Local market reports › PR area › PR1 › PR1 6
City Centre market report PR1 6, Preston
The PR1 6 (City Centre) house price history in full, 1995 to 2026, in cash and in today's money. The raw material for this page is 4,125 HM Land Registry entries for PR1 6 (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 recorded to 2026; rents are ONS figures for May 2026. The page rebuilds with each monthly release.
In short: 26 registered 2026 sales put the PR1 6 (Preston) median at £129,000, up 8% on five years earlier, with a mean of £136,700, and by floor area homes here have averaged about £1,630 per square metre over the last five years. Everything rests on 4,125 completed HM Land Registry sales since 1995, refreshed monthly; valuations and asking prices play no part.
A postcode sector like PR1 6 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 6 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 6 prices, from the sold record
The 2026 median for PR1 6 is £129,000, taken from 26 registered sales. The mean, which is what most sites call the "average house price", is £136,700, a little above it, the familiar pattern where pricier homes stretch the average.
PR1 6 prices by floor area
A square metre of PR1 6 home has cost about £1,630 on average across the last five years of sales, using the floor area on each home's Energy Performance Certificate: the measure that puts a studio and a five-bed on the same footing.
England and Wales as a whole trade at a £285,000 median, leaving PR1 6 55% below the national figure.
A typical PR1 6 home, priced year by year (1995 to 2026)
The cash median beside its inflation-adjusted twin (ONS CPIH). The adjusted line answers the harder question, whether homes really got dearer. Hover for the figures; the legend toggles each series.
See this chart as a table
| Year | Median (cash) | Median (today's £) | Sales |
|---|---|---|---|
| 2026 | £129,000 | £129,000 | 26 |
| 2025 | £135,000 | £138,228 | 81 |
| 2024 | £130,000 | £138,217 | 71 |
| 2023 | £117,000 | £128,554 | 84 |
| 2022 | £111,000 | £130,160 | 102 |
| 2021 | £120,000 | £151,935 | 96 |
| 2020 | £105,000 | £136,240 | 86 |
| 2019 | £85,000 | £111,415 | 71 |
| 2018 | £92,800 | £123,704 | 80 |
| 2017 | £90,000 | £122,751 | 91 |
| 2016 | £93,000 | £130,108 | 93 |
| 2015 | £83,200 | £117,562 | 104 |
| 2014 | £85,500 | £121,297 | 80 |
| 2013 | £83,500 | £120,148 | 79 |
| 2012 | £78,500 | £115,542 | 71 |
| 2011 | £81,200 | £122,581 | 94 |
| 2010 | £91,000 | £142,711 | 87 |
| 2009 | £90,000 | £144,676 | 96 |
| 2008 | £95,000 | £155,725 | 105 |
| 2007 | £95,000 | £161,146 | 198 |
| 2006 | £88,000 | £152,757 | 210 |
| 2005 | £83,000 | £147,707 | 184 |
| 2004 | £75,000 | £136,215 | 234 |
| 2003 | £53,000 | £97,639 | 239 |
| 2002 | £40,000 | £75,260 | 257 |
| 2001 | £35,500 | £68,247 | 208 |
| 2000 | £30,000 | £58,875 | 221 |
| 1999 | £33,000 | £65,767 | 140 |
| 1998 | £34,000 | £68,631 | 137 |
| 1997 | £31,200 | £63,985 | 185 |
| 1996 | £32,000 | £67,487 | 158 |
| 1995 | £31,200 | £67,824 | 157 |
In cash terms the typical PR1 6 home went from £31,200 in 1995 to £129,000 in 2026, roughly 4 times the price. Inflation explains only part of it: in today's money the rise is still about 90%, a genuine increase in what a home here costs. In inflation-adjusted terms the high-water mark was 2007. The market now sits about 20% below it, so a peak-time purchase has yet to recover its real value.
Year-on-year change in the PR1 6 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 (+41.5% on the year before); the weakest, 2011 (−10.8%). 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) | −4.4% | −6.7% |
| 5 years (since 2021) | +1.5% | −3.2% |
| 10 years (since 2016) | +3.3% | −0.1% |
| 20 years (since 2006) | +1.9% | −0.8% |
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.
The turnover behind the prices
The year-by-year sales count
Annual recorded sales. The post-2008 trough is the financial crisis; treat the final bar as provisional while registrations catch up.
PR1 6 recorded 26 sales in the last twelve months of data. Like most of England and Wales, turnover never fully recovered from 2008: the market here averaged 219 sales a year before the financial crisis and 73 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.
What tenants pay around PR1 6
The local authority for PR1 6 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.
Set against the £129,000 median sold price, £782 a month is £9,384 a year, a gross yield of 7.3%: gross, before letting costs, voids, maintenance and tax, so a ceiling rather than a promise. Rents are published at local-authority level, so nearby districts in the same authority share these figures.
Reading the PR1 6 market
Only 26 sales completed here in the last twelve months of data, which makes PR1 6 a thin market. Each figure rests on few transactions, so single streets can swing the median and the charts deserve a sceptical squint. 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 24% below the district median: one of its district's cheaper corners.
What people ask about PR1 6 (City Centre)
Is PR1 6 (City Centre) a good place to buy a house?
How much did a house sell for in PR1 6 (City Centre)?
Are property prices falling in PR1 6 (City Centre)?
Where do PR1 6 prices go next?
That question has no honest answer, only evidence. The evidence: the median is up 8% over five years in cash but down 15% after inflation. Weigh the volume chart alongside the price one before deciding anything, and bear in mind every figure is a completed sale that reached the register weeks after completion.
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 6: live asking prices are collected per district.
25% of what is on the market here is asking below what comparable homes actually sold for. 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 →
These asking prices come live from estate agents publishing feeds to HomesIndex, refreshed each Monday and Thursday. They are a sample of the market rather than its entirety, and an asking price is not a sale price.
What another bedroom costs in PR
The Land Registry record, split by size: what each kind of home actually sold for across the PR area. 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. Where too few homes exist to say anything meaningful, the cell is 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
The districts that gained and lost most in cash terms, each row linking through to its own report.
Other sectors in PR1
Prices can differ sharply between two sectors a few minutes' walk apart. The rest of PR1, each linking to its own report:
| 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 5 | £106,800 | 30 |
| 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 6? Start from the sold record
Ground the asking price in real sold prices first. The average prices map gives a rough value in a minute: start at PR1 6's shading and zoom to the sold homes on the street itself. Agents work from this same Land Registry record when they value; this page puts it in front of you before they arrive.
Local estate agents: one agent per district gets the featured spot on this report, free for founding agents. Claim PR1 6.
Go deeper
Behind the answers sits the same Land Registry record as this page, with PR1 6 already set as the subject. Free, one click sign in.
The live map plots every individual PR1 6 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.
How this page is made: the statistics are computed from HM Land Registry Price Paid Data (Crown copyright, OGL v3.0), geocoded to address level; inflation adjustment uses the ONS CPIH index; rents are the ONS Price Index of Private Rents at local-authority level. Medians of recorded sales, not valuations. Nothing on this page is financial advice.