2 Bed Bungalow, Refurb/BRRR, Morecambe, LA3 1AA, £125,000





ValuationFair Value
Sold Prices | £86.5K - £235K |
Sold Prices/m² | £1.3K/m² - £3.5K/m² |
| |
Square Metres | ~81.94 m² |
Price/m² | £1.5K/m² |
Value Estimate | £127,500£127,500 |
| |
End Value (After Refurb) | £129,555£129,555 |
Uplift in Value | +4%+4% |
Investment Opportunity
Cash In | |
Purchase Finance | Bridging LoanBridging Loan |
Deposit (25%) | £31,250£31,250 |
Stamp Duty & Legal Fees | £7,450£7,450 |
Refurb Costs | £33,128£33,128 |
Bridging Loan Interest | £3,281£3,281 |
Total Cash In | £76,860£76,860 |
| |
Cash Out | |
Monetisation | FlipRefinance & RentRefinance & Rent |
Revaluation | £129,555£129,555 |
Mortgage (After Refinance) | £97,166£97,166 |
Mortgage LTV | 75%75% |
Cash Released | £3,416£3,416 |
Cash Left In | £73,444£73,444 |
Equity | £32,389£32,389 |
Rent Range | £425 - £1,800£425 - £1,800 |
Rent Estimate | £760 |
Running Costs/mo | £577£577 |
Cashflow/mo | £183£183 |
Cashflow/yr | £2,198£2,198 |
ROI | 3%3% |
Gross Yield | 7%7% |
Local Sold Prices
52 sold prices from £86.5K to £235K, average is £123.5K. £1.3K/m² to £3.5K/m², average is £2.1K/m².
Price | Date | Distance | Address | Price/m² | m² | Beds | Type | |
£155K | 03/23 | 0 mi | 68, Osborne Road, Heysham, Morecambe, Lancashire LA3 1AA | - | - | 2 | Semi-Detached House | |
£162K | 07/21 | 0.11 mi | 13, Scott Road, Morecambe, Lancashire LA3 1AL | - | - | 2 | Semi-Detached House | |
£142K | 07/23 | 0.14 mi | 11, Brook Road, Morecambe, Lancashire LA3 1AX | £2,731 | 52 | 2 | Semi-Detached House | |
£142K | 07/23 | 0.14 mi | 11, Brook Road, Morecambe, Lancashire LA3 1AX | £2,731 | 52 | 2 | Semi-Detached House | |
£128K | 06/21 | 0.15 mi | 11, Windsor Avenue, Morecambe, Lancashire LA4 4LR | - | - | 2 | Semi-Detached House | |
£90K | 12/22 | 0.2 mi | 122b, Balmoral Road, Morecambe, Lancashire LA3 1ST | £1,607 | 56 | 2 | Terraced House | |
£169.9K | 12/22 | 0.24 mi | 92, Acre Moss Lane, Morecambe, Lancashire LA4 4ND | £2,537 | 67 | 2 | Semi-Detached House | |
£100K | 09/21 | 0.25 mi | 21, Osborne Grove, Morecambe, Lancashire LA4 4PL | £1,493 | 67 | 2 | Semi-Detached House | |
£168K | 12/22 | 0.27 mi | 29, Osborne Grove, Morecambe, Lancashire LA4 4PN | £1,909 | 88 | 2 | Semi-Detached House | |
£117K | 04/21 | 0.27 mi | 12, Manor Grove, Heysham, Morecambe, Lancashire LA3 1JA | £2,089 | 56 | 2 | Semi-Detached House | |
£150K | 06/23 | 0.27 mi | 1, Manor Grove, Heysham, Morecambe, Lancashire LA3 1JA | £2,708 | 55 | 2 | Semi-Detached House | |
£175K | 04/21 | 0.28 mi | 8, Bertram Avenue, Morecambe, Lancashire LA4 4PW | £3,104 | 56 | 2 | Semi-Detached House | |
£86.5K | 11/20 | 0.38 mi | 33, Gardner Road, Heysham, Morecambe, Lancashire LA3 1RX | £1,310 | 66 | 2 | Terraced House | |
£181K | 05/23 | 0.39 mi | 22, Kenwood Avenue, Morecambe, Lancashire LA4 4PB | - | - | 2 | Semi-Detached House | |
£92K | 07/21 | 0.42 mi | 27, Byron Road, Heysham, Morecambe, Lancashire LA3 1UH | - | - | 2 | Terraced House | |
£108K | 06/21 | 0.43 mi | 20, Highgrove Close, Morecambe, Lancashire LA4 4NF | £2,348 | 46 | 2 | Terraced House | |
