2 Bed Bungalow, Planning Permission, Morecambe, LA4 6DE, £275,000

Bare Lane, Morecambe, LA4 6DE - a year ago

Planning
~68 m²
+8 photos

ValuationOvervalued

Sold Prices£125K - £400K
Sold Prices/m²£1.8K/m² - £4.8K/m²

 

 

Square Metres

~68.11 m²
Price/m²£4K/m²

Value Estimate

£197,403

Investment Opportunity

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£68,750

Stamp Duty & Legal Fees

£10,700

Total Cash In

£79,450

 

 

Cash Out

 

Rent Range

£700 - £1,250

Rent Estimate

£725

Running Costs/mo

£1,024

Cashflow/mo

£-299

Cashflow/yr

£-3,592

Gross Yield

3%

Local Sold Prices

50 sold prices from £125K to £400K, average is £199K. £1.8K/m² to £4.8K/m², average is £2.9K/m².

PriceDateDistanceAddressBeds 
£222K08/210.05 mi29, Bare Lane, Morecambe, Lancashire LA4 6DE2
£125K01/230.07 mi12, Palmer Grove, Morecambe, Lancashire LA4 6BQ2
£350K06/230.09 mi42, Mayfield Drive, Morecambe, Lancashire LA4 6EP2
£240K06/230.1 mi18, Ellis Drive, Morecambe, Lancashire LA4 6DN2
£186K11/200.1 mi18, Ellis Drive, Morecambe, Lancashire LA4 6DN2
£192K11/200.11 mi16, Oak Avenue, Morecambe, Lancashire LA4 6HR2
£270K05/230.12 mi18, Queens Drive, Morecambe, Lancashire LA4 6LN2
£186.1K10/210.12 mi39, Hest Bank Road, Morecambe, Lancashire LA4 6HQ2
£299.5K06/210.13 miThe Lodge, 31, Elms Road, Morecambe, Lancashire LA4 6DD2
£372.4K12/220.15 mi19, Queens Drive, Morecambe, Lancashire LA4 6LN2
£180K01/210.16 mi41, Hest Bank Road, Morecambe, Lancashire LA4 6HQ2
£168K04/210.17 mi2, Mount Gardens, Morecambe, Lancashire LA4 6AS2
£170K11/220.18 mi7, Willow Grove, Morecambe, Lancashire LA4 6JJ2
£234.9K12/220.2 mi86, South Road, Morecambe, Lancashire LA4 6JS2
£174K11/200.21 mi16, Pinewood Avenue, Morecambe, Lancashire LA4 6HW2
£172K01/210.21 mi22, Oak Avenue, Morecambe, Lancashire LA4 6HS2
£165K11/200.21 mi18, Oak Avenue, Morecambe, Lancashire LA4 6HS2
£210K02/230.22 mi3, Fairhope Avenue, Morecambe, Lancashire LA4 6LB2
£225K02/230.22 mi26, Fairhope Avenue, Morecambe, Lancashire LA4 6JZ2
£195K11/210.22 mi7, St Celias Way, Morecambe, Lancashire LA4 6SP2
£175K05/230.22 mi32, Grasmere Road, Morecambe, Lancashire LA4 6EN2
£199.9K03/210.22 mi20, Grasmere Road, Morecambe, Lancashire LA4 6EN2
£239.8K08/230.22 mi36, Grasmere Road, Morecambe, Lancashire LA4 6EN2
£179.9K11/200.22 mi29, St Margarets Road, Morecambe, Lancashire LA4 6EF2
£155K11/200.23 mi8, Victor Avenue, Morecambe, Lancashire LA4 6JX2
£200K12/220.24 mi13, Chestnut Drive, Morecambe, Lancashire LA4 6HN2
£145K12/200.24 mi84, South Road, Morecambe, Lancashire LA4 6JR2
£225K11/210.27 mi30, Chestnut Drive, Morecambe, Lancashire LA4 6HZ2
£179.9K03/210.27 mi38, Chestnut Drive, Morecambe, Lancashire LA4 6HZ2
£193K02/230.27 mi60, Fairhope Avenue, Morecambe, Lancashire LA4 6JZ2
£190K07/230.28 mi60, Beaufort Road, Morecambe, Lancashire LA4 6UA2
£215K03/230.29 mi41, Foxholes Road, Morecambe, Lancashire LA4 6EL2
£190K05/210.3 mi22, Colwyn Avenue, Morecambe, Lancashire LA4 6EQ2
£185K04/230.3 mi111, Beaufort Road, Morecambe, Lancashire LA4 6UB2
£188K07/230.3 mi54, Oak Avenue, Morecambe, Lancashire LA4 6HY2
£215K12/200.3 mi62, Oak Avenue, Morecambe, Lancashire LA4 6HY2
£198K02/210.3 mi70, Oak Avenue, Morecambe, Lancashire LA4 6HY2
£213.6K03/230.31 mi118, Low Lane, Morecambe, Lancashire LA4 6PS2
£240K03/220.32 mi27, St Christophers Way, Morecambe, Lancashire LA4 6EE2
£245K02/220.32 mi72, Oak Avenue, Morecambe, Lancashire LA4 6HY2
£215K05/230.33 mi86, Fairhope Avenue, Morecambe, Lancashire LA4 6LA2
£250K06/230.33 mi7, St Annes Avenue, Morecambe, Lancashire LA4 6RE2
£220K04/230.33 mi15, St Annes Avenue, Morecambe, Lancashire LA4 6RE2
£312K05/230.33 mi15, Wakefield Avenue, Morecambe, Lancashire LA4 6DY2
£164K12/200.33 mi7, Marton Drive, Morecambe, Lancashire LA4 6RB2
£162.5K03/210.33 mi13, Marton Drive, Morecambe, Lancashire LA4 6RB2
£162K05/230.34 mi5, Azalea Grove, Morecambe, Lancashire LA4 6TU2
£242K07/230.35 mi7, Homewood Avenue, Morecambe, Lancashire LA4 6LG2
£400K02/220.36 mi13, Homewood Avenue, Morecambe, Lancashire LA4 6LG2
£250K09/220.37 mi11, Wakefield Avenue, Morecambe, Lancashire LA4 6DY2

