Preston Property Investment: A Buy-to-Let Hotspot
Total Population (2022)
Annual GVA Contribution
Average House Price (2024)
House Price Growth (1995–2024)
Preston has quickly become one of the UK’s top locations for property investment, offering affordability, strong rental yields, and excellent potential for capital growth. Situated at the heart of the Northern Powerhouse, it’s a magnet for savvy buy-to-let investors, with a property market that caters to all tastes – from contemporary studio apartments to classic terraced homes.
The city’s ongoing regeneration projects and strategic location make it an ideal choice for property investment. For those considering areas near the University of Central Lancashire, there’s a wide selection of student accommodation available. Preston’s popularity is also boosted by its status as a key transport hub, offering excellent links to Manchester, Liverpool, and the Lake District.
At Flambard Williams, we specialise in helping investors discover the best property opportunities in Preston. Partner with us to expand your portfolio and take advantage of the city’s vibrant property market.
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Buy to let Investment Properties In Preston
Guildhall Gardens
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Property Price
Rent per month
Rental Yield
Why Invest in Preston?
A Thriving Economy
Preston is a leading hub for economic growth in the North West, driven by the government’s Northern Powerhouse initiative and ambitious local development projects. Contributing over £1 billion in Gross Value Added (GVA) annually, the city’s economy is underpinned by key employers such as Royal Preston Hospital, the University of Central Lancashire (UCLan), Lancashire County Council, BAE Systems, and Booths. Preston’s economy is currently valued at approximately £8 billion, with a growth rate of around 2.5% annually.
Economic Growth and Affordability in Preston
Preston boasts major employers like Royal Preston Hospital and UCLan, contributing significantly to the local economy. Projects like the Preston Western Distributor retain 82% of spending locally. Over the past decade, the economy grew 25%, with house prices averaging £172,000 (Sept 2024), offering affordability and strong investment potential.
Rising Population
Driven by its appeal to young professionals, families, and students equally, Preston’s population is steadily increasing. With over 30,000 students enrolling annually at the University of Central Lancashire, the demand for student accommodation in Preston remains consistent.
Growing Demand for Housing in Key Areas
The influx of young professionals in areas like Ashton-on-Ribble and the city centre boosts demand for new homes and flats.
Population Growth Outpacing National Trends
Preston's population rose 5% from 2011–2021, with a 2.6% growth from mid-2021 to mid-2022, surpassing the 0.9% decade average.
Connectivity and Transport Links - Powering Preston's Transformation
Preston boasts excellent connections to major UK cities, including Manchester, Liverpool, and Birmingham.
With regular trains to London in just 2 hours 14 minutes, Preston railway station serves as a key hub in the North West.
Proximity to Major Cities
Quick access to Manchester, Liverpool, and Birmingham makes Preston ideal for commuters.
Exceptional Rail Links
Reach London in just over 2 hours via Preston’s well-connected station.
Regeneration Boost
Transport upgrades and central amenities are driving property demand and growth.
60%
30,000+
6.30%
2 Hours 14 Minutes
The number of day visitors continues to rise and now stands at 54.28m – an increase of over 4 million visitors from 2022.
£1 Billion
Other figures show hotel occupancy rates from 2022 rose 2.2% to 76.5% in 2023, almost level with the 2019 figure of 78.4%.
High-Yield Apartments on Sale in Preston For Your Next Investment
Guildhall Gardens
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Property Price
Rent per month
Rental Yield
Guildhall Gardens is a stylish apartment development in Preston’s prestigious Winckley Square, offering high rental demand and modern living. This development provides a unique opportunity for investors seeking strong rental yields and long-term growth potential.
Close to city centre and key amenities
32 one-bedroom and 3 two-bedroom flats
0.5 miles from Preston Railway Station
Backed by a growing local economy
Connected to 4 major motorways and rail networks
Secure entry and nearby parking facilities
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