3 Bed Flat, Single Let, Morecambe, LA3 1DN, £134,950
Sandylands Promenade, Heysham, Morecambe, LA3 1DN - a year ago
Leasehold
BTL
ROI: 5%
~93 m²





+9 photos
ValuationUndervalued
Sold Prices | £70K - £270K |
Sold Prices/m² | £1.3K/m² - £2.7K/m² |
| |
Square Metres | ~93 m² |
Price/m² | £1.5K/m² |
Value Estimate | £164,639 |
BMV | 22% |
Cashflows
Cash In | |
Purchase Finance | Mortgage |
Deposit (25%) | £33,738 |
Stamp Duty & Legal Fees | £7,948 |
Total Cash In | £41,685 |
| |
Cash Out | |
Rent Range | £750 - £950 |
Rent Estimate | £750 |
Running Costs/mo | £592 |
Cashflow/mo | £158 |
Cashflow/yr | £1,899 |
ROI | 5% |
Gross Yield | 7% |
Local Sold Prices
8 sold prices from £70K to £270K, average is £131.3K. £1.3K/m² to £2.7K/m², average is £2.3K/m².
Local Rents
12 rents from £750/mo to £950/mo, average is £899/mo.
Local Area Statistics
Population in LA3 | 24,587 |
Population in Morecambe | 50,836 |
Town centre distance | 1.17 miles away |
Nearest school | 0.30 miles away |
Nearest train station | 0.78 miles away |
| |
Rental growth (12m) | -2% |
Sales demand | Buyer's market |
Capital growth (5yrs) | +31% |
Property History
Listed for £134,950
April 22, 2024
Floor Plans

Description
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