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House Prices in PR3 House Prices in PR3 (Preston)

The average house price in PR3 (Preston) is £255,548 using HM Land Registry data.

The average property price increased by £32,142 (17.67%) over the last 5 years and increased by £6,440 (2.82%) over the last 12 months.

Over the last year, there were 460 residential property sales – a decrease of 265 transactions (-57.61%) relative to the previous year. The majority of house sales (101) were in the £140,000 - £206,000 range. Then came properties in the £206,000 - £272,000 range, where 95 were sold within this price bracket.

Excluding fall throughs, properties are taking an average of 130 days to sell (from being listed to completion) and the average difference between asking and sold prices is £-13,592 (-4%).

In Dec 24, there were 81 new estate agency instructions, 50 agreed home sales and 38 property price reductions.

Nearby Postcodes: BB1, BB10, BB11, BB12, BB18, BB2, BB3, BB4, BB5, BB6, BB7, BB8, BB9, BD20, BD23, BD24, CA11, CA12, CA18, CA19, CA20, FY2, FY3, FY4, FY5, FY6, FY7, FY8, HX7, L40, LA1, LA11, LA12, LA17, LA18, LA19, LA2, LA20, LA21, LA22, LA23, LA3, LA4, LA5, LA6, LA8, OL13, OL14, PR1, PR2, PR25, PR26, PR4, PR5, PR6, PR7, PR9

5-Year Average Property Prices in PR3 (Preston)

17.67%

Property prices in Preston increased by 17.67% 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 PR3 (Preston) Over the Last Year

2.82%

Property prices in Preston increased by 2.82% 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 PR3 (Preston) - Dec 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 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 PR3 (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 PR3 (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 PR3 (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 PR3 (Preston) Postcode since 1995

Using HM Land Registry data, this chart displays average annual house prices in the PR3 postcode area since 1995.

Recent Sales in PR3 (Preston)

AddressInitial PriceSold PricePrice ChangeFirst Listed DateSold DateDays to Sell
57 Norton Road, Cabus, Preston, Lancashire, PR3 1JX£220,000£204,000-£16,00011 Apr 202408 Nov 2024211 Days
Rose Cottage, Station Lane, Barton, Preston, Lancashire, PR3 5DY£300,000£285,000-£15,00027 Jun 202408 Nov 2024134 Days
34 Lee Street, Longridge, Preston, Lancashire, PR3 3EN£149,950£145,000-£4,95006 Aug 202401 Nov 202487 Days
23 Lee Street, Longridge, Preston, Lancashire, PR3 3EN£119,950£112,000-£7,95012 Mar 202428 Oct 2024230 Days
4 Green Acre, Goosnargh, Preston, Lancashire, PR3 2BQ£290,000£270,000-£20,00001 Jun 202425 Oct 2024146 Days
35 Pennine Way, Great Eccleston, Preston, Lancashire, PR3 0YS£242,500£232,500-£10,00005 Jun 202425 Oct 2024142 Days
5 Rutland Close, Garstang, Preston, Lancashire, PR3 1DY£385,000£385,000£0017 May 202423 Oct 2024159 Days
27 Goldfinch Drive, Catterall, Preston, Lancashire, PR3 1TR£124,950£122,550-£2,40002 May 202421 Oct 2024172 Days
1 Wheatley Drive, Longridge, Preston, Lancashire, PR3 3TT£174,950£152,000-£22,95004 Jun 202418 Oct 2024136 Days
29 Beacon Drive, Goosnargh, Preston, Lancashire, PR3 2BA£225,000£225,000£0031 May 202417 Oct 2024139 Days
112 Dorchester Road, Garstang, Preston, Lancashire, PR3 1EE£295,000£285,000-£10,00024 May 202416 Oct 2024145 Days
1 Lune Street, Longridge, Preston, Lancashire, PR3 3RP£134,950£134,950£0006 Aug 202414 Oct 202469 Days
2 George Street, Longridge, Preston, Lancashire, PR3 3NN£140,000£138,000-£2,00022 Apr 202416 Aug 2024116 Days
7 High Street, Great Eccleston, Preston, Lancashire, PR3 0YB£325,000£307,000-£18,00018 Apr 202415 Aug 2024119 Days
11 Derbyshire Avenue, Garstang, Preston, Lancashire, PR3 1DX£340,000£315,000-£25,00020 Jun 202312 Aug 2024419 Days
21 Humber Street, Longridge, Preston, Lancashire, PR3 3WD£200,000£196,000-£4,00021 Feb 202412 Aug 2024173 Days
816 Whittingham Lane, Goosnargh, Preston, Lancashire, PR3 2AY£319,950£319,950£0002 Dec 202308 Aug 2024250 Days
Pear Tree Gate, Stony Lane, Forton, Preston, Lancashire, PR3 1DE£375,000£363,000-£12,00010 May 202431 Jul 202482 Days
15 Duckworth Drive, Catterall, Preston, Lancashire, PR3 1YS£275,000£260,000-£15,00001 Mar 202424 Jul 2024145 Days
Sunbreak, Garstang Road, Barton, Preston, Lancashire, PR3 5AD£425,000£420,000-£5,00013 Feb 202422 Jul 2024160 Days

Most Expensive Streets in PR3 (Preston)

PostcodeStreetAreaAverageNo. of Sales
PR3 2EEAshley Lane, GoosnarghPreston£904,1663
PR3 5BUChancel Court, BroughtonPreston£760,0003
PR3 1ZECalder House Lane, BowgreavePreston£733,3333
PR3 0BZThe Rushes, Little EcclestonPreston£733,3333
PR3 2ERBleasdale Road, WhitechapelPreston£720,0003
PR3 3ZBDilworth Bottoms, RibchesterPreston£693,3333
PR3 6BLLancaster Road, Out RawcliffePreston£662,5304
PR3 0PACatterall Lane, CatterallPreston£645,0006
PR3 0XDBrock Road, Great EcclestonPreston£644,1663
PR3 2JSLangley Lane, GoosnarghPreston£635,0004

Least Expensive Streets in PR3 (Preston)

PostcodeStreetAreaAverageNo. of Sales
PR3 1XRMill Brook, CatterallPreston£93,1663
PR3 3NPDerby Road, LongridgePreston£103,7005
PR3 3NEMersey Street, LongridgePreston£105,9287
PR3 3ENLee Street, LongridgePreston£107,66612
PR3 3NUHillcrest Avenue, LongridgePreston£110,3754
PR3 1HSThermdale Close, GarstangPreston£110,8754
PR3 3FNChatburn Road, LongridgePreston£112,02211
PR3 3FSSouthern Close, LongridgePreston£113,3333
PR3 3RLMersey Street, LongridgePreston£114,3496
PR3 3JYChapel Hill, LongridgePreston£115,6663

Explore PR3 (Preston) using map

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