Station Terrace | Apartments from £97,500
Preston
Development Videos
Development Overview
Station Terrace is a sensitive conversion of two characterful adjoining terraces into 17 modern apartments with secure parking. With an outstanding location approximately five minutes’ walk from Preston train station, the city centre shopping area and the main business areas of Preston this is the perfect location for young professionals looking for high quality rental accommodation.
Each apartment has been carefully designed to maximise space and light, with many apartments benefiting from large balconies or private gardens. In this way these homes prove themselves to be a step above a traditional city centre home in Preston and will therefore appeal to prospective tenants.
In addition, each apartment and duplex at Station Terrace will be a future-proofed HG Smart Home which incorporates all the technology expected by a modern tenant as well as utilising in-built technological solutions which help to simplify and reduce energy usage and bills for the benefit of residents and landlords. Developed by the Heaton Group, a proven developer with a wealth of local experience, these homes will be the premier rental accommodation in Preston and represent a superb investment opportunity for any buy to let property investor.
HG Smart Technology
HG Smart Technology has been developed by The Heaton Group to improve the experience of everyone at Station Terrace – the landlord, tenant and agent. The technology is designed to help people save time, money and be proactive about reducing the amount of fuel used by residents.
The key points are:
- The Heaton Group purchases energy in bulk and act as the energy distributor to reduce costs.
- The Heaton Group, acting as the energy distributor, shoulders the cost of standing charges.
- Energy usage can be controlled by the tenant through a smartphone.
- All energy usage is monitored remotely and the tenant has one monthly bill on one simple account.
- Tenants are automatically notified when they are close to exceeding their fair usage agreement
- Future energy usage can be forecasted ahead of time, improving the accuracy of billing
Investment Opportunities
One Bedroom Apartment
£97,500
Two Bedroom Apartment
£140,000
One Bedroom Duplex
£145,000
Why Preston?
Preston is the third largest city in the North West and has recorded house price growth of 8% in the last year according to Rightmove. The city is on the same path as Manchester and Liverpool and further significant growth is anticipated in the coming years.
The city is home to the University of Central Lancashire which attracts approximately 30,000 students, and the city also benefits from continued investment in the form of the innovative City Plan proposal. This is already in place and has delivered a dramatic upgrade to one of Preston’s main high streets and a total renovation of the indoor market, creating a new Markets Quarter. An overall total of £434m has been pledged which is forecast to create 20,000 local jobs and build more than 17,400 new homes - this amount is expected to grow to £1bn over the next 10 years.
Preston’s busy railway station is a key stop on the West Coast Main Line which provides residents with regular and convenient access to other nearby destinations such as Manchester and Liverpool, which are 40 minutes and 50 minutes away respectively. In addition Preston is set to benefit from the HS2 high speed rail line which will better link the city to Birmingham and London, and work is already underway to further upgrade the station and the city’s transport network.
Floor Plans
Floor plan example
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