Local Rents

18 rents from £700/mo to £1.3K/mo, average is £838/mo.

RentDateDistanceAddressBeds 
£87507/240.08 miSulby Grove, Morecambe2
£87507/240.08 miSulby Grove, Morecambe2
£75007/240.1 miTudor Grove, Morecambe2
£70007/240.11 mi-2
£85010/240.11 mi-2
£72504/240.15 miLansdowne Grove, Morecambe2
£72504/240.15 miLansdowne Grove, Morecambe2
£95007/240.18 miSunnyfield Avenue, Morecambe2
£85004/250.18 mi-2
£90005/240.2 miWillow Grove, Morecambe2
£75007/240.21 miFlat 2 The Channings, 455 Marine Road East, Morecambe, LA4 6AD2
£72505/240.21 mi6 The Craggs, 457 - 459 Marine Road East, Morecambe2
£75007/240.22 miElm Grove, Bare, Morecambe, Lancashire2
£95006/240.3 miSt. Christophers Way, Bare, Morecambe2
£1,25005/240.45 miBroadway One, Dallam Avenue, Morecambe2
£77508/240.49 miGleneagles Drive, Morecambe2
£85005/240.51 miAnstable Road, Morecambe2
£82505/240.6 miHazelmere Marine Road East, Morecambe2

Local Area Statistics

Population in LA4

26,244

Population in Morecambe

50,836

Town centre distance

1.03 miles away

Nearest school

0.30 miles away

Nearest train station

0.14 miles away

 

 

Rental demand

Balanced market

Rental growth (12m)

+8%

Sales demand

Balanced market

Capital growth (5yrs)

