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Lytham St Annes St Annes Property Market Information

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As the housing market stands at the moment the property in Lytham St Annes does move fairly quickly as it is definitely a sought after area with property only really staying on the market for a matter of weeks in the majority of cases even sooner.

Estate agents in the area keep names of potential buyers on file and then as soon as a property fitting their criteria comes onto the market they are notified and viewings arranged.

Below you’ll find a wealth of property analysis, data and statistics for Lytham St Annes. This property information has been designed to be of interest to potential home buyers, sellers and investment property owners.

Given that over the last 5 years the UK national average for housing price growth has been 102.0% and general capital growth increased at a rate of 12.4% annually. It was interesting to find that Lytham St Annes has seen 93.9% and 11.7% with a further increment of 4.4%

Lytham St Annes is a small town on the Fylde coast which plays host to a number of high profile residents and has property to match the status.

With the recent release of housing price statistics it has shown Lytham St Annes to be just over the national average with prices in the region of £200,000 against £193,489 with the average earnings of nearly £30,000.

The property in Lytham St Annes is definitely a step up in the market, but that isn’t to say out of reach. Off Plan Investments recently acquired two houses for property investment / buy to let purposes. Both of which were taken on as our own refurbishment developments.

More information on this can be found on www.off-plan.co.uk or alternatively in the buy to let / investment areas of this guide.

Market Characteristics

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Lytham St Annes’s property breakdown looks like this:

Semi detached sits top of the list	31.3%	6,572
Flats and apartments close 2nd	30.3%	6,360
Detached houses	23.4%	4,907
Terraced housing accounts for	14.8%	3,108
Temporary accommodation	0.1%	23

As you can tell from the above statistics semi detached housing and flats/apartments make up over 60% of the total housing in Lytham St Annes. With prices set at around between, £109,029 – 243,986 – 299,804 for 1-2 and 3 bedroom properties respectively.

These are average house prices, as you can see even the average is quite high for a 3 bedroom semi detached property. You may however be astounded to know that recent transactions on Regent Avenue (Lytham St Annes premier address line) housing went for as much as £777,346 so this gives you an insight into the scale and grandeur on offer in the picturesque coastal town.

Although these prices may be slightly out of the price range of first time buyers and starter families the rental market in Lytham St Annes is extremely healthy because of the inflated prices. To the point where people are crying out for rental opportunities.

Off Plan Investments have recently realised this fact and are in the process of adding Lytham St Annes properties to our business portfolio. Visit www.off-plan.co.uk for further details.

1.Lytham St Annes to give it full title has a lot to offer the buy to let / investment property world, there are a few gems still to be found it you are prepared to bide your time and spend money wisely. The larger properties in Lytham St Annes are generally found off of the main shopping precinct and into the suburbs or on the sea front. These are valued in the hundreds of thousands but if you are in the market for an investment property on a buy to let Off Plan Investments has the solution. The mid sized properties in Lytham St Annes that are just a short walk from the precinct are valued around £350,000 and are big enough to still be broken up into luxury finished flats, which are ideal for the rental market.

Off Plan Investments undertook one such project in which we took an existing house and split it into 2 x 3 bedroom flats. Which were then sold off as buy to let / investment property for £255,000 each, this at first may seem high again but the achievable rentals are set at £1,000 per calendar month which easily pays the buy to let mortgage.

2.The second place to invest in Lytham St Annes would be on the outskirts in the smaller houses 1-2 bedroom properties because these work in everybody’s favour, lower priced easily accessible for first time buyers and single professional people. Tuxford Road was one such project where Off Plan Investments bought 6 houses at around £69,000 - £100,000 each split into 1 open plan or 2 bedroom luxury apartments. Once all of the properties were completed and sold the total profit was around £750,000 less the costs and legal fees.

Future Development

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Lytham St Annes housing prices have been consistently climbing for the past 10 years, for anyone already owning buy to let / investment property within Lytham St Annes this is understandably a good thing, however the problem starring Lytham St Annes in the face, is that new and first time buyers cannot raise the funds to get their feet on the property ladder.

This problem is in the process of being solved with a new housing development currently in the off plan property stage.

Lytham St Annes Quays, is an estimated 650 million pound development on land just of off Dock Road and Preston Road. It is the biggest planning application lodged in the borough, set to include thousands of homes, shops, restaurants, canals, cinema, swimming pool, a primary school, market area and Ribble Observatory.

Lytham St Annes Quays is a development comprising of spacious apartments, mews style town houses and luxury detached homes on the banks of the Ribble Estuary in Lytham St Annes St Annes.

