Station Terrace

Located less than a 5 minute walk from Preston City Centre, Station Terrace is a Victorian renovation, comprising of sixteen one-bed apartments and one two-bed apartment with secure parking. Just a walk away from the city’s parks and marina, this is not your typical luxury apartment.

The city is home to UCLAN (University of Central Lancashire) which attracts around 30,000 students. Preston also continues to benefit from new businesses following huge investment into infrastructure and an exciting City Plan proposal. The City Plan is already being put in place with a dramatic upgrade to one of the city’s main high street and a total renovation of the indoor market creating a Market Quarter.

The apartments have been designed to maximise space and light, and many of the apartments benefit from unique features such as duplex levels, balcony’s and private gardens. The terrace has real curb side appeal, with intricate original stone door surrounds and the regions traditional red brick.

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The Property

Station Terrace offers a selection of 1 and 2 bedroomed apartments, each benefitting from the latest technology and bespoke finishes.

Each apartment makes full use of the latest residential technology, including state-of-the-art eco-friendly heating systems and proximity access within the building itself.

ANPR technology is installed on the secure car park enabling tenants to access the site either with remote fobs or by the system simply recognising their registration plate.

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Investor Highlight: Station Terrace's excellent location and modern features, such as secure parking, have helped investors secure a rental yield of up to 7.40%.

Why Did We Choose Preston ?

Preston is the 3rd largest city in the NorthWest, and with Real Estate prices growing 8% in the last 12 months the city it looks set to follow a similar journey as its close neighbours Manchester and Liverpool.

The city is home to UCLAN (University of Central Lancashire) which is the North West’s 5thbiggest employer and attracts around 30,000 students to the city. While the city continues to be a hit with new businesses following huge investment, and a dramatic upgrade one of the city’s main high streets, creating a contemporary shared space for both pedestrians and vehicles. Preston has also seen a huge increase in graduate retention, with 37% of graduates staying in the area for work following graduation.

Prestons railway station is a major stop on the West Coast main line, and provides easy access to the North West of England and beyond. A trip to Liverpool will take you 50 minutes while you’ll be in Manchester in just 40 minutes.

Investor Highlight: Preston is one of the few UK cities to see increasing footfall and low vacancy rates.

Investor Returns

Station Terrace has proven to be popular with young professionals looking for affordable, modern City Centre living. With the project being a relatively small development, we expect the apartments to be fully Let soon as 11 of the 17 units were Let in the first week following completion.

Station Terrace - Development Diary

At The Heaton Group, our passion is identifying unused buildings and transforming them into luxury spaces the entire community can be proud of. 

The Development was completed within 14 months, during which time all the apartments sold off plan to a mixture of buy to let investors and owner occupiers.

Following completion, investors took advantage of our expert property management team, who quickly identified and qualified suitable tenants.

 This meant it wasn't long before our investors began seeing a return from the property.

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Station Terrace provided great returns for our investors, all while helping to contribute to the regeneration going on in this fantastic city. The project was completed on time and budget and, takes its place as just one of the successful properties The Heaton Group regularly provide.

If you want to learn more about Station Terrace or any of our current investment opportunities, book a call to speak to a member of our team.