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House Prices in PR5

The average house price in PR5 (Preston) is £175,996 using HM Land Registry data.

The average property price increased by £33,389 (20.74%) over the last 5 years and increased by £6,690 (3.24%) over the last 12 months.

Over the last year, there were 397 residential property sales – a decrease of 211 transactions (-53.15%) relative to the previous year. The majority of house sales (117) were in the £138,000 - £176,000 range. Then came properties in the £176,000 - £214,000 range, where 78 were sold within this price bracket.

Excluding fall throughs, properties are taking an average of 74 days to sell (from being listed to completion) and the average difference between asking and sold prices is £-8,534 (-4%).

In Oct 24, there were 104 new estate agency instructions, 82 agreed home sales and 55 property price reductions.

5-Year Average Property Prices in PR5 (Preston)

20.74%

Property prices in Preston increased by 20.74% 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 PR5 (Preston) Over the Last Year

3.24%

Property prices in Preston increased by 3.24% 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 PR5 (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 PR5 (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 PR5 (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 PR5 (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 PR5 (Preston) Postcode since 1995

Using HM Land Registry data, this chart displays average annual house prices in the PR5 postcode area since 1995.

Recent Sales in PR5 (Preston)

Address	Initial Price	Sold Price	Price Change	First Listed Date	Sold Date	Days to Sell
20 Grenville Avenue, Walton Le Dale, Preston, Lancashire, PR5 4UA	£184,950	£175,000	-£9,950	24 Nov 2023	19 Aug 2024	269 Days
115 Coniston Drive, Walton Le Dale, Preston, Lancashire, PR5 4RQ	£159,950	£155,000	-£4,950	14 Aug 2024	19 Aug 2024	5 Days
9 Mayfield Avenue, Lostock Hall, Preston, Lancashire, PR5 5XL	£209,950	£199,950	-£10,000	17 Oct 2023	16 Aug 2024	304 Days
96 Holland House Road, Walton Le Dale, Preston, Lancashire, PR5 4HY	£170,000	£170,000	£00	23 May 2024	15 Aug 2024	84 Days
28 Lostock View, Lostock Hall, Preston, Lancashire, PR5 5LR	£145,000	£145,000	£00	31 May 2024	12 Aug 2024	73 Days
27 Bluebell Way, Bamber Bridge, Preston, Lancashire, PR5 6XQ	£335,000	£335,000	£00	23 Feb 2024	12 Aug 2024	171 Days
144 Todd Lane North, Lostock Hall, Preston, Lancashire, PR5 5UN	£230,000	£227,500	-£2,500	16 May 2024	09 Aug 2024	85 Days
50 Fareham Close, Walton Le Dale, Preston, Lancashire, PR5 4JX	£114,950	£114,950	£00	26 Dec 2023	31 Jul 2024	218 Days
30 Marlborough Drive, Walton Le Dale, Preston, Lancashire, PR5 4QT	£155,000	£153,000	-£2,000	27 Mar 2024	29 Jul 2024	124 Days
16 Lark Hill, Higher Walton, Preston, Lancashire, PR5 4DS	£145,000	£145,000	£00	06 Feb 2024	26 Jul 2024	171 Days
34 Bluebell Way, Bamber Bridge, Preston, Lancashire, PR5 6XQ	£400,000	£350,000	-£50,000	12 Feb 2024	25 Jul 2024	164 Days
3 Lady Place, Walton Le Dale, Preston, Lancashire, PR5 4HP	£125,000	£120,000	-£5,000	02 Oct 2023	12 Jul 2024	284 Days
11 Shop Lane, Higher Walton, Preston, Lancashire, PR5 4DA	£192,000	£190,000	-£2,000	26 Feb 2024	04 Jul 2024	129 Days
9 Boegrave Avenue, Lostock Hall, Preston, Lancashire, PR5 5JN	£169,950	£164,000	-£5,950	25 Mar 2024	03 Jul 2024	100 Days
32 Windsor Road, Walton Le Dale, Preston, Lancashire, PR5 4QE	£189,950	£175,000	-£14,950	16 Jan 2024	01 Jul 2024	167 Days
10 Knot Lane, Walton Le Dale, Preston, Lancashire, PR5 4BQ	£375,000	£320,000	-£55,000	10 Nov 2023	28 Jun 2024	231 Days
75 Barleyfield, Bamber Bridge, Preston, Lancashire, PR5 8JJ	£99,950	£92,000	-£7,950	27 Feb 2024	26 Jun 2024	120 Days
14 Withy Trees Avenue, Bamber Bridge, Preston, Lancashire, PR5 6NS	£199,950	£195,000	-£4,950	03 Apr 2024	21 Jun 2024	79 Days
47 Withy Trees Avenue, Bamber Bridge, Preston, Lancashire, PR5 6NR	£235,000	£235,000	£00	02 Jan 2024	17 Jun 2024	167 Days
14 Beechill Close, Walton Le Dale, Preston, Lancashire, PR5 4LF	£170,000	£170,000	£00	07 Jun 2024	14 Jun 2024	7 Days

Most Expensive Streets in PR5 (Preston)

Postcode	Street	Area	Average	No. of Sales
PR5 6AN	Kellet Lane, Bamber Bridge	Preston	£497,500	6
PR5 6YR	Bank Head Lane, Bamber Bridge	Preston	£483,333	3
PR5 0SP	Bolton Road, Hoghton	Preston	£463,750	4
PR5 0DD	The Croft, Hoghton	Preston	£441,375	4
PR5 4NQ	Loxwood Close, Walton Le Dale	Preston	£434,000	3
PR5 0UP	Preston New Road, Samlesbury	Preston	£430,875	4
PR5 0UQ	Nabs Head Lane, Samlesbury	Preston	£427,600	5
PR5 0AB	Bankhead Lane, Hoghton	Preston	£389,280	9
PR5 4ET	Old Paddock Gardens, Higher Walton	Preston	£387,570	14
PR5 0SE	Viaduct Road, Hoghton	Preston	£374,916	6

Least Expensive Streets in PR5 (Preston)

Postcode	Street	Area	Average	No. of Sales
PR5 5UZ	The Pickerings, Lostock Hall	Preston	£67,741	6
PR5 5NH	Lonsdale Mews, Lostock Hall	Preston	£79,526	3
PR5 6ET	Duke Street, Bamber Bridge	Preston	£94,000	3
PR5 6LQ	Oxford Road, Bamber Bridge	Preston	£94,875	4
PR5 6GA	Brandiforth Street, Bamber Bridge	Preston	£96,486	11
PR5 5JA	King Street, Lostock Hall	Preston	£98,333	3
PR5 5BJ	Moss Street, Lostock Hall	Preston	£99,306	8
PR5 5SA	Leyland Road, Lostock Hall	Preston	£100,125	4
PR5 6QB	School Street, Bamber Bridge	Preston	£100,600	5
PR5 6TY	Carr Street, Bamber Bridge	Preston	£101,166	3