£115K | 06/23 | 0.43 mi | 18, Highgrove Close, Morecambe, Lancashire LA4 4NF | £2,080 | 55 | 2 | Terraced House | |
£90K | 06/21 | 0.46 mi | 18, Harrington Road, Heysham, Morecambe, Lancashire LA3 1EN | £1,324 | 68 | 2 | Terraced House | |
£93K | 07/23 | 0.46 mi | 14, Harrington Road, Heysham, Morecambe, Lancashire LA3 1EN | £1,388 | 67 | 2 | Terraced House | |
£93K | 07/23 | 0.46 mi | 14, Harrington Road, Heysham, Morecambe, Lancashire LA3 1EN | £1,388 | 67 | 2 | Terraced House | |
£165.8K | 05/23 | 0.47 mi | 53, Lordsome Road, Heysham, Morecambe, Lancashire LA3 1JE | £1,709 | 97 | 2 | Semi-Detached House | |
£90K | 11/20 | 0.5 mi | 2, Granville Road, Heysham, Morecambe, Lancashire LA3 1EB | £1,286 | 70 | 2 | Terraced House | |
£115K | 12/20 | 0.53 mi | 120, Schola Green Lane, Morecambe, Lancashire LA4 4PX | £1,825 | 63 | 2 | Terraced House | |
£122K | 10/22 | 0.53 mi | 130, Schola Green Lane, Morecambe, Lancashire LA4 4PX | £1,968 | 62 | 2 | Terraced House | |
£121K | 04/21 | 0.53 mi | 19, Campion Way, Morecambe, Lancashire LA3 3QE | £2,123 | 57 | 2 | Terraced House | |
£125K | 02/23 | 0.53 mi | 31, Campion Way, Morecambe, Lancashire LA3 3QE | £2,512 | 50 | 2 | Terraced House | |
£125K | 05/23 | 0.53 mi | 7, Campion Way, Morecambe, Lancashire LA3 3QE | £2,523 | 50 | 2 | Terraced House | |
£120K | 09/21 | 0.54 mi | 1, Grays Place, Heysham, Morecambe, Lancashire LA3 1JS | £1,667 | 72 | 2 | Semi-Detached House | |
£235K | 11/20 | 0.54 mi | 9a, St Johns Grove, Heysham, Morecambe, Lancashire LA3 1ET | £3,507 | 67 | 2 | Semi-Detached House | |
£159K | 04/23 | 0.55 mi | 62, Carleton Street, Morecambe, Lancashire LA4 4NY | £2,149 | 74 | 2 | Semi-Detached House | |
£145K | 02/23 | 0.55 mi | 18, Carleton Street, Morecambe, Lancashire LA4 4NY | £1,883 | 77 | 2 | Terraced House | |
£162.5K | 07/23 | 0.55 mi | 45, Hampsfell Drive, Morecambe, Lancashire LA4 4TU | £2,955 | 55 | 2 | Semi-Detached House | |
£129K | 12/21 | 0.57 mi | 5, Cumberland View Close, Heysham, Morecambe, Lancashire LA3 1HG | £2,142 | 60 | 2 | Terraced House | |
£155K | 06/23 | 0.57 mi | 12, Cumberland View Close, Heysham, Morecambe, Lancashire LA3 1HG | £2,505 | 62 | 2 | Terraced House | |
£105K | 12/20 | 0.58 mi | 8, Teasel Walk, Morecambe, Lancashire LA3 3QQ | £2,100 | 50 | 2 | Semi-Detached House | |
£105K | 04/21 | 0.58 mi | 2, Teasel Walk, Morecambe, Lancashire LA3 3QQ | £2,100 | 50 | 2 | Semi-Detached House | |
£125K | 05/23 | 0.58 mi | 6, Teasel Walk, Morecambe, Lancashire LA3 3QQ | £2,451 | 51 | 2 | Terraced House | |
£176K | 11/22 | 0.58 mi | 112, Westgate, Morecambe, Lancashire LA3 3DG | - | - | 2 | Semi-Detached House | |
£108K | 11/21 | 0.59 mi | 5, Yarrow Walk, Morecambe, Lancashire LA3 3QG | £1,846 | 59 | 2 | Terraced House | |
£110K | 12/20 | 0.59 mi | 1, Lambrigg Close, Morecambe, Lancashire LA4 4UE | £1,891 | 58 | 2 | Semi-Detached House | |
£173K | 02/23 | 0.59 mi | 25, Levens Drive, Heysham, Morecambe, Lancashire LA3 1JN | - | - | 2 | Semi-Detached House | |
