UK Property Hotspots: Spotlight on Preston

 

Preston is another north west area that has been awarded city status in 2002. It is a great, upcoming area for investors for a number reasons. Here are our top three.

1. Location

Situated north of Manchester, Preston is home to UCLAN (University of Central Lancashire) which brings around 30,000 students to the city. Its railway station is a major station on the West Coast main line providing easy access across the North West of England and beyond. A trip to Manchester will take you 40 minutes while you’ll get to Blackburn in only 17 minutes.

One of the city’s main high streets in the centre has been upgraded to create a contemporary shared space for both pedestrians and vehicles. And a hopeful vision is to make Preston a key destination prior to the possible arrival of the planned HS2 network in the city.

https://www.buyassociation.co.uk/2016/12/23/uk-property-hotspots-spotlight-warrington/

2. Investment & Regeneration

One of the city’s biggest achievements is the Preston and Lancashire City Deal. This is a landmark agreement to achieve a transformation of the area, creating thousands of new jobs and homes.

A total £434m new investment is pledged, 20,000 new jobs are forecast and 17,420 new homes will be created. The deal will provide a huge boost to the local economy, which is expected to grow by £1 billion over the next ten years.

On top of that, the £50m Markets Quarter development is a major regeneration plan that comprises a new 11-screen cinema with a large format experience screen, seven family restaurant units and a new multi-storey car park of 593 spaces.

https://www.buyassociation.co.uk/2017/01/13/2017s-top-5-uk-property-investment-shows/

3. Universities

As one of the biggest universities in the country, the city deal project will be helping to improve the UCLAN’s campus and see the construction of a new Engineering Innovation Centre building due to start in 2017.

With a student and staff community approaching 38,000, UCLAN is the fifth largest employer in the North West of England. And two years ago, in 2015, the Centre for World University Rankings placed UCLan in the top 3.8 percent of all worldwide universities

Highgrove Mews

High Net Yield Freehold Houses

  • Commutable to London (27 mins to central Paddington station)
  • Rental demand extremely strong with large industry presence in Reading
  • Freehold with 4% net yield

£284,955 - £457,000

St Petersgate – Stockport Manchester

New Launch - Stockport Manchester, apartments from £160,000

  • Discounted launch prices from £160,000
  • Excellent transport links with 3 trains per hour to London Euston and only 9 mins journey to Manchester Piccadilly
  • Experienced development team

Assured Rent Housing Association Leases

Assured Rent Housing Association Leases

  • Assured rent & no rental voids
  • Tenant damage cover & newly refurbished inline with requirements of a corporate sitting tenant
  • Free property and lettings management

From £62,000

Emerging Birmingham Commuter Town With Properties From Just £104,000

The emerging Birmingham commuter town where properties are selling in an average of just 24 days

  • A collection of 62 two bedroom apartments and 28 one bedroom apartments.
  • DE14 is one of the fastest selling postcodes in the West Midlands.
  • 23 minute train journey into Birmingham New Street Station.

Properties from £104,000

Mill, Stockport

The Northwest's emerging property hotspot

  • Discounted off-plan 2-bed prices from £162,000
  • Completion date - Q4 2021
  • Rental yields - 6% plus

Discounted off-plan 2-bed prices from £162,000

South Central – Birmingham City Centre Apartments

Highly anticipated 28 storey launch in Birmingham City Centre with an impressive roof garden and communal facilities.

  • 154 units across 28 storeys
  • Residential multi-media community room, gym, roof garden and sky cinema
  • Excellent future connectivity via the metro system to other key transport hubs and locations around the city

from £205,800

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UK Property Hotspots: Spotlight on Preston

UK Property Hotspots: Spotlight on Preston

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