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Overview of Flats for Sale in Preston, Lancashire
Preston, Lancashire, is becoming a notable spot for property investment, with a range of flats that cater to all kinds of investors—from those starting out to seasoned portfolio builders. The diversity in Preston’s market is impressive, with everything from modern studio flats to spacious, beautiful apartment in both urban and suburban settings.
There’s something for everyone in Preston, really. The central locations near the University of Central Lancashire (UCLan) and the bustling city centre offer quick rental turnovers, thanks to a steady stream of students and young professionals looking for city-living perks.
But if you’re interested in properties that promise steady growth and capital appreciation, the outskirts—think Ashton-on-Ribble and Ribbleton—might be more your speed. Prices in Preston are still a fraction of what you’d pay in Manchester or Liverpool, making it a fantastic area for building a strong property portfolio.
Top Flats Available on Sale Near Preston, Lancashire
If you’re looking to invest just outside of Preston’s city centre, there are some real gems that cater to a variety of tenant needs. Here are two that I’d personally recommend based on their unique appeal and tenant draw.
Guildhall Gardens
For people who want to buy apartments and attract young workers, Guildhall Gardens is a great choice. This building is close to the centre of Preston, so renters can quickly get to the shops, cafes, and nightlife in the city centre. The transportation links are also great.
We’ve found that young professionals and recent grads love the vibe here, and the flats come with modern touches that make them extra appealing. Guildhall Gardens also offers secure entry and nearby parking, which is a big plus for renters who want that extra sense of security and convenience. It’s a property that you should definitely check out if your aim is to own a flat with high rental demand and a little empty time.
£766 pcm
250 Years
Ready-Now
Q3 2023
Project Highlights
- It is in Winckley Square, a well-known part of Preston that draws both locals and tourists.
- Features 32 apartments with one bedroom and 3 units have two bedrooms. All of the furnishings are modern and stylish.
- Conveniently based near UCLan, Market Hall, and Fishergate Shopping Centre.
- Only 0.5 miles from Preston Train Station, making it easy for travellers and workers to get to and from work.
- Large demand for high-end serviced flats because of Preston’s booming economy and revitalisation.
Berkeley Square
Berkeley Square, on the other hand, is located in Fulwood—a more residential, community-focused part of Preston that’s popular with families and long-term tenants. For renters who want a more peaceful environment but still require good access to the city and local amenities, this property is a real gem.
Fulwood is known for its parks, schools, and easy access to public transport, which makes it great for families and professionals planning to settle down. Berkeley Square flats are spacious, well-maintained, and feature communal gardens—perfect for tenants who value a bit of greenery and outdoor space. This property is ideal if you’re looking for steady, long-term rental income with lower tenant turnover.
£1,065 pcm
250 years
Off-Plan
Q2 - Q4 2026
Project Highlights
- High-end finishes and modern designs make the apartments comfortable for both business and pleasure travellers.
- Located near busy business areas like Deansgate and Piccadilly, this flat is perfect for professionals.
- Culturally-minded tourists will like how near it is to the Manchester Art Gallery, Deansgate, and Spinningfields.
- Designed with social areas for networking or relaxation, enhancing the living experience for tenants.
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Investment-Ready Flats on Sale Across the UK
If you’re open to broadening your property portfolio beyond Preston, there are some exciting investment opportunities in other major UK cities. These two stand out for their location, rental demand, and future growth potential.
City Gate, York
City Gate in York is a smart newly built development with 62 premium flats on sale spread across five floors. This is approximately 88 miles from Preston City Centre, with a drive time of around 1 hour 45 minutes via the M62 and A59.
This property has a distinct architectural style thanks to a combination of dark and light brick, as well as wooden cladding. Each flat is finished with high-end materials, like Italian tiles in the bathrooms so that renters can live in style.
This property type has many nice features, like a luxury gym, private gardens, safe parking, and even a concierge service. This property is in York, a city known for its historical charm and booming tourism industry. It is perfect for both long-term renters and short-stay guests.
£3,253 pcm
20%
Ready-Now
12.22%
Project Highlights
- The project features 62 flats with a modern design.
- The interiors are very nice, with bathrooms made of Italian marble and rooms that are big and bright.
- There are many nice features on-site, like a 5-star lobby, private gardens, safe parking, and a high-end gym.
- There are also some fourth-floor flats with terraces, making them more appealing to picky renters.
- Located in a great spot in York, a city with a lot of tourists and businesses. This makes it perfect for both long-term and short-term rentals.