£96K | 02/21 | 0.61 mi | 7, Burdock Walk, Morecambe, Lancashire LA3 3QJ | £1,920 | 50 | 2 | Terraced House | |
£90K | 07/21 | 0.61 mi | 22, Burdock Walk, Morecambe, Lancashire LA3 3QJ | £1,863 | 48 | 2 | Terraced House | |
£110K | 12/20 | 0.62 mi | 4, Bryony Court, Morecambe, Lancashire LA3 3QL | £2,170 | 51 | 2 | Terraced House | |
£136K | 04/21 | 0.63 mi | 11, Hampsfell Drive, Morecambe, Lancashire LA4 4TT | - | - | 2 | Semi-Detached House | |
£116K | 07/21 | 0.64 mi | 9, Norton Road, Heysham, Morecambe, Lancashire LA3 1HA | £1,468 | 79 | 2 | Terraced House | |
£115.5K | 12/20 | 0.65 mi | 15, Reedmace Walk, Morecambe, Lancashire LA3 3QW | - | - | 2 | Terraced House | |
£106.5K | 12/22 | 0.65 mi | 18, Reedmace Walk, Morecambe, Lancashire LA3 3QW | £2,181 | 49 | 2 | Terraced House | |
£100K | 06/21 | 0.65 mi | 14, Sedge Court, Morecambe, Lancashire LA3 3QN | £2,000 | 50 | 2 | Semi-Detached House | |
£135K | 11/22 | 0.65 mi | 10, Reedmace Walk, Morecambe, Lancashire LA3 3QW | £2,744 | 49 | 2 | Terraced House | |
£125K | 10/22 | 0.65 mi | 8, Reedmace Walk, Morecambe, Lancashire LA3 3QW | £2,551 | 49 | 2 | Terraced House | |
£137K | 10/21 | 0.66 mi | 6, Hampsfell Drive, Morecambe, Lancashire LA4 4TT | £2,404 | 57 | 2 | Semi-Detached House |
Local Rents
50 rents from £425/mo to £1.8K/mo, average is £699/mo.
Rent | Date | Distance | Address | Beds | Type | |
£750 | 06/24 | 0.2 mi | Balmoral Road, Morecambe | 2 | Flat | |
£699 | 05/24 | 0.22 mi | Regent Road, Morecambe, Lancashire, LA3 | 2 | Flat | |
£850 | 08/24 | 0.22 mi | Regent Road, Morecambe, Lancashire, LA3 | 2 | Flat | |
£675 | 09/24 | 0.22 mi | Regent Road, Morecambe, LA3 | 2 | Flat | |
£665 | 07/24 | 0.22 mi | Regent Road, Morecambe | 2 | Flat | |
£699 | 05/24 | 0.22 mi | West End | 2 | Flat | |
£699 | 05/24 | 0.22 mi | West End, Morecambe, LA4 | 2 | Flat | |
£425 | 07/23 | 0.25 mi | - | 2 | Flat | |
£725 | 07/24 | 0.27 mi | Albert Road, Morecambe, Lancashire, LA4 | 2 | Flat | |
£699 | 07/24 | 0.27 mi | Albert Road, Morecambe, Lancashire, LA4 | 2 | Flat | |
£725 | 07/24 | 0.27 mi | Albert Road, Morecambe, Lancashire, LA4 | 2 | Flat | |
£699 | 07/24 | 0.27 mi | Albert Road, Morecambe, Lancashire, LA4 | 2 | Flat | |
£799 | 08/24 | 0.27 mi | Albert Road, Morecambe, Lancashire, LA4 | 2 | Flat | |
£899 | 08/24 | 0.27 mi | Albert Road, Morecambe, Lancashire, LA4 | 2 | Flat | |
£899 | 08/24 | 0.27 mi | Albert Road, Morecambe, Lancashire, LA4 | 2 | Flat | |
£699 | 05/24 | 0.27 mi | Albert Road, Morecambe, Lancashire, LA4 | 2 | Flat | |
£650 | 06/24 | 0.28 mi | Balmoral Road, Heysham | 2 | House | |
£575 | 05/24 | 0.3 mi | Regent Road, LA3 | 2 | Flat | |
£675 | 08/24 | 0.31 mi | Regent Road, Morecambe | 2 | Flat | |
£675 | 09/24 | 0.31 mi | Regent Road, Morecambe | 2 | Flat | |
£625 | 10/24 | 0.32 mi | - | 2 | Flat | |
£850 | 04/24 | 0.32 mi | Clarendon Road, Morecambe | 2 | Flat | |
£650 | 07/23 | 0.33 mi | - | 2 | Terraced House | |
£660 | 04/24 | 0.34 mi | - | 2 | Flat | |
£675 | 01/25 | 0.34 mi | - | 2 | Flat | |
£675 | 03/25 | 0.34 mi | - | 2 | Flat | |
