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7 Cannon Street is a residential building situated on Cannon Street, Preston, PR1 with 6 addresses.
It ranks as the 1410th largest and 1257th most expensive of the 1,620 buildings in the PR1 area. The dominant property type is a modern flat built after 1980.
The building contains a total of 6 properties: 6 flats.
7 Cannon Street is a residential building situated on Cannon Street, Preston, PR1 with 6 addresses.
It ranks as the 1410th largest and 1257th most expensive of the 1,620 buildings in the PR1 area. The dominant property type is a modern flat built after 1980.
The building contains a total of 6 properties: 6 flats.
Sale prices range from £69,536 for 1 bedroom leasehold flats (409 ft2) to £117,594 for 3 bedroom leasehold flats (818 ft2) .
Monthly rental prices range from £560 pcm for 1 bed flats to £794 pcm for 3 bed flats.
The gross rental yield is between 8.1% and 9.7%.
The average value per square foot is £153.
The last sale in 7 Cannon Street sold for £120,000 on 28th June 2024. Since then prices are down an average of 0.0%.
The current average value in the building is £93,968.
The 7 Cannon Street Sales Market has increased by 21.5% over the last 10 years.
| Period | Year on Year | Average Price |
|---|---|---|
| May 2026 | -1.2% | £93,968 |
| May 2025 | 2.1% | £95,066 |
| May 2024 | 5.4% | £93,097 |
| May 2023 | 1.7% | £88,307 |
| May 2022 | 4.5% | £86,812 |
| May 2021 | 5.9% | £83,044 |
| May 2020 | 0.3% | £78,403 |
| May 2019 | 2.1% | £78,185 |
| May 2018 | -2.2% | £76,595 |
| May 2017 | 1.2% | £78,284 |
| May 2016 | 1.5% | £77,365 |
| May 2015 | 2% | £76,194 |
| May 2014 | 3.4% | £74,724 |
| May 2013 | -0.9% | £72,272 |
| May 2012 | -4.9% | £72,938 |
| May 2011 | -2.4% | £76,722 |
| May 2010 | -1.3% | £78,635 |
| May 2009 | -10.4% | £79,635 |
| May 2008 | -3.6% | £88,889 |
| May 2007 | 0% | £92,161 |
The current average rental value in the building is £681.
The 7 Cannon Street Rental Market has increased by 37.1% over the last 10 years.
| Period | Year on Year | Average Price |
|---|---|---|
| May 2026 | 2% | £681pcm |
| May 2025 | 4.4% | £667pcm |
| May 2024 | 8.5% | £639pcm |
| May 2023 | 5.3% | £589pcm |
| May 2022 | 4.6% | £560pcm |
| May 2021 | 9.5% | £535pcm |
| May 2020 | 1.9% | £489pcm |
| May 2019 | -1.9% | £479pcm |
| May 2018 | -0.9% | £489pcm |
| May 2017 | -0.6% | £493pcm |
| May 2016 | 0.7% | £496pcm |
| May 2015 | 2.3% | £493pcm |
| May 2014 | -0.1% | £481pcm |
| May 2013 | -1.7% | £482pcm |
| May 2012 | -1% | £491pcm |
| May 2011 | 2.5% | £496pcm |
| May 2010 | -0.5% | £484pcm |
| May 2009 | -5.2% | £486pcm |
| May 2008 | 3% | £513pcm |
| May 2007 | 0% | £498pcm |
The last sale was on 28th June 2024 for £120,000 and since then the market in the area has remained stable. The building has had a total of 6 sales since 1995.
7, Cannon Street, Preston, PR1 3NY has seen 6 sales in the last three years and no sales in the last twelve months.
The closest station to 7, Cannon Street, Preston, PR1 3NY is Preston (Lancs) station which is 600 metres away.
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According to data from the Environment Agency, the flood risk in this area is considered to be very low.
The recent census recorded whether a resident owned or rented their home.
In the area around 7, Cannon Street, Preston, PR1 3NY, 59.6% of property is privately rented and 19.2% is socially rented.
The graph below shows how this compares to North West and the rest of England & Wales.
The recent census recorded the highest level of education achieved by residents in the local area.
In the area around 7, Cannon Street, Preston, PR1 3NY, 22.0% of residents are recorded as possessing school level qualifications and 40.1% as possessing degree level qualifications.
The graph below shows how this compares to North West and the rest of England & Wales.
The most recent census in 2021 recorded the age of all UK residents.
In the area around 7, Cannon Street, Preston, PR1 3NY, the average age was 34.4 and the most common age was 22.
The graph below shows how this compares to North West and the rest of England & Wales
The recent census recorded whether a property was a primary or secondary home for the resident.
In the area around 7, Cannon Street, Preston, PR1 3NY, 0.0% of property was a second home.
Comparison figures for North West and the rest of England & Wales are listed below.
The recent census recorded the number of cars registered in each household.
In the area around 7, Cannon Street, Preston, PR1 3NY, there are an average of 0.6 cars per household.
See below for how this compares to North West and the rest of England & Wales.