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Penwortham House Prices Penwortham House Prices

The average house price in Penwortham is £231,676 using HM Land Registry data.

The average property price increased by £63,738 (32.01%) over the last 5 years and increased by £12,738 (5.09%) over the last 12 months.

Over the last year, there were 239 residential property sales – a decrease of 39 transactions (-16.32%) relative to the previous year. The majority of house sales (53) were in the £130,000 - £182,000 range. Then came properties in the £182,000 - £234,000 range, where 52 were sold within this price bracket.

Excluding fall throughs, properties are taking an average of 65 days to sell (from being listed to completion) and the average difference between asking and sold prices is £-8,975 (-3%).

In April 2024, there were 32 new estate agency instructions, 36 agreed home sales and 11 property price reductions.

Neighbouring Areas: Preston, Bamber Bridge, Longton

Postcodes Covered: PR1, PR4

5-Year Average Property Prices in Penwortham

32.01%

Property prices in Penwortham increased by 32.01% 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

5.09%

Property prices in Penwortham increased by 5.09% 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 Penwortham - April 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

AddressInitial PriceSold PricePrice ChangeFirst Listed DateSold DateDays to Sell
11 Hurst Park, Penwortham, Preston, Lancashire, PR1 9BD£450,000£450,000£0027 Sep 202301 Mar 2024156 Days
63 Stanley Grove, Penwortham, Preston, Lancashire, PR1 0JJ£199,500£180,000-£19,50007 Oct 202323 Feb 2024139 Days
9 Priory Crescent, Penwortham, Preston, Lancashire, PR1 0AL£375,000£373,000-£2,00010 Jul 202323 Feb 2024228 Days
24 Belgrave Avenue, Penwortham, Preston, Lancashire, PR1 0BH£230,000£210,000-£20,00030 May 202302 Feb 2024248 Days
5 Moorside Drive, Penwortham, Preston, Lancashire, PR1 0XF£475,000£450,000-£25,00015 Sep 202310 Jan 2024117 Days
67 Manor Lane, Penwortham, Preston, Lancashire, PR1 0TA£325,000£315,000-£10,00014 Aug 202310 Jan 2024149 Days
89 Greencroft, Penwortham, Preston, Lancashire, PR1 9LB£250,000£240,000-£10,00020 Jul 202315 Dec 2023148 Days
12 Cromwell Road, Penwortham, Preston, Lancashire, PR1 9AT£260,000£250,000-£10,00018 Aug 202308 Dec 2023112 Days
8 Kingshaven Drive, Penwortham, Preston, Lancashire, PR1 9BS£152,000£147,000-£5,00002 Aug 202301 Dec 2023121 Days
9 Monks Walk, Penwortham, Preston, Lancashire, PR1 0AQ£410,000£405,000-£5,00027 Jul 202301 Dec 2023127 Days
6 Copper Beeches, Penwortham, Preston, Lancashire, PR1 9EG£165,000£160,000-£5,00003 Jul 202324 Nov 2023144 Days
64 Penwortham Hall Gardens, Penwortham, Preston, Lancashire, PR1 9TG£112,000£112,000£0013 Sep 202321 Nov 202369 Days
28 Hill Road, Penwortham, Preston, Lancashire, PR1 9XH£400,000£397,300-£2,70011 Aug 202317 Nov 202398 Days
19 Pope Lane, Penwortham, Preston, Lancashire, PR1 9JN£325,000£312,500-£12,50017 Mar 202317 Nov 2023245 Days
7 Middleforth Green, Penwortham, Preston, Lancashire, PR1 9TB£230,000£230,000£0017 Jul 202308 Nov 2023114 Days
34 Buckingham Avenue, Penwortham, Preston, Lancashire, PR1 9HW£249,950£245,000-£4,95024 May 202301 Nov 2023161 Days
21 Round Wood, Penwortham, Preston, Lancashire, PR1 0BN£550,000£525,000-£25,00025 Jul 202320 Oct 202387 Days
6 Sturminster Close, Penwortham, Preston, Lancashire, PR1 9UP£175,000£172,000-£3,00030 Mar 202306 Oct 2023190 Days
5 Wentworth Close, Penwortham, Preston, Lancashire, PR1 0JU£500,000£495,000-£5,00028 Jul 202306 Oct 202370 Days
5 Old Hey Croft, Penwortham, Preston, Lancashire, PR1 9ET£120,000£116,000-£4,00011 Apr 202304 Oct 2023176 Days

Most Expensive Streets in Penwortham

PostcodeStreetAreaAverageNo. of Sales
PR4 4BFMeadowcroft GardensWhitestake£917,1878
PR1 9XHHill RoadPenwortham£828,9007
PR1 0AEHollinhurst AvenuePenwortham£545,6005
PR1 0BNRound WoodPenwortham£455,3005
PR1 0BPCastle WalkPenwortham£437,5004
PR1 9BDHurst ParkPenwortham£430,8333
PR1 0QLParklands AvenuePenwortham£414,1254
PR1 0BJKingswayPenwortham£391,2504
PR1 0XFMoorside DrivePenwortham£381,6663
PR1 9AJGlenwayPenwortham£378,7504

Least Expensive Streets in Penwortham

PostcodeStreetAreaAverageNo. of Sales
PR1 9TGPenwortham Hall GardensPenwortham£78,5559
PR1 9LLRosemary CourtPenwortham£96,5107
PR1 9HAAlderfieldPenwortham£107,3754
PR1 9DYAspinall ClosePenwortham£108,2113
PR1 9DNKingsfold DrivePenwortham£112,9003
PR1 9HBAlderfieldPenwortham£115,0003
PR1 9DHHigher CroftPenwortham£117,2504
PR1 9AECop LanePenwortham£119,9005
PR1 9QJLeyland RoadPenwortham£124,0004
PR1 9NTCharnock AvenuePenwortham£125,4287

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