A Guide to Property Investment in Blackpool
Your FREE Guide to Property Investment in Blackpool
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Introduction to Blackpool
Adrenaline junkies can dive into the excitement of Blackpool Pleasure Beach, home to heart-racing white-knuckle rides. Don’t miss the iconic Blackpool Tower, one of the world’s most beloved landmarks, offering a variety of unforgettable experiences like the enchanting Tower Ballroom, the thrilling Tower Circus, the spine-tingling Tower Dungeons, and the breathtaking views from the Tower Eye.
For animal lovers, Blackpool Zoo offers a wild adventure, while SEA LIFE Blackpool lets you swim alongside sharks for a truly unforgettable experience. Want to rub shoulders with the stars? Head to Madame Tussauds! Or escape to a tropical oasis at Sandcastle Waterpark, where the temperature is always a toasty 84 degrees.
Blackpool’s Inward Investment
Blackpool is undergoing significant investment and regeneration efforts aimed at revitalising the town, enhancing its economy, and improving the quality of life for residents and visitors.
These projects collectively represent a comprehensive effort to rejuvenate Blackpool, fostering economic growth, improving infrastructure, and enhancing the town’s appeal as a destination for both residents and visitors.
BLACKPOOL CENTRAL DEVELOPMENT
A £300 million private sector-led regeneration scheme, Blackpool Central is set to become the largest single investment in the town for over a century. The project will transform the area into a year-round leisure destination featuring new entertainment centres, hotels, restaurants, a public square, and a Heritage Quarter. The development is expected to create approximately 1,000 jobs and attract an additional 600,000 visitors annually.
TALBOT GATEWAY PHASES 2 AND 3
The Talbot Gateway project is a major redevelopment initiative in Blackpool’s town centre. Phase 2 includes a new tramway extension and transport interchange, enhancing connectivity and accessibility. Phase 3 involves the construction of a Department for Work and Pensions (DWP) Civil Service Hub, which will accommodate around 3,000 employees, stimulating economic growth and increasing footfall in the area.
WINTER GARDENS CONFERENCE AND EXHIBITION CENTRE
A £25 million investment has been made to develop a state-of-the-art conference and exhibition centre within the historic Winter Gardens complex. This facility aims to boost business tourism, hosting events and conferences that will contribute to the local economy.
BLACKPOOL AIRPORT ENTERPRISE ZONE
With an investment of approximately £300 million, the Blackpool Airport Enterprise Zone focuses on creating a hub for business and industry. The project aims to generate employment opportunities, attract new businesses, and stimulate economic development in the region.
SHOWTOWN MUSEUM
A £13 million investment has been allocated for the development of the Showtown Museum, celebrating Blackpool’s rich entertainment history. The museum aims to become a cultural landmark, attracting visitors and preserving the town’s heritage.
HOUSING REGENERATION
Recognizing the need for improved housing, Blackpool Council, in partnership with the government and Homes England, has secured £90 million to create new homes and vibrant neighbourhoods, particularly in central Blackpool. This long-term project, expected to span 15 to 20 years, focuses on replacing old housing with modern, comfortable homes and enhancing community facilities.
Hospitality Growth in Blackpool
Blackpool is currently experiencing significant development in its hospitality sector, with several major hotel projects underway:
1. Winter Gardens Hotel: In June 2024, Blackpool Council approved plans for a five-storey, 266-bedroom hotel adjacent to the Winter Gardens. This development aims to attract a global hotel brand to the resort and potentially facilitate the return of major political conferences, which have been absent since 2007 due to a lack of suitable accommodations. The hotel is planned to operate under two brands, catering to both business guests and leisure visitors.
2. Blackpool Pleasure Beach Expansion: The renowned amusement park, Blackpool Pleasure Beach, has announced plans for a significant expansion, including the construction of a new high-end hotel. This would be the park’s third hotel, complementing the existing Boulevard Hotel and Big Blue Hotel. The proposed location is near the park’s Casino building, with additional plans for pet-friendly apartments connected to the Boulevard Hotel. These developments are currently in the planning stages and are intended to enhance visitor experience and accommodation options.
