Preston property prices

The average property price in Preston postcode area is £199k. The average price increased by £7.0k (4%) over the last twelve months. The price of an established property is £197k. The price of a newly built property is £229k. There were 6.1k property sales and sales dropped by 33.4% (-3.4k transactions). Most properties were sold in the £100k-£150k price range with 1557 (25.6%) properties sold, followed by £150k-£200k price range with 1353 (22.3%) properties sold.

March 2020 - February 2021

Preston postcode area

England and Wales

£199k

average property price

£320k

average property price

4%

average price percentage change

8%

average price percentage change

£7.0k

average price change

£22.6k

average price change

Preston house prices map

This price map shows the average property price in a given postcode sector between March 2020 - February 2021. The most affordable place was 'PR1 1' with the average price of £82.9k. The most expensive place was 'PR8 2', £356k.

Preston house prices map

Preston house prices compared to other areas

Comparison of the average property price and an average price percentage change by postcode area. Price % change compares the average property price between March 2020 - February 2021 to the average price in the previous 12 months. The size of the circle shows the number of property transactions. The bigger the circle the higher the sales volumes in postcode area.

Preston house prices compared to other areasAverage price percentage change
Average property price

Preston house price rank

With the average price of £199k, Preston is the 25. cheapest postcode area out of 105 England and Wales' postcode areas.

Preston house price rank

Preston property sales share by price range

shows a number of properties sold in a given price range between March 2020 - February 2021.

Preston property sales share by price range
Property price rangeMarket shareSales volumes
under £50k1.3%82
£50k-£100k13.2%804
£100k-£150k25.6%1.6k
£150k-£200k22.3%1.4k
£200k-£250k14.9%904
£250k-£300k8.9%538
£300k-£400k8.7%526
£400k-£500k2.8%173
£500k-£750k2.0%119
£750k-£1M0.3%16
over £1M0.1%6

Preston cost comparison of new homes and older homes

March 2020 - February 2021

Preston cost comparison of new homes and older homes

£229k

A newly built property

£197k

An established property

Preston cost comparison of houses and flats

March 2020 - February 2021

Preston cost comparison of houses and flats

£305k

Detached

£115k

Flat

£180k

Semi-Detached

£128k

Terraced

Preston real house prices

Yearly average nominal house prices adjusted for inflation.

Preston real house prices

Preston house prices compared to England & Wales' house prices

Yearly average nominal prices

Preston house prices

Preston house prices per square meter

Yearly average nominal prices per square meter.

Average price per square meter

Preston house prices and nearby areas

Yearly average nominal prices

Preston house prices and nearby areas

Preston house prices new vs established

Yearly average nominal prices. Graphs shows a difference between house prices of newly built properties and house prices of established residential properties.

Preston house prices new vs established

Preston house prices by property type

Yearly average nominal prices

Preston house prices by property type

Preston house price to earnings ratio

The median property price to median earnings ratio is ranging between 5.5 in Chorley and 6.2 in Fylde. Ie. Chorley resident with middle-income needs 5.5 gross annual salaries to buy a medium-priced property. Resident in Fylde needs 6.2 annual salaries. The England and Wales ratio was 7.7 in 2019.
Preston house price to earnings ratio history

Local authorityMedian house price to median salary ratio in 2019
Chorley5.5
Preston5.6
Wyre5.8
South Ribble5.9
Fylde6.2
England and Wales7.7

Other reports for Preston postcode area

new home prices

property transactions

salary and unemployment

home features

population statistics

crime statistics

home energy certificates

energy costs

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