Land at 50 Bispham Road, Blackpool, Lancashire FY2 0SX

Description

This exceptional development site presents a high-yield opportunity for developers and investors to acquire a prime parcel of land with full planning consent in a sought-after residential pocket of Blackpool. The approved plans (Planning Ref: 25/0690) permit the construction of a contemporary part 3-storey and part 4-storey building comprising 12 self-contained flats, complete with dedicated off-road car parking. By eliminating typical planning risks and lengthy council delays, this site allows for an immediate transition into the construction phase. Positioned in a prominent and highly visible location on Bispham Road, the plot benefits from an excellent layout and superb local connectivity. Future residents will enjoy effortless access to robust public transport links, including regular bus routes and nearby rail connections, making it an ideal hub for commuters. The surrounding area boasts a vibrant mix of daily conveniences, situated just moments away from major supermarkets, independent retail shops, essential local amenities, cafes, and reputable schools. Furthermore, the location perfectly balances suburban convenience with coastal appeal, sitting within easy reach of Blackpool's iconic seafront.

Accommodation

Approved plans permit construction of a contemporary part 3-storey and part 4-storey building comprising 12 self-contained flats, with dedicated off-road car parking.

Location

Prominent and highly visible location on Bispham Road with access to public transport, regular bus routes, nearby rail connections, supermarkets, independent retail shops, local amenities, cafes, schools and Blackpool's seafront.

Tenure / Property Information

Investment Analysis

The £100,000 guide is supported only by limited local completed-sale evidence for existing residential properties on Bispham Road (£70,000–£136,500), which is not directly comparable to a consented development site. The approved 12-flat scheme is a positive feature, but no build-cost appraisal, completed GDV, unit mix, floor areas or development valuation is supplied. Market value and maximum bid therefore cannot be reliably established. The stated buyer/admin charge would be £3,600 at the £100,000 guide because the 2.75% calculation is below the stated minimum, excluding disbursements and any other fees.

Investment Snapshot

Strategy Recommendation

Potential consented residential development opportunity, but proceed only after reviewing the planning documents, title/legal pack and obtaining a full build-cost and completed-GDV appraisal. Do not bid on the supplied evidence alone.

Works Required

Construct the approved contemporary part 3-storey and part 4-storey building containing 12 self-contained flats and dedicated off-road parking, in accordance with Planning Ref: 25/0690 and the approved plans. Construction, professional, statutory and financing costs are not supplied.

Rental & Market Context

Sold Comparables

The following completed sales were identified within approximately 5 miles:

Potential BRRR Position

The site has stated planning consent for 12 flats, but no acquisition-plus-development cost, completed GDV, unit specifications, valuation evidence or refinance assumptions are supplied. BRRR feasibility cannot be calculated from the evidence.

Buy-to-Let Analysis

A single advertised asking rent of £836 pcm is supplied for FY2 0SX, but it is not stated whether this relates to one flat, a comparable property or the proposed 12-flat scheme. It cannot therefore support a portfolio rent or BTL yield calculation.

Flip Analysis

A flip appraisal cannot be established because build costs, professional and statutory costs, completed GDV and selling costs are unavailable. Existing local sales provide context only and are not direct development comparables.

Investor Risks & Due Diligence

• Completed GDV is not supplied and cannot be inferred reliably from the existing-house comparables.

• Construction, professional, statutory, finance and selling costs are not provided.

• The £836 pcm advertised rent is not identified as rent for any particular proposed flat or for all 12 flats.

• Buyer premium is unspecified and additional disbursements or seller/legal costs may apply under the legal pack.

• The development depends on the scope, conditions and continuing validity of Planning Ref: 25/0690 and the approved plans.

Recommendation

Potential consented residential development opportunity, but proceed only after reviewing the planning documents, title/legal pack and obtaining a full build-cost and completed-GDV appraisal. Do not bid on the supplied evidence alone.

Strategy Rating

Analysis Confidence

Planning description, tenure, guide price, one rental asking figure and nearby completed sales are supplied, but key development inputs including unit sizes, GDV, construction costs, professional costs, detailed planning conditions and full fees are absent.