September 25 Market Update for FY4

September 2025 saw the property market in Blackpool and its local surroundings maintaining a stable yet intriguing trend. As we delve into the data gathered from our analysis of 193 property sales, it's clear that the local market reflects a balance of buyer interest mingled with the existing economic conditions.

The average price per square foot remained steady at £103 over the past six months, indicating a steady demand for properties despite the slight fluctuations in interest rates and overall economic conditions. This consistency in price per square foot demonstrates the resilience of Blackpool as a prime location for buyers and investors alike. Properties here are attracting significant interest, with many buyers recognising the value that Blackpool offers.

In terms of overall sales, the average property sale price last month stood at £100,449. This is indicative of an accessible market, making it a great time for first-time buyers to take a step onto the property ladder, while also creating opportunities for property investors and those looking to upgrade. The fact that the local market has an average turnover of sales at 24% suggests a fairly active environment. Homes are changing hands and with it comes the notion of a dynamic community, attracting individuals from diverse backgrounds and interests.

The current climate also sees an average two-year fixed mortgage rate at 4.25%. For many, this might seem high compared to previous years, yet it still remains historically low when we look further back. This moderate rate allows many buyers to plan their finances effectively as they navigate their way through the buying process. It's important for potential homeowners to remember that the right mortgage product can lead to significant savings over the life of the loan.

Income levels play a crucial role in property purchasing power, and in Blackpool, the average household income is reported to be £29,200. While this earnings figure may set constraints for some buyers, it also opens up numerous possibilities within our local property market. With a various range of properties available, from affordable starter homes to larger family residences, individuals and families alike can find something that fits their need and budget.

The overall sentiment around the local market reveals that despite economic uncertainties, Blackpool remains a desirable location. The community feel, combined with a host of amenities, schools, parks, and community activities, makes it an attractive choice for many buyers. We at Stephen Tew Estate Agents firmly believe that understanding the local market and its economic landscape provides a wealth of opportunity for informed decision-making.

As we move into October, it's a key time for both buyers and sellers to take stock. Those thinking of venturing into the market should feel encouraged by the stability shown in September's sales and pricing data. With the average property price still on the lower end compared to other areas, we are optimistic that continued interest will keep the local market thriving.

For sellers, it's equally an opportune moment. With a relatively brisk turnover of sales and a consistent average sale price, those looking to list their properties can expect a fair response from prospective buyers. Understanding local demand, coupled with professional guidance, can be a winning strategy in reaching a successful sale.

In summary, September 2025 illustrates a local property market that is stable yet vibrant in Blackpool. Potential buyers and sellers can benefit from our insights and guidance to navigate their journey smoothly. Whether you are looking to buy or considering selling your property, our expertise ensures you stay informed about market trends and opportunities.

As proud members of The FIA, a network of high-quality UK independent estate agents, we at Stephen Tew Estate Agents are here to assist you. Please do get in touch with us for further information about the market or to request a market appraisal for your property. We look forward to helping you make the most of what the local market has to offer.