Investment Property in Blackpool

Invest in Real Estate in Blackpool

Investment Property in Blackpool
Investment Property in Blackpool

Blackpool property investment can be a worthwhile venture if you are selective with the areas you choose to invest in. If not, you could find that your investment suffers due to low rental yields, dwindling demand, and slow property price growth in many parts of Blackpool .

Search Map of Blackpool Investment Real Estate

Blackpool is a seaside resort in Lancashire, England. Located on the northwest coast of England, it is the main settlement within the borough also called Blackpool. The town is by the Irish Sea, between the Ribble and Wyre rivers, and is 27 miles (43 km) north of Liverpool and 40 miles (64 km) northwest of Manchester. At the 2011 census, the unitary authority of Blackpool had an estimated population of 139,720 while the urban settlement had a population of 147,663, making it the most populous settlement in Lancashire, and the fifth-most populous in North West England after Manchester, Liverpool, Bolton and Warrington. The wider built-up area (which also includes additional settlements outside the unitary authority) had a population of 239,409, making it the fifth-most populous urban area in the North West after the Manchester, Liverpool, Preston and Birkenhead areas. It is home to the Blackpool Tower, which when built in 1894 was the tallest building in the British Empire.

Throughout the Medieval and Early Modern period, Blackpool was a coastal hamlet in Lancashire’s Amounderness Hundred and remained as such until the mid-18th century, when it became fashionable in England to travel to the coast in the summer to improve well-being. In 1781, visitors attracted to Blackpool’s 7-mile (11 km) sandy beach were able to use a new private road, built by Thomas Clifton and Sir Henry Hoghton. Stagecoaches began running to Blackpool from Manchester in the same year, and from Halifax in 1782. In the early 19th century, Henry Banks and his son-in-law John Cocker erected new buildings in Blackpool, which increased its population from less than 500 in 1801 to over 2,500 in 1851. St John’s Church in Blackpool was consecrated in 1821.

Blackpool rose to prominence as a major centre of tourism in England when a railway was built in the 1840s connecting it to the industrialised regions of northern England. The railway made it much easier and cheaper for visitors to reach Blackpool, triggering an influx of settlers; in 1876, Blackpool was incorporated as a borough, governed by its own town council and aldermen. In 1881, Blackpool was a booming resort with a population of 14,000 and a promenade complete with piers, fortune-tellers, public houses, trams, donkey rides, fish and chip shops, and theatres. By 1901, the population of Blackpool was 47,000, by which time its place was cemented as “the archetypal British seaside resort”. By 1951, it had grown to 147,000 people.

Shifts in tastes, combined with opportunities for British people to travel overseas, affected Blackpool’s status as a leading resort in the late 20th century. Its urban fabric and economy both remain relatively undiversified and firmly rooted in the tourism sector, and the borough’s seafront continues to attract millions of visitors every year. Blackpool’s major attractions and landmarks include Blackpool Tower, Blackpool Illuminations, Pleasure Beach, Blackpool Zoo, Sandcastle Water Park, the Winter Gardens and Blackpool Tramway (the UK’s only surviving first-generation tramway).

The financial stability of Blackpool has translated into a real estate market that rewards forward planning and a willingness to look beyond areas of traditional affluence.

 

Buy to Rent in Blackpool

 

Renting out your Blackpool buy-to-rent investment property can grow wealth and income.

 

Whatever your goals with investment property in Blackpool are – preparation is key.

 

  • Set goals based on how much rental yield will be required and the local rental yield rates in Blackpool and be prepared to change your initial outlook.
  • Thoroughly research the Blackpool location with a special emphasis on fringe areas outside the main Blackpool metropolis that may be valued lower than their better-known neighbors. Rental yields of around 5% are still attainable in certain areas of Blackpool.
  • Ensure that your target investment property in Blackpool appeals to professionals. This is a demographic that ensures maximum income and low voids.
  • Finding and vetting suitable tenants is a job ideally left to the professionals. Working with an established letting agent with local knowledge and experience of property legislation will give you the best chance of success.

 

With our expert guidance, investing in Blackpool provides the secure knowledge that your money is working harder than it would in a local Blackpool bank and that future generations of your family will be left with substantial capital growth assets.

 

We are always happy to advise on buying investment property in Blackpool, where we have been established for over 35+ years. Physis Realty has been a firm fixture in the Blackpool property market through good times and bad. Our experts have seen it all and our portfolios continue to outperform.

Flipping Investment Property in Blackpool

Flipping property in Blackpool

 

Flipping property is when we advise clients to buy a Blackpool property below market value, renovate it and then make a profit by selling it at a higher price, all within a few months, and often before the Blackpool market has a time to react to the renovation.

 

The Flipping Strategy in Blackpool

 

Investment property flipping in Blackpool is a simple strategy. You find a property that is in need of renovation from our list and purchase it for a low price. These type of Blackpool real estate investments are sometimes referred to by professionals as ‘distressed’ Blackpool real estate.

 

What is distressed Blackpool property:

 

  • Blackpool property in need of renovation
  • Blackpool real estate with a change of purpose and use
  • Oversold Blackpool property
  • Bank repossessions in Blackpool

Put simply, long term investors in Blackpool purchase the property, renovate it and make it a lot more attractive to potential buyers.

 

Calculate profit that you make from Blackpool investment property flipping:

 

Final Selling Price less Cost of Purchase less Costs = Profit

Here is an example:

Blackpool property purchase price: $220,000

Renovation costs: $20,000

Other costs: $25,000

Property sale price: $400,000

Profit: $135,000

 

Experienced property developers in Blackpool use a minimum profit value of 22% when looking at potential Blackpool projects.

 

The reason for this is because there are lots that can go wrong in Blackpool property flipping and working on a potential margin of 22% should still leave a good margin of error.

 

Invest through a Fund in Blackpool

 

Property Secured Investments is a Private Equity fund that invests in Blackpool and many other towns and cities across Europe. The fund is only available to Sophisticated Investors and closed to United States Citizens. While this is not an offer or promotion of the fund, more information can be found at the website

Luxury Property in Blackpool

For luxury property investors hoping to add a superb property in Blackpool to their luxury real estate investment portfolio, Physis Realty is a trusted partner.

 

A world leader in luxury real estate with a portfolio comprising some of the most sought-after real estate in Blackpool, Physis Realty caters particularly to high net-worth individuals and families. A luxury real estate investment in Blackpool should be entrusted to only the highest-quality agency.

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