Homes on Blackpool’s most sought-after street are today at the centre of a knockdown £4m mega sale.
But even towering homes, luxury living and gorgeous views of Blackpool’s Stanley Park golf course has not helped North Park Drive survive a crisis in confidence in the housing market.
One sixth of the 61 homes on North Park Drive are up for sale or rent, with many stuck on the market for three or four years with little interest from prospective buyers.
One homeowner today told The Gazette she has been forced to lower the asking price of her five-bedroom family home by a quarter of a million, to £409,950, in a bid to make a sale.
Valerie Chadwick, 73, said: “When I put my house up for sale and estate agents came round I was jumping up and down, I thought I’m going to make a profit on this.
“But things started to get unstable, the big houses stopped selling. I’ve reduced my price by £250,000.”
The luxury homes, featuring sweeping driveways, multiple bedrooms and reception rooms and mod-con interiors, overlooking Stanley Park Golf Course, range in price from £210,000 up to £895,000 and are struggling to sell due to the recession, residents and estate agents have said.
Mrs Chadwick added: “I put my house up the year the whole financial situation fell apart and house prices have dropped like a brick. You’re going to get what you can get.
“Next door but one sold for a ridiculous price.”
A neighbouring property to Ms Chadwick’s, a four-bedroom home, recently sold for £210,000 and is now up for auction.
And neighbours report one house on the road overlooking the golf course has dropped its asking price from £1.1m to around £900,000.
Another resident, an 87-year-old who has lived on the road since three-years-old, said she had dropped her asking price from more than £500,000 to £399,950.
She said: “I’ve had about 20 people look at it in about three years. I think it’s because people can’t get mortgages and the uncertainty of taking out a mortgage if jobs are not secure. It’s not bothering me though, it will sell when it sells.”
Sellers told The Gazette they continue to be advised by estate agents to drop their asking prices while months go by without prospective buyers even viewing the homes.
Mrs Chadwick said: “In four years I think I’ve had six people look at it.”
One seller, who asked not to be named, has claimed Blackpool is being overshadowed by more illustrious neighbours with buyers looking further afield.
The man, whose home has been on the market for three years and has reduced its asking price by hundreds of thousands of pounds, said: “Blackpool’s got such a poor reputation, people with money want to be in Lytham or in the villages like Singleton and Staining.”
But estate agents dispute this and argue that Blackpool continues to boast popular neighbourhoods especially as money is invested in the resort.
And Ms Chadwick added: “Now has got to be the time for people to buy a bigger house though because prices will go up again.”
How much will a home set you back?
There are 61 houses along the 0.8 mile stretch of North Park Drive.
Of those, 10 are up sale or auction.
The most expensive of the 10 homes on the market is a five-bed home up for £895,000.
The home overlooking the golf course has reportedly dropped its asking price from more than £1m and sellers are willing to part exchange the property after three years on the market.
Another five-bed home has reduced from £799,950 to £649,950 while one five-bed stands at less than half the price of the most expensive at just £409,950, having reduced in price by a quarter of a million after being on the market for four years.
A four-bed property at the St Walburga’s Road end is asking for £359,950 while a similar price, £360,000, is being asked of for a two bed bungalow overlooking Stanley Park golf course.
Elsewhere on the road four-bed homes are asking for anywhere in the region of £210,000 up to £395,000.
HOMES FOR SALE/LET
4-bed semi, £299,950 (Raistrick)
4-bed semi with four-car garage, £395,000 (Frank Wyles/Allitt)
4-bed, £210,000 (Barnard Marcus/Propertree/Broomheads)
5-bed semi, £409,950 (reduced by around a quarter of a million) (Hunters)
2-bed semi for rent at £995 per calendar month (Broomheads)
2-bed bungalow, £360,000
5-bed semi, £895,000 (reduced from more than £1m) (Oyston’s)
5-bed semi, £649,950
4-bed semi, £359,950
House close to nurses quarters: 4-bed semi, £350,000