2 Bed Terraced House, Single Let, Morecambe, LA3 1RX, £110,000

Gardner Road, Heysham, Morecambe, Lancashire, LA3 1RX - 3 views - a year ago

BTL
ROI: 3%
~164 m²
+4 photos

ValuationUndervalued

Sold Prices£86.5K - £235K
Sold Prices/m²£1.3K/m² - £3.5K/m²

 

 

Square Metres

~164.20 m²
Price/m²£670/m²

Value Estimate

£134,200
BMV22%

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£27,500

Stamp Duty & Legal Fees

£4,500

Total Cash In

£32,000

 

 

Cash Out

 

Rent Range

£425 - £1,500

Rent Estimate

£569

Running Costs/mo

£478

Cashflow/mo

£91

Cashflow/yr

£1,097

ROI

3%

Gross Yield

6%

Local Sold Prices

54 sold prices from £86.5K to £235K, average is £133.3K. £1.3K/m² to £3.5K/m², average is £2.1K/m².

PriceDateDistanceAddressBeds 
£86.5K11/200 mi33, Gardner Road, Heysham, Morecambe, Lancashire LA3 1RX2
£92K07/210.08 mi27, Byron Road, Heysham, Morecambe, Lancashire LA3 1UH2
£90K06/210.15 mi18, Harrington Road, Heysham, Morecambe, Lancashire LA3 1EN2
£93K07/230.15 mi14, Harrington Road, Heysham, Morecambe, Lancashire LA3 1EN2
£93K07/230.15 mi14, Harrington Road, Heysham, Morecambe, Lancashire LA3 1EN2
£90K11/200.17 mi2, Granville Road, Heysham, Morecambe, Lancashire LA3 1EB2
£90K12/220.17 mi122b, Balmoral Road, Morecambe, Lancashire LA3 1ST2
£129K12/210.24 mi5, Cumberland View Close, Heysham, Morecambe, Lancashire LA3 1HG2
£155K06/230.24 mi12, Cumberland View Close, Heysham, Morecambe, Lancashire LA3 1HG2
£142K07/230.25 mi11, Brook Road, Morecambe, Lancashire LA3 1AX2
£142K07/230.25 mi11, Brook Road, Morecambe, Lancashire LA3 1AX2
£162K07/210.27 mi13, Scott Road, Morecambe, Lancashire LA3 1AL2
£117K04/210.32 mi12, Manor Grove, Heysham, Morecambe, Lancashire LA3 1JA2
£150K06/230.32 mi1, Manor Grove, Heysham, Morecambe, Lancashire LA3 1JA2
£235K11/200.34 mi9a, St Johns Grove, Heysham, Morecambe, Lancashire LA3 1ET2
£116K07/210.36 mi9, Norton Road, Heysham, Morecambe, Lancashire LA3 1HA2
£120K09/210.36 mi1, Grays Place, Heysham, Morecambe, Lancashire LA3 1JS2
£165.8K05/230.36 mi53, Lordsome Road, Heysham, Morecambe, Lancashire LA3 1JE2
£155K03/230.38 mi68, Osborne Road, Heysham, Morecambe, Lancashire LA3 1AA2
£128K06/210.43 mi11, Windsor Avenue, Morecambe, Lancashire LA4 4LR2
£169.9K12/220.52 mi92, Acre Moss Lane, Morecambe, Lancashire LA4 4ND2
£100K09/210.56 mi21, Osborne Grove, Morecambe, Lancashire LA4 4PL2