£650 | 05/24 | 0.38 mi | West End Road, Morecambe | 2 | Flat | |
£1,800 | 11/24 | 0.38 mi | - | 2 | Flat | |
£1,800 | 11/24 | 0.38 mi | - | 2 | Flat | |
£850 | 02/25 | 0.38 mi | - | 2 | House | |
£800 | 03/25 | 0.39 mi | - | 2 | Flat | |
£1,500 | 12/23 | 0.4 mi | - | 2 | Flat | |
£695 | 08/24 | 0.41 mi | West End Road, Morecambe | 2 | Flat | |
£675 | 07/24 | 0.41 mi | Marine Road West, Morecambe, LA3 | 2 | Flat | |
£650 | 07/24 | 0.41 mi | Marine Road, Morecambe, LA3 | 2 | Flat | |
£650 | 08/24 | 0.41 mi | Marine Road, Morecambe, LA3 | 2 | Flat | |
£775 | 05/24 | 0.46 mi | Harrington Road, Heysham, LA3 | 2 | Terraced House | |
£650 | 05/24 | 0.46 mi | Hutton Grove, Morecambe, LA4 | 2 | Flat | |
£825 | 07/24 | 0.47 mi | Bold Street, Morecambe, Lancashire, LA3 | 2 | Flat | |
£825 | 07/24 | 0.47 mi | Bold Street, Morecambe, Lancashire, LA3 | 2 | Flat | |
£850 | 07/24 | 0.47 mi | Bold Street, Morecambe, Lancashire, LA3 | 2 | Flat | |
£850 | 08/24 | 0.47 mi | Bold Street, Morecambe, Lancashire, LA3 | 2 | Flat | |
£850 | 08/24 | 0.47 mi | Bold Street, Morecambe, Lancashire, LA3 | 2 | Flat | |
£825 | 08/24 | 0.47 mi | Bold Street, Morecambe, Lancashire, LA3 | 2 | Flat | |
£750 | 02/25 | 0.47 mi | - | 2 | Terraced House | |
£625 | 07/24 | 0.48 mi | Marine Road West, Morecambe | 2 | Flat | |
£850 | 02/25 | 0.49 mi | - | 2 | House | |
£650 | 06/23 | 0.49 mi | - | 2 | Flat | |
£675 | 08/24 | 0.51 mi | Flat 3, 20 Sefton Road, Heysham | 2 | Flat | |
£695 | 05/24 | 0.52 mi | West End Road, Morecambe | 2 | Flat |
Local Area Statistics
Population in LA3 | 24,58724,587 |
Population in Morecambe | 50,83650,836 |
Town centre distance | 0.76 miles away0.76 miles away |
Nearest school | 0.20 miles away0.20 miles away |
Nearest train station | 0.62 miles away0.62 miles away |
| |
Rental growth (12m) | -2%-2% |
Sales demand | Buyer's marketBuyer's market |
Capital growth (5yrs) | +31%+31% |
Property History
Price changed to £125,000
March 12, 2025
Price changed to £150,000
December 24, 2024
Listed for £155,000
March 7, 2024
Floor Plans

Description
- Being Sold By GOTO Online Auction +
- Buyer's Fees Apply +
- Buy-It-Now Available +
- An Extended Two Bedroom Semi Detached Bungalow +
- In Need Of Some Modernisation +
- Sought After Location, Close To Local Amenities +
- Local Transport Links Also Nearby +
- Ideal Property For Anyone Downsizing +
The Property
A fabulous opportunity to purchase this semi-detached bungalow, located close to the Regent park area, near to schools, road and bus routes.
The accommodation comprises: a welcoming entrance hallway. The bay fronted lounge is spacious, light and well-presented and has a feature coal effect gas fire set into a decorative surround. The family bathroom has a three piece suite. There are two fair size bedrooms. The kitchen is extended and features a dining area towards the rear.
Benefits include double glazing, gas central heating and no upward chain.
Externally the rear garden is low maintenance with a detached single garage and a good sized driveway to the front.
