City Studios, Preston, United Kingdom

Preston, Lancashire, England, United Kingdom

Property ID: 41641139

Summary Data

1 Bed Apartments From £82,000
Sector Residential
Type Apartments
Tenure Leasehold
Completion 2023

Location Map

Property Description

We are very pleased to offer the stunning City Studios in Preston. Located just a few minutes’ walk to University of Central Lancashire (UCLAN) and 10 minute walk to Preston City Centre the development has been designed to cater for the needs of Students and young professionals alike. It is extremely rare for a local authority to grant permission for this type of development as it benefits from dual use with the huge demand of students in Preston but also can be used as serviced accommodation to young professionals and corporate contracts (NHS, BAE Systems etc).

In 2018 Preston was ‘the most improved city’ in PWC’s ‘Good Growth for Cities’ report.  In 2019, it was ranked as the best city to live in the North West, surpassing both Manchester and Liverpool.  It’s intended that by 2026, Preston will be recognised as a highly sought-after place to live and work, not just in the North West but in the UK.  In fact, the local economy is expected to grow by over £1 billion in the next 10 years.

Why Preston?

- University of Central Lancashire (UCLAN) main campus is housed in Preston.
- Major expansion incl £200-£250 million investment into infrastructure and high tech engineering buildings over the next 10 years with large investment from BAE.
- Mid tier University providing high quality teaching across the North West and 8th largest in UK.
- Easy access by road and rail network to the North West, M6, Lake District.
- Demand for beds has far outstripped supply especially at this mid tier level

Payment Structure

- £5,000 reservation fee
- 25% deposit on exchange 
- 25% stage payment
- 25% stage payment
- Remainder on completion minus reservation fee and rolled up interest

Worked Example

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25% Deposit on Exchange


25% Stage Payment


25% Stage Payment


Final payment on completion August 23 less interest earned over build time.


Building Style