2 Bed Bungalow, Single Let, Morecambe, LA3 2AU, £239,950

Tibicar Drive West, Heysham, Morecambe, LA3 2AU - a year ago

BTL
~68 m²
+10 photos

ValuationOvervalued

Sold Prices£90K - £250K
Sold Prices/m²£1.3K/m² - £3.5K/m²

 

 

Square Metres

~68.11 m²
Price/m²£3.5K/m²

Value Estimate

£154,952

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£59,988

Stamp Duty & Legal Fees

£8,399

Total Cash In

£68,386

 

 

Cash Out

 

Rent Range

£525 - £1,195

Rent Estimate

£563

Running Costs/mo

£882

Cashflow/mo

£-319

Cashflow/yr

£-3,833

Gross Yield

3%

Local Sold Prices

54 sold prices from £90K to £250K, average is £146K. £1.3K/m² to £3.5K/m², average is £2.4K/m².

PriceDateDistanceAddressBeds 
£120K12/200.09 mi31, Bleasdale Grove, Heysham, Morecambe, Lancashire LA3 2EX2
£117K04/210.1 mi299, Heysham Road, Heysham, Morecambe, Lancashire LA3 2BA2
£195K12/200.12 mi311, Heysham Road, Heysham, Morecambe, Lancashire LA3 2BA2
£160K02/210.16 mi29, Rylstone Drive, Heysham, Morecambe, Lancashire LA3 2DY2
£155K07/210.16 mi74, Rylstone Drive, Heysham, Morecambe, Lancashire LA3 2DY2
£186K08/230.16 mi33, Rylstone Drive, Heysham, Morecambe, Lancashire LA3 2DY2
£129.9K04/210.18 mi4, Harrison Crescent, Heysham, Morecambe, Lancashire LA3 1PX2
£169.9K08/210.2 mi20, Oxcliffe Avenue, Heysham, Morecambe, Lancashire LA3 1PT2
£120K01/230.2 mi15, Willacy Parade, Heysham, Morecambe, Lancashire LA3 1LT2
£134.5K03/210.21 mi76, Oxcliffe Road, Heysham, Morecambe, Lancashire LA3 1LX2
£160K04/210.21 mi72, Oxcliffe Road, Heysham, Morecambe, Lancashire LA3 1LX2
£185K12/220.21 mi90, Oxcliffe Road, Heysham, Morecambe, Lancashire LA3 1LX2
£132K02/210.22 mi45, Levens Drive, Heysham, Morecambe, Lancashire LA3 1JN2
£145K09/210.27 mi4, Threshfield Avenue, Heysham, Morecambe, Lancashire LA3 2DU2
£118K11/200.28 mi2, Crofters Fold, Heysham, Morecambe, Lancashire LA3 2AH2
£139.9K03/210.3 mi8, Ashcroft, Heysham, Morecambe, Lancashire LA3 2AP2
£139.9K03/210.3 mi8, Ashcroft, Heysham, Morecambe, Lancashire LA3 2AP2
£139.9K03/210.3 mi8, Ashcroft, Heysham, Morecambe, Lancashire LA3 2AP2
£173K02/230.3 mi25, Levens Drive, Heysham, Morecambe, Lancashire LA3 1JN2
£147K12/200.33 mi13, Buckden Place, Heysham, Morecambe, Lancashire LA3 2DX2
£210K12/200.38 mi12, Hillsea Avenue, Heysham, Morecambe, Lancashire LA3 2BU2
£155K11/220.4 mi9, Meldon Grange, Heysham, Morecambe, Lancashire LA3 2HH2
£135K06/230.43 mi12, Mortimer Grove, Heysham, Morecambe, Lancashire LA3 2HW2
£120K09/210.43 mi1, Grays Place, Heysham, Morecambe, Lancashire LA3 1JS2
£106.5K11/200.43 mi12, Applegarth Road, Heysham, Morecambe, Lancashire LA3 2HN2
£177K02/210.44 mi30, Ridge Grove, Heysham, Morecambe, Lancashire LA3 2JN2
£165.8K05/230.44 mi53, Lordsome Road, Heysham, Morecambe, Lancashire LA3 1JE2
£235K11/200.44 mi9a, St Johns Grove, Heysham, Morecambe, Lancashire LA3 1ET2
£155K12/200.46 mi11, Eldon Grove, Heysham, Morecambe, Lancashire LA3 2JW2
£211K09/220.48 mi6, Haverthwaite Avenue, Heysham, Morecambe, Lancashire LA3 2EL2
£190K05/210.48 mi7, Haverthwaite Avenue, Heysham, Morecambe, Lancashire LA3 2EL2
£116K07/210.5 mi9, Norton Road, Heysham, Morecambe, Lancashire LA3 1HA2
£149.9K04/230.5 mi74, Meldon Road, Heysham, Morecambe, Lancashire LA3 2HJ2
£125K05/210.5 mi10, Eastlands, Heysham, Morecambe, Lancashire LA3 2HT2
£152K07/230.5 mi23, Eastlands, Heysham, Morecambe, Lancashire LA3 2HT2
£152K07/230.5 mi23, Eastlands, Heysham, Morecambe, Lancashire LA3 2HT2
£138.9K08/210.53 mi6, Fieldsend, Heysham, Morecambe, Lancashire LA3 2HU2
£175K09/220.57 mi8, Edgcott Close, Heysham, Morecambe, Lancashire LA3 2HX2
£102K10/210.58 mi20a, St Patricks Walk, Heysham, Morecambe, Lancashire LA3 2PJ2
£151.5K08/210.58 mi42, Dalesview Crescent, Heysham, Morecambe, Lancashire LA3 2JQ2
£129K12/210.61 mi5, Cumberland View Close, Heysham, Morecambe, Lancashire LA3 1HG2
£155K06/230.61 mi12, Cumberland View Close, Heysham, Morecambe, Lancashire LA3 1HG2
£117K04/210.62 mi12, Manor Grove, Heysham, Morecambe, Lancashire LA3 1JA2
£150K06/230.62 mi1, Manor Grove, Heysham, Morecambe, Lancashire LA3 1JA2
£145K05/210.63 mi15, Main Street, Heysham, Morecambe, Lancashire LA3 2RN2
£120K01/210.63 mi19, Crimewell Lane, Heysham, Morecambe, Lancashire LA3 2RH2
£235K09/210.63 miRose Cottage, Manor Courtyard, Main Street, Heysham, Morecambe, Lancashire LA3 2RN2
£250K05/230.63 miManor Cottage, Manor Courtyard, Main Street, Heysham, Morecambe, Lancashire LA3 2RN2
£163K07/230.63 miOld Barn, Main Street, Heysham, Morecambe, Lancashire LA3 2RN2
£90K11/200.65 mi2, Granville Road, Heysham, Morecambe, Lancashire LA3 1EB2
£90K06/210.65 mi18, Harrington Road, Heysham, Morecambe, Lancashire LA3 1EN2
£93K07/230.65 mi14, Harrington Road, Heysham, Morecambe, Lancashire LA3 1EN2
£93K07/230.65 mi14, Harrington Road, Heysham, Morecambe, Lancashire LA3 1EN2
£92K07/210.71 mi27, Byron Road, Heysham, Morecambe, Lancashire LA3 1UH2

