Local market reports › PR area › PR1 › PR1 5
City Centre market report PR1 5, Preston
The PR1 5 (City Centre) house price history in full, 1995 to 2026, in cash and in today's money. Underneath every chart here sit 3,838 registered sales in PR1 5 (Preston) since 1995, the HM Land Registry record of what buyers really paid, with ONS figures covering rents. Nothing is a valuation, an estimate or an asking price.
Sales data to 2026. Rents: ONS, May 2026. Regenerated with every monthly data refresh.
In short: a typical PR1 5 (Preston) home changed hands for £106,800 in 2026 (median of 30 registered sales, up 28% on five years earlier), with the mean at £115,100, and by floor area homes here have averaged about £1,450 per square metre over the last five years. Source: 3,838 completed sales on the HM Land Registry record since 1995, updated with each monthly release. No valuations, no asking prices.
A postcode sector like PR1 5 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 5 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.
PR1 5 sold prices: where the market stands
Across 30 registered 2026 sales, the typical (median) PR1 5 home went for £106,800. The mean is £115,100, modestly above it, the usual shape of a market with an expensive tail.
PR1 5 prices by floor area
By floor space, homes in PR1 5 have sold for about £1,450 per square metre on average over the last five years: the like-for-like measure that lets you compare a small flat with a large house, from the Energy Performance Certificate floor areas behind each sale.
For scale: the England and Wales median is £285,000, so PR1 5 trades 63% below the country as a whole.
A typical PR1 5 home, priced year by year (1995 to 2026)
The median as recorded at the time, and each year restated in today's money (ONS CPIH), the sharper test of whether homes really got dearer. Hover for the year-by-year figures; click a legend entry to isolate a series.
See this chart as a table
| Year | Median (cash) | Median (today's £) | Sales |
|---|---|---|---|
| 2026 | £106,800 | £106,800 | 30 |
| 2025 | £119,000 | £121,846 | 83 |
| 2024 | £110,000 | £116,953 | 73 |
| 2023 | £100,000 | £109,876 | 65 |
| 2022 | £92,000 | £107,880 | 93 |
| 2021 | £83,200 | £105,342 | 108 |
| 2020 | £76,200 | £98,871 | 84 |
| 2019 | £74,000 | £96,996 | 78 |
| 2018 | £77,000 | £102,642 | 93 |
| 2017 | £69,500 | £94,791 | 74 |
| 2016 | £70,000 | £97,931 | 93 |
| 2015 | £70,000 | £98,910 | 73 |
| 2014 | £67,000 | £95,051 | 74 |
| 2013 | £64,800 | £93,241 | 68 |
| 2012 | £65,000 | £95,672 | 62 |
| 2011 | £70,000 | £105,673 | 65 |
| 2010 | £75,000 | £117,619 | 71 |
| 2009 | £75,000 | £120,563 | 62 |
| 2008 | £85,000 | £139,333 | 86 |
| 2007 | £84,000 | £142,487 | 185 |
| 2006 | £78,000 | £135,398 | 213 |
| 2005 | £115,500 | £205,543 | 355 |
| 2004 | £58,000 | £105,339 | 225 |
| 2003 | £37,000 | £68,163 | 210 |
| 2002 | £31,000 | £58,326 | 266 |
| 2001 | £28,000 | £53,829 | 191 |
| 2000 | £26,500 | £52,006 | 153 |
| 1999 | £27,900 | £55,603 | 122 |
| 1998 | £30,000 | £60,557 | 99 |
| 1997 | £29,700 | £60,909 | 122 |
| 1996 | £30,000 | £63,269 | 122 |
| 1995 | £30,000 | £65,215 | 140 |
In cash terms the typical PR1 5 home went from £30,000 in 1995 to £106,800 in 2026, roughly 3.6 times the price. Adjusted for inflation it still comes to a real rise of roughly 64%, so homes here got dearer in substance, not only in cash. The real-terms peak came in 2005, and today's median remains roughly 48% under it: a 2005 buyer is still waiting to get that price back in today's money.
Year-on-year change in the PR1 5 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 2005 (+99.1% on the year before); the weakest, 2006 (−32.5%). Single-year swings like these are why the annualised table below matters more than any one year's headline.
