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House Prices in PR2 House Prices in PR2 (Preston)

The average house price in PR2 (Preston) is £578,489 using HM Land Registry data.

The average property price increased by £56,590 (22%) over the last 5 years and increased by £11,338 (3.41%) over the last 12 months.

Over the last year, there were 680 residential property sales – a decrease of 351 transactions (-51.62%) relative to the previous year. The majority of house sales (172) were in the £100,000 - £146,000 range. Then came properties in the £146,000 - £192,000 range, where 152 were sold within this price bracket.

Excluding fall throughs, properties are taking an average of 66 days to sell (from being listed to completion) and the average difference between asking and sold prices is £-6,827 (-3%).

In Oct 24, there were 156 new estate agency instructions, 135 agreed home sales and 91 property price reductions.

Nearby Postcodes: BB1, BB2, BB3, BB6, BB7, FY3, FY4, FY6, FY8, L40, LA2, PR1, PR25, PR26, PR3, PR4, PR5, PR6, PR7, PR9

5-Year Average Property Prices in PR2 (Preston)

22%

Property prices in Preston increased by 22% 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 PR2 (Preston) Over the Last Year

3.41%

Property prices in Preston increased by 3.41% 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 PR2 (Preston) - Oct 24

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 PR2 (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 PR2 (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 PR2 (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 PR2 (Preston) Postcode since 1995

Using HM Land Registry data, this chart displays average annual house prices in the PR2 postcode area since 1995.

Recent Sales in PR2 (Preston)

AddressInitial PriceSold PricePrice ChangeFirst Listed DateSold DateDays to Sell
24 Birchwood Drive, Fulwood, Preston, Lancashire, PR2 9UJ£280,000£270,000-£10,00001 Mar 202423 Aug 2024175 Days
110 Powis Road, Ashton On Ribble, Preston, Lancashire, PR2 1AE£249,950£240,000-£9,95011 Mar 202421 Aug 2024163 Days
97 Powis Road, Ashton On Ribble, Preston, Lancashire, PR2 1AE£215,000£205,000-£10,00002 Apr 202420 Aug 2024140 Days
11a, Goodwood Avenue, Fulwood, Preston, Lancashire, PR2 9TZ£220,000£220,000£0010 Apr 202420 Aug 2024132 Days
41 Churchfield, Fulwood, Preston, Lancashire, PR2 8GT£250,000£235,000-£15,00015 Sep 202316 Aug 2024336 Days
43 Waterloo Terrace, Ashton On Ribble, Preston, Lancashire, PR2 1DA£140,000£134,000-£6,00022 Mar 202409 Aug 2024140 Days
8 Winmarleigh Road, Ashton On Ribble, Preston, Lancashire, PR2 1ET£160,000£130,000-£30,00022 May 202409 Aug 202479 Days
56 Greenfield Way, Ingol, Preston, Lancashire, PR2 3GG£95,000£95,000£0003 Apr 202409 Aug 2024128 Days
11 Rose Lea, Fulwood, Preston, Lancashire, PR2 9LB£172,000£169,000-£3,00019 Apr 202406 Aug 2024109 Days
1 Noel Square, Ribbleton, Preston, Lancashire, PR2 6PA£140,000£140,000£0020 May 202405 Aug 202477 Days
3 Teil Green, Fulwood, Preston, Lancashire, PR2 9PA£425,000£425,000£0009 Feb 202405 Aug 2024178 Days
33 Mayfield Avenue, Ingol, Preston, Lancashire, PR2 3UE£220,000£210,000-£10,00011 May 202402 Aug 202483 Days
Flat 8, Holland Lodge, Grange Avenue, Ribbleton, Preston, Lancashire, PR2 6PG£35,000£32,000-£3,00001 Nov 202301 Aug 2024274 Days
21 Harrison Road, Fulwood, Preston, Lancashire, PR2 9QH£325,000£317,500-£7,50028 Mar 202401 Aug 2024126 Days
59 Mountbatten Close, Ashton On Ribble, Preston, Lancashire, PR2 2YJ£125,000£114,000-£11,00026 Jan 202431 Jul 2024187 Days
237 Black Bull Lane, Fulwood, Preston, Lancashire, PR2 9YB£185,000£185,000£0017 Apr 202431 Jul 2024105 Days
134 Victoria Road, Fulwood, Preston, Lancashire, PR2 8NQ£190,000£189,143-£85705 Mar 202431 Jul 2024148 Days
4 Colenso Road, Ashton On Ribble, Preston, Lancashire, PR2 2LL£140,000£135,000-£5,00018 Apr 202429 Jul 2024102 Days
10 Higher Bank Road, Fulwood, Preston, Lancashire, PR2 8PD£500,000£485,000-£15,00013 Mar 202429 Jul 2024138 Days
612 Blackpool Road, Ashton On Ribble, Preston, Lancashire, PR2 1SE£300,000£300,000£0002 Apr 202426 Jul 2024115 Days

Most Expensive Streets in PR2 (Preston)

PostcodeStreetAreaAverageNo. of Sales
PR2 3AFRoyal Drive, FulwoodPreston£1,312,84316
PR2 5DRParish View, GrimsarghPreston£912,5003
PR2 5SHCow Hill, HaightonPreston£771,2504
PR2 5SRHaighton Green Lane, HaightonPreston£707,5004
PR2 8FTNursery Close, FulwoodPreston£684,7147
PR2 7ANWalker Lane, FulwoodPreston£660,0004
PR2 5NZSilver Birches, GrimsarghPreston£638,6663
PR2 9SXThe Pines, Midgery LanePreston£623,0063
PR2 3LNGarstang Road, FulwoodPreston£620,0003
PR2 8DAFulwood Hall Lane, FulwoodPreston£536,6663

Least Expensive Streets in PR2 (Preston)

PostcodeStreetAreaAverageNo. of Sales
PR2 3XRBarmouth Court, Cromer PlacePreston£28,1188
PR2 6EGGlenview Court, RibbletonPreston£28,7333
PR2 6PGHolland Lodge, Grange AvenuePreston£30,52114
PR2 6PFElston Lodge, Grange AvenuePreston£39,60010
PR2 7ENGolf View, IngolPreston£46,7504
PR2 6FNSaddle Lodge, Fir Trees PlacePreston£48,0905
PR2 8GHThe Paddock, FulwoodPreston£55,2494
PR2 7EQHanover Court, IngolPreston£55,75010
PR2 1TLCharlesway Court, LeaPreston£56,38013
PR2 8EXGuardian Close, Poole RoadPreston£57,84010

Explore PR2 (Preston) using map

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