Key indicators for buyers
The PR2 market looks favourable for buyers. Prices have softened (-2.8%), 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 £208,273 with a 25% deposit (£52k), a 2-year fixed mortgage at 3.97% costs around £822 per month.
Monthly cost comparison based on current data
Uses PR2 avg. price with Preston rental data
Monthly mortgage payments (£822) are £47 more than renting (£775). However, buying requires an upfront deposit of £52k — it would take around 10 years to recoup that cost compared to renting and investing the difference.
Latest transactions · HM Land Registry Price Paid Data
| Address | Type | Price | Date |
|---|---|---|---|
31, LEADALE, LEA PR2 1YU | Detached | £300,000 | 23 Jan 2026 |
29, PREESALL ROAD, ASHTON ON RIBBLE PR2 1PQ | Terraced | £143,000 | 23 Jan 2026 |
525, BLACKPOOL ROAD, ASHTON ON RIBBLE PR2 1EQ | Detached | £330,000 | 23 Jan 2026 |
66, LEVENSGARTH AVENUE, FULWOOD PR2 9YY | Detached | £265,000 | 23 Jan 2026 |
6, ALFORD FOLD, FULWOOD PR2 3UU | Semi-detached | £243,000 | 23 Jan 2026 |
5, CROFTGATE, FULWOOD PR2 8LS | Detached | £315,000 | 16 Jan 2026 |
105, LYTHAM ROAD, FULWOOD PR2 3EW | 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 PR2 sold for £208,273 in 2026, with a median of £195,000 across 22 transactions. Prices fell 2.8% compared to the previous year.
| £255,000 |
| 16 Jan 2026 |
6, THE AVENUE, LEA PR2 1RS | Semi-detached | £195,000 | 16 Jan 2026 |
43, THE PASTURES, GRIMSARGH PR2 5JW | Detached | £270,000 | 14 Jan 2026 |
175, ELDON STREET, ASHTON ON RIBBLE PR2 2BA | Other | £152,500 | 13 Jan 2026 |
16, LONGFIELD, FULWOOD PR2 9RN | Semi-detached | £195,000 | 12 Jan 2026 |
11, ASHNESS CLOSE, FULWOOD PR2 9FQ | Detached | £174,000 | 12 Jan 2026 |
12, DERBY ROAD, FULWOOD PR2 8JJ | Semi-detached | £217,000 | 12 Jan 2026 |
26, HESKETH STREET, ASHTON ON RIBBLE PR2 2RY | Terraced | £120,000 | 9 Jan 2026 |
130, TULKETH BROW, ASHTON ON RIBBLE PR2 2SJ | Terraced | £150,000 | 9 Jan 2026 |
13, OAKENGATE, FULWOOD PR2 9AE | Detached | £276,000 | 9 Jan 2026 |
4, SAVICK COURT, FULWOOD PR2 3PJ | Flat/Maisonette | £130,000 | 8 Jan 2026 |
25, CARNOUSTIE CLOSE, FULWOOD PR2 7ER | Detached | £300,000 | 7 Jan 2026 |
21, COLENSO ROAD, ASHTON ON RIBBLE PR2 2LL | Terraced | £133,000 | 7 Jan 2026 |
26, MOORLAND CRESCENT, RIBBLETON PR2 6UR | Semi-detached | £184,000 | 6 Jan 2026 |
The most recent recorded sale in PR2 was a detached property on Leadale for £300,000 in January 2026. Across the last 20 sales, the median price was £217,000.