Table of Contents
Top Reasons to Invest in New Build Developments in Preston
Investors can tap into local life whilst enjoying the urban benefits of Preston’s rapidly growing infrastructure.
Economic Growth and Job Opportunities
We’ve been watching Preston’s economy closely, and it’s really on the up. The City Deal has brought in a wave of investment—over £430 million so far, which is no small feat for a city this size.
That’s thousands of new jobs being created, especially in healthcare and education. Think about it: with the Royal Preston Hospital and the University of Central Lancashire expanding, we’ve got a steady stream of professionals and students who need quality housing nearby.
And it’s not just any housing; they’re looking for places with easy commuter access and modern living standards, like those popping up in Cottam and Lea. As an investor, this is huge because high demand often means low vacancy rates and a steady income stream.
Population Growth and Housing Demand
The population increase in Preston cannot be overlooked. People migrating here for business, education, and a higher quality of life drive this average 1.3% annual rise rather than any random trend. Long-term tenants, in particular, are drawn to neighbourhoods like Fulwood because of the outstanding schools nearby. Just an hour’s drive from the Lake District, Preston appeals to renters who value weekend getaways and nature access.
Source: Office For National Statistics
If you’re eyeing a property in Preston, look at areas with solid educational options and green spaces; it’s what families love, and it’s what keeps rental demand high. Developments near primary and secondary schools or close to parks like Cuerden Valley Park and Ribble Valley have an almost guaranteed appeal, not just now but for years to come.
Families are drawn to Preston for its proximity to high schools, primary schools, and top-notch leisure centres, ensuring a vibrant and fulfilling lifestyle for residents.
Regeneration and Development Initiatives
Preston’s been putting a lot into its regeneration, and it’s paying off. Some major improvements, like the renovation of the Harris Museum and the addition of new canal-side walks, have made the Preston city centre very lively. These changes aren’t just for looks; they’re also meant to raise property values, and they’re working.
Preston’s bustling city atmosphere combines economic growth with a lively social scene, drawing a steady influx of renters. The nearby historic Leyland test track redevelopment enhances the area’s appeal with new housing and commercial spaces, contributing to local growth.
Places like Fishergate and Ashton-on-Ribble, which used to be quieter, are now hotspots where prices are rising by about 5% each year. Investing here means you’re not just buying a property—you’re buying into a city that’s transforming, and that’s powerful for long-term growth.
Preston, Lancashire, is a thriving hub that combines modern urban living with cultural richness and excellent connectivity. The Harris Museum and Art Gallery, located in the city centre, offers a glimpse into local history and art, making it a key attraction just 10 minutes from many of the city’s popular neighbourhoods.
Low Maintenance and High Energy Efficiency
One feature about new constructions that appeals to me? Built to the most recent energy standards and minimum maintenance, Many of these Preston developments have outstanding energy ratings; consider modern insulation, double-glazed windows, and energy-efficient equipment.
It’s the kind of detail that attracts tenants who are savvy about their utility bills and looking for low-carbon options. I’ve found that homes with high Energy Performance Certificate (EPC) ratings can even command higher rents because they appeal to those wanting to keep costs down without sacrificing comfort. Plus, as a landlord, fewer repairs mean lower costs, which adds up to a better bottom line.
Strong Rental Yields and Capital Growth Potential
If you’re looking at rental yields, Preston’s got some of the highest in the region, especially for new builds nearby Preston city centre. Average yields are sitting around 6-8%, and in some areas, you might even see higher.
Places close to amenities like Centurion Park or excellent transport links and primary and secondary schools into Manchester are always popular, and that steady tenant demand means you’re not just looking at strong rents—you’re also looking at capital growth potential.
With excellent commuter links, Preston is ideal for professionals who need quick access to Manchester, Liverpool, and beyond. I’ve seen property values here increase 4-5% per year in recent times, which is fantastic if you’re holding for the long term. It’s a great mix of income now and appreciation down the line.
For commuters, Preston train station provides seamless connections to Manchester City Centre and beyond, with Manchester just 20 minutes away by train. Proximity to the Lake District and Manchester Airport further enhances its appeal, making it a perfect location for professionals and families alike.
