Local market reports › PR area › PR1 › PR1 7
City Centre market report PR1 7, Preston
The standing PR1 7 (City Centre) property market report, rebuilt from the full public record every month. Everything below comes from 2,562 sales recorded by HM Land Registry in PR1 7 (Preston) since 1995, real completion prices from real purchases, alongside the ONS's current rent figures. No valuations, no estimates, no asking prices.
Covers registered sales to 2026 and ONS rents for May 2026. Refreshed monthly as new sales reach the register.
In short: the 2026 median for PR1 7 (Preston) is £116,200, from 14 registered sales, up 34% on five years earlier; the mean is £119,600, and by floor area homes here have averaged about £1,500 per square metre over the last five years. Behind the figures sit 2,562 HM Land Registry entries going back to 1995, refreshed monthly, every one a completed sale rather than a valuation or an asking price.
PR1 7 is one sector of PR1 (Preston): a handful of streets, and the most local view the sold record can give. The price of that locality is lumpier charts, because each year's median rests on fewer sales.
Where PR1 7 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.
What buyers actually paid in PR1 7
The 2026 median for PR1 7 is £116,200, taken from 14 registered sales. The mean, which is what most sites call the "average house price", is £119,600, practically level with it: prices here bunch tightly around the middle.
Price per square metre in PR1 7
Measured by floor area, the last five years of PR1 7 sales average about £1,500 per square metre. Price per square metre is the fair way to compare a one-bed flat with a four-bed house, and it comes from the Energy Performance Certificate on each sold home.
England and Wales as a whole trade at a £285,000 median, leaving PR1 7 59% below the national figure.
A typical PR1 7 home, priced year by year (1995 to 2026)
One line records the median as paid; the other restates every year in today's money via ONS CPIH, the honest measure of getting dearer. Hover for year figures, click the legend to isolate a line.
See this chart as a table
| Year | Median (cash) | Median (today's £) | Sales |
|---|---|---|---|
| 2026 | £116,200 | £116,200 | 14 |
| 2025 | £111,500 | £114,166 | 52 |
| 2024 | £110,500 | £117,484 | 36 |
| 2023 | £112,000 | £123,061 | 39 |
| 2022 | £103,500 | £121,366 | 78 |
| 2021 | £87,000 | £110,153 | 67 |
| 2020 | £86,000 | £111,587 | 31 |
| 2019 | £80,000 | £104,861 | 46 |
| 2018 | £80,000 | £106,642 | 52 |
| 2017 | £87,500 | £119,341 | 55 |
| 2016 | £83,500 | £116,817 | 45 |
| 2015 | £83,000 | £117,279 | 51 |
| 2014 | £84,200 | £119,452 | 48 |
| 2013 | £85,000 | £122,307 | 43 |
| 2012 | £88,000 | £129,525 | 39 |
| 2011 | £85,000 | £128,317 | 56 |
| 2010 | £80,000 | £125,461 | 64 |
| 2009 | £90,000 | £144,676 | 57 |
| 2008 | £98,000 | £160,643 | 70 |
| 2007 | £101,800 | £172,681 | 140 |
| 2006 | £92,700 | £160,915 | 130 |
| 2005 | £90,000 | £160,164 | 162 |
| 2004 | £82,000 | £148,928 | 128 |
| 2003 | £60,000 | £110,535 | 158 |
| 2002 | £47,000 | £88,430 | 160 |
| 2001 | £42,000 | £80,743 | 122 |
| 2000 | £38,000 | £74,575 | 128 |
| 1999 | £37,000 | £73,739 | 107 |
| 1998 | £34,700 | £70,044 | 82 |
| 1997 | £34,000 | £69,727 | 121 |
| 1996 | £34,000 | £71,704 | 111 |
| 1995 | £34,500 | £74,998 | 70 |
In cash terms the typical PR1 7 home went from £34,500 in 1995 to £116,200 in 2026, roughly 3.4 times the price. Inflation explains only part of it: in today's money the rise is still about 55%, a genuine increase in what a home here costs. The real-terms peak came in 2007, and today's median remains roughly 33% under it: a 2007 buyer is still waiting to get that price back in today's money.
Year-on-year change in the PR1 7 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 (+36.7% on the year before); the weakest, 2010 (−11.1%). Single-year swings like these are why the annualised table below matters more than any one year's headline.
Growth per year, over one to twenty years
| Period | Cash, per year | Real terms, per year |
|---|---|---|
| 1 years (since 2025) | +4.2% | +1.8% |
| 5 years (since 2021) | +6.0% | +1.1% |
| 10 years (since 2016) | +3.4% | −0.1% |
| 20 years (since 2006) | +1.1% | −1.6% |
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.
Sales activity in PR1 7
How many homes change hands
Recorded sales per year. The dip after 2008 is the financial crisis; the last bar is still filling in as recent sales get registered.
The register shows 14 PR1 7 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 141 sales a year before the financial crisis and 44 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 homes rent for around PR1 7
For renting purposes PR1 7 sits in Preston. The ONS average private rent there is £782 a month (May 2026). Size sets most of the rent: one-beds average £573 a month here against £1,240 for four or more bedrooms.
Average monthly rent by size, Preston
ONS Price Index of Private Rents, May 2026.
Against the £116,200 median purchase price, a rent of £782 a month (£9,384 a year) works out at a 8.1% gross yield, a ceiling figure that ignores letting costs, voids, maintenance and tax. Because rents are local-authority statistics, districts sharing the authority share the figure.
What kind of market PR1 7 is
This is a thin market: 14 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. Within PR1, this sector trades 32% below the district median: one of its district's cheaper corners.
Common questions on PR1 7 (City Centre)
Is PR1 7 (City Centre) a good place to buy a house?
How much did a house sell for in PR1 7 (City Centre)?
Are property prices falling in PR1 7 (City Centre)?
What happens to PR1 7 prices now?
No honest page predicts prices, so this one sticks to the record: the median is up 34% over five years in cash and up 5% after inflation. Anyone weighing a purchase should read the volume chart with the price chart, remembering that these are completed sales, registered weeks after the deals were actually struck.
What is for sale in PR1 right now
Turning to what is actually available: 86 homes on the market right now, from 5 agents publishing to HomesIndex.
These cover the whole PR1 district, not just PR1 7: live asking prices are collected per district.
25% of current listings sit under the prices comparable homes actually fetched. 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...
The "under comparable sales" label measures each asking price against real nearby sales of similar homes: an opening position for a conversation rather than a valuation. The home itself still needs looking at.
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
Real sold prices by size across the PR area, straight from the Land Registry record. 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. Blank cells mean too few homes for the figure to mean anything.
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 biggest risers and fallers in cash terms; every row links to that district's 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 6 | £129,000 | 26 |
| 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 7? Start from the sold record
The sold record beats any estimate as a starting point. Before a house valuation or flat valuation in PR1 7, open the average prices map and zoom from the PR1 7 shading down to the sold homes on your own street. Every recorded PR1 7 sale is on this page; the same Land Registry record is what agents price from, and it is now in your hands.
Local estate agents: one agent per district gets the featured spot on this report, free for founding agents. Claim PR1 7.
Take it further
Behind the answers sits the same Land Registry record as this page, with PR1 7 already set as the subject. Free, one click sign in.
See every individual PR1 7 sale on the live map, mapped to the exact address, or zoom the average prices map from neighbourhood shading down to single homes. The report tool writes a custom answer to a specific question, and the mortgage and rent calculator on any sale 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.