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Residing on the north bank of the River Ribble, Preston is an absolute gem in Lancashire. I’ve been working with investors for years, and let me tell you—when it comes to property investment, Preston ticks so many boxes.
Sitting between Blackburn and Blackpool, and just a 45-minute drive passing Manchester city centre or Liverpool, it’s no surprise the city is becoming a property hotspot.
The city isn’t just about location, though. The bustling city centre is packed with charm, blending modern conveniences with a sense of heritage. From the Harris Museum to thriving restaurants, there’s always something happening.
And for those dreaming of a quieter life, Preston also offers plenty of green spaces like Cuerden Valley Park and Miller country Parks.
Whether you’re a first-time investor or looking to expand your portfolio, newly built homes here are ideal for modern living, promising energy-efficient designs and long-term capital growth.
Top New Build Homes for Sale in & Around Preston
Here are two projects we’d strongly recommend if you’re considering investing in new build homes for sale in and around Preston:
Guildhall Gardens
The Guildhall Gardens are located in the coveted Winckley Square Conservation Lake District, one of Preston’s most well-known landmarks.
If you want to invest in the city’s booming demand for leased apartments, go no further than this new building in Preston. Many short-term renters, business visitors, and tourists like Guild hall Gardens because of its unique blend of old and new buildings and rooms.
The building includes 32 one-bedroom flats and three two-bedroom apartments. Each one was meticulously designed to be both elegant and comfy.
You can stroll to the University of Central Lancashire’s area (UCLan), Market Hall, and Fishergate Shopping Centre from this excellent location. This makes it an excellent alternative for those looking to be nearby Preston’s top attractions.
£766 pcm
20%
Q3 2023
£2,500
- Situated in Winckley Square, a famous area of Preston with locals, students, and visitors alike.
- Includes 32 apartments with one bedroom and 3 apartments with 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
About 35 miles from Preston, in Manchester, Berkeley Square gives businesses a foothold in one of the UK’s biggest cities. Short-term renters and business travellers looking for high-end lodging in a central position will find it here.
Berkeley Square, with its proximity to economic and cultural hubs such as Deansgate, Piccadilly, and the Manchester Art Gallery, is suitable for both professionals and tourists.
Each flat in this new development has a wide layout, high-quality finishes and provides convenience to quick easy access communal facilities where residents can network or relax.
£1,065 pcm
25%
Q2 - Q4 2026
250 Years
- 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.
- Nearby 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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New Build Houses on Sale in the UK
If you’re interested in exploring properties beyond Preston, there are some incredible deals across the UK. And there are two properties that caught my eye, both offering great value and potential.
City Gate
City Gate in York is a smart newly built development with 62 premium apartments spread across five floors. This property has a particular architectural style due to the use of dark and light bricks, as well as wooden siding.
Each property is finished with high-end materials such as Italian tiles in the bathrooms, allowing renters to live in style.
This property type has several appealing features, like a luxurious gym, playhouse theatre, private gardens, secure parking, and even a concierge service. This house is located in York, a city renowned for its historical charm and thriving tourism economy.
It is ideal for both long-term rentals and short-stay guests. This house is approximately 97.2 miles from Preston’s city centre.
£3,253 pcm
20%
3%
250 Years
- It has five stories and 62 flats. The outside is a striking mix of dark brick, light brick, and hardwood cladding.
- 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.
- Some fourth-floor flats have terraces, which makes them more appealing to picky renters.
- 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
The Merchant is an excellent premium apartment complex in the heart of Hull. This modern home is designed to provide a refined urban living experience, featuring bespoke furnishings and high-quality finishes throughout.
The Merchant offers 29 apartments with one or two bedrooms. Each one is tailored to the demands of the area’s busy students and young professionals.
Hull has a robust economy and a variety of cultural activities, making it an ideal place to rent. This home is adjacent to major landmarks, shopping malls, pubs, and restaurants, making city living convenient for its residents.
Hull Station is merely a five-minute walk away, with convenient access to Leeds, York, Manchester, and other major UK cities.
£776 pcm
25%
12%
999 Years
- With 29 stylish one- and two-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 and rural lifestyle.
- Positioned to attract young professionals and students, thanks to Hull’s fast-growing economy and rich cultural offerings.
Angel Gardens is located in an up-and-coming district of Liverpool. It is in close proximity to two major regeneration projects: the £150 million Project Jennifer and the £5.1 billion Liverpool Waters scheme.
Cash Needed
Rent per month
Limited Units
£185k
Why Choose Preston for Property Investment?
