Property trends for FY1

    FY1 covers Blackpool's seafront and central neighbourhoods, sitting on the Lancashire coast. It is a seaside resort area with a distinctive mix of leisure, tourism, and residential character.

    At a Glance

    Average Property Price - FY1

    £115,369

    1

    National percentile

    12 month avg at 31 Jul 2026

    Average Monthly Rent - FY

    £752

    14

    National percentile

    Estimate at 31 Jul 2026

    Average Net Household Income - FY1

    £23,046

    2

    National percentile

    2023 census data

    Flat / Maisonette Yield - FY

    5.8%

    40

    National percentile

    Estimate at 31 Jul 2026

    10-Year Annualised Price Growth - FY1

    3.0%

    48

    National percentile

    Estimate at 31 Jul 2026

    10-Year Annualised Rent Growth - FY

    3.2%

    9

    National percentile

    Estimate at 31 Jul 2026

    Street Rankings — FY1

    Top 5 streets in FY1 ranked by 3-year average sale price.

    #Street3Y Avg
    1Bankfield Grove£260,000
    1St Vincent Avenue£260,000
    3Cumberland Avenue£221,167
    4Barton Avenue£220,000
    5Finchley Road£212,500

    Latest Rent — FY1

    Property Price & Volume Trends

    The latest average property price in FY1 is £115,000, placing it among the cheapest nationwide. Over the past decade, prices have grown by 3.3% annually—below the national average growth rate. Transaction activity has softened recently, with 320 sales in the latest full year compared to a 10-year average of 386, suggesting a decline in buyer appetite.

    Rent & Yield Trends

    Average monthly rent in the broader FY postcode area stands at £726, well below the national average. Rental growth over ten years has been exceptionally weak at 2.9% annually—among the slowest in the country. Flat yields have improved significantly, rising from an average of 4.6% to 5.7%, reflecting stronger investor returns in the current market.

    Income & Affordability Trends

    Household incomes in FY1 average £23,046 annually, placing the area among the lowest earners nationally. The price-to-income ratio of 4.8x has worsened slightly since 2016 (when it was 4.5x), indicating modestly declining affordability for buyers. Rental affordability has improved: the rent-to-income ratio has fallen from 25.7% in 2016 to 24.6%, easing the burden on renters.

    Resident Demographic Profile

    The age profile is notably weighted towards older residents, with those aged 50–64 comprising 22.6% of the population against a national average of 19.8%, whilst those aged 65+ fall slightly below at 15.6%. Housing tenure is highly distinctive: private rented accommodation dominates at 54.1%—more than double the national average—whilst outright ownership at 19.8% is well below the 33.7% national norm. The employment mix is heavily skewed towards elementary roles (16.8% vs 10.2% nationally) and caring professions (16.3% vs 9.2%), with a notably low share of technical roles (7.1% against 13.2% nationally).

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    Streets in FY1

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