Why investment in Blackpool, means Invest in Blackpool!

The decline in popularity of English seaside towns in the north, nearly led to the demise of resorts like Blackpool but significant investment in recent years from the EU and a £25m Town Deal from UK Government has led to a resurgence.

Keen to shake its reputation for stag and hen parties, Blackpool has diversified its offer and is aiming to attract conferences back to the town which used to welcome the Conservative Party to its shores in its heyday.

The town has an impressive list of regeneration projects currently in progress that will not only boost tourism but make it a great place to live, work, study and invest including the £300m Blackpool Central development, better transport links, high speed internet and an improved cultural offer.

So, what is the property market like in Blackpool? It would be fair to say that there hasn’t been a great deal of capital growth since the beginning of austerity. However, with all this investment that could all be about to change.

For investors the good news is that if you do your homework, you can still find great deals with well-priced houses in desirable areas. We have recently purchased a house for £80k which has a DUV of £120-130k. A nice return with a low risk. There is a high Return on Investment achievable due to relatively low purchase prices, which is great news for Buy-to-Let investors.

For investors who cannot afford to build a portfolio in the expensive suburbs of cities like Manchester, the seaside resort of Blackpool, less than an hour away, is a great opportunity since you can pick up properties for around half the price and they can be just as fruitful if not more so in terms of monthly returns and the upfront cost is much less making it a safer option too.

We are currently seeking new investors to service our pipeline so if you are interested please send us a message for an informal chat.