Longridge and Surrounding Villages: Your 2025 Property Market Update
At Pendle Hill Properties, we believe in empowering our clients with the latest insights to make informed property decisions. Our detailed analysis of the Longridge and Surrounding Villages property market provides a comprehensive view of trends and statistics over the past year. Here’s what you need to know:
Local Sales and Prices
Over the past 12 months, 313 properties were sold across Longridge and its surrounding villages, comprising 306 houses and 7 flats. This highlights a predominantly house-oriented market, with flats representing a niche segment.
Average sale prices
- Houses: £244,184
- Flats: £133,816
These figures illustrate the region’s strong demand for houses, with higher values reflecting their popularity.
Price Trends
Per square foot pricing changes:
1-year trend:
- Houses saw a slight decline of 0.6%.
- Flats experienced a significant rise of 15.9%.
5-year trend:
- Houses increased by 8.9%.
- Flats decreased by 7.9%.
10-year trend:
- Houses rose by 24.9%.
- Flats increased by 31.1%.
These long-term statistics demonstrate that despite short-term fluctuations, property investment in this region remains a robust choice, especially for houses.
How Longridge Compares
The average sale price for all properties in Longridge and its surrounding villages stands at £240,306, which is notably higher than the North West average of £192,812. This highlights the area’s appeal as a desirable location for buyers.
The highest recorded sale in the past year included:
- A flat sold for £166,000.
- A house sold for an impressive £1.2 million.
Local Demographics and Market Insights
- Homeownership: An impressive 81.1% of residents in the area own their homes, reflecting the stability and long-term appeal of the market.
- Population: The area is home to 22,363 residents, offering a vibrant and balanced community.
- Price per square foot: Properties in the area average £221 per square foot, showcasing excellent value compared to national figures.
National Market Context
To provide further perspective, the UK’s property market has seen notable movements:
- The average house price nationally increased by 3.4% year-on-year, reaching £292,059.
- October recorded 100,410 transactions, a significant 21% increase compared to the same month last year (source: HMRC).
While Longridge’s local market trends are unique, these national figures highlight the continued strength and resilience of the property sector across the country.
What Does This Mean for You?
If you’re considering buying, selling, or simply understanding the value of your property in Longridge or its surrounding villages, now is the time to act. Beyond the numbers, the area’s strong sense of community, high levels of homeownership, and consistent value growth make it an attractive choice for families and investors alike.