Local market reports › PR area › PR1
City Centre market report PR1, Preston
The PR1 (City Centre) house price history in full, 1995 to 2026, in cash and in today's money. Everything below comes from 32,083 sales recorded by HM Land Registry in PR1 (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 July 2026 and ONS rents for May 2026. Refreshed monthly as new sales reach the register.
In short: the middle 2026 sale in PR1 (Preston) came in at £170,500, out of 250 registered, up 22% on five years earlier, and the mean stands at £194,700, and by floor area homes here have averaged about £2,100 per square metre over the last five years. The record behind it is 32,083 completed sales lodged with HM Land Registry since 1995, monthly refreshed, with no valuations or asking prices anywhere in the figures.
The postcode district PR1 covering City Centre, Avenham, Broadgate sits in Preston. A district is the workhorse unit for reading a market: local enough to be meaningful, busy enough that the medians rest on a steady flow of sales.
Where PR1 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.
The going rate for a home in PR1
Take the 250 registered 2026 sales in PR1 and the middle price, the median, is £170,500. The mean lands at £194,700, a little above it, the familiar pattern where pricier homes stretch the average.
PR1 prices by floor area
The last five years of sales put PR1 at roughly £2,100 per square metre. That figure, built from each sale's Energy Performance Certificate floor area, is the one that makes a small flat and a big house comparable.
England and Wales as a whole trade at a £285,000 median, leaving PR1 40% below the national figure.
The price of a typical PR1 home, 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 | £170,500 | £170,500 | 250 |
| 2025 | £158,000 | £161,778 | 749 |
| 2024 | £160,000 | £170,113 | 755 |
| 2023 | £145,500 | £159,869 | 794 |
| 2022 | £135,000 | £158,303 | 952 |
| 2021 | £140,000 | £177,258 | 920 |
| 2020 | £130,000 | £168,678 | 766 |
| 2019 | £130,000 | £170,399 | 808 |
| 2018 | £125,000 | £166,627 | 798 |
| 2017 | £120,000 | £163,668 | 769 |
| 2016 | £116,000 | £162,285 | 863 |
| 2015 | £118,000 | £166,734 | 844 |
| 2014 | £109,000 | £154,636 | 794 |
| 2013 | £100,000 | £143,890 | 667 |
| 2012 | £104,000 | £153,075 | 581 |
| 2011 | £102,000 | £153,981 | 663 |
| 2010 | £100,000 | £156,826 | 737 |
| 2009 | £110,000 | £176,826 | 697 |
| 2008 | £110,000 | £180,313 | 804 |
| 2007 | £118,000 | £200,161 | 1,687 |
| 2006 | £108,500 | £188,342 | 1,619 |
| 2005 | £106,900 | £190,239 | 1,574 |
| 2004 | £90,000 | £163,458 | 1,686 |
| 2003 | £62,000 | £114,219 | 1,599 |
| 2002 | £48,000 | £90,312 | 1,773 |
| 2001 | £44,000 | £84,588 | 1,409 |
| 2000 | £41,000 | £80,463 | 1,360 |
| 1999 | £43,000 | £85,697 | 1,086 |
| 1998 | £40,000 | £80,743 | 979 |
| 1997 | £37,000 | £75,880 | 1,165 |
| 1996 | £35,500 | £74,868 | 980 |
| 1995 | £36,000 | £78,258 | 955 |
In cash terms the typical PR1 home went from £36,000 in 1995 to £170,500 in 2026, roughly 5 times the price. Adjusted for inflation it still comes to a real rise of roughly 118%, so homes here got dearer in substance, not only in cash. In inflation-adjusted terms the high-water mark was 2007. The market now sits about 15% below it, so a peak-time purchase has yet to recover its real value.
Year-on-year change in the PR1 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 (+45.2% on the year before); the weakest, 2010 (−9.1%). Single-year swings like these are why the annualised table below matters more than any one year's headline.
