2 Bed Flat, Single Let, Morecambe, LA3 1HQ, £159,950

MARINE COURT Sandylands Promenade, Morecambe, Lancashire, LA3 1HQ - a year ago

Leasehold
BTL
75 m²
+13 photos

ValuationOvervalued

Sold Prices£44K - £250K
Sold Prices/m²£959/m² - £3.1K/m²

 

 

Square Metres

75 m²
Price/m²£2.1K/m²

Value Estimate

£120,294

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£39,988

Stamp Duty & Legal Fees

£5,999

Total Cash In

£45,986

 

 

Cash Out

 

Rent Range

£425 - £899

Rent Estimate

£569

Running Costs/mo

£634

Cashflow/mo

£-65

Cashflow/yr

£-776

Gross Yield

4%

Local Sold Prices

44 sold prices from £44K to £250K, average is £104K. £959/m² to £3.1K/m², average is £1.6K/m².

PriceDateDistanceAddressBeds 
£145K02/230.06 miFlat 33, Marine Court, Sandylands Promenade, Heysham, Morecambe, Lancashire LA3 1HQ2
£120K06/210.27 mi188, Westminster Road, Morecambe, Lancashire LA3 1SN2
£75K03/210.31 mi29, Dalton Road, Heysham, Morecambe, Lancashire LA3 1HD2
£93K07/210.32 mi185, Heysham Road, Heysham, Morecambe, Lancashire LA3 1DF2
£182K10/210.34 miApartment 42, Grosvenor Apartments, Sandylands Promenade, Morecambe, Lancashire LA3 1GW2
£84.5K12/220.38 mi122a, Balmoral Road, Morecambe, Lancashire LA3 1ST2
£50K12/220.39 miFlat 3, Sunacre Court, Maple Avenue, Heysham, Morecambe, Lancashire LA3 1HY2
£58K01/210.39 miFlat 17, Sunacre Court, Maple Avenue, Heysham, Morecambe, Lancashire LA3 1HY2
£77K01/230.41 mi33a, Norton Road, Heysham, Morecambe, Lancashire LA3 1HA2
£97.5K12/200.42 mi243a, Heysham Road, Heysham, Morecambe, Lancashire LA3 1NN2
£120K08/210.43 mi66, Regent Road, Morecambe, Lancashire LA3 1TF2
£70K09/210.51 mi49, Balmoral Road, Morecambe, Lancashire LA4 4JR2
£44K05/210.61 mi33, Hawksworth Grove, Heysham, Morecambe, Lancashire LA3 1LU2
£122K01/210.62 mi8, Westminster Avenue, Morecambe, Lancashire LA4 4DU2
£75.8K06/210.66 mi10a, Westfield Grove, Morecambe, Lancashire LA4 4LQ2
£86K12/200.69 mi8, Balmoral Road, Morecambe, Lancashire LA4 4JN2
£112K03/230.8 mi13, Sandringham Court, Morecambe, Lancashire LA4 4NG2
£127.5K04/230.95 mi25, Essington Avenue, Morecambe, Lancashire LA4 4PA2
£125K08/221 mi57, Rylstone Drive, Heysham, Morecambe, Lancashire LA3 2DY2
£125K08/221.01 mi59, Rylstone Drive, Heysham, Morecambe, Lancashire LA3 2DY2
£95K04/211.11 mi54, Hampsfell Drive, Morecambe, Lancashire LA4 4TU2
£75.5K05/211.11 mi78, Hampsfell Drive, Morecambe, Lancashire LA4 4TU2
£84K07/211.11 mi39, Gaisgill Avenue, Morecambe, Lancashire LA4 4UF2
£65K08/221.14 mi5, Gilstead Avenue, Heysham, Morecambe, Lancashire LA3 2HP2
£93K07/211.16 mi87, Hampsfell Drive, Morecambe, Lancashire LA4 4TP2
£159.9K12/201.17 mi141, Kingsway, Heysham, Morecambe, Lancashire LA3 2EQ2
£87K03/211.2 mi79, Grayrigg Drive, Morecambe, Lancashire LA4 4UL2
£80K02/211.25 mi3, Longlands Avenue, Heysham, Morecambe, Lancashire LA3 2NU2
£80K02/211.25 mi3a, Longlands Avenue, Heysham, Morecambe, Lancashire LA3 2NU2
£125K09/221.28 mi20, Grayrigg Drive, Morecambe, Lancashire LA4 4UJ2
£235K11/211.33 mi9, Bailey Lane, Heysham, Morecambe, Lancashire LA3 2PS2
£185K11/201.48 mi6, Hornby Terrace, Morecambe, Lancashire LA4 5QB2
£113K02/231.58 mi26, Brambling Drive, Heysham, Morecambe, Lancashire LA3 2LH2
£100K02/211.58 mi11, Brambling Drive, Morecambe, Lancashire LA3 2LH2
£125K01/231.62 mi11, Brambling Drive, Heysham, Morecambe, Lancashire LA3 2LH2
£166K07/211.65 mi4, Glen View Drive, Heysham, Morecambe, Lancashire LA3 2QN2
£124K03/231.68 mi212, Lancaster Road, Morecambe, Lancashire LA4 5TL2
£108K11/221.74 mi38, Ennerdale Avenue, Morecambe, Lancashire LA4 5UQ2
£112K09/221.76 mi7, Chaffinch Close, Heysham, Morecambe, Lancashire LA3 2GT2
£100K11/211.85 mi14, Nicholson Crescent, Morecambe, Lancashire LA4 6UE2
£109K10/211.87 mi11, Braemar Court, Morecambe, Lancashire LA4 5YB2
£65K07/211.91 mi26, Stuart Avenue, Morecambe, Lancashire LA4 6EB2
£120K10/221.92 mi2, Braemar Court, Morecambe, Lancashire LA4 5YB2
£250K11/201.99 mi7, Sizergh Road, Morecambe, Lancashire LA4 6TL2

Local Rents

50 rents from £425/mo to £899/mo, average is £687/mo.

