Blackpool Property Investment | Our Essential Guide
Last updated: June 2022
Are you considering a property investment in Blackpool?
In this article, local property price and rental yield data are presented to help you decide.
- Why Invest In Blackpool Property?
- Property prices in Blackpool
- Flat prices in Blackpool
- Terraced house prices in Blackpool
- Semi-detached house prices in Blackpool
- Detached house prices in Blackpool
- Blackpool Rental Yields
- Data Sources
Why Invest In Blackpool Property?
Blackpool is located in the North West of England in the county of Lancashire. Thanks to its location, Blackpool is in an impressive coastal area with miles of sandy beaches and stunning views.
Driving to any destination north or south is easy as Blackpool is connected to the M6. From the M6, you can join the M55, A583, A584, or A585 depending on your destination.
Blackpool also has excellent connections to the UK rail network. Manchester and Liverpool can be reached in just over an hour, Edinburgh in roughly 3 and a half hours, or London in just under 3 hours.
Thanks to its location on the coast, Blackpool employs a significant amount of people in the tourist trade. Entertainers, restaurant and bar staff, and other associated jobs are abundant. More than 25,000 jobs are created by the hospitality industry.
Blackpool Transport operates buses and trams in the area and is constantly expanding its workforce.
Other big employers in the area include the NHS, the police, and local government.
Local Colleges and Universities
Blackpool and Fylde College is a highly ranked place of learning. The college has ranked in the top 3% for England's further education colleges for 6 years running. You can study to degree-level here, the college is the largest college provider of degree-level education in England. Most of the degree-level qualifications are awarded by Lancaster University - this means students graduate with a UK top 10 university degree.
Lancaster University and the University of Central Lancashire are both a short distance from Blackpool. Both universities are within 20 miles of the town which gives students a good choice of places to study.
History of Blackpool
For hundreds of years Blackpool was a small hamlet near the sea. However, that all changed when in the 18th century the rich started going to the seaside for summer. This began the start of the Blackpool tourist trade.
In 1781, a private road was built to Blackpool - thanks to this road more people could start visiting the growing seaside town. Stagecoaches started running from Manchester and Halifax which brought even more people to the town.
The 19th century saw a boom all over Britain that was primarily driven by the industrial revolution and the creation of the railway. Once Blackpool was connected to the rail network this meant people from the industrial towns in the north could easily visit the town. This influx of visitors not only meant the population of Blackpool grew but so did the facilities available.
In the late 1800's Blackpool saw a promenade built along the sea front, a pier, and electric lights. Next, a tramway was created which made it easier to travel around the local area - trams are still used today to travel around Blackpool. An opera house was built and also the famous Blackpool tower.
By the start of the 20th century Blackpool was a thriving seaside town with more buildings added at the start of the new century. The pleasure beach, Grand Theatre, and Grundy Art Gallery were all built at the start of the 20th century.
Blackpool today is still a thriving seaside resort that now boasts a zoo, sea life centre, and much more!
Property Prices In Blackpool
Investing today with a view to the projected resale value of your property is vital for achieving capital appreciation. Reviewing accurate, historic price information can help inform your growth projections.
Flat prices in Blackpool
The average flat price in Blackpool was £74,590 in 2021.
Price growth averaged 2.94% for flats in Blackpool for the period 2011-2021.
Terraced house prices in Blackpool
The average terraced house price in Blackpool was £102,552 in 2021.
Price growth averaged 14.05% for terraced houses in Blackpool for the period 2011-2021.
Semi-detached house prices in Blackpool
The average semi-detached house price in Blackpool was £136,916 in 2021.
Price growth averaged 17.43% for semi-detached houses in Blackpool for the period 2011-2021.
Detached house prices in Blackpool
The average detached house price in Blackpool was £202,117 in 2021.
Price growth averaged 19.26% for detached houses in Blackpool for the period 2011-2021.
Blackpool Rental Yields
Researching local rental yield information offers valuable insights into whether a property investment is likely to be profitable.
As of June 2022, Blackpool rental yields ranged between 4.3% and 8.4% (source: propertydata.co.uk).