Exciting New Residential Developments in Preston: A Boost for the Local Community and Property Market

Property Buyers
August 30, 2024
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Preston is set to experience a significant transformation with the recent approval of two major residential developments that promise to add nearly 600 new homes. This development marks a key milestone in the city's ongoing strategic expansion, catering to the growing demand for quality housing while enhancing the local infrastructure. As Preston continues to grow, these projects also present exciting opportunities for potential homebuyers and investors, particularly those working with established local estate agencies like Farrell Heyworth, which has a strong presence in the area.

Overview of the Developments

Lea Road Development by Story Homes

One of the significant projects approved by the Preston City Council is the Lea Road development by Story Homes. This development will bring 281 new homes to the area, with a mix of one to five-bedroom properties designed to cater to various housing needs. Of these, 32 homes will be designated as affordable, reflecting a commitment to providing housing options for all community segments.

The Lea Road site is also strategically positioned to benefit from the planned Cottam Parkway railway station, which will be built on land provided by Story Homes as part of the development agreement. This addition will greatly enhance transport links, making the area even more attractive to future residents.

Higher Bartle Development by Bloor Homes and Taylor Wimpey

The second major development, located in Higher Bartle, involves the construction of 320 homes by Bloor Homes and Taylor Wimpey. This project is part of a broader strategic location in the city's local plan, focusing on sustainable growth and community development.

The Higher Bartle development will offer a mix of two, three, and four-bedroom homes alongside a range of community amenities. These include a community centre, green spaces, and cycle routes, fostering a sense of community and encouraging a healthy lifestyle among residents. Additionally, 11 acres of the site have been earmarked for a potential secondary school, highlighting the development's role in supporting the community's broader needs.

Impact on Preston’s Property Market

These developments are crucial for Preston's property market. As the city continues to expand, housing demand has steadily increased. Adding these 600 homes is expected to alleviate some pressure on the housing market, offering more options for buyers looking to settle in this thriving area.

For those interested in exploring these new housing opportunities, partnering with a reputable local estate agent like Farrell Heyworth can be invaluable. With our deep knowledge of the local market and commitment to providing excellent customer service, we are well-positioned to help buyers navigate purchasing a new home in these developments.

Approving these major housing developments in Preston is a positive sign for the city's future growth and development. By providing a mix of affordable and market-rate homes and essential community infrastructure, these projects are set to enhance the quality of life for current and future residents. For those looking to invest in Preston's property market or find their next home, now is an opportune time to explore what these new developments offer. Engaging with trusted local experts like Farrell Heyworth can help buyers find the perfect fit for their needs in this rapidly evolving market.

As construction begins in the coming months, it will be exciting to see how these projects shape the future of Preston and contribute to the city's vibrant community.

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