You are here: Property Solvers Home Homeowners Hub UK House Prices House Prices in FY1

House Prices in FY1

The average house price in FY1 (Blackpool) is £83,103 using HM Land Registry data.

The average property price increased by £27,975 (10.58%) over the last 5 years and increased by £5,592 (1.78%) over the last 12 months.

Over the last year, there were 313 residential property sales – a decrease of 180 transactions (-57.51%) relative to the previous year. The majority of house sales (73) were in the £82,000 - £104,000 range. Then came properties in the £104,000 - £126,000 range, where 59 were sold within this price bracket.

Excluding fall throughs, properties are taking an average of 96 days to sell (from being listed to completion) and the average difference between asking and sold prices is £-4,870 (-4%).

In June 2024, there were 106 new estate agency instructions, 63 agreed home sales and 53 property price reductions.

5-Year Average Property Prices in FY1 (Blackpool)

10.58%

Property prices in Blackpool increased by 10.58% in last 5 years.

The trend shows the general price tendency over the last 5 years, ignoring all month-to-month fluctuations where anomalies - typically over or underpriced property sales - can skew results. These monthly variations typically do not have any long-term relevance.

We have used linear regression method. The volume of sales in a month is used to put more weight on months with a larger number of properties sold. Additionally, weighting decreases the impact of months with low sales volumes as well as the most recent month - which may consist of incomplete data. Such months have a higher variation of average sale values which may conceal the underlying trend.

From a statistical perspective, we use the least squares method to fit the trend line and weights are equal to the volume of sales squared. The volume of sales is not shown explicitly in the above plot. Also note the time lag for HM Land Registry data to appear (typically 2 to 3 months).

Average Property Prices in FY1 (Blackpool) Over the Last Year

1.78%

Property prices in Blackpool increased by 1.78% in last 12 months.

The trend shows the general price tendency over the last 12 months, ignoring all month-to-month fluctuations where anomalies - typically over or underpriced property sales - can skew results. These monthly variations typically do not have any long-term relevance.

Property Market Heat Gauge for FY1 (Blackpool) - June 2024

Our Property Market Heat Gauge looks at how long properties in your postcode district have been on the open market before being changed to sold 'Subject to Contract' ('STC') or 'Under Offer' on Rightmove (the UK's leading property portal).

At 81 to 100 days, the broad evidence suggests a very slow moving market. This can often be due to estate agency over-valuations out of sync with the realities, a notable market slowdown or a combination of both. In such scenarios, vendors may either choose to wait for the market to pick up (which may result in relisting the property at a later date). Those committed to selling will often need to drop the price to a level that will entice genuine homebuyer interest or approach a sell house fast or auction company like Property Solvers.

Please note that this is not an indicator of how quickly property sales are taking to complete (i.e. to go through the whole conveyancing process). This measurement also does not take into account the risk of home sales falling through.

No. of New Instructions Over the Last 12 Months in FY1 (Blackpool)

Using local estate agency reported data, this chart illustrates the number of properties that have come on to the market.

No. of Agreed Home Sales Over the Last 12 Months in FY1 (Blackpool)

Using local estate agency reported data, this chart illustrates the number of property sales agreed. Note that these figures are not fully reflective of properties completed (sold and registered as such at HM Land Registry).

No. of Properties with Price Reductions in FY1 (Blackpool)

Using local estate agency reported data, this chart illustrates the number of properties which have been seen their prices dropped (typically due to a lack of buyer interest).

Average Annual House Prices in the FY1 (Blackpool) Postcode since 1995

Using HM Land Registry data, this chart displays average annual house prices in the FY1 postcode area since 1995.

Recent Sales in FY1 (Blackpool)