3. Seafront Transformation: Blackpool’s iconic Golden Mile is set for a £300 million transformation, which includes the development of new hotels, indoor entertainment venues, and restaurants. This project, announced in 2021, represents the largest investment in Blackpool’s tourism infrastructure in over a century. The comprehensive plan aims to revitalize the seafront and solidify Blackpool’s status as a premier entertainment and holiday destination in the UK.
These developments reflect a concerted effort to rejuvenate Blackpool’s tourism appeal by enhancing accommodation options and modernizing attractions to meet contemporary visitor expectations.
Property Investment in Blackpool
Investing in property in Blackpool can be a lucrative opportunity for several reasons. Considering these factors, Blackpool offers several opportunities for property investors looking to achieve very profitable rental income and long-term capital appreciation.
Here are some key factors to consider:
1. Tourism Hub: Blackpool is a major tourist destination in the UK, known for its famous attractions like the Blackpool Tower, Pleasure Beach, and the Winter Gardens. High foot traffic from tourists provides strong rental demand, especially for short-term holiday lets and serviced accommodations.
2. Affordability: Compared to other UK cities like London or Manchester, property prices in Blackpool are relatively affordable. This makes it an attractive option for first-time investors or those looking to enter the property market without significant capital.
3. Strong Rental Demand: With a steady influx of tourists, students, and local workers, Blackpool has a consistent demand for rental properties. This creates potential for both long-term and short-term rental income streams, such as Airbnbs.
4. Regeneration and Development: Blackpool has been undergoing regeneration projects, with significant investments in infrastructure, housing, and amenities. The town is looking to improve its economy, making it a potentially high-growth area in the long term.
5. Rental Yields: Blackpool tends to offer high rental yields compared to other cities in the UK. The combination of lower property prices and high demand for rentals makes it attractive for investors seeking passive income.
6. Transport Links: Blackpool is well-connected to other major cities in the UK, with good transport links by road (via the M6 motorway) and rail. The town’s proximity to Manchester and Liverpool also increases its appeal to investors.
7. Potential for Holiday Lets: Blackpool is known for being a popular destination for weekend breaks, school holidays, and family vacations. Holiday lets are a popular investment option here due to the area’s appeal as a year-round holiday spot.
8. Regulatory Support for Investors: The local council and government initiatives aim to attract investment to the area, with schemes to enhance housing and boost the local economy. These factors could contribute to future property value growth.
9. Resilient Market: Blackpool’s property market is considered more resilient to economic downturns compared to more volatile regions. Its economy is less reliant on industries that may face fluctuations, such as finance or tech, making it a safer bet during uncertain times.
10. Growing Population: The population in Blackpool has been steadily growing, particularly due to retirees moving to the area for its affordable living. An increasing population boosts the demand for housing and can lead to property value appreciation.
Blackpool Is a Thriving Hub
WITHIN A MILE OF THE FY1 POSTCODE, THERE ARE SEVERAL POINTS OF INTEREST:
Blackpool North Railway Station: Approximately 0.83 miles away, providing rail services to various destinations.
Blackpool South Railway Station: Approximately 0.85 miles away, offering additional rail connections.
Blackpool Victoria Hospital: Located about 1.6 miles from the postcode, serving as the nearest hospital.
Revoe Learning Academy: A primary school situated approximately 0.48 miles away.
Blackpool St John’s C of E Primary School: Another primary school, about 0.53 miles from the postcode.
Central Pier: A popular entertainment venue located roughly 0.15 miles away, featuring attractions and amusements.
Houndshill Shopping Centre: A major retail destination in Blackpool, offering a variety of shops and services.
Blackpool Tower: An iconic landmark featuring an observation deck, ballroom, and entertainment facilities.
Blackpool Pleasure Beach: A renowned amusement park with a variety of rides and attractions.
Sandcastle Waterpark: An indoor waterpark offering a range of slides and pools.
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