The Merchant, Hull
The Merchant is a fantastic luxury apartment development in the middle of Hull. This modern home is intended to create a refined urban living experience, with bespoke interiors and high-quality finishes throughout. The Merchant has 29 apartments with one or 2 bedrooms. Each one is designed to fit the needs of the busy students and young workers in the area.
The city of Hull has a strong economy and a lot of cultural activities, which makes it a good place to rent. This property is close to key points, shopping malls, pubs, and restaurants, making city living easy for its people. Hull Station is only a five-minute walk away, and it’s easy to get to Leeds, York, Manchester, and other major cities in the UK. This property is roughly 122 miles from Preston city centre.
£776 pcm
999 Years
12%
Q3 2024
Project Highlights
- With 29 stylish one- and 2-bedroom flats that have been custom-designed and decorated in a modern style.
- In the middle of Hull’s city centre, close to the Maritime Museum, The Deep Aquarium, and the Ferens Art Gallery.
- Only a few minutes’ walk from Hull Station, which has easy rail links to Leeds, York, Sheffield, and Manchester.
- Surrounded by shopping centres, bars, restaurants, and cafes, providing a vibrant urban lifestyle.
- Positioned to attract young professionals and students, thanks to Hull’s fast-growing economy and rich cultural offerings.
Types of Flats Available in Preston
If you’re looking to refine your property search in Preston, Lancashire, filtering options by max beds and min beds can help you find the ideal flat to suit your investment or living requirements. Whether you’re after a compact studio or a spacious two-bedroom apartment, these filters make it easy to explore properties that match your goals, whether it’s maximising rental yield or securing a comfortable home in sought-after locations such as Guildhall Gardens or Fulwood.
Studio Flats
Studio flats are fantastic entry-level investments, especially if you’re new to the property. These small spaces, typically 250-350 sq ft, are highly appealing to students and single professionals.
In Preston, studio flats can start around £60,000, which is great if you’re on a budget but want a slice of the city centre. I’ve found studios offer high rental yields, though you do have to keep an eye on tenant turnover since these renters often move in and out more frequently.
One-Bedroom Flats
One-bedroom flats on sale are a step up, with a bit more space and tenant appeal. Typically priced between £80,000 and £120,000, these flats attract young professionals who appreciate a bit of extra room and are willing to pay a bit more.
Areas like Ashton-on-Ribble and Deepdale have many one-bedroom flats that offer stable rent, longer tenancy periods, and gradual appreciation. They’re also a fantastic choice for investors focused on mid-range budgets but wanting a bit more stability in tenant retention.
Two-Bedroom Flats
If you are searching for a versatile option, 2 bedroom flats on sale provide the best balance for small families, roommates, and professionals who need more space. The prices are about £130,000 to £160,000 a year for a two-bedroom flat in a residential area like Penwortham or Fulwood.
Tenants tend to stay for a long time, especially those with young children. These flats are not only in high demand, but they also often have better features, such as parking and shared gardens, which makes them a good mid-range purchase.
Luxury Flats
If you want something exceptional, Preston’s luxury apartments will not let you down. These homes, which usually cost more than £200,000, have high-end finishes, private porches, and high-end services like gyms and concierges.
Penwortham and other nearby areas offer a higher level of privacy, while trendy, up-to-date apartments in the city centre are perfect for both young workers and families. It’s a higher investment, but the tenant pool here is often professionals willing to pay for the added comfort and quality.
Luxurious apartment boasts chances of getting rented out faster. Here stunning one and two-bedroom penthouse apartment situated in one of Preston’s most sought-after luxurious residential development. Boasting a large living room with high-end finishes, this penthouse apartment offers both space and style, perfect for those looking for top-tier north west homes.
Student Accommodation
Given that UCLan is right here in Preston, student accommodation is a real opportunity. Purpose-built student flats or smaller studios cater to the continuous influx of students each year.
Student flats on sale in Preston lancashire almost always have high occupancy rates, especially those within walking distance of the university, and prices can range from £55,000 for entry-level studios to £100,000+ for higher-end student accommodations. It’s a market segment that demands careful management, but it can also generate incredible results in terms of both yield and stability.
Price Range for Flats in Preston
When we started exploring Preston, Lancashire, for investment, we were pleasantly surprised by the range of property prices here. Compared to Manchester or Liverpool, you can get a lot more for your money in Preston. Generally, for a decent flat, you’re looking at prices in the ballpark of £120,000 to £140,000, although it really depends on the neighbourhood and the type of flat you want.
Take the city centre, for example. If you search for flats near the University of Central Lancashire (UCLan), prices can creep up because demand is consistently strong. Students and young professionals love being close to the action, so these flats are worth every penny if you’re looking to attract short-term renters who pay a premium for convenience.
