# PR1 5JH Area Summary
PR1 5JH is located in central Preston, Lancashire, forming part of the city centre postcode district. This area encompasses a mix of city-centre living with a diverse range of property types. With 73 properties in the immediate vicinity and an average price of £123,201, this represents an accessible entry point into the Preston property market, sitting well below the national average and reflecting the affordability that continues to characterise much of the North West region.
The relatively modest average price point suggests this area comprises predominantly flats and smaller properties, typical of city-centre locations that attract first-time buyers, young professionals, and buy-to-let investors. Preston's city centre has benefited from ongoing regeneration efforts in recent years, with the area offering convenient access to Preston Railway Station, the Guild Hall, and the city's retail and leisure facilities. The concentration of properties at this price level indicates a vibrant rental market, supported by Preston's position as a commercial hub and its proximity to the University of Central Lancashire (UCLan), which drives consistent demand for affordable accommodation.
For investors and first-time buyers, PR1 5JH presents an opportunity to enter the market at a competitive price point whilst benefiting from central amenities and transport links, including direct rail services to Manchester, Liverpool, and London.
The average house price in PR1 5JH, Preston is £123,201. Prices range from £25,000 to £170,094.
There are 73 properties in PR1 5JH, Preston.
PR1 5JH contains 73 flat / maisonette properties.
Average house prices in PR1 5JH have fallen by 76.6% from £139,697 in 2005 to £32,667 in 2024.
PR1 5JH is located in Preston, Lancashire, England.