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House Prices in PR4

The average house price in PR4 (Preston) is £283,675 using HM Land Registry data.

The average property price increased by £57,615 (38.52%) over the last 5 years and increased by £11,518 (5.36%) over the last 12 months.

Over the last year, there were 688 residential property sales – a decrease of 670 transactions (-97.38%) relative to the previous year. The majority of house sales (175) were in the £198,000 - £266,000 range. Then came properties in the £130,000 - £198,000 range, where 160 were sold within this price bracket.

Excluding fall throughs, properties are taking an average of 48 days to sell (from being listed to completion) and the average difference between asking and sold prices is £-9,212 (-3%).

In June 2024, there were 217 new estate agency instructions, 113 agreed home sales and 114 property price reductions.

5-Year Average Property Prices in PR4 (Preston)

38.52%

Property prices in Preston increased by 38.52% 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 PR4 (Preston) Over the Last Year

5.36%

Property prices in Preston increased by 5.36% 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 PR4 (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 41 to 60 days, the broad evidence suggests that the market is reasonably slow moving. Although some sellers in your postcode may be willing to wait up to 9 weeks, this data would suggest that estate agents may be overvaluing properties. In such scenarios, some vendors may either choose to wait for the market to pick up (which may result in 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 PR4 (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 PR4 (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 PR4 (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 PR4 (Preston) Postcode since 1995

Using HM Land Registry data, this chart displays average annual house prices in the PR4 postcode area since 1995.

Recent Sales in PR4 (Preston)

Address	Initial Price	Sold Price	Price Change	First Listed Date	Sold Date	Days to Sell
50 Marsden Street, Kirkham, Preston, Lancashire, PR4 2TH	£125,000	£122,500	-£2,500	19 Mar 2024	07 May 2024	49 Days
33 Rydal Avenue, Freckleton, Preston, Lancashire, PR4 1DJ	£240,000	£237,000	-£3,000	19 Jan 2024	03 May 2024	105 Days
37 Tabby Nook, Mere Brow, Preston, Lancashire, PR4 6LA	£280,000	£280,000	£00	26 Oct 2023	01 May 2024	188 Days
5 Pinfold, Longton, Preston, Lancashire, PR4 5AE	£325,000	£307,650	-£17,350	14 Sep 2023	01 May 2024	230 Days
23 Marsh Lane, Longton, Preston, Lancashire, PR4 5ZJ	£415,000	£388,000	-£27,000	30 Jun 2023	01 May 2024	306 Days
1 Ribby Avenue, Wrea Green, Preston, Lancashire, PR4 2ND	£265,000	£242,500	-£22,500	08 Sep 2023	26 Apr 2024	231 Days
18 Briar Croft, Longton, Preston, Lancashire, PR4 5ZF	£510,000	£498,000	-£12,000	26 Jul 2023	26 Apr 2024	275 Days
4 Lamaleach Drive, Freckleton, Preston, Lancashire, PR4 1AJ	£199,999	£194,000	-£5,999	23 Sep 2023	26 Apr 2024	216 Days
1 Linden Fold, Elswick, Preston, Lancashire, PR4 3YF	£410,000	£390,000	-£20,000	06 Jun 2023	26 Apr 2024	325 Days
25 The Chase, Cottam, Preston, Lancashire, PR4 0NT	£275,000	£270,000	-£5,000	19 Oct 2023	26 Apr 2024	190 Days
17 Stiles Avenue, Hutton, Preston, Lancashire, PR4 5FL	£279,950	£270,000	-£9,950	05 Apr 2024	24 Apr 2024	19 Days
14 Bakers Mews, Tarleton, Preston, Lancashire, PR4 6LS	£210,000	£210,000	£00	22 Jan 2024	19 Apr 2024	88 Days
15 Chapel Meadows, Tarleton, Preston, Lancashire, PR4 6WA	£208,000	£205,000	-£3,000	06 Jun 2023	17 Apr 2024	316 Days
13 Thornfield, Much Hoole, Preston, Lancashire, PR4 4HE	£199,950	£190,000	-£9,950	05 Dec 2023	12 Apr 2024	129 Days
31 Clifford Avenue, Longton, Preston, Lancashire, PR4 5BJ	£259,950	£245,000	-£14,950	26 Jan 2024	12 Apr 2024	77 Days
212 Hesketh Lane, Tarleton, Preston, Lancashire, PR4 6AT	£220,000	£212,000	-£8,000	25 Jan 2024	11 Apr 2024	77 Days
24 Chestnut Drive, Elswick, Preston, Lancashire, PR4 3GP	£440,000	£422,000	-£18,000	15 Aug 2023	05 Apr 2024	234 Days
177 Chapel Lane, Longton, Preston, Lancashire, PR4 5NA	£295,000	£280,000	-£15,000	20 Nov 2023	28 Mar 2024	129 Days
72 Lytham Road, Warton, Preston, Lancashire, PR4 1XD	£298,950	£290,000	-£8,950	08 Sep 2023	28 Mar 2024	202 Days
56 Newgate Lane, Whitestake, Preston, Lancashire, PR4 4JU	£695,000	£695,000	£00	07 Feb 2024	28 Mar 2024	50 Days

Most Expensive Streets in PR4 (Preston)

Postcode	Street	Area	Average	No. of Sales
PR4 3PN	Ballam Road, Westby	Preston	£923,800	5
PR4 4BF	Meadowcroft Gardens, Whitestake	Preston	£917,187	8
PR4 0FT	Edgewater Oaks, Lea Town	Preston	£855,833	6
PR4 1TN	Bryning Lane, Warton	Preston	£665,863	3
PR4 2WQ	Dubside, Wrea Green	Preston	£665,000	4
PR4 0FW	Luna Close, Lower Bartle	Preston	£641,666	3
PR4 6AL	Boundary Meanygate, Hesketh Bank	Preston	£621,066	3
PR4 5TF	Collinwood Gardens, Hutton	Preston	£613,000	3
PR4 0TH	Cinder Lane, Woodplumpton	Preston	£593,428	7
PR4 3PA	Singleton Road, Weeton	Preston	£576,358	4

Least Expensive Streets in PR4 (Preston)

Postcode	Street	Area	Average	No. of Sales
PR4 1BH	Church Gardens, Warton	Preston	£66,500	3
PR4 1RG	Mason Close, Freckleton	Preston	£78,729	17
PR4 3FD	Pear Tree Close, Wesham	Preston	£96,500	8
PR4 2UN	Stanley Street, Kirkham	Preston	£96,875	4
PR4 2TL	Clegg Street, Kirkham	Preston	£98,666	3
PR4 3AW	Windmill View, Wesham	Preston	£101,209	6
PR4 3AR	Porter Street East, Wesham	Preston	£101,416	6
PR4 2JB	Smith Street, Kirkham	Preston	£103,500	4
PR4 2SN	Freckleton Street, Kirkham	Preston	£103,821	7
PR4 2HW	Crown Mews, Kirkham	Preston	£104,161	9