On the other hand, if you move out to quieter areas like Fulwood or Ashton-on-Ribble, you’ll find bigger flats at a similar price, which long-term tenants tend to favour. This flexibility means you can target different types of tenants and really tailor your investment to get the desired results, whether that’s high yield or long-term occupancy.
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Amenities and Facilities in Preston Flats
One of the reasons we often recommend Preston is the sheer variety of amenities you can find across different types of flats on sale here. When you’re investing, it’s not just about the flat itself, but also the facilities that come with it. Here’s what we’ve noticed across different kinds of properties in Preston.
Common Amenities
Most flats in Preston come with basic but essential amenities that tenants expect. The usual amenities here are safe access, on-site parking, and occasionally communal gardens or green areas.
From our experience, young professionals and students who value convenience love homes close to the city centre or well-connected transportation hubs. These basic but necessary conveniences help to draw renters looking for dependable, useful rooms, so these flats are a quick let for investors aiming at consistent rental revenue.
Luxury Amenities
There are also high-end apartments for sale in Preston, for those interested in that market. As you might expect, flats in high-end buildings often come with high-end appliances, private balconies, and even underfloor heating.
We often tell our clients about a place near Winckley Square that has a mix of old-fashioned charm and modern conveniences like gyms and butler service. It’s perfect for attracting professionals who are happy to pay a bit more for quality. Flats like these are a smart choice if you’re aiming for high rental income with lower tenant turnover, as tenants who rent here tend to stay longer.
Student Accommodation Features
Student accommodation is a key investment option in Preston with UCLan nearby. Many purpose-built student flats (PBSAs) that come fully equipped—including high-speed internet, study rooms, and laundry facilities—all meant to satisfy student needs have been spotted.
Certain even offer lounges or gambling sections, which are always popular. Investing in student accommodation has beauty in that it provides almost consistent demand and that, with a new batch of students every year, you seldom have to worry about vacancies.
Proximity to Essential Services
One thing we always tell investors is that proximity to essential services can make a huge difference in tenant satisfaction. Flats close to schools, healthcare facilities, and supermarkets are particularly popular in family-oriented areas like Fulwood and Penwortham.
When tenants can walk to the things they need most, they’re more likely to stay put, which keeps occupancy rates high and turnover low. If you’re aiming to attract long-term tenants, a flat near these essential services is usually a smart investment.
Investment Potential and ROI
Preston has shown strong potential for property investors, especially if you’re aiming for a mix of steady income and long-term growth. Here’s what we’ve observed in terms of investment potential and ROI in this area.
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Preston’s Real Estate Growth
Thanks in part to continuous growth and regeneration initiatives, Preston’s real estate market has been rising rapidly. Based on our experience, property values here have been increasing yearly between 5% to 7%. And the city is growing more desirable as new infrastructure developments including shopping centres and better transportation links emerge.
I’ve seen first-hand how some of these regeneration projects can really impact property values. Preston isn’t Manchester yet in terms of pricing, but it’s catching up in demand, making it a smart, affordable choice for investors who want long-term growth investing in the cheap flats on sale in Preston.
Expected Rental Yields for Investors
One of Preston’s biggest draws is its rental yields, which are among the best in the North West. In areas close to the city centre or UCLan, flats can yield around 6-8% annually, and some spots even touch 9%. That’s impressive for an area that still has relatively affordable property prices.
From our experience, if you’re investing in flats near UCLan, you’ll get consistent demand from students and young professionals, which helps keep your yields high. Even suburban areas like Ashton-on-Ribble give solid returns due to high demand and lower property costs, making Preston ideal for investors looking to generate regular rental income.
Value Appreciation Trends
Apart from rental revenue, Preston, Lancashire has considerable potential for capital growth. Preston is gaining from the persistent higher trend in house values in Lancashire, as shown by the Nationwide House Price Index. The growing population of the city, greater employment possibilities, and new transport links adding to its appeal all help to raise property values.
I often recommend areas close to new development or regeneration sites to investors who search for value appreciation. If you buy in one of these areas, you could see a nice increase in property value over the years, offering a blend of steady income and long-term gains that’s hard to beat.
Conclusion
Investing in flats on sale in Preston, Lancashire, is a great idea for both new and experienced investors. The city has a wide range of housing choices, from cheap studios to high-end apartments. As a result, it has high rental yields, steady demand, and a lot of room to grow.
The city’s affordability, growing economy, and strategic location make it ideal for those looking to build a balanced portfolio with solid income and long-term value. For a mix of reliable rental returns and capital appreciation, Preston truly stands out in the UK property market.
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