Area Guide For Preston

Preston is a village and civil parish about 3 miles (4.8 km) south of Hitchin in Hertfordshire, England. The village grew up around the Templar holdings at Temple Dinsley, and Princess Helena College is now on the site. The first church was mentioned in 1252, when six acres (24,000 m) of land was given to nuns from Elstow, Bedfordshire. Temple Dinsley passed on to the Knights Hospitaller after the dissolution of the Templars. When the Hospitallers were in turn dissolved in 1542, the manor went to Sir Ralph Sadleir. In the 17th century the village became linked with John Bunyan, who used to hold services in a natural amphitheatre now called Bunyan's Dell. St Martin's, the local Anglican church, opened in 1900. The ruined Minsden Chapel, reputed to be haunted, is located near the village, though is actually in Langley civil parish.


Preston Map

Estimated Price: £176,822
Average Asking Price: £215,449
Price change in last one year: £8,131
Average Price Paid: £159,961
Average Rent Rates: £740


Property Prices Breakdown in Preston

Average Price for property in Preston is around £176,822 which varies based on type of property you are interested in and ranges from £279,799 for detached house to around £162,667 for semi-detached. Similarly terraced house is around £111,847 and a flat is worth £108,510. Values have been changing and have risen £164 in last 3 months alone. Similar historical trend can be observed in price changes e.g. prices changed £542 in last 6 months, £8,131 in last 1 year, £15,434 in last 2 years, £14,430 in last 3 years, £10,570 in last 4 years and £7,795 in last 5 years.

Currently average asking price of a property in Preston is around £215,449 based on approximately 3,114 properties for sale. Same is the case with rental options based on 697 properties up for rent, average asking rent is around £740 per month.

Estimated property value in Preston is £176,822. Average asking price is £215,449 while average price paid is £163,667 which is up by £8,131 and Avg. asking rent £740.Based on an Online Survey

Buyers are willing to pay high dollar prices to grab these properties because of the recent trend in real estate investment especially in Preston area. In last 1 year alone average price buyer paid is around £163,667 based on approximately 3,114 sales in Preston area alone. If you compare it to last 3 years sales of 9,215 properties where buyers paid around £160,397. It has been same for some time now for e.g. if you take an average of amount paid in last 5 years, it comes to around £159,961 for 15,188 and average amount paid for purchase of approx. 21,145 properties sold in last 7 years comes to about £160,339 per sale.


Properties For Sale in Preston


Breakdown of asking prices for homes of different sizes show that price varies clearly based on no of bedrooms and type of house. Asking price for a house with 1 bedroom is around £119,270, £120,918 for a 2 bedroom house, £163,939 for a 3 bedroom house, £295,875 for a 4 bedroom house and £463,172 for a 5 bedroom house. For a flat similarly the prices varies from £72,890 for a single bedroom to £97,470 for a 2 bedroom Flat. Same is the case with 3 bedroom flat £226,499, £180,000 for a 4 bedroom flat and £230,000 for a 5 bedroom flat. To sum up the asking prices for properties in Preston it comes to around average £89,916 for 1 bedroom property, £115,410 for 2 bedroom, £164,214 for 3 bedroom, £295,690 for 4 bedroom and £461,824 for a 5 bedroom property.

Rent per calendar month varies similarly based on type and size of the house. If you look at the rents per month for houses alone it can vary from £344 for 1 bedroom to £507 for 2 bedrooms, £639 for 3 bedrooms, £1,033 for 4 bedrooms and £1,225 for 5 bedrooms house. But if you are interested in renting a 1 bedroom flat then rent per month can be around £436. As the no. of bedroom increase so will the rent e.g. for a 2 bedroom flat it will be around £535, £832 for 3 bedroom, £293 for 4 bedroom and around £1,524 for 5 bedroom flat. You should be generally be expecting around average £415 rent per month for single bedroom property, £519 for 2 bedroom, £652 for 3 bedroom, £1,006 for 4 bedroom and approximately £1,256 for a 5 bedroom property in Preston area.

Popular Houses in Preston

Disclaimer : Location real estate estimates and values are based on House price index background data and Sales data provided by United Kingdom Land registry Records available as public records from their website. This information is updated monthly on our website and may not reflect all public transactions. This information is based on estimated calculation generated from our developed algorithms. We are striving to make this information as accurate and useful as possible. This data covers the transactions received at Land Registry in the period 1/1/1995 to 9/1/2014. © Crown copyright 2014. Data produced by Land Registry © Crown copyright 2014.

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