Property prices in Blackpool

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Latest prices in Blackpool for Detached properties

The latest figures show that the average price for a Detached property in Blackpool has now reached £220,763 as of Feb 2024. This value is based upon the average value of completed property transactions in the month of February.

Average prices for a Detached property have increased substantially over the longer term in Blackpool. Back in January 1995, prices for this type of property averaged £71,189 based on sales at the time. Fast forward to January 2024, and averages reached £216,982 - representing a growth of 204.99999999999997% over 29 years.

This substantial monumental percentage rise in Detached property values far outpaced broader inflation over the same period. Rising household incomes, strong local economy, high demand and constrained supply all likely contributed to the steep price inflation seen for Detached homes in Blackpool over the past 3 decades.

Our data is sourced directly from HM Land Registry and their UK House Price Index report. This dataset is updated several times a year and we always attempt to have the most up to data information available.

The UK HPI uses sales data collected on residential housing transactions, whether for cash or with a mortgage. Properties have been included in England and Wales since January 1995, in Scotland since January 2004, and in Northern Ireland since January 2005, Data is available at a national and regional level, as well as counties, local authorities and London boroughs.

Cited from HM Land Registry

Detached prices in Blackpool over the last 12 months

DatePrice
Mar 2023£222,482
Apr 2023£221,852
May 2023£225,141
Jun 2023£228,720
Jul 2023£227,070
Aug 2023£226,129
Sep 2023£220,401
Oct 2023£223,528
Nov 2023£219,560
Dec 2023£222,491
Jan 2024£216,982
Feb 2024£220,763

Recent trends for prices in Blackpool

The latest figures from February 2024 indicate the property market in Blackpool continues to show rising price trends. Compared to January, 2024, average prices increased by 0.3% to £134,805. On an annual basis, average property prices have increased 0% since 12 months ago.

In terms of sales activity, there were 112 residential property transactions completed in Blackpool during February, 2024. Of these purchases, 43 were financed with a mortgage while 34 were all-cash sales. For cash buyers, average prices have changed by 0.3% since January, 2024, coming in at around £126,032. For properties purchased with a mortgage, the average price changed by 0.4% since January, 2024, to £141,000.

Compared to the overall picture in its national parent England, the average property price in Blackpool are lower than the current national average of £297,735. While Blackpool saw a change of 0.3% over the last month, England as a whole recorded a percentage change of 0.6% in average property values. And on an annual basis, prices across England have contracted by -1.1%, less than the 0% yearly change seen in Blackpool.

Interested in purchasing a property in Blackpool? Use our Monthly Mortgage Cost Calculator to see how much a property may cost you per month. This tool is for illustrative purposes only and does not constitute financial advice.

Average price in Blackpool by housing type

Prices last recorded in February, 2024

average

£134,805

detached

£220,763

flat

£80,407

semi-detached

£155,221

terraced

£115,022

Prices by housing type in Blackpool

Recent data shows that price growth has varied across different property types in Blackpool over the last year. For terraced houses, property prices changed by 0.3% between February 2024 and January 2024 to reach £115,022, and changed by -0.5% over the last 12 months. The annual change was less than the -1.7% change seen for terraced homes in England overall.

Meanwhile, semi-detached properties saw a rise in average prices locally, taking them to £155,221 in January 2024. This represents a 0.4% change from the same month last year.This is outperforming the 0.2% annual change in semi-detached values across the country.

Detached homes in Blackpool gained 0.3% month-over-month to reach an average of £220,763. Annually, detached property values have changed by 0.3%. This is stronger price growth compared to England's -0.5% change for detached houses over the year.

For apartments and flats, average prices decreased by -0.1% between February and January 2024, hitting £80,407. Over the last 12 months, apartment values have changed by -2.4%, surpassing England's flat and apartment growth rate of -2.8%.

Overall, semi-detached properties have seen the strongest price momentum locally over the past year, with a change of 1%, while flat properties lagged, with a change of -2.4%.

Recent purchases in Blackpool

According to data from HM Land Registry, there were 112 completed property purchases in the area of Blackpool in February 2024. Of these sales, 34 were recorded as cash purchases whilst 43 were purchased using a mortgage. Compared to this time 12 months ago, the percentage of properties purchased using a mortgage has changed by 0.2% and the percentage of properties purchased with cash has changed by -0.3%.

The number of cash and mortgage purchases may not match the recorded number due to exclusions listed on the gov.uk website

Looking for a specific property type?

Use one of the following links to find more specific information about the type of property you're looking for in blackpool.

All property prices in blackpool

Semi-Detached property prices in blackpool

Terraced property prices in blackpool

Flat & Apartment property prices in blackpool

First Time Buyer prices in blackpool

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