Introducing
London House
Comprising 70 modern apartments, London House offers an elevated lifestyle in one of Preston's most connected neighbourhoods.
Key highlights
- Apartments701 & 2 bedrooms
- Projected gross yield6.9% – 7.5%Addressed Long Let Forecast*
- Est. completionQ2 202720% on exchange
- Short-term letsApprovedFlexible letting
* Projected gross yield. Source: Addressed Long Let Forecast. Gross figure before service charges and costs. Rent will vary by floor, layout, size, and aspect. Speak to your representative for a unit-specific projection.
Watch the film
Discover London House
The project
London House is a redevelopment of a classic building into 70 contemporary apartments (45 one-bedroom and 25 two-bedroom), bringing premium living to Preston's Stoneygate regeneration district. With strong rental demand, ongoing regeneration and excellent transport links, it's a considered opportunity for both first-time and experienced investors.
Step inside
Life at London House
Computer-generated imagery. Finishes may vary.
The location
Primrose Hill sits within walking distance of Preston city centre, UCLan and the Stoneygate Masterplan area.
- Lidl3 mins walk
- Cardinal Newman College8 mins walk
- UCLan University4 mins drive
- St George's Shopping Centre4 mins drive
- Avenham Park4 mins drive
- Stoneygate regeneration4 mins cycle
- Railway station6 mins drive
- Bus station15 mins walk
Gallery
On site in Preston
Construction updates
Follow the build with our regular site films. Est. completion Q2 2027.
September 2026
Floor by floor, the structure keeps rising
Walking the upper floors as walls take shape, with internal walls and room layouts taking form.
Watch on Instagram →
June 2026
Construction progress is well underway
A first look inside the building as the structure and services go in.
Watch on Instagram →Prices & payment plan
1 Bedroom
From £139,750
- Size
- 413 – 591 sq ft
- Projected rent*
- £850 – £950 pcm
- Projected gross yield*
- 7.1% – 7.5%
2 Bedroom
From £173,000
- Size
- 654 – 811 sq ft
- Projected rent*
- £1,000 – £1,125 pcm
- Projected gross yield*
- 6.9% – 7.1%
Payment plan
- £5,000Reservation fee
- 20%On exchange of contracts
- 80%On completion, Q2 2027 (mortgage or cash)
Up to 70% LTV available for qualified investors with approved lenders such as Halifax and Santander.
* Source: Addressed Long Let Forecast. Gross figure before service charges and costs. Rent will vary by floor, layout, size, and aspect. Speak to your representative for a unit-specific projection. Service charge: £2.30 per sq ft. All prices are indicative only and subject to change. Please speak to a Legacy Investment specialist to confirm prices and availability.
Market evidence
Comparable "let agreed" new-build apartments in Preston:
- Flat 153, The Exchange£925 pcmLet agreed, Preston new-build
- Apt 132, Centenary Mill Court£1,250 pcmLet agreed, Preston new-build
Zero ground rent
London House is fully compliant with the Leasehold and Freehold Reform Act 2024: a peppercorn (£0) ground rent protects net returns and resale liquidity.
115 years + 990
A 115-year base lease, with a statutory right to extend by a further 990 years from day one: a 1,105-year interest.
Resident-led management
The headlease structure allows management to pass to a resident-owned company, so owners keep direct control over service charges and standards.
Why invest in Preston?
Proudly Northern. Quietly thriving.
A top 15 UK city for growth
Preston ranks in the top 15 of the PwC Good Growth for Cities Index 2025, and is Lancashire's largest economic engine.
£1bn+ of secured investment
The £434m City Deal, the £200m Harris Quarter (Phase 1 completing 2026) and the Stoneygate Masterplan, where London House is located, are transforming the PR1 district.
High-skilled jobs arriving
The National Cyber Force campus, a £5bn government investment, brings high-skilled, high-salaried jobs to the region by 2030, alongside BAE Systems (12,000 direct jobs) and Westinghouse.
Year-round tenant demand
38,000+ students and staff at UCLan and the Lancashire Teaching Hospitals NHS Trust create a consistent, non-seasonal tenant profile of graduates and professionals.
A growing city
Preston's population is over 162,000, with an 80.4% employment rate, 5,710 active enterprises and a 66.8% graduate retention rate (ONS).
A buy-to-let hotspot
Preston is a top 3 buy-to-let hotspot in the North West, with excellent transport links to other UK cities.
About us
The Master Agent
Legacy UK Investment Consultancy is the Master Agent for London House, overseeing all sales and marketing from enquiry to completion. A specialist UK property company with over 30 years' combined experience, Legacy gives international clients access to vetted UK investment property.
The developer
Retail Revive Limited
Retail Revive Limited is a special purpose vehicle backed by the Bhailok Group, a privately held family office with a track record in UK property spanning more than four decades. Founded and led by Chairman Yousuf Bhailok, the group has been active in UK property and development since 1982, delivering residential housing, apartment schemes and large-scale commercial regeneration. London House is the latest chapter in its history of transforming underused buildings into high-quality homes.
Interested in London House?
Share your details and a Legacy consultant will guide you through the next steps, whether you're a first-time buyer or a seasoned investor.
- Phone+971 55 175 1088
- WhatsApp+971 52 287 1449
- Emailinfo@legacyinvestmentconsultancy.com
- OfficeOffice 1611, One Space, Magnum Opus Tower, Al Thanyah First, Barsha Heights, Dubai, UAE