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Vanessa Warwick Landlord and Co-Founder of PropertyTribes.com **If you have got value from Property Tribes, find out how you can support it in remaining a free to use community resource**
There is never a free lunch....
This should suffice...
The Coastal Communities Fund is set to pay for a new £25million conference centre for Blackpool.Blackpool Borough Council is hoping to re-establish Blackpool as an attractive venue for national conferences. A modern conference centre within the town’s iconic Winter Gardens will provide new conference accommodation, catering and exhibition space for up to 1,200 delegates.It is proposed the new conference centre will open for business in 2019.
Just up-dating this thread with news of landlord licensing coming to Blackpool.A new consultation has been launched by Blackpool Council as they seek a range of views on proposals to introduce a selective licensing scheme in the central area.
If the proposed scheme is implemented and the central area (comprised of three wards: Bloomfield, Brunswick and Talbot) has been designated for selective licensing, it will require all private landlords in the area to have a licence and meet the subsequent conditions. The licence holder can be the owner of the property or an appropriate person appointed by the owner, e.g a managing agent.The council is proposing a standard licensing fee of £775 per property, with dwellings that the council deems suitable meeting the ‘Blackpool standard’ paying a rate of £542(30% discount) alongside promotion on the council website.Find out more
Blackpool has just voted into the worst place to live top ten.
I haven't been there for 40 years and it was pretty down heel then.
The popular seaside resort of Blackpool is currently home to one of the UK’s hottest property markets, according to research carried out by online estate agents Housesimple.com.
Analysis of the latest Land Registry data for completed property sales showed that the number of houses sold in Blackpool rose by 17% between the first and second quarters of 2018, more than any other major town or city in the UK.
Property sales also grew by more than 15% over the same period in Lancaster (16.6%) and Durham (15.4%). Swindon, Hartlepool, Leicester, Middlesbrough, Warrington, Gloucester and Newcastle made up the rest of the top 10, all with growth of 7.2% or more.Full/source article
Really Vanessa ???????, we are constantly watching developments in Blackpool because it undoubtedly has huge potential, but it needs a big operator to go in there and invest heavily, someone like Genting or Disney (perhaps that's pushing it). At the moment though I wouldn't touch it, though we have recently invested in the posh part, Lytham and that's performing really well. We will hopefully be doing a lot more there in 2019.
Stewardson Developments Ltd.
Burson Land Ltd. & Jennings & Gilchreaste Ltd.
Follow me on twitter - @philstewardson
More important question for dogpowders is, will he be able to get a mortgage having first 3 properties in London presumably below 6% yield and will fail PRA stress testing.
Blackpool residents are encountering the most issues with selling their properties, despite the city actually being the most affordable place for first-time buyers. Perhaps surprisingly, London homes are selling almost as slowly, taking, on average, 126 days, compared with Blackpool’s 13Read more at https://www.idealhome.co.uk/news/how-lon...m6MhDuW.99
I just listened to a podcast while at the Gym of someone who made a mint, and then lost it in Blackpool (inside property investing). I wonder who brought up all the assets.
He had some valid points about high yielding properties working for some and not others. Good luck to the chap to get back on it.
If its the person that commented earlier in this thread then their attitude there seems rather confrontational. Oh well.
Never been to Blackpool myself...