Blackpool offers some of the UK’s most promising opportunities for property investors looking to implement the Buy, Refurbish, Rent, Refinance (BRR) strategy. Known for its affordability, strong rental demand, and potential for capital appreciation, Blackpool provides the ideal environment to grow your property portfolio.
At Pearl Lemon Properties, we specialise in sourcing undervalued properties in areas like Bispham, South Shore, and Central Blackpool. We guide investors through the entire BRR process, from securing high-yield properties to managing refurbishments and sourcing tenants. With Blackpool’s vibrant market and our hands-on approach, every project is an opportunity to achieve meaningful returns.
BRR Property Sourcing Aligned with Blackpool’s Market
Blackpool’s property market is a unique mix of affordability and high tenant demand, making it ideal for both new and experienced investors. Pearl Lemon Properties provides BRR sourcing services that align with these market characteristics, ensuring each property meets your specific investment goals.
From identifying off-market opportunities to finding tenants in Blackpool’s diverse rental market, our services focus on ensuring your investment delivers both rental income and long-term value.
Sourcing High-Yield Properties in Blackpool
Blackpool’s affordability allows investors to enter the market at a lower cost while securing properties with excellent rental yields. Areas like Bispham and South Shore are particularly popular due to their rental demand from families and professionals.
For example, we recently helped an investor secure a terraced house in South Shore for £130,000. After a £20,000 refurbishment, including modernising the kitchen and bathroom, the property was rented out for £850 per month—achieving a 7.8% gross yield.
Adding Value Through Renovation
Refurbishments in Blackpool often involve updating dated interiors or converting properties into HMOs for higher rental income. Pearl Lemon Properties manages these renovations to ensure they add tangible value to your investment.
In Central Blackpool, we worked with an investor to purchase a former guest house for £220,000. By converting it into a six-bedroom HMO, they spent £45,000 on upgrades and achieved a monthly rental income of £2,700—far exceeding the potential returns of a traditional rental.
Sourcing Tenants for Steady Cash Flow
Blackpool’s rental market attracts a wide range of tenants, from families to seasonal workers. We ensure your property is matched to the right tenant demographic to minimise vacancy periods and maintain steady rental income.
For example, in Bispham, we sourced tenants for a three-bedroom semi-detached property marketed to local families. The property was rented at £1,000 per month within two weeks of listing, ensuring the investor began seeing returns immediately after refurbishment.
Refinancing to Fund the Next Project
Refinancing is a critical part of the BRR strategy, and Blackpool’s affordability makes it easier for investors to reinvest in additional properties. Properties revalued after refurbishment often allow for significant equity release, giving you the resources to continue building your portfolio.
One investor purchased a property in South Shore for £140,000, spent £25,000 on refurbishment, and had the property revalued at £200,000. Refinancing at 75% LTV provided £150,000, effectively covering their initial costs and funding the next project.
Blackpool’s Best Areas for BRR Investments
Blackpool’s neighbourhoods each present distinct opportunities for BRR investors. Pearl Lemon Properties identifies the locations that align with your goals, focusing on rental demand, affordability, and long-term growth.
Bispham – Family-Friendly and Affordable
Bispham is a highly sought-after area for families, thanks to its quiet streets, good schools, and proximity to amenities. Properties here are affordable, typically priced between £150,000 and £200,000, with rental yields averaging 6-8%.
For example, we sourced a three-bedroom semi-detached house in Bispham for £160,000. Following a £15,000 refurbishment, it was revalued at £210,000 and rented for £1,100 per month.
South Shore – High Demand for Rentals
South Shore combines affordability with high tenant demand, particularly among professionals and seasonal workers. Properties here typically offer some of the strongest yields in Blackpool, ranging from 7-9%.
A recent project involved converting a two-bedroom flat in South Shore into a three-bedroom property by reconfiguring the layout. After purchasing the flat for £120,000 and spending £20,000 on renovations, the investor achieved a rental income of £1,050 per month.
Central Blackpool – HMO and Short-Term Let Potential
Central Blackpool’s proximity to attractions like the Promenade and Winter Gardens makes it ideal for HMOs and short-term lets. Properties in this area attract both long-term tenants and tourists, offering versatile rental opportunities.
We worked with an investor who purchased a property near the Promenade for £180,000. After converting it into a five-bedroom HMO, they achieved a monthly rental income of £2,500, with tenants including both professionals and seasonal workers.
Layton – Emerging Opportunity
Layton is an up-and-coming area offering affordable homes with increasing tenant demand. Properties here are typically priced between £120,000 and £180,000, making them ideal for first-time investors.
For example, a terraced house purchased for £130,000 underwent a £10,000 refurbishment and was rented out for £850 per month, providing a solid return with minimal upfront
Why Work with Pearl Lemon Properties in Blackpool
Blackpool’s property market presents unique opportunities, but success requires knowledge of the local landscape and effective execution of the BRR strategy. Pearl Lemon Properties provides everything you need to make confident investment decisions.
Access to Opportunities You Won’t Find Elsewhere
Many of the best deals in Blackpool are off-market, including probate sales and distressed properties. Pearl Lemon Properties connects you with these opportunities, giving you a competitive edge in this busy market.
Expertise in Tenant Demand
Understanding Blackpool’s tenant demographics is crucial for achieving strong rental income. Whether you’re targeting families in Bispham or seasonal workers in Central Blackpool, we ensure your property is marketed effectively.
Full Support Through Every Step
From sourcing properties to overseeing refurbishments and finding tenants, Pearl Lemon Properties manages the details that matter. This allows you to focus on growing your portfolio while we handle the operational aspects.
FAQs for BRR Investors in Blackpool
Most BRR projects, including purchase, refurbishment, and fees, cost between £150,000 and £250,000, depending on the property and area
Rental yields in Blackpool vary by area:
- Bispham: 6-8%
- South Shore: 7-9%
- Central Blackpool (HMOs): 10-12%
Yes, Central Blackpool and South Shore are ideal for short-term lets, with high occupancy rates and strong returns during peak season
Refinancing typically occurs within 6-12 months after completing refurbishment, depending on lender timelines and the property’s revaluation.
Yes, Pearl Lemon Properties provides full tenant management services, including sourcing tenants, contracts, and ongoing rental management.
Start Building Your Blackpool Portfolio
Blackpool’s affordability and rental demand make it a standout choice for BRR investors. Pearl Lemon Properties ensures your projects are set up for success from start to finish. Schedule a consultation today and take your next step toward building a profitable portfolio in Blackpool.