RentDateDistanceAddressBeds 
£72504/240.03 mi28 Sandylands Promenade, Morecambe2
£65007/240.05 miHeysham Road, Heysham2
£60011/230.06 mi-2
£65003/250.06 mi-2
£71502/240.06 mi-2
£75002/250.06 mi-2
£67508/240.08 miFlat 3, 20 Sefton Road, Heysham2
£82507/240.12 miBold Street, Morecambe, Lancashire, LA32
£82507/240.12 miBold Street, Morecambe, Lancashire, LA32
£85007/240.12 miBold Street, Morecambe, Lancashire, LA32
£85008/240.12 miBold Street, Morecambe, Lancashire, LA32
£82508/240.12 miBold Street, Morecambe, Lancashire, LA32
£85008/240.12 miBold Street, Morecambe, Lancashire, LA32
£65006/230.12 mi-2
£62507/240.13 miMarine Road West, Morecambe2
£70002/240.18 mi-2
£65002/240.18 mi-2
£75003/250.18 mi-2
£77505/240.21 miHarrington Road, Heysham, LA32
£65007/240.23 miMarine Road, Morecambe, LA32
£65008/240.23 miMarine Road, Morecambe, LA32
£67507/240.24 miMarine Road West, Morecambe, LA32
£75009/240.26 mi80 Sandylands Promenade, Morecambe, LA32
£65007/230.27 mi-2
£52505/240.27 mi164 Heysham Road, Morecambe, Lancs, LA32
£57508/240.27 miHeysham Road, Morecambe, Lancs, LA32
£59504/240.28 miHeysham Road, Heysham, Morecambe, LA3 1DJ2
£70009/240.32 miDalton Road, Heysham, Morecambe, Lancashire2
£65006/240.34 miBalmoral Road, Heysham2
£80003/250.34 mi-2
£66004/240.34 mi-2
£67512/240.34 mi-2
£67504/250.35 mi-2
£42507/230.35 mi-2
£67508/240.38 miRegent Road, Morecambe2
£67509/240.38 miRegent Road, Morecambe2
£57505/240.38 miRegent Road, LA32
£75006/240.38 miBalmoral Road, Morecambe2
£85004/240.39 miClarendon Road, Morecambe2
£67509/240.42 miRegent Road, Morecambe, LA32
£66507/240.42 miRegent Road, Morecambe2
£62510/240.43 mi-2
£69905/240.43 miRegent Road, Morecambe, Lancashire, LA32
£85008/240.43 miRegent Road, Morecambe, Lancashire, LA32
£72507/240.44 miAlbert Road, Morecambe, Lancashire, LA42
£69907/240.44 miAlbert Road, Morecambe, Lancashire, LA42
£72507/240.44 miAlbert Road, Morecambe, Lancashire, LA42
£69907/240.44 miAlbert Road, Morecambe, Lancashire, LA42
£79908/240.44 miAlbert Road, Morecambe, Lancashire, LA42
£89908/240.44 miAlbert Road, Morecambe, Lancashire, LA42

Local Area Statistics

Population in LA3

24,587

Population in Morecambe

50,836

Town centre distance

1.23 miles away

Nearest school

0.30 miles away

Nearest train station

0.85 miles away

 

 

Rental growth (12m)

-2%

Sales demand

Buyer's market

Capital growth (5yrs)

+31%

Property History

Listed for £159,950

February 9, 2024

Sold for £60,000

1997

Sold for £45,500

1995

Floor Plans

Description

  • VIRTUAL VIEWING AVAILABLE. CLICK ON THE VIDEO TOUR ABOVE +
  • Spacious Two Bedroom Penthouse Style Coastal Apartment +
  • Generous Sea Front Lounge and Enclosed Sun Porch +
  • Master Bedroom With En-suite & Well Presented Decor and Carpets +
  • Private Secure Residents Car Park, No Chain +

A fantastic opportunity to purchase this two bedroom, top floor flat.

The property is ready to move into and is situated in a popular residential location in Morecambe on Sandylands Promenade overlooking Morecambe Bay

On internal inspection the property briefly comprises; entrance hallway, inner hallway, spacious lounge, kitchen, bathroom two number bedrooms with en suite to the master and a sun room/balcony.

This flat has the added advantage of a storage loft over the rear of the flat and a spacious vaulted pine ceiling in the lounge area.

Externally the property has allocated parking.

Viewings are highly recommended to appreciate this superb property on offer.
Leasehold information: Terms: 999 years from 1st January 1995
Current Maintenance/Service Charges: £350 per quarter
Council Tax Information: Band C

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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