A £40m flood defence scheme unveiled for Preston  

 

The mock-up of a flood risk development scheme for Preston and South Ribble is expected to protect about 3,600 residential properties and more than 300 businesses.  

With a goal of lowering the flood risk for those in Preston Riversway up to the M6 and Higher Walton, the proposals include flood walls and embankments in various strategic locations. The new flood defence scheme has been developed by The Environment Agency, Lancashire County Council, and additional partners.  

The need for new defences in Preston 

Currently, the flood defences in place for River Ribble were built at different points between the 1920s and 1980s and are needing to be replaced. Some homeowners and businesses in PR postcodes have found it expensive to get insurance for their properties, even in locations that haven’t had a flood in 50 years.  

In the surrounding area, the biggest number of addresses considered to have a high risk of flooding are located in postcodes starting with PR2, which are mainly around Preston’s dock estate and the suburb Ashton. When the flood defence scheme is completed, it is expected to help Preston’s property marketwith the expectation of it becoming easier to get home insurance and mortgages. 

The project is dependent on European funding, but it has been said that it won’t be affected by Brexit. Hundreds of locals attended a recent drop-in information session to inspect the plans and offer feedback.  

Works could start on the scheme this year and are expected to take in between five and six years to finish. Ground surveys have already begun and will take several months to complete.

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

ba-

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.

Login

Not a member? Sign up for free

A £40m flood defence scheme unveiled for Preston  

A £40m flood defence scheme unveiled for Preston  

Example

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.