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Preston House Prices Preston House Prices

The average house price in Preston is £139,263 using HM Land Registry data.

The average property price increased by £33,491 (28.31%) over the last 5 years and increased by £6,694 (4.61%) over the last 12 months.

Over the last year, there were 725 residential property sales – a decrease of 417 transactions (-57.52%) relative to the previous year. The majority of house sales (213) were in the £110,000 - £140,000 range. Then came properties in the £80,000 - £110,000 range, where 158 were sold within this price bracket.

Excluding fall throughs, properties are taking an average of 78 days to sell (from being listed to completion) and the average difference between asking and sold prices is £-8,456 (-3%).

In April 2024, there were 144 new estate agency instructions, 91 agreed home sales and 50 property price reductions.

Neighbouring Areas: Fulwood, Cottam, Penwortham, Bamber Bridge

Postcodes Covered: PR1, PR2, PR3, PR4

5-Year Average Property Prices in Preston

28.31%

Property prices in Preston increased by 28.31% 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

4.61%

Property prices in Preston increased by 4.61% 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 - 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 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
82 Princes Reach, Ashton On Ribble, Preston, Lancashire, PR2 2GB£125,000£120,000-£5,00031 Mar 202321 Mar 2024356 Days
23 Tinniswood, Ashton On Ribble, Preston, Lancashire, PR2 1EL£89,950£82,500-£7,45015 Mar 202308 Mar 2024359 Days
Flat 77, Victoria Mansions, Navigation Way, Ashton On Ribble, Preston, Lancashire, PR2 2YZ£178,000£172,500-£5,50012 Dec 202322 Feb 202472 Days
4b, Beckett Court, Preston, Lancashire, PR1 1YD£70,000£59,000-£11,00002 Feb 202416 Feb 202414 Days
194 Shelley Road, Ashton On Ribble, Preston, Lancashire, PR2 2BX£135,000£130,000-£5,00014 Aug 202315 Feb 2024185 Days
45 Windsor Avenue, Ashton On Ribble, Preston, Lancashire, PR2 1JD£295,000£285,000-£10,00020 Oct 202312 Feb 2024115 Days
129 Princes Reach, Ashton On Ribble, Preston, Lancashire, PR2 2GD£126,000£117,500-£8,50010 Aug 202308 Feb 2024182 Days
20 Tinniswood, Ashton On Ribble, Preston, Lancashire, PR2 1EL£90,000£80,000-£10,00028 Apr 202302 Feb 2024280 Days
22 Larches Lane, Ashton On Ribble, Preston, Lancashire, PR2 1NJ£135,000£130,000-£5,00023 Aug 202331 Jan 2024161 Days
30 St Andrews Road, Preston, Lancashire, PR1 6NH£140,000£130,000-£10,00019 Sep 202330 Jan 2024133 Days
1 Harrop Place, Ribbleton, Preston, Lancashire, PR2 6TD£149,950£149,950£0027 Jul 202326 Jan 2024183 Days
267 Shelley Road, Ashton On Ribble, Preston, Lancashire, PR2 2EH£180,000£175,000-£5,00016 Jun 202325 Jan 2024223 Days
92 Princes Reach, Ashton On Ribble, Preston, Lancashire, PR2 2GB£125,000£119,000-£6,00013 Mar 202318 Jan 2024311 Days
34 Plumpton Road, Ashton On Ribble, Preston, Lancashire, PR2 2JX£115,000£110,000-£5,00030 Jun 202310 Jan 2024194 Days
41 Lulworth Avenue, Ashton On Ribble, Preston, Lancashire, PR2 2BE£129,950£129,950£0010 Jul 202308 Jan 2024182 Days
34 Bucklands Avenue, Ashton On Ribble, Preston, Lancashire, PR2 2BP£125,000£124,000-£1,00020 Sep 202308 Jan 2024110 Days
69 Stocks Road, Ashton On Ribble, Preston, Lancashire, PR2 2TA£124,950£115,000-£9,95004 Aug 202320 Dec 2023138 Days
9 Nimes Street, Preston, Lancashire, PR1 4SH£84,950£80,000-£4,95023 Feb 202220 Dec 2023665 Days
33 Arnold Close, Ribbleton, Preston, Lancashire, PR2 6DX£259,950£241,786-£18,16406 Jun 202315 Dec 2023192 Days
6 Sycamore Close, Fulwood, Preston, Lancashire, PR2 9NA£425,000£420,000-£5,00029 Jun 202315 Dec 2023169 Days

Most Expensive Streets in Preston

PostcodeStreetAreaAverageNo. of Sales
PR2 5RUFulwood RowFulwood£436,2504
PR2 9UFWilliams LaneFulwood£389,18316
PR2 1ALEgerton RoadAshton On Ribble£372,60010
PR2 9UTWilliams LaneFulwood£361,07512
PR2 1AJEgerton RoadAshton On Ribble£333,0004
PR2 1DTVictoria ParadeAshton On Ribble£328,0004
PR2 8WYGregson WayFulwood£311,6663
PR2 6YXGolden Hill CloseRibbleton£310,5833
PR2 1HJMulgrave AvenueAshton On Ribble£308,5005
PR1 3TABank ParadePreston£295,3163

Least Expensive Streets in Preston

PostcodeStreetAreaAverageNo. of Sales
PR1 4YJConway HouseSamuel Street, Preston£26,20010
PR2 6PGHolland LodgeGrange Avenue£29,58615
PR1 4YLSevern HouseSamuel Street, Preston£30,8005
PR2 6EGGlenview CourtRibbleton£31,0663
PR2 6PFElston LodgeGrange Avenue£35,41612
PR1 4YHAvon HouseSamuel Street, Preston£36,7498
PR1 3YRAbram HouseManchester Road£41,7503
PR2 6FNSaddle LodgeFir Trees Place£48,0905
PR1 3SESandown CourtAvenham Lane£48,4874
PR1 3RSSandown CourtAvenham Lane£48,9006

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