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Average Preston property value falls by £6,000, according to online agent

Posted on - 28th July, 2011 - 4:43pm | Author - | Posted in - Housing

Earlier in the year, we wrote about RightMovePlaces, a website produced by property agents Rightmove which allows residents to compare house prices, comment and rate different aspects of their local area.

London-based online property agents Zoopla have come up with an interesting tool that allows you to check the value of housing in your local area in the form of a heat map.

The map displays Zoopla’s house price data and makes it easy to use for both people looking to buy a house or those who are just curious to see how property fares in their local area.

According to Zoopla estimates, the average Preston home is valued at £161,362, which is a fall in value of £6,036 from last year. Other interesting figures include the news that there are 2,459 properties for sale in Preston, and 394 to rent.

You can even narrow your search by street (houses on my street are valued significantly below the average).

The heat map represents Zoomla’s data by accumulating its property values across the UK, and this is then broken down into showing several property factors like size, price and volume of properties.

I’ve attached a screenshot of the heatmap below, click through to Zoopla’s website and find out what property values are like in your local area. Red indicates a high value whereas blue indicates low. Thanks to Jemima Kiss at the Guardian who originally wrote about this.

 

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