Residential Estates, Chester, has identified Preston as an investment property hotspot in 2020.
Low asking prices and increasing investment into the region’s economy makes the city a top opportunity, the group said.
While the city performed disappointingly since it obtained city status in 2002, it has improved since 2013, while in 2018 it was named the most improved city in the UK (2018 Good Growth for Cities Index).
The average asking price in Preston is £115,000, well below the national average of £218,700.
Government investment into the area through City Deal – Preston is providing a boost to the area.
The University of Central Lancashire (UCLan) is also investing in facilities.
Meanwhile, the rail station is currently undergoing a £1.5m modernisation.
Seeking an opportunity to invest in the Preston property market? Visit our lettings page for further information for landlords. Alternatively feel free to contact our expert team of property specialists to find out more.