£173K02/230.57 mi25, Levens Drive, Heysham, Morecambe, Lancashire LA3 1JN2
£175K04/210.58 mi8, Bertram Avenue, Morecambe, Lancashire LA4 4PW2
£120K01/230.58 mi15, Willacy Parade, Heysham, Morecambe, Lancashire LA3 1LT2
£168K12/220.61 mi29, Osborne Grove, Morecambe, Lancashire LA4 4PN2
£169.9K08/210.61 mi20, Oxcliffe Avenue, Heysham, Morecambe, Lancashire LA3 1PT2
£129.9K04/210.62 mi4, Harrison Crescent, Heysham, Morecambe, Lancashire LA3 1PX2
£132K02/210.62 mi45, Levens Drive, Heysham, Morecambe, Lancashire LA3 1JN2
£181K05/230.62 mi22, Kenwood Avenue, Morecambe, Lancashire LA4 4PB2
£108K06/210.64 mi20, Highgrove Close, Morecambe, Lancashire LA4 4NF2
£115K06/230.64 mi18, Highgrove Close, Morecambe, Lancashire LA4 4NF2
£185K12/220.65 mi90, Oxcliffe Road, Heysham, Morecambe, Lancashire LA3 1LX2
£134.5K03/210.66 mi76, Oxcliffe Road, Heysham, Morecambe, Lancashire LA3 1LX2
£160K04/210.66 mi72, Oxcliffe Road, Heysham, Morecambe, Lancashire LA3 1LX2
£120K12/200.71 mi31, Bleasdale Grove, Heysham, Morecambe, Lancashire LA3 2EX2
£118K11/200.76 mi2, Crofters Fold, Heysham, Morecambe, Lancashire LA3 2AH2
£195K12/200.78 mi311, Heysham Road, Heysham, Morecambe, Lancashire LA3 2BA2
£159K04/230.78 mi62, Carleton Street, Morecambe, Lancashire LA4 4NY2
£145K02/230.78 mi18, Carleton Street, Morecambe, Lancashire LA4 4NY2
£117K04/210.79 mi299, Heysham Road, Heysham, Morecambe, Lancashire LA3 2BA2
£139.9K03/210.79 mi8, Ashcroft, Heysham, Morecambe, Lancashire LA3 2AP2
£139.9K03/210.79 mi8, Ashcroft, Heysham, Morecambe, Lancashire LA3 2AP2
£139.9K03/210.79 mi8, Ashcroft, Heysham, Morecambe, Lancashire LA3 2AP2
£115K12/200.82 mi120, Schola Green Lane, Morecambe, Lancashire LA4 4PX2
£122K10/220.82 mi130, Schola Green Lane, Morecambe, Lancashire LA4 4PX2
£162.5K07/230.9 mi45, Hampsfell Drive, Morecambe, Lancashire LA4 4TU2
£121K04/210.91 mi19, Campion Way, Morecambe, Lancashire LA3 3QE2
£125K02/230.91 mi31, Campion Way, Morecambe, Lancashire LA3 3QE2
£125K05/230.91 mi7, Campion Way, Morecambe, Lancashire LA3 3QE2
£160K02/210.93 mi29, Rylstone Drive, Heysham, Morecambe, Lancashire LA3 2DY2
£155K07/210.93 mi74, Rylstone Drive, Heysham, Morecambe, Lancashire LA3 2DY2
£186K08/230.93 mi33, Rylstone Drive, Heysham, Morecambe, Lancashire LA3 2DY2
£104K06/210.94 mi10, Tunstall Street, Morecambe, Lancashire LA4 5DX2

Local Rents

50 rents from £425/mo to £1.5K/mo, average is £699/mo.

