Key indicators for buyers
The PR1 market looks favourable for buyers. Prices have softened (-12.7%), which could present a buying opportunity. Affordability has improved from a peak of 6.5x in 2023 to 5.0x today. Rising rents (£775/mo, +7.8%) mean the cost of waiting is real.
Yearly averages · HM Land Registry Price Paid Data
2026averages · HM Land Registry Price Paid Data
House price ÷ median earnings · ONS data
Affordability data shown for wider Preston area
A home in Preston costs 5.0x the local median salary — moderate, improving from a peak of 6.5x in 2023.
Average monthly rent · ONS Private Rental Index
Rental data shown for wider Preston area
Average monthly rent in Preston is £775, up 7.8% year-on-year. Rents have risen consistently over the past five years.
2yr fixed · 75% LTV · 25yr term · BoE avg. rate
Based on the average Preston price of £157,455 with a 25% deposit (£39k), a 2-year fixed mortgage at 3.97% costs around £621 per month.
Monthly cost comparison based on current data
Uses PR1 avg. price with Preston rental data
Monthly mortgage payments (£621) are £154 less than renting (£775). However, buying requires an upfront deposit of £39k — it would take around 6 years to recoup that cost compared to renting and investing the difference.
Latest transactions · HM Land Registry Price Paid Data
| Address | Type | Price | Date |
|---|---|---|---|
25, JEMMETT STREET PR1 7XH | Terraced | £111,000 | 23 Jan 2026 |
117, FRENCHWOOD AVENUE PR1 4NE | Terraced | £185,000 | 16 Jan 2026 |
13, ROMAN ROAD PR1 4NQ | Terraced | £135,000 | 16 Jan 2026 |
50, LEYLAND ROAD, PENWORTHAM PR1 9XS | Terraced | £190,000 | 16 Jan 2026 |
40, STANLEY GROVE, PENWORTHAM PR1 0JH | Semi-detached | £245,000 | 15 Jan 2026 |
6, ALDWYN COURT, PENWORTHAM PR1 9RZ | Semi-detached | £169,500 | 14 Jan 2026 |
110, MARGARET ROAD, PENWORTHAM PR1 9RU | Semi-detached |
Data sources (all free & public): HM Land Registry Price Paid Data & UK House Price Index · ONS Housing Affordability Ratios · ONS Private Rental Index · Bank of England Quoted Household Interest Rates · HMRC Monthly Property Transactions
Contains HM Land Registry data © Crown copyright and database right 2021. This data is licensed under the Open Government Licence v3.0.
The average property in PR1 sold for £157,455 in 2026, with a median of £169,500 across 11 transactions. Prices fell 12.7% compared to the previous year.
| £221,000 |
| 12 Jan 2026 |
3, FRENCHWOOD STREET PR1 3ST | Terraced | £105,500 | 9 Jan 2026 |
57, GRAFTON STREET PR1 8JH | Terraced | £65,000 | 9 Jan 2026 |
15, VINE STREET PR1 8TH | Terraced | £105,000 | 9 Jan 2026 |
3, LONG BUTTS, PENWORTHAM PR1 9EE | Terraced | £200,000 | 9 Jan 2026 |
6C, WALTONS PARADE PR1 8QT | Flat/Maisonette | £53,500 | 19 Dec 2025 |
4, CONDOR WAY, PENWORTHAM PR1 9SJ | Detached | £300,000 | 19 Dec 2025 |
22, KENMURE PLACE PR1 6DD | Semi-detached | £161,000 | 19 Dec 2025 |
6, CAROLINE STREET PR1 5UX | Terraced | £100,000 | 19 Dec 2025 |
2, LANGTON STREET PR1 8PY | Terraced | £145,000 | 19 Dec 2025 |
11, FERMOR ROAD PR1 4TX | Terraced | £112,500 | 19 Dec 2025 |
FLAT 2, 67, WELLINGTON STREET PR1 8TQ | Flat/Maisonette | £82,000 | 18 Dec 2025 |
45, WHITEFIELD ROAD, PENWORTHAM PR1 0QQ | Semi-detached | £305,000 | 18 Dec 2025 |
9, MEADOWFIELD, PENWORTHAM PR1 9ER | Semi-detached | £165,000 | 18 Dec 2025 |
The most recent recorded sale in PR1 was a terraced property on Jemmett Street for £111,000 in January 2026. Across the last 20 sales, the median price was £161,000.