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    Property Investments in Preston

    If you’re interested in property investment in Preston, you’re in good company. At Brite Developments, we know a thing or two about property investment in this area. In this guide, we’re going to talk you through why you should invest in Preston and which areas are the best to invest in.

    Property investors will be interested to know that Preston is a city with exceptional employment rates and one of the UK’s most affordable property markets with the potential to grow significantly.

    Get in touch with us today and our experts will get back to you right away to discuss property investment in Preston. We have years behind us when it comes assisting investors and developers to secure the perfect properties to facilitate their investment needs. 

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    What Are the Main Advantages of Investing in Preston?

    A delightful city that sits on the north bank of the River Ribble in Lancashire, Preston is Lancashire’s economic centre boasting a good quality of life, excellent connectivity, and exceptional access to education.

    Affordable Housing in a Fantastic Location

    There is a reason why Preston has such a high student population – and why many people who move to the area for education decide to stay after their studies: Preston city is an affordable place to live.

    preston art gallery building

    High Speed Rail 2 (HS2)

    As one of the final stops of the High Speed Rail 2 (HS2) network, Preston will further establish the city as a major rail hub, making it one of the best UK destinations for travel and transport. 

    Preston is a major hub for land and rail logistics. It benefits from the rapid growth in home delivery and logistic services, lying on the M6 corridor and sitting just a few miles from the M62, M58, and M56. 

    preston railway station

    Cyber Warfare HQ

    Quite recently, the Government decided that they were planning to build a new £5 billion Cyber Warfare HQ in Samlesbury, Preston, which strengthens the city’s position as a National Tech Hub. 

    The Lancashire economy will receive a £5 billion investment as a result of the NCF’s (National Cyber Force) development, the greatest investment in the region in the past 50 years. It has left a region that has been suffering with below-average earnings and a lack of highly trained employment with a huge promise of high-tech job opportunities and employment.

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    Northern Powerhouse

    By investing £434 million directly in infrastructure through the Preston and Lancashire City Deal, the Government’s Northern Powerhouse plan hopes to drive the economy into the bigger northern cities. This is just one of the many massive regeneration projects and regeneration schemes set out by the Government and Preston City Council to benefit the city and boost its city status. 

    This will also include: 

    Local partner funding of £145.2M

    Private sector funding of £80M

    £51M of repayable funds from the HCA land receipts as a cash flow support to the Infrastructure Delivery Programme

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    Property Market

    The city’s housing market is just starting to take off thanks to major developments and investments in the city like HS2, new enterprises, population expansion caused by the Northern Powerhouse project, and reasonably priced housing on the local market.

    Due to the high percentage of potential renters who are employed, the high employment rate is undeniably advantageous for investors.

    Average Asking Price by Type in Preston (£000's)
    Number of Properties Found Advertised for Sale in Preston by Type

    Should You Invest in a Buy-to-Let Property in Preston?

    Taking into consideration the low entry points for acquiring a buy-to-let property in Preston, landlords and investors alike are starting to realise rental returns of over 7% in central Preston locations.

    Begin Your Preston Property Development Today with Brite Developments

    We have the knowledge and expertise to help you get started. Whether you’re investing for the first time or are already familiar with the property market, we help investors maximise their profits and growth by securing them the best property and finance that meet their needs entirely. 

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