As a landlord, whenever you are looking at houses for sale in Lancashire, you could find varying prices throughout an area like Blackpool. In this article, this data will be simplified so you can find all of the data on one, convenient page.
So, from the rental yield of Blackpool to the success you may expect to get when submitting planning permission. Everything you need to know about house for sale in the UK and in Blackpool will be revealed. Keep reading.
House for sale in a different UK region
We have prepared a list of cities that are entirely dissimilar to the region of North West, perfect if you are looking for somewhere similar to Blackpool but want to relocate to a different region entirely. You should then be able to evaluate the different houses for sale listed in the region:
- Aldclune in North West
- Barkestone-le-Vale in North West
- Ardbeg in North West
- Reading in North West
- Annan in North West
Alternatively, you can visit our webpage dedicated to houses for sale in the UK for a broader understanding, houses for sale in the UK.
In general, what do houses for sale sell for in Blackpool?
In Blackpool, the average sale price of a house for sale is in fact £115,561. This is dependent on the 10 year population growth of Blackpool being -2%. Growing populations are more likely to inflate the prices of houses for sale in the city of Blackpool.
| Housing category | Total final sale price |
|---|---|
| Aerage sold price (detached) | £207,958 |
| Aerage sold price (semi-detached) | £128,086 |
| Aerage sold price (terraced) | £92,644 |
| Aerage sold price (flat) | £66,129 |
The list below is able to inform you of what these prices are. Giving you an accurate estimate of whether a landlord is likely to accept your offer based on the prices of the houses for sale in Blackpool.
| Housing category | Sale price per square foot |
|---|---|
| Aerage sold price/sqft | £1,230 |
| Aerage sold price/sqft (new build) | £1,843 |
| Aerage sold price/sqft (old stock) | £1,173 |
Evidently, certain types of houses for sale will have different types of demand and this will be reflected on the final price.
On average, the cost of a house for sale per square foot works out to be £1,267. This means if you are just looking out the houses sold in Blackpool in general and didn’t take into consideration the type of build. For example, a new build.
A house for sale that is right for you
When browsing houses for sale in Blackpool you should think about lots of different criteria:
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House for sale affordability – visit the dedicated page of the UK government to understand (see what you can afford)
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Location of the house for sale – the region and town you are considering to live in are crucial factors to consider before looking for houses for sale. In this article, we define lots of demographic factors that should help you make a decision.
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House for sale transport links – even if working from home is becoming more and more predominant, we suggest you check the transport links the house for sale has.
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Number of bedrooms in the house for sale – are you looking for houses for sale for the whole family or are you single? Always think about how many bedrooms you need and if that number might change in the future
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energy performance of the house for sale – What is the EPC of the house for sale? Today more than ever, is important that you check the EPC rating of the real estate assets available for sale on the market.
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Internet speed in the area of the house for sale – is important to remember that internet speed is a consequence of two factors: your plan and the infrastructure available in the area. Always check these parameters before looking for houses for sale
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Does the house for sale have parking – if yes, is it on-street or is the house for sale equipped with a garage?
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Houses for sale in conservation areas – always check the National Heritage list. If a house for sale is part of this list it means that it might be impossible for you to make changes to the property’s internal and external structure.
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Houses for sale Conditions – some properties, like new builds, need no repairs or works; other houses listed for sale may need some investment to restore them and some others may need a complete renovation. Someone looking for houses for sale should always think about how much time and money they are willing to invest to complete the needed repairs.
Get professional help on the houses for sale in Blackpool
Nowadays, there are so many properties on the real estate market that it can be difficult to decide which one is the best house for sale for you.
So, who can help you navigate the process of choosing a house for sale?
The number of professionals that offer real estate investors advice and assistance is broad and when it comes to dealing with houses for sale, the process can be complex.
Find here a list of those that can help when buying a house for sale:
- Moneylender – lends you the sum of money you need to buy the house for sale you are looking for
- Insurance agent – A firm that provides several insurances and protections for the house for sale that might become your future house
- Solicitor – A person or company that will sort out the legal work needed before buying a house for sale
- Civil engineer – Also called surveyor, he or she will provide you with an independent valuation of the house for sale you are willing to buy
- Mortgage advisor – Realistically, you will need a mortgage in order to afford to buy a house for sale. Mortgage advisors will guide you and propose the best mortgage deals based on your financial records
- EPC specialist – Especially nowadays, getting professional advice on the Energy Performance Certificate (EPC) of the house for sale you are considering buying is crucial
How are rental yields of the houses for sale different to the rest of the UK in Blackpool?
