Local market reports › PR area › PR1 › PR1 8
City Centre market report PR1 8, Preston
The PR1 8 (City Centre) house price history in full, 1995 to 2026, in cash and in today's money. Every figure on this page comes from the public record: 3,237 sales registered with HM Land Registry in PR1 8 (Preston) since 1995, each one a completed purchase at a real price, plus current rental figures from the ONS. Nothing here 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: the 2026 median for PR1 8 (Preston) is £115,000, from 19 registered sales, up 10% on five years earlier; the mean is £121,100, and by floor area homes here have averaged about £1,630 per square metre over the last five years. Behind the figures sit 3,237 HM Land Registry entries going back to 1995, refreshed monthly, every one a completed sale rather than a valuation or an asking price.
PR1 8 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 8 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 a home in PR1 8 sells for
Across 19 registered 2026 sales, the typical (median) PR1 8 home went for £115,000. The mean is £121,100, modestly above it, the usual shape of a market with an expensive tail.
House prices per square metre in PR1 8
Averaged across five years of sales, floor space in PR1 8 costs about £1,630 per square metre. Each sale's Energy Performance Certificate supplies the floor area, and pricing by the metre is what lets flats and houses share one scale.
For scale: the England and Wales median is £285,000, so PR1 8 trades 60% below the country as a whole.
A typical PR1 8 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 | £115,000 | £115,000 | 19 |
| 2025 | £122,400 | £125,327 | 76 |
| 2024 | £120,000 | £127,585 | 67 |
| 2023 | £112,200 | £123,280 | 56 |
| 2022 | £115,000 | £134,851 | 90 |
| 2021 | £105,000 | £132,944 | 75 |
| 2020 | £92,000 | £119,372 | 49 |
| 2019 | £97,000 | £127,144 | 83 |
| 2018 | £92,800 | £123,704 | 54 |
| 2017 | £93,000 | £126,843 | 73 |
| 2016 | £92,000 | £128,709 | 69 |
| 2015 | £90,000 | £127,170 | 81 |
| 2014 | £90,000 | £127,681 | 80 |
| 2013 | £82,500 | £118,709 | 65 |
| 2012 | £90,700 | £133,499 | 42 |
| 2011 | £94,000 | £141,904 | 66 |
| 2010 | £95,000 | £148,984 | 63 |
| 2009 | £96,500 | £155,125 | 62 |
| 2008 | £109,500 | £179,494 | 93 |
| 2007 | £114,000 | £193,376 | 186 |
| 2006 | £105,000 | £182,267 | 205 |
| 2005 | £100,000 | £177,960 | 195 |
| 2004 | £90,000 | £163,458 | 173 |
| 2003 | £65,000 | £119,746 | 162 |
| 2002 | £50,000 | £94,075 | 205 |
| 2001 | £40,000 | £76,898 | 149 |
| 2000 | £37,900 | £74,379 | 158 |
| 1999 | £35,000 | £69,753 | 98 |
| 1998 | £37,000 | £74,687 | 91 |
| 1997 | £34,300 | £70,342 | 113 |
| 1996 | £35,100 | £74,024 | 142 |
| 1995 | £31,000 | £67,389 | 97 |
In cash terms the typical PR1 8 home went from £31,000 in 1995 to £115,000 in 2026, roughly 3.7 times the price. Inflation explains only part of it: in today's money the rise is still about 71%, a genuine increase in what a home here costs. The real-terms peak came in 2007, and today's median remains roughly 41% under it: a 2007 buyer is still waiting to get that price back in today's money.
Year-on-year change in the PR1 8 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 (+38.5% on the year before); the weakest, 2009 (−11.9%). 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) | −6.0% | −8.2% |
| 5 years (since 2021) | +1.8% | −2.9% |
| 10 years (since 2016) | +2.3% | −1.1% |
| 20 years (since 2006) | +0.5% | −2.3% |
Compound annual growth of the median sold price; the real column deflates by ONS CPIH. Annualised figures smooth the cycle (the chart above shows the cycle), and past growth is a record, not a forecast.
The turnover behind the prices
The year-by-year sales count
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.
PR1 8 recorded 19 sales in the last twelve months of data. Like most of England and Wales, turnover never fully recovered from 2008: the market here averaged 179 sales a year before the financial crisis and 62 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.
Rents around PR1 8
For renting purposes PR1 8 sits in Preston. The ONS average private rent there is £782 a month (May 2026). 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.
Set against the £115,000 median sold price, £782 a month is £9,384 a year, a gross yield of 8.2%: 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.
What kind of market PR1 8 is
Only 19 sales completed here in the last twelve months of data, which makes PR1 8 a thin market. Each figure rests on few transactions, so single streets can swing the median and the charts deserve a sceptical squint. Within PR1, this sector trades 33% below the district median: one of its district's cheaper corners.
Asked and answered: PR1 8 (City Centre)
How much did a house sell for in PR1 8 (City Centre)?
Are property prices falling in PR1 8 (City Centre)?
Is PR1 8 (City Centre) a good place to buy a house?
What happens to PR1 8 prices now?
No honest page predicts prices, so this one sticks to the record: the median is up 10% over five years in cash but down 13% 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.
PR1's current homes for sale
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 8: 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...
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 →
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. Size steps are fiercely local. A third bedroom adds a quarter to the price in some areas and close to four fifths in others, which is why no national rule of thumb survives contact with a real market.
| 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. 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.
PR area districts: five years of change
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 6 | £129,000 | 26 |
| PR1 7 | £116,200 | 14 |
| 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 8: 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 8, use the average prices map for a rough value: zoom from PR1 8's shading down to the sold homes on your own street. The figures above are every recorded PR1 8 sale; agents price with this same Land Registry record, and now you have it too.
Local estate agents: one agent per district gets the featured spot on this report, free for founding agents. Claim PR1 8.
Keep digging
Behind the answers sits the same Land Registry record as this page, with PR1 8 already set as the subject. Free, one click sign in.
Two maps carry on from here: every PR1 8 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.