Address	Initial Price	Sold Price	Price Change	First Listed Date	Sold Date	Days to Sell
2c, Ball Street, Blackpool, FY1 6HL	£100,000	£95,000	-£5,000	26 Feb 2024	21 May 2024	85 Days
20 Bute Avenue, Blackpool, FY1 2HR	£38,500	£32,000	-£6,500	05 Oct 2023	07 May 2024	215 Days
29 Wall Street, Blackpool, FY1 2EG	£79,950	£75,500	-£4,450	09 Apr 2024	03 May 2024	24 Days
Flat 9, Adelaide Court, Adelaide Street, Blackpool, FY1 4LU	£69,950	£68,000	-£1,950	05 Sep 2023	20 Apr 2024	228 Days
29 Hawthorn Road, Blackpool, FY1 2RE	£100,000	£98,000	-£2,000	25 Oct 2023	19 Apr 2024	177 Days
61 Manor Road, Blackpool, FY1 4EA	£112,000	£72,000	-£40,000	31 Oct 2023	17 Apr 2024	169 Days
7 Bennett Avenue, Blackpool, FY1 4DP	£165,000	£80,000	-£85,000	07 Dec 2022	15 Apr 2024	495 Days
16 Brun Grove, Blackpool, FY1 6PG	£75,000	£71,250	-£3,750	07 Feb 2024	15 Apr 2024	68 Days
17 Waverley Avenue, Blackpool, FY1 2RT	£190,000	£190,000	£00	16 Jan 2024	12 Apr 2024	87 Days
37 Leamington Road, Blackpool, FY1 4HF	£250,000	£245,000	-£5,000	27 Sep 2023	18 Mar 2024	173 Days
157 Park Road, Blackpool, FY1 4ET	£155,500	£150,000	-£5,500	22 Jul 2023	20 Feb 2024	213 Days
35 Ormond Avenue, Blackpool, FY1 2LW	£110,000	£105,000	-£5,000	19 Sep 2023	12 Feb 2024	146 Days
242 Park Road, Blackpool, FY1 6RR	£135,000	£130,000	-£5,000	11 Oct 2023	09 Feb 2024	121 Days
12 Eccleston Road, Blackpool, FY1 6NH	£70,000	£66,000	-£4,000	02 Aug 2023	09 Feb 2024	191 Days
3 Westwell Grove, Blackpool, FY1 4PG	£75,000	£74,000	-£1,000	31 Oct 2023	09 Feb 2024	101 Days
46 South King Street, Blackpool, FY1 4NJ	£120,000	£80,000	-£40,000	26 Jan 2022	02 Feb 2024	737 Days
54 Gainsborough Road, Blackpool, FY1 4DZ	£89,950	£84,000	-£5,950	21 Sep 2023	29 Jan 2024	130 Days
13 Manor Road, Blackpool, FY1 4EA	£134,950	£130,000	-£4,950	10 Oct 2023	26 Jan 2024	108 Days
6 Hampstead Mews, Blackpool, FY1 2SG	£105,000	£100,000	-£5,000	28 Aug 2023	19 Jan 2024	144 Days
233 Bloomfield Road, Blackpool, FY1 6QG	£160,000	£160,000	£00	24 Aug 2023	18 Jan 2024	147 Days

Most Expensive Streets in FY1 (Blackpool)

Postcode	Street	Area	Average	No. of Sales
FY1 6RT	St Vincent Avenue	Blackpool	£225,500	5
FY1 4EZ	Leamington Road	Blackpool	£224,799	5
FY1 4EJ	Gloucester Avenue	Blackpool	£203,000	3
FY1 4HZ	Reads Avenue	Blackpool	£196,666	3
FY1 4JD	Reads Avenue	Blackpool	£193,333	3
FY1 4BX	Palatine Road	Blackpool	£191,333	3
FY1 2SF	Holly Road	Blackpool	£175,750	10
FY1 2RW	Warley Road	Blackpool	£174,421	7
FY1 2SE	Links Road	Blackpool	£174,000	3
FY1 5QL	Cumberland Avenue	Blackpool	£173,812	8

Least Expensive Streets in FY1 (Blackpool)

Postcode	Street	Area	Average	No. of Sales
FY1 4JL	Kingsley Court, Park Road	Blackpool	£37,650	3
FY1 5DL	Promenade	Blackpool	£39,140	5
FY1 5AX	Naventis Court, Singleton Street, Blackpool	Blackpool	£39,666	3
FY1 1RZ	Promenade	Blackpool	£49,950	8
FY1 2JD	Richmond Court, Ashburton Road	Blackpool	£53,200	5
FY1 6AE	Bolton Street	Blackpool	£58,290	5
FY1 3LH	Milbourne Street	Blackpool	£59,285	7
FY1 3LX	Danesbury Place	Blackpool	£59,375	4
FY1 5NF	Grasmere Road	Blackpool	£60,333	3
FY1 5HP	Grasmere Road	Blackpool	£60,444	9