In Blackpool, how has the number of houses changed?
Whenever you are thinking about looking for houses for sale in Blackpool, think about how the city is growing and how this may impact the overall growth of the area.
Comparing the growth at different time periods would be a great way to assess whether the growth has slowed down, remained the same or perhaps stagnated over the years.
| 1 year | 3 years | 5 years | |
|---|---|---|---|
| Blackpool growth rate | 2% | 13% | 14% |
As the population of Blackpool grows, this may also push up the price of the houses for sale. More people would be looking to buy homes and permanently live in the area. This demand helps a home appreciate. However, this isn’t always true because some cities build a lot of houses too to match the supply.
The figure of rental yield is commonly looked at by investors who wish to increase their income by investing in areas where rental yields of the houses for sale are higher. Usually, the higher the rental yield, the more attractive a house for sale is for an investor.
Nonetheless, there are also instances where an investor will go with a house with lower yields in order to benefit from the appreciation of a house too which is why it’s vital to look in to all the details of Blackpool.
The data below shows the rental yield, rent turnover and the percentage of the money made on the sale of a house. The data is broken down into the county city is in (Lancashire) as well as the broader region; North West.
| Average Yield | Average Asking rent | Turnover (rental) | Turnover (sale) | |
|---|---|---|---|---|
| Blackpool | 4.9% | £557 | 72% | 16.0% |
| Lancashire | 4.25% | £691 | 100.27% | 17.49% |
| North West | 4.36% | £808 | 120.36% | 20.19% |
Also, you can compare other data to the table above such as the number of houses sold per month in Blackpool which is 120 and get a better understanding of the housing market.
This is great if you want to gauge if investors are actively looking for houses for sale in the area over other areas in the UK which may be an induction of how profitable Blackpool is to invest in. Both in terms of rental yield and capital appreciation.
What are the demographics like in the city of Blackpool?
Are the deprivation levels of the UK any different to Blackpool?
Deprivation of a city is defined as the number of people who are considered to not be earning enough to sustain their lifestyle. The UK average of deprivation nationwide is 33% so comparing the figure of 39% for Blackpool should give you a nice idea of the deprivation in the area.
What is the city of Blackpool’s social grade score?
In the city of Blackpool and throughout the UK, the social grade score is assessed by observing what type of jobs people have and then grouping this into a grading system.
In general, the people at the top of the scale (the A category) have the highest paid, most skilled jobs and this is just 4% of the general UK population. On the lower end of the scale, people who are on benefits, state pensions and also manual workers all are grouped into this category that represents the most unskilled.
When trying to determine if the area of Blackpool has an abundance of highly skilled workers, the top two categories are grouped together and given a percentage. This percentage is 10%.
Below, you can see how this compares to the National average as the average for the top two categories nationwide is 27% (Adding together the A and B categories)
| Social Score | Category | The proportion of the UK population (%) |
|---|---|---|
| A | Professional, managerial or administrative | 4 |
| B | Intermediate managerial or professional jobs | 23 |
| C1 | Supervisory, junior managerial or professional jobs | 29 |
| C2 | Skilled manual workers | 21 |
| D | Semi and unskilled manual workers | 15 |
| E | State pensioners, casual & lowest grade workers | 8 |
Are the people in Blackpool earning a lot?
While not always the case, the amount people earn can be associated with better schools in the area and perhaps a nicer environment to live in.
£30,467 is the average household income of the area. And the higher this figure is the more likely it is that there is a higher percentage of people with a social grade score in the A or B categories which is 10% for Blackpool.
In the city of Blackpool, the demographics are unique and must be looked at by themself to make a conclusion about the area before buying a house. This is because the growth could be greatly different to the wider area of Lancashire for example.
These demographics for Blackpool may impact the price of a house, how this house grows over time and the profitability of a house if you are buying it for an investment so knowing the area is crucial for a landlord making a purchasing decision in the city of Blackpool in North West.
