Fylde Coast Property Investment: Special Report

Blackpool, St. Anne’s, Ansdell and Lytham are just a select few of the towns along the coastal roads of the Fylde and Wrye. Each of which holds its own unique charm and potential. Blackpool is set to explode with regards to property and lettings.

At this moment in time Blackpool both North and South shore are experiencing a great deal of regeneration proposals as the town has been singled out for Las Vegas style casino’s so to tie in with this local government specifically leisure and tourism sectors had dumped over £1.5 billion into every aspect of the town with a fair percentage of will go towards property and regeneration developments.

St. Anne’s and Lytham, these two quaint little places are more upmarket and picturesque, with restaurants and wine bars and retail therapy. The property prices are upmarket to, if directly compared to Blackpool. The houses are generally larger in scale but this gives way to splitting a property into flats and generally of a luxury standard. However the rental market in these areas is on the increase because of the price tag property has.

Ansdell is somewhere in between the two and being in the middle gives you an indication of the property market, roughly somewhere between the high priced Lytham and moderately priced Blackpool.

Attractive rental yields

Rental yields are increasing in line with regeneration advancements in Blackpool; in other sections of the coast the price per calendar month is considerably higher but still easily achievable.

Airport

Blackpool international airport is set for expansion so it will soon be able to offer more flights to a broader selection of destinations.

Regeneration

As was previously mentioned, Blackpool itself is currently under construction as it were with work expected to continue for around 5 years.

Recent developments

Off Plan Investments currently have a couple of refurbishment projects in Lytham and a selection of apartments near to the city center in Blackpool. Respectively the Lytham projects are set for fairly high rentals of around £900 per month but with there luxurious finish and location our lettings company will have no issues when they come to completion.

Ripple Effect

By the time the casinos arrive the face of Blackpool and adjoining towns will appear revitalised and once again a tourism hot spot for the UK. In line with the regeneration capital growth projections could be as high as 20% in 5 years. The older hotels and bed and breakfast’s will come up for sale and land compulsory purchased to make way for new off plan property and investment property opportunities.

By 2012 the sea front will look completely different and the prestige of the ‘kiss me quick’ town will have grown, so new business and investment capital will become a necessity, the predictions are good so first time investors could net a healthy investment property if you let Off Plan investment do the research.

<< Previous Page || Next Page >>