The Property Market in Preston
Preston is set to benefit from the High-Speed Train network (HS2), which will connect the city with the north and the midlands more frequently and reliably. The fast and frequent trains will serve the current stations in Preston, reducing travel time to Birmingham to just 50 minutes from 96 minutes, and London to just 78 minutes from 128 minutes. Additionally, Manchester and Liverpool can be reached within the hour, making Preston an ideal location for commuters and investors alike who are looking for properties for sale in the UK.
The city's transport connections don't end there. Blackpool Airport is conveniently located just 18 miles away from Preston, providing easy access to the rest of the UK and Europe. Multiple flights can be found to various destinations around Europe, including Barcelona, taking just over 2 hours, and at very affordable prices. This accessibility is a major factor in making Preston a highly desirable location for property to buy for investors as it is favorable for anyone that prefers to rent in a highly connected area.
Preston also boasts several big employers, including the NHS, which offers leading industry facilities such as teaching hospitals and leadership academies. Another notable employer is BAE Military, a multinational aerospace company. DAF, a large truck brand, employs over 1,100 people at their site in Preston. In addition, EDF Energy is also a major employer in the city. All these job opportunities make it an attractive place for professionals who are looking to relocate and are interested in making Preston their second home investment.
Overall, with its excellent transport links, employment opportunities, and affordable property prices, Preston is a city that offers much to residents and investors alike who are looking for apartments in Preston.
Developments Map View
Average current prices in the last 12 months have averaged £188,894 and are more 7% higher than pre-pandemic levels.
Average rents are currently £936pcm, with 1-bedroom apartments at £683pcm and 2-bedroom apartments at £836pcm.and generating gross yields more than 7%.
Preston’s population is currently 332,000 and has grown by more than 1% in the last 5 years.