How is property performing in Penwortham?

Sitting to the south west of Preston below the river Ribble, Penwortham is one of the areas Dewhurst Homes has intimate knowledge of.

It’s a desirable location in its own right and has property for sale for every budget – 1 bedroom flats can be purchased for under £100,000 whilst executive homes can exceed £850,000. It’s a town that has developed too in a similar trajectory to Preston with its population growth.

Lower Penwortham is characterised by Victorian property, evident in the terraced homes along Leyland Road. Higher Penwortham is slightly more contemporary, dating from the 1920s to post war homes.

Newer developments have contributed to the population growth to almost 24,000 residents around Bee Lane, Broad Oak Farm and Kingsfold Drive, to name but three.

Great for families

If you’re looking for a place to settle with children, Penwortham is excellent with a choice of many primary schools and two high schools, one of which is Catholic, All Hallows on Crabtree Avenue.

Property in Penwortham

This is what Rightmove has to say:

“Most of the sales in Penwortham over the past year were semi-detached properties which on average sold for £180,337. Detached properties had an average sold price of £273,136 and terraced properties averaged at £141,120. Penwortham, with an overall average price of £198,056 was more expensive than nearby Preston (£167,752) and Lostock Hall (£165,882), but was cheaper than New Longton (£227,412). In the past year house prices in Penwortham were similar to the year before and 9% up on 2017 when they averaged at £182,277.”

There’s no doubt that Penwortham is a great place to call home and if you need any more advice about the area, contact our branch on 01772 748000 or email penwortham@dewhursthomes.co.uk