HMOs for Sale in Preston

Why Invest in Preston HMOs?

Investing in HMOs in Preston offers a compelling opportunity due to the city's affordable property prices and strong rental yields. According to ONS, as of August 2024, the average house price in Preston was £169,000, reflecting a 4.7% increase from the previous year. Private rents also rose to an average of £687 in September 2024, an annual increase of 6.3% from £647 in September 2023. Representing a growing economy that investors will be keen to get in on.

Additionally, Preston's status as a university city, home to the University of Central Lancashire, contributes to regular demand for rental properties, particularly HMOs, as students and young professionals seek affordable shared housing options. The city's strategic location, with excellent transport links to major cities like Manchester and Liverpool, also enhances its appeal for commuters and residents alike.

Ongoing regeneration projects, such as the £434 million City Deal, aim to create 20,000 new jobs and over 17,000 new homes, presenting further opportunities for investors as well as boosting the local economy and housing market.

Preston's proactive approach to managing HMOs, including licensing requirements and Article 4 Directions in certain areas, ensures a well-regulated market, providing confidence for investors. These factors collectively make HMO investments in Preston a potentially lucrative venture, combining affordability, strong rental returns, and a growing economic landscape.

Why Choose Pure Investor?

Key to the success and growth of Pure Investor in recent years has been our location in the North West of England. Strategically located to offer all our consultants easy access to Manchester, Liverpool, Sheffield and Leeds, we are regular visitors to all the major property developments within the key Northern Powerhouse destinations.

We genuinely believe in working with our clients, providing a high quality of service and information, allowing our clients to make their decision on a more informed basis. As a result of this, an increasing number of investors are choosing to return and utilise our services on an ongoing basis. This is something we are incredibly proud of, and which we are looking to continually improve on in the future.

If you are considering in investing in an HMO property, and don't fancy the 'hard sell' approach, please feel free to get in touch on either enquiries@pureinvestor.co.uk or call us on 0161 337 3890.

We look forward to hearing from you!