House prices in Preston: the areas where average prices increased the most in the last year despite Covid crisis

The coronavirus pandemic caused an unprecedented economic shock across Preston and Lancashire, closing businesses and putting people out of work left, right and centre.

Saturday, 1st May 2021, 7:00 am
10 areas of Preston where house prices increased the most in the last year

But despite that, average house prices held up across England – even if there was a drop in sales.

It was the same a different picture in Preston however, where prices fell by 2.2% in the year to September 2020. Across North West, prices rose by 2.5%.

The ONS also publishes house price figures by Middle Layer Super Output Areas (MSOAs) – small geographic areas containing an average of 7,200 people.

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In Frenchwood & Fishwick the average price rose to £98,557, up by 0.4% on the year to September 2019. Overall, 76 houses changed hands here between October 2019 and September 2020, a drop of 11%.

These show 10 of the 17 MSOAs that make up Preston saw a rise in house prices over the same period.

Here we reveal which Preston neighbourhoods saw the strongest growth in the year to September 2020, from lowest to highest.

In Plungington & University the average price rose to £103,692, up by 2.1% on the year to September 2019. Overall, 117 houses changed hands here between October 2019 and September 2020, a drop of 26%.
In Broughton & Wychnor the average price rose to £278,189, up by 2.4% on the year to September 2019. Overall, 201 houses changed hands here between October 2019 and September 2020, a drop of 35%.
In Moor Park the average price rose to £93,514, up by 4.7% on the year to September 2019. Overall, 61 houses changed hands here between October 2019 and September 2020, a rise of 5%.
In Preston Town Centre the average price rose to £112,295, up by 5.1% on the year to September 2019. Overall, 61 houses changed hands here between October 2019 and September 2020, a drop of 45%.
In Cadley & College the average price rose to £221,392, up by 6% on the year to September 2019. Overall, 84 houses changed hands here between October 2019 and September 2020, a drop of 9%.
In Ashton-on-Ribble & Larches the average price rose to £148,842, up by 9.8% on the year to September 2019. Overall, 128 houses changed hands here between October 2019 and September 2020, a drop of 9%.
In Longsands the average price rose to £210,369, up by 16.3% on the year to September 2019. Overall, 101 houses changed hands here between October 2019 and September 2020, a rise of 1%.
In St George's the average price rose to £94,026, up by 16.3% on the year to September 2019. Overall, 19 houses changed hands here between October 2019 and September 2020, a drop of 5%.
In Haslam Park the average price rose to £165,217, up by 17.7% on the year to September 2019. Overall, 69 houses changed hands here between October 2019 and September 2020, a drop of 46%.