Average Home Values

Average Home Values up £10k since 2023

The Office for National Statistics (ONS) reported UK house prices increased by an average of £10,000 in the year to October 2024. The report showed the value of a typical home to be an estimated £292,000, an annual increase of 3.4% compared to £282,000 recorded in October 2023.

In England the average house price increased by 3% year-on-year to £309,000. The highest regional increase was in Northern Ireland, where prices rose by 6.2% to £191,000. In Scotland, prices rose by 5.5% to £197,000, while in Wales there was a 4% increase to average house prices to £222,000.

However, monthly, property prices fell on average. In London, average property values were £7,000 lower between September and October, taking average prices in the capital down from £531,000 in August to £520,000 in October.

Average Home Values Preston

The Average Home Value in Preston was £180,000 in December 2024 (provisional), up 3.2% from December 2023. This was lower than the rise in the North West (5.4%) over the same period.

Mortgage Buyers Preston

For homes bought with a mortgage, the average house price was £186,000 in December 2024 (provisional). This was 3.5% higher than the average of £180,000 in December 2023 (revised).

We offer free initial consultation with no obligation.

Face to face appointments available at our Tarleton Office, Situated on the A59 between Southport and Preston.

We also offer remote and telephone appointments during the day and in the evening.

A MORTGAGE IS A LOAN SECURED AGAINST YOUR HOME OR PROPERTY.

YOUR HOME OR PROPERTY MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE OR ANY OTHER DEBT SECURED ON IT