You are here: Property Solvers Home Homeowners Hub UK House Prices House Prices in PR1

House Prices in PR1

The average house price in PR1 (Preston) is £178,045 using HM Land Registry data.

The average property price increased by £29,075 (48.29%) over the last 5 years and increased by £5,826 (6.33%) over the last 12 months.

Over the last year, there were 596 residential property sales – a decrease of 131 transactions (-21.98%) relative to the previous year. The majority of house sales (150) were in the £70,000 - £120,000 range. Then came properties in the £120,000 - £170,000 range, where 148 were sold within this price bracket.

Excluding fall throughs, properties are taking an average of 170 days to sell (from being listed to completion) and the average difference between asking and sold prices is £-7,339 (-3%).

In March 2025, there were 117 new estate agency instructions, 86 agreed home sales and 44 property price reductions.

5-Year Average Property Prices in PR1 (Preston)

48.29%

Property prices in PR1 (Preston) increased by 48.29% 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 PR1 (Preston) Over the Last Year

6.33%

Property prices in PR1 (Preston) increased by 6.33% 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 PR1 (Preston) - March 2025

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 PR1 (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 PR1 (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 PR1 (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 PR1 (Preston) Postcode since 1995

Using HM Land Registry data, this chart displays average annual house prices in the PR1 postcode area since 1995.

Recent Sales in PR1 (Preston)

Address	Initial Price	Sold Price	Price Change	First Listed Date	Sold Date	Days to Sell
21 Gaskell Road, Penwortham, Preston, Lancashire, PR1 9RJ	£175,000	£170,000	-£5,000	11 Oct 2024	24 Feb 2025	136 Days
59 Howick Park Drive, Penwortham, Preston, Lancashire, PR1 0LX	£240,000	£240,000	£0	28 Nov 2024	13 Feb 2025	77 Days
15 Otway Street, Preston, Lancashire, PR1 7XB	£109,500	£103,000	-£6,500	23 Jan 2025	10 Feb 2025	18 Days
24 Osborne Street, Preston, Lancashire, PR1 8PN	£180,000	£172,500	-£7,500	19 Jun 2024	10 Feb 2025	236 Days
29 Hawkhurst Road, Penwortham, Preston, Lancashire, PR1 9QS	£190,000	£185,000	-£5,000	01 Oct 2024	30 Jan 2025	121 Days
110 Fishwick View, Preston, Lancashire, PR1 4QS	£100,000	£95,000	-£5,000	05 Sep 2024	17 Jan 2025	134 Days
5 Hall Road, Penwortham, Preston, Lancashire, PR1 9JL	£209,950	£199,000	-£10,950	18 Jul 2024	10 Jan 2025	176 Days
20 Delaware Street, Preston, Lancashire, PR1 5XT	£90,000	£75,000	-£15,000	11 Jul 2024	09 Jan 2025	182 Days
12 Ringwood Road, Preston, Lancashire, PR1 6XP	£95,000	£85,000	-£10,000	22 Nov 2013	23 Dec 2024	4049 Days
94 Wellington Street, Preston, Lancashire, PR1 8TR	£95,000	£83,000	-£12,000	06 Aug 2024	20 Dec 2024	136 Days
5 Osborne Street, Preston, Lancashire, PR1 8PN	£175,000	£172,000	-£3,000	16 Jul 2024	18 Dec 2024	155 Days
6 Brydeck Avenue, Penwortham, Preston, Lancashire, PR1 9QL	£180,000	£180,000	£0	19 Aug 2024	16 Dec 2024	119 Days
54 Oban Crescent, Preston, Lancashire, PR1 6ET	£235,000	£233,000	-£2,000	04 Oct 2024	13 Dec 2024	70 Days
17 Greencroft, Penwortham, Preston, Lancashire, PR1 9LA	£230,000	£225,000	-£5,000	31 Jan 2024	09 Dec 2024	313 Days
32 Mayflower Avenue, Penwortham, Preston, Lancashire, PR1 0LJ	£240,000	£238,000	-£2,000	30 Apr 2024	06 Dec 2024	220 Days
8 Dalby Close, Preston, Lancashire, PR1 6EU	£249,995	£249,995	£0	19 Aug 2024	05 Dec 2024	108 Days
18 Acorn Close, Penwortham, Preston, Lancashire, PR1 0UQ	£230,000	£225,000	-£5,000	03 Jun 2024	03 Dec 2024	183 Days
1 Cinnamon Court, Penwortham, Preston, Lancashire, PR1 9BU	£149,950	£144,000	-£5,950	22 Aug 2024	03 Dec 2024	103 Days
42 Central Drive, Penwortham, Preston, Lancashire, PR1 0NL	£379,950	£375,000	-£4,950	05 Jul 2024	29 Nov 2024	147 Days
Mortehoe, Marshalls Brow, Penwortham, Preston, Lancashire, PR1 9JA	£295,000	£295,000	£0	08 Jun 2024	29 Nov 2024	174 Days

Most Expensive Streets in PR1 (Preston)

Postcode	Street	Area	Average	No. of Sales
PR1 9XH	Hill Road, Penwortham	Preston	£857,883	6
PR1 0AE	Hollinhurst Avenue, Penwortham	Preston	£522,000	4
PR1 0JU	Wentworth Close, Penwortham	Preston	£448,333	3
PR1 0QL	Parklands Avenue, Penwortham	Preston	£444,666	3
PR1 0BN	Round Wood, Penwortham	Preston	£438,428	7
PR1 9BD	Hurst Park, Penwortham	Preston	£430,833	3
PR1 0DS	Queensway, Penwortham	Preston	£414,316	3
PR1 0XF	Moorside Drive, Penwortham	Preston	£397,600	5
PR1 9AJ	Glenway, Penwortham	Preston	£391,750	4
PR1 0BJ	Kingsway, Penwortham	Preston	£391,250	4

Least Expensive Streets in PR1 (Preston)

Postcode	Street	Area	Average	No. of Sales
PR1 4YJ	Conway House, Samuel Street, Preston	Preston	£27,625	8
PR1 4YL	Severn House, Samuel Street, Preston	Preston	£30,583	6
PR1 4YH	Avon House, Samuel Street, Preston	Preston	£34,749	8
PR1 3SE	Sandown Court, Avenham Lane	Preston	£49,316	3
PR1 5JH	Centenary Mill Court, New Hall Lane	Preston	£49,562	4
PR1 2NL	Lune Street	Preston	£50,500	5
PR1 3UQ	Sandown Court, Avenham Lane	Preston	£51,200	5
PR1 3RS	Sandown Court, Avenham Lane	Preston	£51,600	5
PR1 5JQ	Centenary Mill Court, New Hall Lane	Preston	£52,625	12
PR1 4UE	Devonshire Place	Preston	£54,333	3