Property Data OutlookPreston
Data from Land Registry, ONS, Bank of England
Compare with another area →Market outlook for Preston
Key indicators for buyers
The Preston market looks favourable for buyers. Prices are rising at 5.2%, which may favour acting sooner rather than later. 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.
Price trends
Average sale prices · HM Land Registry / UK HPI
Affordability ratio
House price ÷ median earnings · ONS data
A home in Preston costs 5.0x the local median salary — moderate, improving from a peak of 6.5x in 2023.
Rental trends
Average monthly rent · ONS Private Rental Index
Average monthly rent in Preston is £775, up 7.8% 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 Preston price of £188,987 with a 25% deposit (£47k), a 2-year fixed mortgage at 3.97% costs around £746 per month.
Rent vs buy snapshot
Monthly cost comparison based on current data
Monthly mortgage payments (£746) are £29 less than renting (£775). However, buying requires an upfront deposit of £47k — it would take around 8 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 |
|---|---|---|---|
24, AVON GARDENS, COTTAM PR4 0NR | Semi-detached | £225,650 | 30 Jan 2026 |
31, LEADALE, LEA PR2 1YU | Detached | £300,000 | 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 |
1, THE SIDINGS, BARTON PR3 5BN | Detached | £440,000 | 23 Jan 2026 |
6, ALFORD FOLD, FULWOOD PR2 3UU | Semi-detached | £243,000 | 23 Jan 2026 |
29, PREESALL ROAD, ASHTON ON RIBBLE PR2 1PQ | Terraced |
Explore postcodes in Preston
2postcode districts · Click for detailed prices
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.