Featured New Build Properties Around Preston For Your Investment
Developments near Preston’s local centre provide easy access to shops, dining, and community hubs, enhancing tenant convenience. Properties near Preston Centre attract renters seeking vibrant city living with proximity to schools, healthcare, and entertainment.
Local developments often feature amenities like car parks, ensuring convenience for residents. Many properties offer part exchange schemes, making upgrading to your dream home a hassle-free experience. The city’s vibrant shopping centres and easy access to Edge Hill further position Preston as a desirable place to live and invest.
Here are some expert-recommended new-build properties that promise strong rental yields and high tenant demand:
Preston's Guildhall Gardens
Nestled in the prestigious Winckley Square Conservation area, Guildhall Gardens is poised to become a standout new development in Preston’s lively city centre. The economic growth in Lancashire and the ongoing revitalisation of Preston make this area perfect for renting to people who like a mix of old-fashioned charm and modern ease.
Guildhall Gardens is great for professionals and couples who want to live in the centre of the city but don’t want to be too close to the University of Central Lancashire (UCLan) or the lively shops and restaurants at Fishergate Shopping Centre.
Key Property Highlights
£766 pcm
20%
Q3 2023
£2,500
- Located in Winckley Square, one of Preston’s historic and affluent areas
- Features 32 one-bedroom homes and 3 two-bedroom apartments with stylish, contemporary interiors
- Satisfies Preston’s growing demand for premium rental properties in the city centre
- Short walk to UCLan, Market Hall, and Fishergate Shopping Centre
- Ideal property for investors, with Preston’s rental market on the rise
- 0.5 miles from Preston Train Station, 0.2 miles from Miller Arcade, and 1 mile from Avenham Park
Angel Gardens
A sustainable-focused development in Liverpool’s regeneration zone, Angel Gardens offers eco-friendly living just a 30-minute drive from Preston.
With green roofs, sustainable materials, and spacious apartments, this property caters to young professionals, students, and executives who value an environmentally conscious lifestyle. Its prime location near Liverpool’s Knowledge Quarter makes Angel Gardens suitable for both short- and long-term rental strategies.
Key Property Highlights
10% NET
£1,540 pcm
Q4 2026
£5,000
- Includes green roofs, sustainable construction materials, and energy-efficient technologies.
- Spacious one- and two bedroom apartments, greater than Liverpool’s typical unit size, with private balconies
- Up to 10% NET returns, with initial deposits beginning at £20,000.
- Nearby regeneration areas include Liverpool Waters, Knowledge Quarter, and Project Jennifer.
- Approved flexible rental strategies that appeal to both business and leisure renters.
- It’s 0.7 miles from Liverpool Lime Street Station, 0.5 miles from John Moores University, and 1 mile from Liverpool One.
Berkeley Square
Berkeley Square is a popular development in Manchester that is only 35 miles from Preston. It’s popular with workers, students, and families. Its central location, and closeness to Deansgate and other cultural hotspots, make it a choice among people who want to live a lively city life. Berkeley Square has large, well-kept flats that are great for short-term rentals for people in Manchester who are always on the go.
Key Property Highlights
£1,065 pcm
25%
Q2 - Q4 2026
£5,000
- A 30-minute drive from Preston
- High-quality finishes, spacious layouts, and communal lounge areas
- Located near business and cultural centres, ensuring strong rental demand
- Close to Deansgate, Manchester Piccadilly, and major shopping areas
- Manchester’s booming economy ensures steady rental demand
- 1 mile from Deansgate, 0.8 miles from Manchester Art Gallery, 0.5 miles from Spinningfields
Initiate a powerful sequence of your property growth and reinvestment.
Initiate a powerful sequence of your property growth and reinvestment.
Unleash how successful investors build wealth, reduce financial stress, and achieve financial freedom.
Sovereign Point
Offering luxury waterfront living, Sovereign Point is perfect for professionals and sports enthusiasts drawn to Liverpool’s dynamic lifestyle. This new building is only 30 minutes from Preston and has high-end apartments with views of the River Mersey and landscaped common areas. Since it’s close to culture centers, sports venues and outstanding schools, it attracts a wide range of tenants, from business people to sports fans.
Key Property Highlights
£839 pcm
10%
Q3 2025
£5,000