The average property value in Preston is £181,134 according to property sale data for the year ending June 2021 published by HM Land Registry. Between the years ending June 2020 and June 2021, property values in Preston grew by £7,669. Compare house prices by area
Average property prices in Preston grew by 4.4% between the years ending June 2020 and June 2021. Between the years ending June 2011 and June 2021, property prices on average grew by 3.3% per year.
If prices in Preston continue to rise by 3.3% a year, the average property price will be £206,131 in 2025.
There were 1,638 property sales in Preston in the year ending June 2021, a decrease of 63 when compared to the previous year.
The average price for a house in Preston ranges from £109,594 for a terraced house to £306,469 for a detached house, with semi-detached in between costing on average £176,730.
The average price for a flat or maisonette in Preston is £83,778.
Price trends for small areas may be less statistically significant due to small sample sizes.
Of the property types in Preston, detached house prices have risen the most between the years ending 2011 and 2021, and flat prices have grown the least.
Detached house prices have risen 25.9% from £243,442 to £306,469, semi-detached house prices have risen 25.2% from £141,179 to £176,730, terraced house prices have risen 17.8% from £93,034 to £109,594, and flat prices have risen 1.4% from £82,582 to £83,778.
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The most common type of property sold in Preston during the year ending June 2021 was semi-detached houses, which accounted for 35.0% of properties.
The least commonly available type of property sold in Preston were flats, which account for 7.7% of properties sold.
Of the properties sold in Preston during 2021, 2.1% were new build properties.
The average price paid for a new build property in Preston was £61,591 higher than the average price paid for an existing property.
Of the new build properties sold, the most common type was detached houses (68% of new build properties sold). For existing properties, the most common type is semi-detached houses (36% of existing properties sold).
The most common price band for property sales in Preston is £100k - £150k, which accounted for 16.9% of properties sold in 2021.
The cheapest properties in Preston were in the under £50k price bracket, accounting for 1.3% of sales.
Average property price
YoY change in price
Average Property Price
YoY CHANGE in PRICE
Source: Office for National Statistics licensed under the Open Government Licence v.3.0. Contains OS data © Crown copyright and database right 2021. Data sources: ONS Local statistics