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House Prices in PR5 House Prices in PR5 (Preston)

The average house price in PR5 (Preston) is £193,930 using HM Land Registry data.

The average property price increased by £29,268 (20.74%) over the last 5 years and increased by £5,864 (3.24%) over the last 12 months.

Over the last year, there were 461 residential property sales – a decrease of 129 transactions (-27.98%) relative to the previous year. The majority of house sales (127) were in the £146,000 - £182,000 range. Then came properties in the £182,000 - £218,000 range, where 83 were sold within this price bracket.

Excluding fall throughs, properties are taking an average of 83 days to sell (from being listed to completion) and the average difference between asking and sold prices is £-6,854 (-3%).

In December 2024, there were 39 new estate agency instructions, 37 agreed home sales and 17 property price reductions.

Nearby Postcodes: BB1, BB2, BB3, BL6, BL7, FY3, FY4, FY6, FY8, L40, PR1, PR2, PR25, PR26, PR3, PR4, PR6, PR7, PR9

5-Year Average Property Prices in PR5 (Preston)

20.74%

Property prices in PR5 (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 PR5 (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.

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 PR5 (Preston) - December 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 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 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)

AddressInitial PriceSold PricePrice ChangeFirst Listed DateSold DateDays to Sell
52 Windsor Road, Walton Le Dale, Preston, Lancashire, PR5 4GE£160,000£151,000-£9,00005 Jun 202427 Nov 2024175 Days
130 Holland House Road, Walton Le Dale, Preston, Lancashire, PR5 4HY£220,000£210,000-£10,00009 Apr 202422 Nov 2024227 Days
16 Edward Street, Walton Le Dale, Preston, Lancashire, PR5 4BY£129,950£126,000-£3,95029 Apr 202414 Nov 2024199 Days
70 Todd Lane North, Lostock Hall, Preston, Lancashire, PR5 5UQ£229,950£225,000-£4,95008 Jul 202412 Nov 2024127 Days
17 Sephton Street, Lostock Hall, Preston, Lancashire, PR5 5RP£145,000£145,000£007 May 202408 Nov 2024185 Days
86 Higher Walton Road, Walton Le Dale, Preston, Lancashire, PR5 4HR£295,000£295,000£001 Aug 202408 Nov 202499 Days
12 Woodhall Crescent, Hoghton, Preston, Lancashire, PR5 0HJ£249,950£249,950£016 May 202408 Nov 2024176 Days
58 Lady Acre, Bamber Bridge, Preston, Lancashire, PR5 6XN£135,000£130,000-£5,00002 Jul 202401 Nov 2024122 Days
2 Manby Close, Hoghton, Preston, Lancashire, PR5 0EL£285,000£262,500-£22,50028 Jun 202431 Oct 2024125 Days
17 Pear Tree Crescent, Walton Le Dale, Preston, Lancashire, PR5 4RD£180,000£165,000-£15,00023 Apr 202431 Oct 2024191 Days
18 Bluebell Way, Bamber Bridge, Preston, Lancashire, PR5 6XQ£325,000£325,000£010 May 202431 Oct 2024174 Days
65 Lostock View, Lostock Hall, Preston, Lancashire, PR5 5LS£144,950£142,400-£2,55002 Jul 202430 Oct 2024120 Days
129 Hoghton Lane, Higher Walton, Preston, Lancashire, PR5 4EH£185,000£181,000-£4,00017 Apr 202430 Oct 2024196 Days
20 Grenville Avenue, Walton Le Dale, Preston, Lancashire, PR5 4UA£184,950£175,000-£9,95024 Nov 202319 Aug 2024269 Days
115 Coniston Drive, Walton Le Dale, Preston, Lancashire, PR5 4RQ£159,950£155,000-£4,95014 Aug 202419 Aug 20245 Days
9 Mayfield Avenue, Lostock Hall, Preston, Lancashire, PR5 5XL£209,950£199,950-£10,00017 Oct 202316 Aug 2024304 Days
96 Holland House Road, Walton Le Dale, Preston, Lancashire, PR5 4HY£170,000£170,000£023 May 202415 Aug 202484 Days
28 Lostock View, Lostock Hall, Preston, Lancashire, PR5 5LR£145,000£145,000£031 May 202412 Aug 202473 Days
27 Bluebell Way, Bamber Bridge, Preston, Lancashire, PR5 6XQ£335,000£335,000£023 Feb 202412 Aug 2024171 Days
144 Todd Lane North, Lostock Hall, Preston, Lancashire, PR5 5UN£230,000£227,500-£2,50016 May 202409 Aug 202485 Days

Most Expensive Streets in PR5 (Preston)

PostcodeStreetAreaAverageNo. of Sales
PR5 0SPBolton Road, HoghtonPreston£507,5004
PR5 6ANKellet Lane, Bamber BridgePreston£497,5006
PR5 6YRBank Head Lane, Bamber BridgePreston£483,3333
PR5 0DDThe Croft, HoghtonPreston£476,1005
PR5 4NQLoxwood Close, Walton Le DalePreston£434,0003
PR5 0UPPreston New Road, SamlesburyPreston£430,8754
PR5 0UQNabs Head Lane, SamlesburyPreston£427,6005
PR5 0ABBankhead Lane, HoghtonPreston£389,2809
PR5 0SEViaduct Road, HoghtonPreston£374,9166
PR5 4ETOld Paddock Gardens, Higher WaltonPreston£374,18011

Least Expensive Streets in PR5 (Preston)

PostcodeStreetAreaAverageNo. of Sales
PR5 5UZThe Pickerings, Lostock HallPreston£67,7416
PR5 5NHLonsdale Mews, Lostock HallPreston£79,5263
PR5 6ETDuke Street, Bamber BridgePreston£94,0003
PR5 6LQOxford Road, Bamber BridgePreston£94,8754
PR5 6GABrandiforth Street, Bamber BridgePreston£96,48611
PR5 5SALeyland Road, Lostock HallPreston£97,8333
PR5 5JAKing Street, Lostock HallPreston£98,3333
PR5 5BJMoss Street, Lostock HallPreston£99,3068
PR5 6QBSchool Street, Bamber BridgePreston£100,6005
PR5 6QESchool Lane, Bamber BridgePreston£100,6254

Explore PR5 (Preston) using map

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