Market outlook for PR7
Key indicators for buyers
The PR7 market is moderately favourable for buyers. Prices have softened (-17.0%), which could present a buying opportunity. Affordability has improved from a peak of 7.2x in 2021 to 6.3x today. Rising rents (£769/mo, +5.9%) mean the cost of waiting is real.
Price trends
Yearly averages · HM Land Registry Price Paid Data
Prices by property type
2026averages · HM Land Registry Price Paid Data
Affordability ratio
House price ÷ median earnings · ONS data
Affordability data shown for wider Chorley area
A home in Chorley costs 6.3x the local median salary — moderate, improving from a peak of 7.2x in 2021.
Rental trends
Average monthly rent · ONS Private Rental Index
Rental data shown for wider Chorley area
Average monthly rent in Chorley is £769, up 5.9% year-on-year. Rents have risen consistently over the past five years.
Monthly mortgage
2yr fixed · 75% LTV · 25yr term · BoE avg. rate
Based on the average Chorley price of £240,845 with a 25% deposit (£60k), a 2-year fixed mortgage at 3.97% costs around £950 per month.
Rent vs buy snapshot
Monthly cost comparison based on current data
Uses PR7 avg. price with Chorley rental data
Monthly mortgage payments (£950) are £181 more than renting (£769). However, buying requires an upfront deposit of £60k — it would take around 13 years to recoup that cost compared to renting and investing the difference.
Recent sales
Latest transactions · HM Land Registry Price Paid Data
| Address | Type | Price | Date |
|---|---|---|---|
32, CORSAIR DRIVE, BUCKSHAW VILLAGE PR7 7LZ | Terraced | £215,000 | 26 Jan 2026 |
17, ANCHOR FIELDS, ECCLESTON PR7 5UW | Detached | £450,000 | 22 Jan 2026 |
GLENROYD, PRESTON ROAD, CHARNOCK RICHARD PR7 5HH | Semi-detached | £280,000 | 19 Jan 2026 |
51, DUKE STREET PR7 3DU | Terraced | £110,000 | 16 Jan 2026 |
28, BRADLEY LANE, ECCLESTON PR7 5TQ | Terraced | £187,500 | 16 Jan 2026 |
38, MARINE CRESCENT, BUCKSHAW VILLAGE PR7 7AP | Flat/Maisonette | £130,000 | 14 Jan 2026 |
9, SMITH STREET PR7 3EJ |
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.