RentDateDistanceAddressBeds 
£65007/230.06 mi-2
£82507/240.09 miBold Street, Morecambe, Lancashire, LA32
£82507/240.09 miBold Street, Morecambe, Lancashire, LA32
£85007/240.09 miBold Street, Morecambe, Lancashire, LA32
£85008/240.09 miBold Street, Morecambe, Lancashire, LA32
£82508/240.09 miBold Street, Morecambe, Lancashire, LA32
£85008/240.09 miBold Street, Morecambe, Lancashire, LA32
£62507/240.12 miMarine Road West, Morecambe2
£67508/240.13 miFlat 3, 20 Sefton Road, Heysham2
£65006/230.13 mi-2
£65007/240.13 miMarine Road, Morecambe, LA32
£65008/240.13 miMarine Road, Morecambe, LA32
£67507/240.14 miMarine Road West, Morecambe, LA32
£65006/240.14 miBalmoral Road, Heysham2
£42507/230.14 mi-2
£77505/240.15 miHarrington Road, Heysham, LA32
£65007/240.16 miHeysham Road, Heysham2
£65003/250.16 mi-2
£71502/240.16 mi-2
£75002/250.16 mi-2
£60011/230.16 mi-2
£75006/240.17 miBalmoral Road, Morecambe2
£72504/240.18 mi28 Sandylands Promenade, Morecambe2
£66004/240.2 mi-2
£67512/240.2 mi-2
£67504/250.2 mi-2
£67508/240.22 miRegent Road, Morecambe2
£67509/240.22 miRegent Road, Morecambe2
£57505/240.22 miRegent Road, LA32
£80003/250.23 mi-2
£67509/240.23 miRegent Road, Morecambe, LA32
£66507/240.23 miRegent Road, Morecambe2
£85004/240.23 miClarendon Road, Morecambe2
£69905/240.25 miRegent Road, Morecambe, Lancashire, LA32
£85008/240.25 miRegent Road, Morecambe, Lancashire, LA32
£72507/240.27 miAlbert Road, Morecambe, Lancashire, LA42
£69907/240.27 miAlbert Road, Morecambe, Lancashire, LA42
£72507/240.27 miAlbert Road, Morecambe, Lancashire, LA42
£69907/240.27 miAlbert Road, Morecambe, Lancashire, LA42
£79908/240.27 miAlbert Road, Morecambe, Lancashire, LA42
£89908/240.27 miAlbert Road, Morecambe, Lancashire, LA42
£89908/240.27 miAlbert Road, Morecambe, Lancashire, LA42
£62510/240.28 mi-2
£69905/240.29 miAlbert Road, Morecambe, Lancashire, LA42
£70002/240.29 mi-2
£65002/240.29 mi-2
£75003/250.29 mi-2
£69905/240.31 miWest End2
£69905/240.31 miWest End, Morecambe, LA42
£1,50012/230.34 mi-2

Local Area Statistics

Population in LA3

24,587

Population in Morecambe

50,836

Town centre distance

1.05 miles away

Nearest school

0.10 miles away

Nearest train station

0.73 miles away

 

 

Rental growth (12m)

-2%

Sales demand

Buyer's market

Capital growth (5yrs)

+31%

Property History

Listed for £110,000

November 28, 2023

Floor Plans

Description

  • Close Proximity To Morecambe Centre +
  • Great Size Living Room, +
  • Dining Area and Kitchen +
  • Ideal First Home or Investment Property +
  • On Street Parking +
  • No Chain Delay! +

Perfect for a wide variety of buyers including first time buyers or investors looking to add to their portfolio, this two-bedroom mid terrace property in lower Heysham is chain free and is ideal for anybody looking for a home to put their own stamp on!

The property benefits from double glazing, gas central heating and briefly comprises of a spacious and attractive living room with bay window, separate dining room and kitchen with access to the private rear yard on the ground floor. The first floor offers a double bedroom and a good-sized single bedroom as well as a very generous three-piece shower room.

Externally, there is on unrestricted on street parking and to the rear is the enclosed low maintenance yard.

Situated moments from the stunning Morecambe Bay promenade, the property also lies a short distance away from a variety of local amenities including doctors’ surgery, well regarded primary & secondary schools, multiple village shops, café's, restaurants and a handy supermarket. The sea side community is also well located for commuters with the Lake District National Park on its’ doorstep, the “Bay Gateway” link road allowing for quick access to the M6 motorway, as well as nearby Lancaster City Centre and its West Coast mainline railway station.

Tenure: Freehold
Council Tax Band: A
EPC Rating: D

Agent Details

Entwistle Green, Morecambe

01524 967563

Next Steps?

This deal was sourced from Rightmove. Contact the landlord/agent for a viewing now 💪