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City Centre market report PR1 4, Preston
The standing PR1 4 (City Centre) property market report, rebuilt from the full public record every month. The raw material for this page is 3,215 HM Land Registry entries for PR1 4 (Preston), going back to 1995: each an actual purchase at an actual price. Rents come from the ONS. Valuations, estimates and asking prices appear nowhere in it.
Sales data to 2026. Rents: ONS, May 2026. Regenerated with every monthly data refresh.
In short: the 2026 median for PR1 4 (Preston) is £142,500, from 16 registered sales, up 43% on five years earlier; the mean is £144,000, and by floor area homes here have averaged about £1,440 per square metre over the last five years. Behind the figures sit 3,215 HM Land Registry entries going back to 1995, refreshed monthly, every one a completed sale rather than a valuation or an asking price.
A postcode sector like PR1 4 is a single group of streets within PR1 (Preston), the finest slice the public record supports. Fewer sales stand behind each figure than at district level, so the lines jump about more.
Where PR1 4 sits
Shaded by median price on the same scale as the average prices map. Click any shape to open it on the live map with every sale plotted at its address, or zoom in past street level to see the sold homes right here.
Today's PR1 4 prices, from the sold record
The 2026 median for PR1 4 is £142,500, taken from 16 registered sales. The mean, which is what most sites call the "average house price", is £144,000, practically level with it: prices here bunch tightly around the middle.
Price per square metre in PR1 4
Per square metre, PR1 4 homes have averaged around £1,440 over the last five years of sales. The floor areas behind the figure come from Energy Performance Certificates, and the by-the-metre view is the fair comparison across home sizes.
England and Wales as a whole trade at a £285,000 median, leaving PR1 4 50% below the national figure.
PR1 4's median sold price, 1995 to 2026
Year by year: the median as it was recorded, and the same figure brought into today's money with ONS CPIH, which is where "did homes get dearer" actually gets answered. Hover shows each year; the legend isolates a series.
See this chart as a table
| Year | Median (cash) | Median (today's £) | Sales |
|---|---|---|---|
| 2026 | £142,500 | £142,500 | 16 |
| 2025 | £117,500 | £120,310 | 58 |
| 2024 | £111,000 | £118,016 | 58 |
| 2023 | £100,000 | £109,876 | 71 |
| 2022 | £100,000 | £117,261 | 84 |
| 2021 | £100,000 | £126,613 | 85 |
| 2020 | £85,000 | £110,289 | 72 |
| 2019 | £80,000 | £104,861 | 67 |
| 2018 | £83,900 | £111,840 | 84 |
| 2017 | £87,200 | £118,932 | 74 |
| 2016 | £84,000 | £117,517 | 78 |
| 2015 | £79,000 | £111,627 | 71 |
| 2014 | £75,000 | £106,401 | 81 |
| 2013 | £72,000 | £103,601 | 62 |
| 2012 | £80,000 | £117,750 | 58 |
| 2011 | £70,000 | £105,673 | 71 |
| 2010 | £76,000 | £119,188 | 113 |
| 2009 | £89,500 | £143,872 | 74 |
| 2008 | £87,600 | £143,595 | 76 |
| 2007 | £89,800 | £152,326 | 208 |
| 2006 | £83,000 | £144,077 | 195 |
| 2005 | £70,000 | £124,572 | 120 |
| 2004 | £55,000 | £99,891 | 176 |
| 2003 | £38,000 | £70,005 | 182 |
| 2002 | £31,000 | £58,326 | 214 |
| 2001 | £30,000 | £57,673 | 136 |
| 2000 | £28,000 | £54,950 | 104 |
| 1999 | £28,000 | £55,803 | 87 |
| 1998 | £27,500 | £55,511 | 117 |
| 1997 | £27,000 | £55,372 | 115 |
| 1996 | £27,000 | £56,942 | 93 |
| 1995 | £30,500 | £66,302 | 115 |
In cash terms the typical PR1 4 home went from £30,500 in 1995 to £142,500 in 2026, roughly 5 times the price. Even after inflation that is a real rise of about 115%: homes here genuinely became dearer, not merely more expensive on paper. The real-terms peak came in 2007, and today's median remains roughly 6% under it: a 2007 buyer is still waiting to get that price back in today's money.
Year-on-year change in the PR1 4 median
Each bar is the change on the year before, in cash. The zero line is the boundary between rising and falling.
The strongest year on record here is 2004 (+44.7% on the year before); the weakest, 2010 (−15.1%). Single-year swings like these are why the annualised table below matters more than any one year's headline.
What PR1 4 has returned, per year
| Period | Cash, per year | Real terms, per year |
|---|---|---|
| 1 years (since 2025) | +21.3% | +18.4% |
| 5 years (since 2021) | +7.3% | +2.4% |
| 10 years (since 2016) | +5.4% | +1.9% |
| 20 years (since 2006) | +2.7% | −0.1% |
Each row is compound annual growth of the median; ONS CPIH supplies the real-terms deflator. Annualising irons out the cycle, which the chart above shows in full, and past growth records what happened rather than predicting anything.
Transaction volumes
How many homes change hands
Each bar is a year's recorded sales. 2008's dip is the financial crisis, and the newest bar always grows for a while as late registrations arrive.
The register shows 16 PR1 4 sales across the most recent twelve months of data. Like most of England and Wales, turnover never fully recovered from 2008: the market here averaged 167 sales a year before the financial crisis and 57 a year over the last five. Volume matters as much as price: when few homes change hands, the median gets jumpy and a single street can move the figure. The most recent year is always still filling in, because sales appear in the Land Registry weeks or months after completion.
