# FY1 1RZ Area Summary
FY1 1RZ covers a central area of Blackpool, primarily encompassing parts of the town centre and nearby residential streets. This postcode district is characterised by a high concentration of more affordable housing stock, with an average property price of £72,600 based on 93 properties—significantly below both regional and national averages. The area predominantly features Victorian and Edwardian terraced houses, many of which have been converted into flats and houses in multiple occupation (HMOs), catering to Blackpool's substantial rental market driven by seasonal tourism and hospitality workers.
The property market here represents an entry-level opportunity for first-time buyers and buy-to-let investors seeking high rental yields in a coastal location. The low average price point reflects the area's urban character, proximity to Blackpool's entertainment district, and the prevalence of smaller properties and conversions. Whilst capital appreciation has historically been modest, the area benefits from strong rental demand throughout the year, particularly from those working in Blackpool's tourism sector and students attending nearby educational institutions. Properties typically sell relatively quickly due to their affordability, making this a liquid market for investors willing to embrace an active rental management approach.
The average house price in FY1 1RZ, Blackpool is £72,600. Prices range from £49,950 to £836,691.
There are 93 properties in FY1 1RZ, Blackpool.
FY1 1RZ contains 64 other properties, 26 flat / maisonette properties, 3 terraced properties.
Average house prices in FY1 1RZ have fallen by 71.3% from £174,000 in 2002 to £49,950 in 2020.
FY1 1RZ is located in Blackpool, Blackpool, England.
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