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Penwortham House Prices

The average house price in Penwortham is £243,785 using HM Land Registry data.

The average property price increased by £59,522 (29.39%) over the last 5 years and increased by £11,899 (4.76%) over the last 12 months.

Over the last year, there were 214 residential property sales – a decrease of 82 transactions (-38.32%) relative to the previous year. The majority of house sales (48) were in the £180,000 - £230,000 range. Then came properties in the £130,000 - £180,000 range, where 47 were sold within this price bracket.

Excluding fall throughs, properties are taking an average of 66 days to sell (from being listed to completion) and the average difference between asking and sold prices is £-8,975 (-3%).

In June 2024, there were 42 new estate agency instructions, 42 agreed home sales and 13 property price reductions.

5-Year Average Property Prices in Penwortham

29.39%

Property prices in Penwortham increased by 29.39% 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 Penwortham Over the Last Year

4.76%

Property prices in Penwortham increased by 4.76% 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 Penwortham - 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 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 Penwortham

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 Penwortham

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 Penwortham

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 Penwortham since 1995

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

Recent Property Sales in Penwortham

Address	Initial Price	Sold Price	Price Change	First Listed Date	Sold Date	Days to Sell
61 Meadow Bank, Penwortham, Preston, Lancashire, PR1 9BL	£160,000	£155,283	-£4,717	16 Nov 2023	26 Apr 2024	162 Days
Windy Ridge, Studholme Crescent, Penwortham, Preston, Lancashire, PR1 9NH	£285,000	£280,000	-£5,000	22 Jan 2024	26 Apr 2024	95 Days
2 Houghton Road, Penwortham, Preston, Lancashire, PR1 9HS	£220,000	£220,000	£00	07 Sep 2023	16 Apr 2024	222 Days
1 Spring Gardens, Penwortham, Preston, Lancashire, PR1 9LY	£189,950	£189,000	-£950	02 Nov 2023	15 Apr 2024	165 Days
209 Leyland Road, Penwortham, Preston, Lancashire, PR1 9SQ	£189,950	£170,600	-£19,350	22 Aug 2023	09 Apr 2024	231 Days
11 Hurst Park, Penwortham, Preston, Lancashire, PR1 9BD	£450,000	£450,000	£00	27 Sep 2023	01 Mar 2024	156 Days
63 Stanley Grove, Penwortham, Preston, Lancashire, PR1 0JJ	£199,500	£180,000	-£19,500	07 Oct 2023	23 Feb 2024	139 Days
9 Priory Crescent, Penwortham, Preston, Lancashire, PR1 0AL	£375,000	£373,000	-£2,000	10 Jul 2023	23 Feb 2024	228 Days
24 Belgrave Avenue, Penwortham, Preston, Lancashire, PR1 0BH	£230,000	£210,000	-£20,000	30 May 2023	02 Feb 2024	248 Days
2 Carleton Drive, Penwortham, Preston, Lancashire, PR1 0QT	£300,000	£300,000	£00	01 Oct 2023	12 Jan 2024	103 Days
5 Moorside Drive, Penwortham, Preston, Lancashire, PR1 0XF	£475,000	£450,000	-£25,000	15 Sep 2023	10 Jan 2024	117 Days
67 Manor Lane, Penwortham, Preston, Lancashire, PR1 0TA	£325,000	£315,000	-£10,000	14 Aug 2023	10 Jan 2024	149 Days
53 Queensway, Penwortham, Preston, Lancashire, PR1 0DT	£340,000	£337,750	-£2,250	03 Oct 2023	05 Jan 2024	94 Days
10 Marshalls Brow, Penwortham, Preston, Lancashire, PR1 9HY	£165,000	£160,000	-£5,000	24 Aug 2023	20 Dec 2023	118 Days
89 Greencroft, Penwortham, Preston, Lancashire, PR1 9LB	£250,000	£240,000	-£10,000	20 Jul 2023	15 Dec 2023	148 Days
2 Parrock Close, Penwortham, Preston, Lancashire, PR1 9NS	£149,950	£148,950	-£1,000	04 Aug 2023	15 Dec 2023	133 Days
12 Cromwell Road, Penwortham, Preston, Lancashire, PR1 9AT	£260,000	£250,000	-£10,000	18 Aug 2023	08 Dec 2023	112 Days
7 Hollinhurst Avenue, Penwortham, Preston, Lancashire, PR1 0AE	£599,950	£590,000	-£9,950	27 Jul 2023	08 Dec 2023	134 Days
Nelson Farmhouse, Howick Cross Lane, Penwortham, Preston, Lancashire, PR1 0NS	£550,000	£500,000	-£50,000	03 Sep 2023	08 Dec 2023	96 Days
8 Kingshaven Drive, Penwortham, Preston, Lancashire, PR1 9BS	£152,000	£147,000	-£5,000	02 Aug 2023	01 Dec 2023	121 Days

Most Expensive Streets in Penwortham

Postcode	Street	Area	Average	No. of Sales
PR4 4BF	Meadowcroft Gardens	Whitestake	£917,187	8
PR1 9XH	Hill Road	Penwortham	£858,716	6
PR1 0AE	Hollinhurst Avenue	Penwortham	£545,600	5
PR1 0BN	Round Wood	Penwortham	£457,250	4
PR1 0BP	Castle Walk	Penwortham	£437,500	4
PR1 9BD	Hurst Park	Penwortham	£430,833	3
PR1 0QL	Parklands Avenue	Penwortham	£414,125	4
PR1 0BJ	Kingsway	Penwortham	£391,250	4
PR1 0XF	Moorside Drive	Penwortham	£387,000	4
PR1 9AJ	Glenway	Penwortham	£385,400	5

Least Expensive Streets in Penwortham

Postcode	Street	Area	Average	No. of Sales
PR1 9TG	Penwortham Hall Gardens	Penwortham	£82,950	10
PR1 9LL	Rosemary Court	Penwortham	£96,510	7
PR1 9AH	Langdale Court	Cop Lane	£106,537	6
PR1 9DY	Aspinall Close	Penwortham	£108,211	3
PR1 9DN	Kingsfold Drive	Penwortham	£112,900	3
PR1 9HA	Alderfield	Penwortham	£113,333	3
PR1 9HB	Alderfield	Penwortham	£115,000	3
PR1 9QJ	Leyland Road	Penwortham	£116,333	3
PR1 9AE	Cop Lane	Penwortham	£119,900	5
PR1 9DH	Higher Croft	Penwortham	£121,333	3