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.

 

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.

Population Trends

Major Employers

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.

Graph of Flat Prices In Blackpool

Flat prices in Blackpool

Flat prices in Blackpool source: UK House Price Index
Year 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021
Average Price 92,045 87,109 75,463 72,457 67,677 65,657 63,284 64,039 65,031 66,287 70,048 69,063 68,353 69,321 74,590

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.

Chart of Terraced House Prices In Blackpool

Terraced house prices in Blackpool

Terraced House prices in Blackpool source: UK House Price Index
Year 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021
Average Price 106,866 101,791 89,102 89,921 83,958 82,636 80,806 82,564 83,775 85,475 88,544 88,789 89,528 92,410 102,552

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.

Chart of Semi-Detached House Prices In Blackpool

Semi-detached house prices in Blackpool

Semi-Detached House prices in Blackpool source: UK House Price Index
Year 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021
Average Price 135,741 129,189 114,429 116,597 110,174 108,241 106,303 108,410 110,898 113,565 118,360 119,305 120,744 124,756 136,916

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.

Chart of Detached House Prices In Blackpool

Detached House Prices In Blackpool

Detached House prices in Blackpool source: UK House Price Index
Year 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021
Average Price 194,820 186,882 165,701 169,479 160,823 157,141 154,548 158,023 162,323 166,545 174,467 174,807 176,834 181,238 202,117

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).

Data Sources

Property prices are from House Price Index Reports published by HM Land Registry.
Rental yield data is from PropertyData . Population data is from CityPopulation.
Peter D Doherty

Peter D Doherty is the founder of the Property Investor Academy.

A Masters graduate in accounting and finance from Dublin City University, Pete worked in the City of London for 14 years. He held senior finance roles (Financial Controller) in several substantial UK commercial banks. He is a graduate of Macquarie University.

With over 10 years property investing experience, he is the owner of a London based lettings agency as well as proptech consultancy. He regularly contributes to online landlord forums such as Propertytribes and Reddit.  Peter is a member of National Residential Landlords Association (“NRLA”).

https://uk.linkedin.com/in/peter-doherty-tal
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