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Preston House Prices Preston House Prices

The average house price in Preston is £138,894 using HM Land Registry data.

The average property price increased by £30,141 (24.92%) over the last 5 years and increased by £6,025 (4.15%) over the last 12 months.

Over the last year, there were 757 residential property sales – a decrease of 368 transactions (-48.61%) relative to the previous year. The majority of house sales (232) were in the £110,000 - £140,000 range. Then came properties in the £80,000 - £110,000 range, where 155 were sold within this price bracket.

Excluding fall throughs, properties are taking an average of 100 days to sell (from being listed to completion) and the average difference between asking and sold prices is £-8,456 (-3%).

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

Neighbouring Areas: Fulwood, Cottam, Penwortham, Bamber Bridge

Postcodes Covered: PR1, PR2, PR3, PR4

5-Year Average Property Prices in Preston

24.92%

Property prices in Preston increased by 24.92% 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 Preston Over the Last Year

4.15%

Property prices in Preston increased by 4.15% 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 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 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 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 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 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 Preston since 1995

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

Recent Property Sales in Preston

AddressInitial PriceSold PricePrice ChangeFirst Listed DateSold DateDays to Sell
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
12 Wellington Street, Preston, Lancashire, PR1 8TP£139,950£138,000-£1,95027 Mar 202416 Aug 2024142 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
11 Rose Lea, Fulwood, Preston, Lancashire, PR2 9LB£172,000£169,000-£3,00019 Apr 202406 Aug 2024109 Days
12 Salisbury Road, Preston, Lancashire, PR1 8PS£140,000£138,000-£2,00015 Apr 202406 Aug 2024113 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
Flat 8, Holland Lodge, Grange Avenue, Ribbleton, Preston, Lancashire, PR2 6PG£35,000£32,000-£3,00001 Nov 202301 Aug 2024274 Days
59 Mountbatten Close, Ashton On Ribble, Preston, Lancashire, PR2 2YJ£125,000£114,000-£11,00026 Jan 202431 Jul 2024187 Days
39 Grimshaw Place, Preston, Lancashire, PR1 3BW£74,995£74,695-£30010 Apr 202431 Jul 2024112 Days
4 Colenso Road, Ashton On Ribble, Preston, Lancashire, PR2 2LL£140,000£135,000-£5,00018 Apr 202429 Jul 2024102 Days
612 Blackpool Road, Ashton On Ribble, Preston, Lancashire, PR2 1SE£300,000£300,000£0002 Apr 202426 Jul 2024115 Days
36 Teil Green, Fulwood, Preston, Lancashire, PR2 9PD£395,000£372,500-£22,50026 Oct 202323 Jul 2024271 Days
46 Elliott Street, Preston, Lancashire, PR1 7XN£85,000£85,000£0018 Dec 202322 Jul 2024217 Days
22 Charnock Street, Preston, Lancashire, PR1 6DR£140,000£125,000-£15,00012 Mar 202419 Jul 2024129 Days
49 Beamont Drive, Preston, Lancashire, PR1 8UN£90,000£85,000-£5,00027 Feb 202419 Jul 2024143 Days
10 Norcross Place, Ashton On Ribble, Preston, Lancashire, PR2 1LP£120,000£120,000£0006 Mar 202418 Jul 2024134 Days
29 Waterloo Terrace, Ashton On Ribble, Preston, Lancashire, PR2 1DA£125,000£125,000£0026 Mar 202416 Jul 2024112 Days

Most Expensive Streets in Preston

PostcodeStreetAreaAverageNo. of Sales
PR2 3AFRoyal DriveFulwood£1,312,84316
PR2 9SXThe PinesMidgery Lane£623,0063
PR2 9NLEton ParkFulwood£469,5833
PR2 5RUFulwood RowFulwood£436,2504
PR2 9UFWilliams LaneFulwood£389,18316
PR2 1ALEgerton RoadAshton On Ribble£372,60010
PR2 9UTWilliams LaneFulwood£361,06913
PR2 1DTVictoria ParadeAshton On Ribble£347,4005
PR2 1AJEgerton RoadAshton On Ribble£333,0004
PR2 1HJMulgrave AvenueAshton On Ribble£322,5005

Least Expensive Streets in Preston

PostcodeStreetAreaAverageNo. of Sales
PR1 4YJConway HouseSamuel Street, Preston£27,6258
PR2 6EGGlenview CourtRibbleton£28,7333
PR1 4YLSevern HouseSamuel Street, Preston£30,3336
PR2 6PGHolland LodgeGrange Avenue£30,52114
PR1 4YHAvon HouseSamuel Street, Preston£36,7857
PR2 6PFElston LodgeGrange Avenue£39,60010
PR1 3YRAbram HouseManchester Road£41,7503
PR2 6FNSaddle LodgeFir Trees Place£48,0905
PR1 3SESandown CourtAvenham Lane£49,3163
PR1 5JQCentenary Mill CourtNew Hall Lane£49,43716

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