1 5JQCentenary Mill Court, New Hall LanePreston£50,13315
PR1 2NLLune StreetPreston£50,5005
PR1 5JHCentenary Mill Court, New Hall LanePreston£51,6505
PR1 4UEDevonshire PlacePreston£54,3333

Explore PR1 (Preston) using map

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