2 Bed Flat, Single Let, Morecambe, LA3 1TG, £110,000
Alexandra Road, Morecambe, LA3 1TG - 6 views - a year ago
Leasehold
BTL
ROI: 5%
~68 m²





+4 photos
ValuationOvervalued
Sold Prices | £44K - £182K |
Sold Prices/m² | £1.3K/m² - £2.9K/m² |
| |
Square Metres | ~68.11 m² |
Price/m² | £1.6K/m² |
Value Estimate | £103,763 |
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 | £625 |
Running Costs/mo | £489 |
Cashflow/mo | £136 |
Cashflow/yr | £1,635 |
ROI | 5% |
Gross Yield | 7% |
Local Sold Prices
22 sold prices from £44K to £182K, average is £89.5K. £1.3K/m² to £2.9K/m², average is £1.5K/m².
Local Rents
50 rents from £425/mo to £1.5K/mo, average is £699/mo.
Local Area Statistics
Population in LA3 | 24,587 |
Population in Morecambe | 50,836 |
Town centre distance | 1.04 miles away |
Nearest school | 0.20 miles away |
Nearest train station | 0.70 miles away |
| |
Rental growth (12m) | -2% |
Sales demand | Buyer's market |
Capital growth (5yrs) | +31% |
Property History
Listed for £110,000
April 7, 2024
Floor Plans

Description
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