The developer’s belief is that it will bring jobs and affordable housing to the town. The Quays does not come without its detractors, some of the Lytham St Annes residents are unhappy about the scale of the proposed development, voicing several opposing arguments one of which is that it will change the face of Lytham St Annes itself taking away the quaint image that Lytham St Annes currently holds.

The plans have since been altered slightly to coincide with the views expressed by the town planning comity. Including 60% of the buy to let / investment property needing to be, affordable to first time buyers.

Then in October 2006 a third of the 260 homes on Lytham St Annes Quays were snapped up within a week of going on sale. Leaders of the development say they have been inundated with interest since these properties – which cost between £190,000 and £800,000 each – came on to the market.

A previous development just outside Lytham St Annes was Cypress Point, which was met with similar interest with all the properties being snapped up in less than 6 months.

Lytham St Annes itself does have quite strict planning constraints, especially regarding new build property. The town has a distinct lack of space for new housing, with the exception of the Quays development which way previously employment restricted land.

So the Quays development although still in the off plan stages is a good place to look if you wish to have a Lytham St Annes address but cannot afford the towns prices, then Lytham St Annes Quays would be a good place to start.

Buy to Let / Investment Areas

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As previously mentioned in market characteristics, the cheaper end of the property market in Lytham St Annes is the most viable option as cheaper property can always be bought on a buy to let basis, eventually to be sold off hopefully for profit.

The other areas are aimed for the larger scale investor who firstly has the capital to buy a property but then secondly can afford to convert the property into whatever shape of from they wish.

Generalbuy to let / investment areas in Lytham St Annes are fairly hard to catogorise as there are not constantly open avenues, all we at Off Plan Investments can suggest is that dependant on what you are searching for, whether it be flats, apartments, or houses in general then get in touch with either Off Plan Investments via www.off-plan.co.uk to be kept up to date with the latest developments we have to offer, or alternatively find listings for local agents to be placed on a priority list.

The latter can take time but can be rewarding, specifically if you are looking for something particular. Off Plan Investments are always willing to help you find what you are looking for in buy to let / investment property.

The history of property in Lytham St Annes

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Lytham St Annes St Annes is a town in the Fylde district of Lancashire, England. The original twin towns of Lytham St Annes and St Annes have grown together and now form a seaside resort, sometimes seen as a smaller but grander alternative to nearby Blackpool.

St-Annes-on-Sea was a 19th century planned town. The town of St Annes was mostly laid out according to a plan drawn up by businessmen who saw the economic benefits of attracting large numbers of visitors from the mill towns to the east. It retains much of its original character today, but has less style than Lytham St Annes, its near neighbour. It is a traditional quiet Victorian / Edwardian seaside resort with up-market hotels, a sandy beach, donkeys, a small pier and ice cream stalls. Sand dunes fringe the beach, and the town has an excellent, but little known sand dune nature reserve, and very good floral displays.

Lytham St Annes's tree-lined streets are flanked by small shops that are still family businesses. There are some particularly good speciality food shops. Lytham St Annes brims with old fashioned charm. Lytham St Annes Windmill is a local landmark on the green by the beach.

The town's history has seafaring links, the economy previously being founded on fishing and shrimping. Later, wealthy industrialists moved from the east of the county.

Today Lytham St Annes St Annes is famous for golf at Royal Lytham St Annes & St Annes Golf Club, The Green, the recently restored Windmill and Old Lifeboat House Museum, and Lytham St Annes Club Day, a local festival each June. The Green overlooks the estuary of the river Ribble and the Welsh mountains.

Ansdell is a small district between Lytham St Annes and St Annes. It has its own railway station (shared with Fairhaven), the "Ansdell Institute" club and a small library. It is famous because of Richard Ansdell RA, an artist who lived in the area and painted a large number of oil pictures of dead pheasants held by spaniel dogs and other similar hunting and shooting subjects. In fact, Ansdell enjoys the distinction of being the only place in England to be named after an artist.

Fairhaven, another district between Lytham St Annes and St Annes, lies between Ansdell and the coast. It is named after Thomas Fair, an early resident of Lytham St Annes St Annes. Its main claim to fame is its artificial lake, known as Fairhaven Lake or more formally as the Ashton Marine Park, which is an important wildfowl habitat. Its other famous landmark is the Fairhaven United Reformed Church, which is of unusual design, being built in Byzantine style and faced with glazed white tiles, and commonly known as the White Church. Since 1984 the town has been twinned with the German town on Werne.