Local Rents

15 rents from £525/mo to £1.2K/mo, average is £675/mo.

RentDateDistanceAddressBeds 
£1,19504/250.11 mi-2
£55005/240.17 mi-2
£95007/240.22 miHale Carr Lane, Heysham, Morecambe2
£89506/240.3 miThe Cliffs, Heysham, Morecambe, LA32
£89507/240.3 mi-2
£62804/240.42 mi-2
£67505/240.45 miGilstead Avenue, Heysham, Morecambe, Lancashire2
£70009/240.5 miDalton Road, Heysham, Morecambe, Lancashire2
£62506/240.5 miGFF, Heysham Road, Heysham, Morecambe2
£62507/240.5 miGFF, Heysham Road, Heysham, Morecambe2
£59504/240.55 miHeysham Road, Heysham, Morecambe, LA3 1DJ2
£57508/240.55 miHeysham Road, Morecambe, Lancs, LA32
£52505/240.56 mi164 Heysham Road, Morecambe, Lancs, LA32
£75009/240.58 mi80 Sandylands Promenade, Morecambe, LA32
£80004/240.59 miFellside View, Heysham, Morecambe2

Local Area Statistics

Population in LA3

24,587

Population in Morecambe

50,836

Town centre distance

1.64 miles away

Nearest school

0.10 miles away

Nearest train station

1.47 miles away

 

 

Rental growth (12m)

-2%

Sales demand

Buyer's market

Capital growth (5yrs)

+31%

Property History

Listed for £239,950

November 3, 2023

Floor Plans

Description

  • VIRTUAL VIEWING AVAILABLE. CLICK ON THE VIDEO TOUR ABOVE +
  • Semi-Detached Bungalow Split into Two, One Bedroom Properties +
  • Great Investment For A Landlord Wanting Two Properties Together +
  • Ideal For A Multi Family with A Dependent Relative +
  • Front & Rear Gardens, Driveway Parking +

This semi-detached bungalow has been converted into two one bedroom properties and would make a great investment for a landlord or for a family with a dependent relative. It would also suitable for an on-site investment rental or Air BnB for additional income.

On internal inspection flat one briefly comprises; entrance hallway, bay fronted lounge, stunning fitted kitchen, while stairs take you to a double bedroom with an modern en-suite shower/wet room.

Flat two which is accessed to the rear of the property consists of a kitchen, lounge, bathroom and double bedroom.

Externally the property has a driveway, garage and a good size rear garden.

Viewings are highly recommended to appreciate this superb property on offer.
Freehold information: 7a Council Tax Band A
EPC Rating Number 7 - E
EPC Rating Number 7a - D
Council Tax Information: Band A

Agent Note
In order to be able to purchase a property in the UK all agents have a legal requirement to conduct identity checks on all customers involved in the transaction to fulfil their obligations under anti money laundering regulations. Farrell Heyworth outsource this check to a third party and a charge will apply. Please ask the branch for further details.

Agent Details

Farrell Heyworth, Morecambe

01524 967273

Next Steps?

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