Property trends for PR6

    PR6 covers areas in the south and west of Preston, in Lancashire. It is a largely residential district with a mixed character, appealing to both families and those seeking affordable housing outside the city core.

    At a Glance

    Average Property Price - PR6

    £250,235

    28

    National percentile

    Average Monthly Rent - PR

    £796

    21

    National percentile

    Average Net Household Income - PR6

    £35,088

    32

    National percentile

    Flat / Maisonette Yield - PR

    6.0%

    77

    National percentile

    10-Year Annualised Price Growth - PR6

    2.8%

    24

    National percentile

    10-Year Annualised Rent Growth - PR

    3.5%

    25

    National percentile

    Property Price & Volume Trends

    The average property price in PR6 is £250,000, placing it below the national average. Over the past decade, prices have grown at 2.8% per year—well below the national trend. Transaction activity has softened recently, with 428 sales in the latest full year compared to a 10-year average of 561, suggesting a notably weaker market.

    Rent & Yield Trends

    Average monthly rent stands at £796, below the national average. Rental growth over ten years has been 3.5% annually, slightly below the national pace. The flat yield has strengthened to 6.0%, up from a 10-year average of 5.2%, indicating improving returns for landlords in recent times.

    Income & Affordability Trends

    Average household income is £35,088, slightly below the national median. The price-to-income ratio of 7.4x has risen since 2016 (when it stood at 6.6x), reflecting moderately tightening purchase affordability. Rental affordability has edged marginally better: the rent-to-income ratio is 22.8%, compared to 23% in 2016.

    Resident Demographic Profile

    The age profile is markedly weighted towards older residents: those aged 50–64 make up 21.8% of the population, well above the national average of 19.8%, while young adults aged 16–24 are underrepresented at 8.9% versus the national norm of 11.0%. Owner-occupation is notably strong—34.1% own with a mortgage and 35.8% own outright, together well above national levels—while private renting is correspondingly lower at 15.8%. The employment mix is broadly similar to national patterns, with no major deviations.

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