How PR1 4 trades
This is a thin market: 16 sales in the last twelve months of data. With that few transactions, one street selling well (or one block of cheap transfers) can move the median, so read the year lines as a range rather than a verdict. Expect volatility in the annual figures: swings past ten per cent show up repeatedly above, and they usually reflect the mix of homes sold in a given year rather than genuine repricing. Against the PR1 district median, PR1 4 sits 16% lower, marking it as a cheaper pocket of the district.
What tenants pay around PR1 4
The local authority for PR1 4 is Preston, and its ONS average private rent currently stands at £782 a month (May 2026 figures). The spread runs from £573 a month for a typical one-bed to £1,240 at four-plus bedrooms, which is size doing most of the pricing.
Average monthly rent by size, Preston
ONS Price Index of Private Rents, May 2026.
£782 a month is £9,384 a year, which against the £142,500 median sold price makes a gross yield of 6.6%. Gross means before letting costs, voids, maintenance and tax: treat it as a ceiling. The ONS publishes rents by local authority, so neighbouring districts under the same authority share these numbers.
PR1 4 (City Centre): the questions that come up
Are property prices falling in PR1 4 (City Centre)?
Is PR1 4 (City Centre) a good place to buy a house?
How much did a house sell for in PR1 4 (City Centre)?
Will PR1 4 prices rise from here?
Nobody can tell you that, and this page will not pretend to. What the record shows: the median is up 43% over five years in cash and up 13% after inflation. If you are weighing a purchase, read the volume chart alongside the price one, and remember that every figure here is a completed sale, lagged by the weeks it takes the Land Registry to register it.
On the market in PR1 today
The live side of the market holds 86 homes at the moment, listed by 5 agents publishing to HomesIndex.
These cover the whole PR1 district, not just PR1 4: live asking prices are collected per district.
Of everything listed here, 25% asks less than the sold record of comparable homes. The comparison behind each listing uses recent recorded sales of similar homes close by.
- Bishopgate, PRESTON, Lancashire, PR1
- St. Davids Road, Preston, Lancashire,...
- Manor House Lane, Preston, Lancashire...
"Under comparable sales" compares each asking price with what similar homes nearby actually sold for. It is a starting point for a conversation, not a valuation. Always look at the home itself.
See every PR1 home for sale on the map →
Refreshed every Monday and Thursday from agents' own feeds to HomesIndex, so a sample of the market rather than all of it. An asking price remains an ask, not a sale.
Moving up a bedroom in PR: the cost
The Land Registry record, split by size: what each kind of home actually sold for across the PR area. The jump between sizes is local: in some areas a third bedroom adds a quarter to the price, in others nearly four fifths, so a national rule of thumb will mislead you here.
| Type | 1 bed | 2 bed | 3 bed | 4 bed | 5 bed |
|---|---|---|---|---|---|
| Detached | — | £243,000 | £325,000 (+34%) | £475,000 (+46%) | £654,500 (+38%) |
| Semi-detached | £164,975 | £189,950 (+15%) | £228,000 (+20%) | £295,000 (+29%) | £410,000 (+39%) |
| Terraced | £126,180 | £138,000 (+9%) | £167,850 (+22%) | £233,000 (+39%) | £300,000 (+29%) |
| Flat | £98,000 | £130,000 (+33%) | £195,000 (+50%) | £280,000 (+44%) | — |
Medians of recorded sales over the last four years, by built form and bedroom count. Sold homes carry no advertised bedroom count, so sizes are estimated from their EPC records; a small number of homes will sit one size out. Sizes with too few homes to be meaningful are left blank.
The risers and the fallers
The spread across the PR area is the point: the same five years treated these districts very differently.
Five-year change in the median, PR area districts
The districts that gained and lost most in cash terms, each row linking through to its own report.
Other sectors in PR1
Sector boundaries hide real price steps. The rest of PR1, one report each:
| Sector | Median (latest) | Sales that year |
|---|---|---|
| PR1 0 | £304,500 | 47 |
| PR1 1 | £107,000 | 11 |
| PR1 2 | £98,500 | 2 |
| PR1 3 | £150,000 | 5 |
| PR1 5 | £106,800 | 30 |
| PR1 6 | £129,000 | 26 |
| PR1 7 | £116,200 | 14 |
| PR1 8 | £115,000 | 19 |
| PR1 9 | £197,500 | 80 |
Zoom out to the full PR1 district report for the type split, monthly volumes and how PR1 compares with its neighbours.
Selling in PR1 4? Start from the sold record
Start from what homes here actually sold for, not an estimate. Before booking a house valuation or flat valuation in PR1 4, use the average prices map for a rough value: zoom from PR1 4's shading down to the sold homes on your own street. The figures above are every recorded PR1 4 sale; agents price with this same Land Registry record, and now you have it too.
For local estate agents: each district report carries one featured-agent spot, free while founding places last. Claim PR1 4.
Go deeper
Behind the answers sits the same Land Registry record as this page, with PR1 4 already set as the subject. Free, one click sign in.
The live map plots every individual PR1 4 sale at its exact address, and the average prices map zooms from neighbourhood shading to single homes. For a specific question, the report tool writes a custom answer, and any sale's mortgage and rent calculator runs the numbers on a real purchase.
About the numbers: everything is computed from HM Land Registry Price Paid Data (Crown copyright, OGL v3.0), geocoded to the address; today's-money figures use the ONS CPIH index, and rents are the ONS Price Index of Private Rents by local authority. These are medians of recorded sales, not valuations, and none of it is financial advice.