+28%

Property History

Listed for £275,000

April 3, 2024

Sold for £190,000

2016

Sold for £59,950

1997

Floor Plans

Description

  • TRUE BUNGALOW +
  • TWO BEDROOMS +
  • CONSERVATORY +
  • LARGE LOFT ROOM +
  • POSSIBILITY TO EXTEND SUBJECT TO PLANNING +
  • GARAGE +
  • OFF ROAD PARKING +
  • SET IN THE HEART OF BARE VILLAGE +
  • SEAFRONT WALKS +
  • EXCELLENT LOCAL AMENITIES ON YOUR DOORSTEP +

* TRUE BUNGALOW TWO BEDROOMS * CONSERVATORY * LARGE LOFT ROOM * CLOAKROOM * BEAUTIFUL GARDENS * GARAGE * OFF ROAD PARKING * POSSIBILITY TO EXTEND SUBJECT TO PLANNING * VILLAGE LOCATION * EXCELLENT LOCAL AMENITIES *SEAFRONT WALKS *

Two-bedroom true bungalow nestled in the heart of Bare Village and situated within close proximity to local amenities, where you can enjoy the convenience of having the Crescent on your doorstep, providing easy access to shops, cafes, and other essential services. Additionally, the presence of a popular pub nearby offers a charming social atmosphere for residents to unwind and connect with neighbours.
One of the highlights of this property is its proximity to the seafront, allowing residents to enjoy leisurely strolls along the coast and embrace the seaside lifestyle.

This true bungalow layout makes it ideal for individuals seeking convenience and accessibility. With two bedrooms, this home provides comfortable accommodation for couples looking to downsize without compromising on space.
There is also a large loft room which could be converted into another bedroom en-suite, subject to the necessary planning.
Accommodation:
Large hallway with access to the loft room, lounge, kitchen/diner and a lovely conservatory with views over the garden, two bedrooms and a shower room. Outside has off-road parking to the front with access to the garage. Fully enclosed pretty rear garden which has been planted to reflect the seasons with a beautiful array of trees plants and shrubs, lawn and patio areas, water tap, gate to access front and door to garage, side garden and storage area.

Entrance Hallway - Range of built-in cupboards, carpeted floor, radaitor, access to the loft room, storage cupboard housing the Ideal combi boiler.

Cloakroom - Wash hand basin, extractor fan, W.C.

Loft Room - Large room with a pull-down wooden ladder, double glazed velux window, power and light, under eaves storage, room to side with a wash hand basin.
The flexibility to convert a room into an additional bedroom en-suite is a valuable feature of this property. Subject to obtaining the necessary planning permissions, this presents an exciting opportunity for homeowners to customize and expand their living space according to their needs and preferences.

Lounge - Double-glazed bay window to the front, tiled fireplace with inset gas fire, carpeted floor, radiator.

Kitchen/Diner - Double-glazed window to rear, range of matching wall and base units, electric oven and grill, four-ring gas hob, plumbing for washing machine, stainless steel sink, space for fridge/freezer, plumbing for washing machine, vinyl floor, radiator, double glazed door to the conservatory.

Conservatory - Two double-glazed doors to the garden with beautiful views over the garden, an electric wall heater and space for a dryer.

Shower Room - Double-glazed frosted window to rear, double shower cubicle with Mira electric shower, vanity unit with inset wash hand basin, extractor fan, radiator, W.C.

Bedroom One - Double-glazed window to the rear, built-in wardrobes, carpeted floor, radiator.

Bedroom Two - Double-glazed window to the side, carpeted floor, radiator.

Garage - Up and over door, power and light.

Outside - Outside has off-road parking to the front with access to the garage and a low-maintenance garden. Fully enclosed pretty rear garden which has been planted to reflect the seasons with a beautiful array of trees plants and shrubs, lawn and patio areas, water tap, gate to access front and door to garage, side garden and storage area.

Useful Information - Tenure Freehold
Council Tax Band (C ) £2007.16

Agent Details

Mighty House, Lancaster

01524 967572

Next Steps?

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