One to watch

Preston is now being considered as one of the UK’s emerging property hotspots, with its strategic “ City Deal” in place, £434 million has been invested into improving the city’s infrastructure, creating a thriving employment hub. With employment running at 82.8%, combined with growing city population, Preston was listed as the most improved city in Britain, by PWC, in 2018.

Investment aside, Preston is one of the best connected cities in the UK, with Liverpool and Manchester on the doorstep and excellent transport links, allowing easy access to London, Glasgow and Edinburgh in just over 2 hours.

Investors should take note of this sleeping giant, with rental yields already achieving an average 7% and capital growth continuing to increase year on year, now is the time to diversify your property portfolio into Preston.

Regeneration in and around Preston

The City Deal

The * City Deal* was in signed in September 2013, with an investment of £434 million, helping to expand transport infrastructure and create 20,000 new jobs

LEP

The Lancashire Economic Partnership is on track to deliver up to 11,00 new jobs, 3900 new homes and leverage 1.2 billion in new private sector investment by 2021

students-upskilling-for-job-market
University Masterplan

£200 million masterplan, with a 5 year vision to create a sustainable and state of art university which will enhance student and visitor experience

HS2

Productivity gains from the HS2, could help provide an extra 600m for the LEP region and 3,000 additional jobs. HS2 could mean 75,000 extra visitors a year, contributing an extra £3.3m to the city’s economy annually

Markets Quarter

The iconic victorian market is in the process of receiving an incredible £3m transformation, making it a local attraction for visitors looking for a new style dining experience, offering a unique blend of European foods.

property-is-stable-asset
Stoneygate Masterplan

25 hectare regeneration scheme to encourage the redevelopment of the area as a mixed use urban village, attracting residents, visitors,students and businesses

Spotlight on Preston

Business Growth 
and Migration

Business Growth 
and Migration

The Preston, Lancashire and South Ribble City Deal will generate more than 20,000 new private sector jobs, nearly £1 billion growth and £2.3 billion in leveraged commercial investment

Economy

Economy

£24.8 BILLION ECONOMY (Lancashire) with a growth target of £2.3 billion by 2026

Connectivity

Connectivity

Preston is one of the most well-connected cities in the UK. Road and rail links to major cities across the country – including Manchester, Liverpool, Glasgow, Birmingham and London

Regeneration

Regeneration

The City Deal will transform Preston, with a £434m investment which will plan to create 20,000 new jobs and 175,000 new homes.

Global Appeal

Global Appeal

Preston is now appealing to international investors and is proving to be an attractive proposition with low prices and high returns

Education

Education

Preston is the home to one of the UK’s largest and fastest growing universities, UCLan. Home to 30,000 students from over 120 countries.

The Nitty Gritty

House prices in Preston have increased by 19.56% in the last five years (*Zoopla 2019*)

The Preston and Lancashire City Deal is worth £434m and is transforming the city’s infrastructure

Preston is only 40 minutes from Manchester and 50 minutes from Liverpool by direct train

Aim to create 20,000 new jobs and build 17,500 new homes

PR1 postcode is producing average rental returns of 7%

Employment is running at an impressive 82.8%, which is greater than the 74.9% UK average

Your 2020 Preston Property Investment Guide

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