Preston Investment Property
Preston is the UK’s newest city, located in Lancashire in the north-west of England between the major cities of Manchester and Liverpool and the coastal town of Blackpool. After achieving city status in 2002, Preston has been the target of huge levels of investment and regeneration which have seen its economy boom in recent years, and is now a hotspot for property investors.
Preston is ideally situated just 27 miles north-west of Manchester and 26 miles north-east of Liverpool, both of which can be easily reached by road or train in less than an hour. It sits on the River Ribble and is just a short drive from the Forest of Bowland Area of Natural Beauty as well as the Yorkshire Dales National Park to the north. While the city is already well-connected, it is also set to benefit from the planned High Speed 2 (HS2) transport project, which will see line improvements and shorter journey times between Preston and major UK cities.
PR1 named eighth best area for rental yields in the UK with average returns of 8.65% – Totally Money