What are the Key Benefits Associated with Purchasing a Property in Preston?

Preston, a vibrant city located in the northwest of England, has gained popularity among homebuyers for its rich history, thriving economy and strong sense of community. If you’re considering buying in this dynamic city, you’ll find a plethora of advantages that make it an appealing choice. In this blog, we’ll explore the key benefits of purchasing a house in Preston.

1. Affordable Housing Market

One of the most significant advantages of buying a house in Preston is the affordability of the housing market compared to other major cities in the UK. Whether you’re a first-time buyer or looking to invest, Preston offers a range of properties at competitive prices. With various housing options, from modern apartments to charming Victorian homes, buyers can find something that fits their budget.

2. Strong Local Economy

Preston boasts a diverse and robust local economy, with key industries including education, healthcare and technology. The presence of the University of Central Lancashire (UCLan) contributes to job creation and ensures a constant influx of students and graduates into the area. This economic stability fosters growth and provides a strong foundation for property values.

3. Excellent Transport Links

Preston’s location in the heart of Lancashire makes it an excellent hub for transportation. With easy access to the M6 motorway and a well-connected train station, residents can reach major cities such as Manchester and Liverpool within a short time. This connectivity is ideal for commuters and enhances the appeal of living in Preston.

4. Rich Cultural Heritage and Community Spirit

Preston is known for its rich cultural heritage and vibrant community spirit. The city hosts a variety of events throughout the year, including the famous Preston Guild, providing residents with opportunities to engage with their neighbours and celebrate local traditions. This sense of community fosters a welcoming atmosphere that appeals to families and newcomers alike.

5. Abundant Green Spaces and Recreational Activities

For nature enthusiasts and families, Preston offers numerous parks, gardens and green spaces for outdoor activities. Avenham Park and Miller Park are popular spots for leisurely strolls and family picnics, while the Guild Wheel provides a scenic cycling and walking route around the city. The availability of these recreational areas enhances the quality of life for residents.

6. Quality Education and Healthcare Facilities

Preston is home to several highly regarded schools and educational institutions, making it an attractive destination for families with children. The University of Central Lancashire also provides further education opportunities and contributes to the city’s vibrant atmosphere. Additionally, residents have access to excellent healthcare facilities, ensuring that medical services are readily available.

7. Growing Investment Potential

With its affordable housing market and robust economy, Preston could well present a promising investment opportunity for property buyers. The city has seen steady growth in property values and demand, making it an attractive option for those looking to invest in real estate. As urban development continues, the potential for good returns on investment is high.

Purchasing a property in Preston offers a multitude of benefits, from affordable housing options to strong community ties and excellent transport links. With its rich cultural heritage, vibrant economy and ample recreational opportunities, Preston is a fantastic place to call home. Whether you’re looking to settle down or invest, this dynamic city has something to offer everyone.

As with any investment decision, when buying a property it’s vital that you do your homework carefully. As well as fully researching the location and market that you are looking to buy in, it’s vital that you seek advice of experts, including surveyors and financial advisors. Alexander JLO, its Partners and employees cannot provide specific advice on choice of location or the market but can advise on all matters legal once you have made a decision to buy a property.

If you are looking for a first rate conveyancing service why not give one of Alexander JLO’s specialist property lawyers a call on 020 7537 7000, click on the get a quote button or email quote@london-law.co.uk for a free, no-obligation quotation? Come and see what we can do for you.

This blog was prepared by Alexander JLO’s property partner Matt Johnson on 26th April 2025 and is correct at the date of publication. Matt has many years of experience of dealing with property work and specialises in new build and shared ownership properties.  His profile on the independent Review Solicitor website and be found here