Here you can get your ideal dream home investment in Preston, where modern and rural living meets timeless charm and long-term growth potential.
Geographical Advantage
Preston’s location is one of its biggest strengths. Thanks to excellent transport links, you’re well connected to the rest of the UK.
Preston Major train station offers regular services to Manchester, London, and beyond. Plus, the M6 and M65 motorways make it ideal for commuters. For investors, this connectivity is gold—strong transport links mean higher demand for rentals and resale.
One of my clients recently bought a four-bedroom home in Fulwood, just a stone’s throw from the Centre and with easy access to major highways. Within months, they had secured a corporate tenant, attracted by the location’s convenience. Living near Preston centre means having the city’s best shopping, dining, and cultural attractions at your doorstep.
Lifestyle and Amenities
The mix of urban life and countryside is unbeatable here. The bustling Preston city centre is packed with shops, eateries, and cultural hotspots like the Harris Museum and Art Gallery. But just a short drive out, you’ve got countryside walks in places like Longridge and the Ribble Valley.
Situated close to the Longridge market town close to picturesque, Preston’s new builds offer the perfect balance of rural charm and urban convenience.
For families, the presence of outstanding primary school nearby makes it a no-brainer. Areas like Penwortham boast primary and secondary schools age that are rated highly by Ofsted. I often recommend these neighbourhoods to investors looking for homes with long-term rental appeal.
Enjoy local life whilst staying connected to vibrant city amenities and serene countryside escapes in Preston.
Economic and Educational Opportunities
Preston’s economic growth makes property investment here logical as well. As is the case with the University of Central Lancashire (UCLan), the Royal Preston Hospital is a significant employer.
Both draw a consistent flow of professionals and students in need of lodging. And Preston is drawing forward-looking companies as sustainable development takes the stage.
The city offers several choices for those looking at shared ownership plans or part exchanges. To have a better image of possible profits, we at Flambard Williams constantly advise investors to investigate the most recent developments and houses for sale in the region.
Preston provides the ideal mix of long-term development, quick access, and contemporary lifestyle. This city provides something for every investor, whether your dream is for a sleek apartment close to the city centre or a large house in Goosnargh hamlet.
Trust me, Preston is the kind of location where your dreams on the property ladder can really fly.
For those serious about investing in new builds here, a crucial step is estimating the rental income potential. Understanding how much passive income you can expect to generate will help you make better decisions.
Consider using a Passive Income Calculator. This tool will give you a personalised investment strategy for your goals, showing how much to invest and the timeline to achieve your financial objectives.
Whether you’re aiming for steady monthly income or building long-term financial security, a passive income calculator provides a clear path forward.
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Current Trends in Preston Housing Development
Popular Areas for New Builds
From my experience, Preston has become a goldmine for investors, especially in areas like Cottam, Fulwood, and Penwortham. These spots are thriving with new flats and apartments, offering everything from two-bedroom to four-bedroom houses.
Personally, I’ve recommended Cottam to many of my clients—it’s got that perfect balance of green open space and close proximity to the Preston city centre. Plus, with easy access to Preston train station, it’s a commuter’s dream.
New build developments in Preston offer proximity to every essential local centre, making daily life effortless. Each development consists of thoughtfully designed homes tailored to modern lifestyles, with energy-efficient features and stylish finishes.
Another area worth mentioning is Walton-le-Dale. Its mix of quiet, suburban charm and excellent commuter links makes it ideal for families and professionals. Investors are seeing properties here consistently achieve higher rental yields due to its strategic location near major transport routes.
If you’re looking for long-term growth potential, focusing on these hotspots is a no-brainer.
Preston’s thriving city centre offers an excellent selection of new homes, including 4-bedroom homes, all within passing distance of Manchester city centre, with extensive rail services nearby, including connections to the West Coast Rail Network. The area also boasts convenient access to primary and secondary schools, as well as shopping destinations like Georges Shopping Centre over 100 stores of leading brands and high-street favourites,.
To learn more about Preston’s top areas, read the best places to live in Preston.
Types of Developments
With projects like the £434 million Preston City Deal, the city is experiencing significant regeneration
One thing I love about new homes in Preston Lancashire is the variety. You’ve got shared ownership schemes for first-time buyers, luxury four-bedroom homes, and everything in between. Developers are smartly catering to different demographics, which means there’s always a market.
I’ve seen a big push towards eco-friendly builds recently. Many of these energy-efficient homes feature solar panels, high-grade insulation, and energy-saving appliances.
