Blackpool Buy-to-Let Guide

Houses for Sale to Rent puts the Blackpool rental income average at £649 PCM. Some properties are as cheap as £300 PCM.

The national average rental income is £1,279. This makes Blackpool 49% cheaper on average for tenants.

In 2023. The North West experienced an annual rental growth of 9.70%. This figure is slightly less than the UK annual growth of 10.30%.

Further Reading: Discover how to start property investment and the latest buy-to-let stamp duty rates with our updated investment guides!

Before choosing a buy-to-let opportunity in Blackpool, property investors should conduct thorough research into the area.

We’ll break down the different Blackpool localities to help you decide.

Central Blackpool

The centre of Blackpool comprises terraced housing and flats. However, the suburbs offer detached, semi-detached and bungalow properties.

This area leads down to the South Shore, where investors will find hotels and B&Bs. As such, investors with short-term let strategies may thrive here. It is also a popular residential spot. Central Blackpool appeals to locals who work in the town centre.

Average Property Prices in Central Blackpool

Zoopla puts the average house price in FY1 as £111,285. Detached and semi-detached houses cost £137,000 and £137,516 respectively. Terraced properties and flats for sale cost £97,186 and £89,489.

Learn More: Check out our expansive library of resources, covering everything from buy-to-let fees to the best buy-to-let areas!

Average Rental Yields in Central Blackpool

The average rental yield in Central Blackpool is 6.7%. This is based on data from Houses for Sale to Rent.

Areas in the eastern part of Blackpool include:

• Carleton
• Grange Park
• Common Edge
• Great Marton
• Hoohill
• Hawes Side
• Layton
• Little Marton
• Mereside
• Warbreck
• Queenstown

Investors can find residential properties and commercial properties in this part of Blackpool. Residents have great access to the town centre and the M55, so it’s good if they work in the area or further afield. In addition, parts of the area are close to green spaces, such as Marton Mere and Stanley Park.

If you further east, you’ll find Poulton-le-Fylde. This is a small market town with local amenities and a train station that connects to Blackpool and Preston. People looking for a more subdued atmosphere choose to live here. However, prices are significantly more expensive than the town centre.

Average Property Prices in East Blackpool

FY3 average property prices are £149,102. The detached properties cost £284,528. Semi-detached are £161,103. Terraced and flats are £113,180 and £81,206.

FY6 property prices are £242,853 on average. Most expensive properties include detached homes at £360.707 and semi-detached homes at £202,225. Terraced properties and flats are £175,067 and £147,787.

Average Rental Yields in East Blackpool

Rental yields in FY3 are roughly 5.3%.

Yields in FY6 are around 3.8%.

Blackpool has numerous factors that attract tenants and investors into the area.

These include:

Transport Links

Blackpool offers good transport links to the rest of the country. Residents can access the UK motorway network from the M55. The train stations also have services to the likes of Liverpool, Manchester, Birmingham and London. Blackpool Airport is also nearby but does not run passenger flights.

The local transport network allows workers and visitors to travel with ease. The tram runs from Fleetwood to Starr Gate. Buses are also frequent, connecting residents with the surrounding area.

Tourism

Tourism is one of the big economic boosters in Blackpool. The Blackpool illuminations, Pleasure Beach and promenade, attract people from all over the UK. This makes holiday lets and Airbnb property investment viable options.

However, tourism is seasonal. Expect fewer people in the winter months.

Commercial, Industrial and Regeneration Sectors

Tourism is only one aspect of the Blackpool economy. Other sectors include public services and light manufacturing. The Victoria Hospital provides plenty of jobs. In addition, the energy, nuclear and aerospace sectors also create opportunities.

Blackpool suffers from numerous high-property areas. However, the Blackpool Council has plans to inject life into the area.

Regeneration schemes include:

• Blackpool Central – a £300 million tourist attraction
• Talbot Gateway – office space and transport interchange
• Showtown Blackpool – a museum
• Other schemes to open new hotels and promote the retail and leisure sector

Blackpool is also trying to create more jobs in the industrial and commercial sectors. The Black Airport Enterprise Zone looks to create 180 new business opportunities, 5,000 jobs and £300 million in private investment. The zone has already brought 114 companies to Blackpool.

As more people come to Blackpool for work, investors can profit from the inevitable demand for accommodation.

Newly constructed properties frequently attract keen interest from tenants but often come with higher price tags for investors compared to traditional residential units.

To make new-build properties more affordable, one effective strategy is to engage in off-plan property investment. This involves purchasing a property before construction is completed. By entering the process at an early stage, investors can typically secure units at discounted rates compared to standard market values.

Through off-plan investment, investors stand to benefit from substantial appreciation in property value as construction progresses. As the property nears completion, the potential for capital growth tends to increase.

Like any newly built property, off-plan properties typically experience strong rental demand, potentially leading to significant rental yields in the future.

The most successful off-plan investors often target emerging areas with robust infrastructure and growing job markets. Locations undergoing substantial regeneration are particularly attractive, as many private developers focus on such areas for future construction projects.

While there is potential for off-plan investment in the Blackpool rental market, investors may discover more lucrative opportunities in UK cities with a broader range of new-build developments, such as Liverpool and Manchester.

Read More: Discover more about this investment trend with our recent buy-to-let guides, covering everything from off-plan property in Huddersfield to the latest UK hotspots!