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Preston House Prices

The average house price in Preston is £133,791 using HM Land Registry data.

The average property price increased by £30,918 (25.63%) over the last 5 years and increased by £6,181 (4.25%) over the last 12 months.

Over the last year, there were 710 residential property sales – a decrease of 398 transactions (-56.06%) relative to the previous year. The majority of house sales (216) were in the £110,000 - £140,000 range. Then came properties in the £80,000 - £110,000 range, where 145 were sold within this price bracket.

Excluding fall throughs, properties are taking an average of 55 days to sell (from being listed to completion) and the average difference between asking and sold prices is £-8,456 (-3%).

In June 2024, there were 129 new estate agency instructions, 102 agreed home sales and 60 property price reductions.

5-Year Average Property Prices in Preston

25.63%

Property prices in Preston increased by 25.63% 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

4.25%

Property prices in Preston increased by 4.25% 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 Preston - 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 41 to 60 days, the broad evidence suggests that the market is reasonably slow moving. Although some sellers in your postcode may be willing to wait up to 9 weeks, this data would suggest that estate agents may be overvaluing properties. In such scenarios, some vendors may either choose to wait for the market to pick up (which may result in 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 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

Address	Initial Price	Sold Price	Price Change	First Listed Date	Sold Date	Days to Sell
4 The Glen, Ribbleton, Preston, Lancashire, PR2 6JA	£165,000	£165,000	£00	18 Oct 2023	01 May 2024	196 Days
12 Mayfield Road, Ashton On Ribble, Preston, Lancashire, PR2 1EX	£290,000	£285,000	-£5,000	12 Nov 2023	26 Apr 2024	166 Days
Apartment 22, Old School Square, Burleigh Road, Preston, Lancashire, PR1 8PW	£106,500	£105,550	-£950	23 Sep 2023	24 Apr 2024	214 Days
24 Conder Road, Ashton On Ribble, Preston, Lancashire, PR2 1PE	£175,000	£168,000	-£7,000	31 Jul 2023	23 Apr 2024	267 Days
177 Savick Way, Lea, Preston, Lancashire, PR2 1XF	£280,000	£275,000	-£5,000	18 Nov 2023	17 Apr 2024	151 Days
41 Willow Coppice, Lea, Preston, Lancashire, PR2 1XW	£199,950	£195,000	-£4,950	16 Nov 2023	12 Apr 2024	148 Days
78 Savick Way, Ashton On Ribble, Preston, Lancashire, PR2 1SD	£130,000	£130,000	£00	13 Dec 2023	12 Apr 2024	121 Days
3 West View Terrace, Preston, Lancashire, PR1 8UA	£100,000	£93,000	-£7,000	22 Dec 2023	12 Apr 2024	112 Days
13 Eton Park, Fulwood, Preston, Lancashire, PR2 9NL	£490,000	£445,000	-£45,000	17 Aug 2023	09 Apr 2024	236 Days
3 Neapsands Close, Fulwood, Preston, Lancashire, PR2 9AQ	£240,000	£235,000	-£5,000	02 Aug 2023	05 Apr 2024	247 Days
29 Mulgrave Avenue, Ashton On Ribble, Preston, Lancashire, PR2 1HJ	£399,950	£390,000	-£9,950	26 Sep 2023	05 Apr 2024	192 Days
7 Clitheroe Street, Preston, Lancashire, PR1 4BP	£124,950	£100,000	-£24,950	26 Jun 2023	05 Apr 2024	284 Days
59 Royal Drive, Fulwood, Preston, Lancashire, PR2 3AF	£205,000	£205,000	£00	26 Jan 2024	28 Mar 2024	62 Days
19 Dymock Road, Preston, Lancashire, PR1 5QE	£120,000	£118,000	-£2,000	28 Nov 2023	28 Mar 2024	121 Days
35 Teil Green, Fulwood, Preston, Lancashire, PR2 9PA	£230,000	£230,000	£00	20 Dec 2023	26 Mar 2024	97 Days
3 Clovelly Avenue, Ashton On Ribble, Preston, Lancashire, PR2 2HP	£165,000	£161,000	-£4,000	11 Oct 2023	25 Mar 2024	166 Days
124 Ramsey Avenue, Preston, Lancashire, PR1 6EL	£149,950	£140,000	-£9,950	19 Oct 2023	25 Mar 2024	158 Days
4 Norris Street, Preston, Lancashire, PR1 7PX	£125,000	£123,000	-£2,000	22 Jan 2024	25 Mar 2024	63 Days
33 Royal Drive, Fulwood, Preston, Lancashire, PR2 3AF	£165,000	£158,000	-£7,000	25 May 2023	22 Mar 2024	302 Days
15 Bucklands Avenue, Ashton On Ribble, Preston, Lancashire, PR2 2BP	£135,000	£135,000	£00	17 Oct 2023	22 Mar 2024	157 Days

Most Expensive Streets in Preston

Postcode	Street	Area	Average	No. of Sales
PR2 9NL	Eton Park	Fulwood	£469,583	3
PR2 5RU	Fulwood Row	Fulwood	£436,250	4
PR2 9UF	Williams Lane	Fulwood	£389,183	16
PR2 1AL	Egerton Road	Ashton On Ribble	£372,600	10
PR2 9UT	Williams Lane	Fulwood	£361,075	12
PR2 1AJ	Egerton Road	Ashton On Ribble	£333,000	4
PR2 1DT	Victoria Parade	Ashton On Ribble	£328,000	4
PR2 1HJ	Mulgrave Avenue	Ashton On Ribble	£322,083	6
PR2 6AD	Stuart Road	Ribbleton	£314,000	4
PR2 8WY	Gregson Way	Fulwood	£311,666	3

Least Expensive Streets in Preston

Postcode	Street	Area	Average	No. of Sales
PR1 4YJ	Conway House	Samuel Street, Preston	£26,200	10
PR2 6PG	Holland Lodge	Grange Avenue	£30,271	14
PR1 4YL	Severn House	Samuel Street, Preston	£30,800	5
PR2 6EG	Glenview Court	Ribbleton	£31,066	3
PR1 4YH	Avon House	Samuel Street, Preston	£36,785	7
PR2 6PF	Elston Lodge	Grange Avenue	£38,700	10
PR1 3YR	Abram House	Manchester Road	£41,750	3
PR1 3RS	Sandown Court	Avenham Lane	£47,890	5
PR2 6FN	Saddle Lodge	Fir Trees Place	£48,090	5
PR1 3SE	Sandown Court	Avenham Lane	£49,316	3