Is the crime rate bad in the city of Blackpool?
Within Blackpool, the number of people committing crimes is 280 per 1000 people. This figure directly relates to the safety of residents in the area which is one of the biggest factors in whether an area is considered desirable or not.
As a result, someone looking to buy a house here hoping for it to appreciate in value or buying a house here to produce rental income should check out the crime rate and compare it carefully to the UK average of 79.52 for every 1000 people to see how safe people living there will be.
If the area’s crime rate is too high, this may result in you having to pay for the renovation of burglaries or pay a premium on home insurance as insurance companies will charge you more for living in a dangerous area. So analyse this 280 figure carefully.
In Blackpool, how educated are people in general?
In the city of Blackpool, 15% people have a degree from a university. The higher this proportion is, in general, the more likely it is that the population is able to buy a house.
Interestingly, as people who have degrees go up, the average income of the area goes up too. You can see if there is a correlation, the average household income in the UK is price34,000 and the average income in Blackpool is £30,467.
This should correspond with the average percentage of people in the UK who have degrees at 22.6%.
In the city of Blackpool, how much green space remains for residents?
In the city of Blackpool, there are 10.0 acres of green space per 1000 residents.
The charity, ‘Fields in Trusts’ recommends a minimum of 6 acres of green space per 1000 people so it is easy to see where Blackpool is when seeing if green space availability is sufficient. This green space could be parks, nature reserves, public gardens or playing fields.
What does the population of Blackpool look like?
In total, the number of people in Blackpool is 109,057. This figure can be used to estimate the appreciation of the houses but it is also important you look at the population growth figure in order to make this more accurate.
Whether a large population benefits you as a landlord is dependent on what you want from a home. A large population is great if you have children who prefer the bustle of crowds in cities but there are also those who purposely want to buy somewhere rural.
You may also be able to find a balance of both where there are shops, restaurants and entertainment and also rural areas all within a short distance which may be the case ni Blackpool, depending on where exactly you are.
How has Blackpool changed in the past five years?
Five years provides enough time for a city to grow dramatically. It may be the case that the population grows or shrinks but the city of Blackpool has changed by -1%. Read more here
It is also helpful to compare this data to a longer time period like 10 years like in the below subheading. If the population trend of growth or decline has been there for a longer period of time you’ll be able to tell if -1% is a recent change or not.
Click here to know more on the UK population trends.
In the last decade, what is the difference in population in Blackpool?
-2% has been the population growth change in the past 10 years.
Usually, this is more of a conservative figure compared to the five year change of a city.
Industrial changes can also be the reason for this shift but it could also be due to immigration or emigration. Bringing people in or out of the area.
The recent global pandemic has also shifted the number of people living in cities as people realise they can now work remotely. It may be that the people of a Blackpool have seen a more desirable way of working, moving to make themselves more comfortable in their careers.
For example, the population of the South west of England has seen a massive increase in population because workers want to move there to benefit from the slightly better weather, lower house prices and also the rural area. Nonetheless, they can also benefit from travelling to the capital city of the UK, London.
What is the asking price on average of houses for sale in Blackpool?
Table showing the asking prices for houses for sale in Blackpool
| Average asking price (1 bed) | £72,561 |
| Average asking price (2 bed) | £102,916 |
| Average asking price (3 bed) | £139,413 |
| Average asking price (4 bed) | £236,185 |
| Average asking price (5 bed) | no relevant data for this city |
The above table is perfect for understanding the distribution of properties in the area as well as looking at this data alongside the average asking price per square foot of £547. Telling you what type of house is most in demand relative to the price of the area.
This could be due to more people looking at particular types of houses for sale over others or even due to the fact that Blackpool has a lack of supply of housing in certain categories.
When investors make offers for houses for sale in Blackpool, the average price asked by the homeowners works out to be £136,546.
In the table below, for all the different sizes of houses in the area, the average asking prices have been displayed. This tells you what kind of house is more or less expensive and sought after despite houses with fewer bedrooms being overall less expensive anyway.
Any house that looks like it is overpriced for the number of bedrooms it has in Blackpool is typically not overpriced. It is just the case that that type of housing has a higher demand, therefore, people are willing to pay more.
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