Material Information.
The information above has Material information:
been provided by the vendor, agent and GOTO Group and may not be accurate. Please refer to the property’s Legal Pack. (You can download this once you have registered your interest against the property). This pack provides material information which will help you make an informed decision before proceeding. It may not yet include everything you need to know so please make sure you do your own due diligence as well.
Property Description
Being Sold by GOTO Online Auction
Starting Bids from £125,000
Buy it now option available
Please call or visit Purplebricks Online Auctions for more information.
This property is for sale by Online Auction. The Online Modern Method of Auction is a flexible buyer friendly method of purchase. The purchaser will have 56 working days to exchange and complete once the draft contract has been received by the buyer’s solicitor or 10 working days after receipt of the buyer’s premium, whichever is earlier Allowing the additional time to exchange and complete on the property means interested parties can proceed with traditional residential finance. Upon close of a successful auction or if the vendor accepts an offer during the auction, the buyer with be required to put down a non-refundable reservation fee called a Buyer’s Premium. This secures the transaction and takes the property off the market. The buyer will be required to agree to our terms and conditions prior to solicitors being instructed. Copies of the Reservation form and all terms and conditions can be found on the online Auction website or requested from our Auction Department.
10% in excess Please note this property is subject to an undisclosed Reserve Price which is typically no more than of the Starting Bid. Both the Starting Bid and Reserve Price can be subject to change. Our primary duty of care is to the vendor. Terms and conditions apply to the Modern Method of Auction, which is operated by GOTO Auctions.
To book a viewing visit Purplebricks.
Specification
Auctioneer's Comments
This property is for sale by Online Auction which is a flexible and buyer friendly method of purchase. The purchaser will not be exchanging contracts on the fall of the virtual hammer but will be given 56 working days in which to complete the transaction, from the date the Draft Contract is issued by the seller’s solicitor. By giving a buyer time to exchange contracts on the property, means normal residential finance can be arranged.
The Buyer’s Premium secures the transaction and takes the property off the market. Fees paid to the Auctioneer reserve the property to the buyer during the Reservation Period and are paid in addition to the purchase price and are considered within calculations for Stamp Duty Land Tax. Further clarification on this must be sought from your legal representative. The buyer will be required to sign a Reservation form to confirm acceptance of terms prior to solicitors being instructed. Copies of the Reservation form and all terms and conditions can be found in the Legal Pack which can be downloaded for free from our website or requested from our Auction Department.
Buyer Fees
Upon close of a successful auction or if the vendor accepts an offer during the auction, the buyer will be required to make payment of a non-refundable Buyer’s Premium of 3.6% of the purchase price including VAT (this is subject to a minimum amount of £6,600 including VAT) and a Legal Pack fee of £396.00 including VAT. This secures the transaction and takes the property off the market.
Stamp Duty Land Tax (SDLT) is applicable if you buy a property or land over a certain price in England, Wales or Northern Ireland.
Property Description Disclaimer
This is a general description of the property only, and is not intended to constitute part of an offer or contract. It has been verified by the seller(s), unless marked as 'draft'. Purplebricks conducts some valuations online and some of our customers prepare their own property descriptions, so if you decide to proceed with a viewing or an offer, please note this information may have been provided solely by the vendor, and we may not have been able to visit the property to confirm it. If you require clarification on any point then please contact us, especially if you’re traveling some distance to view. All information should be checked by your solicitor prior to exchange of contracts. Successful buyers will be required to complete anti-money laundering checks. Our partner, Lifetime Legal Limited, will carry out the initial checks on our behalf. The current non-refundable cost is £80 inc. VAT per offer. You’ll need to pay this to Lifetime Legal and complete all checks before we can issue a memorandum of sale. The cost includes obtaining relevant data and any manual checks and monitoring which might be required, and includes a range of benefits. Purplebricks will receive some of the fee taken by Lifetime Legal to compensate for its role in providing these checks.
Similar Properties
Like this property? Maybe you'll like these ones close by too.
3 Bed House, Refurb/BRRR, Morecambe, LA4 4LJ
£130,000
2 views • 2 months ago • 93 m²
7 Bed House, Refurb/BRRR, Morecambe, LA4 4HZ
£120,000
78 views • 6 months ago • 217 m²
4 Bed House, Refurb/BRRR, Morecambe, LA4 4HZ
£120,000
4 views • 2 months ago • 129 m²
5 Bed House, Refurb/BRRR, Morecambe, LA3 1SH
£130,000
13 views • 9 months ago • 142 m²