Regeneration in Preston is putting the city into the spotlight


A new study recently revealed that all of the UK’s top ten hotspots for buy-to-let investments are located in the North, now there’s an eleventh spot to keep an eye out for: Preston.

It’s not only the beautiful character building that make the area such an attractive area, Preston itself is becoming something of a property hotspot, but why?

One simple answer: The University.

Preston is home to UCLAN (University of Central Lancashire) which attracts a student population of around 30,000. There is also a large staff force that help to run the university, making UCLAN the 5th biggest employer in the North West.

Great location

Preston was awarded city status in 2002 and is now the third largest city in the North West. It is well located as a major stop on the West Coast mainline with direct routes across north west England. With Manchester 40 minutes away and Blackburn only 17 minutes away, Preston has strong connections with the whole region.

Exciting investment and regeneration plans

The Preston and Lancashire City Deal is a landmark agreement to achieve a once in a lifetime transformation of the area, creating thousands of new jobs and homes. £435m of new investment will lead to the unprecedented expansion and improvement of the transport infrastructure.

A forecasted 20,000 new jobs and 17,420 new homes are to be created, which is expected to grow the economy by £1bn over the next 10 years. Additionally, there is a £50m investment pledged for the Market Quarter area, with plans for a new cinema, retail units, restaurants and a car park.

City centre upgrade

The city centre has already benefitted from the City Deal, with the main high street being upgraded to create a contemporary, landscaped shared space for pedestrians and vehicles with modern furniture. Winkley Square (Metres from the main shopping area) has seen improvements to the historic park and surrounding buildings making it a property hotspot.

Fast travel for the future with HS2

Virgin trains are spending £1.5m on a major revamp of Preston mainline train station, and a new side entrance is underway in preparation for the HS2 project, which is strongly rumoured to be extended to Preston.

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


Talk to us

Speak to our UK property experts today: 

+44 (0) 333 123 0320

Open from 9am-6pm GMT

+852 9865 4446

Open from 9am-6pm HKT

Stamp Duty Calculator


Unlock members only investment opportunities and full development details. Join now – it’s free, quick and easy.


Not a member? Sign up for free

Regeneration in Preston is putting the city into the spotlight

Regeneration in Preston is putting the city into the spotlight


By submitting your details via this online form you agree to be contacted via email/phone/SMS by Direct Marketplace Ltd t/a BuyAssociation in relation to property investment and property developments . We do not share your personal details with third parties.  To view our full Privacy Policy click here.