Detached, semi, terraced, flat: four markets in one
A single median hides the split beneath it. Sales of terraced homes dominate the record here, 47% of the typed total. A detached home currently trades at £325,000 against £102,000 for a flat, 3.2 times the price.
Median by property type, PR1
One line per type, years with too few sales omitted. Hover for the year's figures; click a legend entry to isolate a type.
| Type | Median (2026) | Sales that year | All-time sales |
|---|---|---|---|
| Detached | £325,000 | 37 | 3,584 |
| Semi-detached | £210,000 | 98 | 9,405 |
| Terraced | £120,000 | 94 | 15,171 |
| Flats | £102,000 | 21 | 3,923 |
The long view: annualised growth
| Period | Cash, per year | Real terms, per year |
|---|---|---|
| 1 years (since 2025) | +7.9% | +5.4% |
| 5 years (since 2021) | +4.0% | −0.8% |
| 10 years (since 2016) | +3.9% | +0.5% |
| 20 years (since 2006) | +2.3% | −0.5% |
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.
Sales activity in PR1
Sales per year, counted
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 last five years, month by month
Sales as they reached the register each month. Expect the seasonal sawtooth, and discount the newest months while late entries land.
Over the last twelve months of data, 562 sales completed in PR1. Like most of England and Wales, turnover never fully recovered from 2008: the market here averaged 1,588 sales a year before the financial crisis and 700 a year over the last five. Price without volume misleads: a median built on few sales jumps around, and one street can tilt it. Keep in mind too that the latest year is still filling in, since sales reach the register weeks or months after completion.
Reading the PR1 market
PR1 is currently the cheapest district of its postcode area by median price, which cuts both ways: the lowest entry price, and the least priced-in expectation.
Rents around PR1
For renting purposes PR1 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.
£782 a month is £9,384 a year, which against the £170,500 median sold price makes a gross yield of 5.5%. 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.
Asked and answered: PR1 (City Centre)
How much did a house sell for in PR1 (City Centre)?
Are property prices falling in PR1 (City Centre)?
Is PR1 (City Centre) a good place to buy a house?
Where do PR1 prices go next?
That question has no honest answer, only evidence. The evidence: the median is up 22% over five years in cash but down 4% 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
Everything above is what homes in PR1 sold for. This is what you could actually buy today: 86 homes currently on the market from 5 agents publishing to HomesIndex, at a typical asking price 30% below the PR1 median sold price.
25% of current listings sit under the prices comparable homes actually fetched. 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
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. Blank cells mean too few homes for the figure to mean anything.
The risers and the fallers
PR1 ranks 3 of 11 in the PR area on five-year growth. The gap between the top and bottom of this chart is the difference between buying well and buying badly in the same city.
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.
Inside PR1, sector by sector
The next slice down is the postcode sector: a group of streets, each with its own report. Two sectors a short walk apart can trade at sharply different prices.
| 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 8 | £115,000 | 19 |
| PR1 9 | £197,500 | 80 |
How PR1 compares nearby
Same city, different markets. The neighbouring districts of the PR area, dearest first:
| District | Median | 5-year |
|---|---|---|
| PR26 | £285,500 | +24% |
| PR3 | £260,000 | -5% |
| PR4 | £251,000 | +9% |
| PR8 | £240,000 | +14% |
| PR6 | £231,200 | +22% |
| PR7 | £220,000 | +22% |
| PR25 | £205,000 | +13% |
| PR9 | £200,000 | +13% |
| PR2 | £194,000 | +13% |
| PR5 | £182,200 | +5% |
| PR1 (this report) | £170,500 | +22% |
Thinking of selling in PR1? Get a rough value first
Start from what homes here actually sold for, not an estimate. Before booking a house valuation or flat valuation in PR1, use the average prices map for a rough value: zoom from PR1's shading down to the sold homes on your own street. The figures above are every recorded PR1 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.
Go deeper
Behind the answers sits the same Land Registry record as this page, with PR1 already set as the subject. Free, one click sign in.
Two maps carry on from here: every PR1 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.
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.