It’s not just good for the environment—it’s also a fantastic selling point for renters who want lower utility bills. I always advise my clients to look out for off-plan properties adhering to the latest building regulations, as these often attract higher rents and lower maintenance costs.
Benefits of New Build Homes
Customisation Options
When you buy a new home, you’re not just buying a property—you’re shaping it to your needs. I remember working with an investor who purchased a house in Fulwood and was thrilled they could choose everything from flooring to wall colours before moving in.
These customisation options are particularly appealing to renters, who love homes with a modern, personal touch.
Energy Efficiency
Energy performance is a major win with newly built homes. I had one client who invested in an energy-efficient four-bedroom apartment in Penwortham, and their tenants immediately noticed the difference in energy costs.
Features like triple-glazed windows and smart heating systems can save up to 30% on energy bills. It’s a strong selling point for both renters and buyers and honestly, it’s something I wish older properties could offer.
Low Maintenance
I always tell my clients this: new builds save you headaches. They come with warranties—usually around 10 years—covering structural issues and more. One of my investors who bought a property in Goosnargh village has barely had to spend a penny on maintenance in the last three years. For anyone managing a portfolio, that reliability makes a massive difference. Minimise estate agent fees by exploring off-plan property investments with high potential returns.
Community Features
The thing I admire about most new developments in Preston is the focus on community. Developers are creating more space where people actually want to live. I recently visited a project in Centurion Village, and it had everything—playgrounds, walking paths, and green open spaces.
Families, in particular, love these kinds of setups, which means a steady demand for rentals. Investing in these new homes for sale in Preston isn’t just about owning bricks and mortar. It’s about offering modern, comfortable lifestyles.
Living in a New Build Community
Sense of Community
One of the things I’ve noticed—and honestly, it surprised me—is how new build developments create such strong communities. You’d think people in brand-new homes would take a while to connect, but it’s often the opposite.
Developers are really focusing on designing neighbourhoods with shared spaces like playgrounds, parks, and even community hubs. For investors, this is a hidden gem.
Homes in these communities attract tenants who want more than just a place to live—they want a home where they can put down roots. That translates into longer tenancy periods and fewer voids, which, let’s face it, is what we all want.
Integrated Amenities and Services
Another thing that makes new build communities stand out is how convenient they are. Developers are thinking ahead, adding amenities like local shops, gyms, and even nurseries right into the developments.
For example, some projects near Cottam and Fulwood include local amenities that make daily life so much easier for residents.
I had a client who invested in a four-bedroom home in one of these developments. The tenants loved that they didn’t have to drive miles to pick up groceries or drop the kids at school.
It’s a little thing, but it makes a big difference when marketing a property. Plus, these kinds of extras make homes more appealing, helping properties stand out in a competitive market.
Opportunities for Growth
What excites me most about new build homes in Preston Lancashire is their potential for growth. These developments are often located in areas with plans for further expansion—new primary and secondary outstanding schools nearby, retail parks, or improved commuter links.
The University of Central Lancashire’s already seeing rising demand because of its proximity to key employers. The transformation of the historic Leyland Test Track into a modern community highlights the region’s commitment to innovative development.
Investors I’ve worked with are always thrilled to hear about the ripple effect these projects have. For example, a property to an investor I recommended has seen a 12% increase in value in just two years, thanks to ongoing improvements in the area. When you invest in a new build community, you’re not just buying into the present—you’re securing a piece of the future.
Conclusion
Preston presents an unbeatable opportunity for investors with its convenient local road links connecting the city to major hubs like Manchester Airport, Liverpool Lime Street, and North and London Euston via the West Coast Main Line reachable in just over an hour by car.
Its proximity to Georges Shopping Centre boasts tenants interest along with other impressive shopping centre presents makes it a magnet for retail enthusiasts, while its attractive semi-rural location combines tranquillity with urban convenience.
The city’s educational landscape is equally strong, with institutions like Ashton Community Science College, Ingol Community Primary School, and the first modern UK university University of Central Lancashire (UCLan), which is ranked highly in the QS World University Rankings. Furthermore, nearby areas such as Edge Hill amplify Preston’s appeal with their balance of community living and growth potential.
For investors seeking high-yield opportunities with impressive shopping venues nearby Preston’s mix of connectivity, amenities, and robust infrastructure supported by Preston City Council sets the stage for consistent returns and long-term capital growth. Located just miles north west of thriving urban centres, the city is a hidden gem that continues to attract tenants and homeowners alike.
In short, investing in newly built homes in Preston, including off-plan properties, is more than just a smart financial decision—it’s an opportunity to be part of a thriving, future-focused community.
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