Located directly in Preston’s city centre with views over the historic Winckley Square, which underwent a £1.2 million renovation in 2016, Winckley House in Preston is the perfect solution for young professional tenants working in the city, with all amenities on the development’s doorstep. The six-storey office conversion comprises a total of seventy-six luxurious, high specification apartments, and will feature modern fitted kitchens with oven, hob and extractors, laminate and carpeted flooring, fully tiled bathrooms and secured by a ten-year CRL warranty. With the city’s shopping district and restaurants right on its doorstep, tenants will love Winckley House’s central location and easily accessible transport links just a short walk away with offer speedy commutes to both Manchester and Liverpool.
The regeneration of the beautiful Georgian Winckley Square and the surrounding district is making it a historical yet vibrant, cultural and intellectual outdoor experience, bringing delight to tenants, Preston’s inhabitants and visitors.
Preston is the administrative centre of Lancashire, a county with a £25.5 billion economy that supports nearly 650,000 jobs. Equipped with a competitive cost base and good location close to Manchester and Liverpool, Preston is the engine room of Lancashire’s economy and one of the largest local economies in the north of the United Kingdom. In 2013, the city attracted more overseas investment than anywhere in the UK outside of London. In the same year, it was the sixth top-performing city for growth. Preston has also shown long-term success as it earned the title of third best performing city for private sector growth from 1998-2008.
Preston received an enormous boost to its economic growth aspirations with the announcement of the Preston, South Ribble and Lancashire City Deal. This investment will inject £430 million directly in to central Lancashire. There are plans to expand the transport and business infrastructure and create 20,000 new jobs and 17,000 new homes. The vision of this transformative deal is that a further £2.3 billion worth of local investment will be stimulated.
The demand characteristics exhibited by students have changed over recent years. Many, especially those from overseas, no longer wish to live in converted houses or in the common “cluster-flat” student accommodation. Overseas students – who on average require accommodation for 51 weeks in a year and expect a higher standard of living – are now acting like general housing consumers, opting to go for the best quality they can get at a reasonable price, not just the cheapest property on offer.
The high worldwide ranking of the University of Central Lancashire (UCLan) and the attractions of the location itself build a solid foundation for the success of this development. UCLan has recently spent £100 million upgrading its buildings, teaching technology and sporting facilities. As a further indication of its ambitions, the University in 2015 announced proposals for the investment of a further £200 million. This plan, known as the Campus Masterplan 2020, will comprehensively transform its Preston campus over the next decade. This injection of investment directly in to the University will continue to attract domestic and overseas students and encourage them to remain in the area after graduation.
Learn more about our Winckley House and Guild House Investment Opportunities in the YouTube below, from one of our investment consultants, Michael Johns.
View more of our Buy to Let property investments here.
POSTCODE FOR LOCATION PR1 3LT
*Annual Rental income can vary, please speak to your consultant about the potential of the unit you are interested in, Residential Estates would also suggest you carry out your own due diligence in the local market at the time of purchase
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|7% NET Yields Easily Achievable|
|10 Year CRL Warranty|
|Central Location Within Beautiful Georgian Square|
|Perfect for Professionals and Students Alike|