The long view: annualised growth
| Period | Cash, per year | Real terms, per year |
|---|---|---|
| 1 years (since 2025) | −10.3% | −12.3% |
| 5 years (since 2021) | +5.1% | +0.3% |
| 10 years (since 2016) | +4.3% | +0.9% |
| 20 years (since 2006) | +1.6% | −1.2% |
The table annualises median growth over each period, with the real column deflated by ONS CPIH. Smoothing hides the cycle (see the chart above for it), and none of this forecasts: it is the record.
How many homes change hands in PR1 5
The year-by-year sales count
Recorded sales per year. The dip after 2008 is the financial crisis; the last bar is still filling in as recent sales get registered.
PR1 5 recorded 30 sales in the last twelve months of data. Like most of England and Wales, turnover never fully recovered from 2008: the market here averaged 225 sales a year before the financial crisis and 69 a year over the last five. Watch the volume as closely as the price. Thin years make jumpy medians, where one street's sales can move the figure, and the newest year is always incomplete because registrations trail completions by weeks or months.
What homes rent for around PR1 5
The local authority for PR1 5 is Preston, and its ONS average private rent currently stands at £782 a month (May 2026 figures). A one-bed averages £573 a month here and a four-or-more-bed £1,240, so size does most of the work in setting the rent.
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 £106,800 median sold price makes a gross yield of 8.8%. 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.
What kind of market PR1 5 is
This is a thin market: 30 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. Within PR1, this sector trades 37% below the district median: one of its district's cheaper corners.
PR1 5 (City Centre): the questions that come up
Are property prices falling in PR1 5 (City Centre)?
Is PR1 5 (City Centre) a good place to buy a house?
How much did a house sell for in PR1 5 (City Centre)?
Will PR1 5 prices rise from here?
The record answers a different question than "what happens next": the median is up 28% over five years in cash and flat after inflation. Put the volume chart beside the price chart before drawing conclusions, and allow for the register's lag behind actual completions.
What is for sale in PR1 right now
This is what you could actually buy today: 86 homes currently on the market from 5 agents publishing to HomesIndex.
These cover the whole PR1 district, not just PR1 5: live asking prices are collected per district.
Of everything listed here, 25% asks less than the sold record of comparable homes. Each listing is compared with recent recorded sales of similar homes nearby.
- Bishopgate, PRESTON, Lancashire, PR1
- St. Davids Road, Preston, Lancashire,...
- Manor House Lane, Preston, Lancashire...
"Under comparable sales" means the asking price sits below what similar homes nearby actually fetched. Treat it as the start of a conversation, never a valuation, and always view the home.
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.
What another bedroom costs in PR
What homes of each size actually sold for across the PR area, from the Land Registry record. How much a size step costs is a local fact: the third-bedroom premium runs from about a quarter to nearly four fifths depending on the area, and national rules of thumb miss it.
| 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%) | — |
Built from the last four years of recorded sales by form and bedroom count. Bedroom counts are estimated from EPC records (the register carries none), so expect a small number of homes one size adrift. 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.
Winners and losers across the PR area, five years
Cash-terms risers and fallers across the area; click any row for that district's full 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 4 | £142,500 | 16 |
| 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.
Before you sell in PR1 5: what the record supports
Start from what homes here actually sold for, not an estimate. Before booking a house valuation or flat valuation in PR1 5, use the average prices map for a rough value: zoom from PR1 5's shading down to the sold homes on your own street. The figures above are every recorded PR1 5 sale; agents price with this same Land Registry record, and now you have it too.
Estate agents working PR1 5: the featured spot on this report is free for founding agents, one per district. Claim PR1 5.
Take it further
Behind the answers sits the same Land Registry record as this page, with PR1 5 already set as the subject. Free, one click sign in.
Two maps carry on from here: every PR1 5 sale at its exact address, and the average prices map from area shading down to single homes. The report tool answers a specific question in writing, and each sale's mortgage and rent calculator prices a real purchase.
Method, briefly: HM Land Registry Price Paid Data (Crown copyright, OGL v3.0) supplies every sale, geocoded to address level; CPIH from the ONS restates prices in today's money; ONS local-authority figures supply the rents. Medians of real sales, not valuations. No part of this page is financial advice.