The High-Speed Train network (known as HS2) trains will serve the current stations in Preston. This means there will be fast, frequent, and reliable connections and connecting Preston with the north and the midlands, more often, and heading north to Cumbria and Scotland.
This change reduces travel time to Birmingham from 96 minutes to 50 minutes, and London from 128 minutes to 78 minutes. Manchester and Liverpool are reached within the hour making Preston an ideal location, with further strong connections to the rest of the UK as well as European and international destinations.
Blackpool Airport is located just 18 miles away, which connects this location with the rest of the UK and European destinations. Flights can be found to multiple destinations around Europe, such as to Barcelona, taking just over 2 hours, at very affordable prices.
The big employers in Preston include the NHS with leading industry facilities such as teaching hospitals and leadership academies, BAE Military a multinational aerospace company, DAF the large truck brand employs over 1,100 at their site in Preston and EDF Energy just to name a few.
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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.