2 Bed Flat, Single Let, Morecambe, LA3 1BS, £99,950

Marine Road West, Morecambe, LA3 1BS - 10 months ago

Sold STC
Leasehold
BTL
ROI: 5%
~68 m²
+5 photos

ValuationUndervalued

Sold Prices£44K - £182K
Sold Prices/m²£1.3K/m² - £2.9K/m²

 

 

Square Metres

~68.11 m²
Price/m²£1.5K/m²

Value Estimate

£103,841
BMV4%

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£24,988

Stamp Duty & Legal Fees

£6,198

Total Cash In

£31,185

 

 

Cash Out

 

Rent Range

£425 - £1,500

Rent Estimate

£594

Running Costs/mo

£451

Cashflow/mo

£143

Cashflow/yr

£1,714

ROI

5%

Gross Yield

7%

Local Sold Prices

21 sold prices from £44K to £182K, average is £86K. £1.3K/m² to £2.9K/m², average is £1.5K/m².

PriceDateDistanceAddressBeds 
£145K02/230.08 miFlat 33, Marine Court, Sandylands Promenade, Heysham, Morecambe, Lancashire LA3 1HQ2
£120K06/210.19 mi188, Westminster Road, Morecambe, Lancashire LA3 1SN2
£84.5K12/220.29 mi122a, Balmoral Road, Morecambe, Lancashire LA3 1ST2
£120K08/210.31 mi66, Regent Road, Morecambe, Lancashire LA3 1TF2
£50K12/220.35 miFlat 3, Sunacre Court, Maple Avenue, Heysham, Morecambe, Lancashire LA3 1HY2
£58K01/210.36 miFlat 17, Sunacre Court, Maple Avenue, Heysham, Morecambe, Lancashire LA3 1HY2
£75K03/210.38 mi29, Dalton Road, Heysham, Morecambe, Lancashire LA3 1HD2
£70K09/210.38 mi49, Balmoral Road, Morecambe, Lancashire LA4 4JR2
£93K07/210.4 mi185, Heysham Road, Heysham, Morecambe, Lancashire LA3 1DF2
£182K10/210.44 miApartment 42, Grosvenor Apartments, Sandylands Promenade, Morecambe, Lancashire LA3 1GW2
£77K01/230.48 mi33a, Norton Road, Heysham, Morecambe, Lancashire LA3 1HA2
£122K01/210.49 mi8, Westminster Avenue, Morecambe, Lancashire LA4 4DU2
£97.5K12/200.49 mi243a, Heysham Road, Heysham, Morecambe, Lancashire LA3 1NN2
£75.8K06/210.53 mi10a, Westfield Grove, Morecambe, Lancashire LA4 4LQ2
£86K12/200.56 mi8, Balmoral Road, Morecambe, Lancashire LA4 4JN2
£44K05/210.66 mi33, Hawksworth Grove, Heysham, Morecambe, Lancashire LA3 1LU2
£112K03/230.67 mi13, Sandringham Court, Morecambe, Lancashire LA4 4NG2
£127.5K04/230.83 mi25, Essington Avenue, Morecambe, Lancashire LA4 4PA2
£95K04/210.99 mi54, Hampsfell Drive, Morecambe, Lancashire LA4 4TU2
£75.5K05/210.99 mi78, Hampsfell Drive, Morecambe, Lancashire LA4 4TU2
£84K07/210.99 mi39, Gaisgill Avenue, Morecambe, Lancashire LA4 4UF2

Local Rents

49 rents from £425/mo to £1.5K/mo, average is £699/mo.

RentDateDistanceAddressBeds 
£65006/230 mi-2
£62507/240.01 miMarine Road West, Morecambe2
£82507/240.05 miBold Street, Morecambe, Lancashire, LA32
£82507/240.05 miBold Street, Morecambe, Lancashire, LA32
£85007/240.05 miBold Street, Morecambe, Lancashire, LA32
£85008/240.05 miBold Street, Morecambe, Lancashire, LA32
£82508/240.05 miBold Street, Morecambe, Lancashire, LA32
£85008/240.05 miBold Street, Morecambe, Lancashire, LA32
£65003/250.06 mi-2
£71502/240.06 mi-2
£75002/250.06 mi-2
£60011/230.06 mi-2
£67508/240.08 miFlat 3, 20 Sefton Road, Heysham2
£65007/240.09 miHeysham Road, Heysham2
£65007/240.11 miMarine Road, Morecambe, LA32
£65008/240.11 miMarine Road, Morecambe, LA32
£72504/240.11 mi28 Sandylands Promenade, Morecambe2
£67507/240.11 miMarine Road West, Morecambe, LA32
£65007/230.19 mi-2
£80003/250.21 mi-2
£77505/240.21 miHarrington Road, Heysham, LA32
£66004/240.22 mi-2
£67512/240.22 mi-2
£67504/250.22 mi-2
£42507/230.24 mi-2
£67508/240.25 miRegent Road, Morecambe2
£67509/240.25 miRegent Road, Morecambe2
£57505/240.26 miRegent Road, LA32
£85004/240.26 miClarendon Road, Morecambe2
£65006/240.27 miBalmoral Road, Heysham2
£70002/240.28 mi-2
£65002/240.28 mi-2
£75003/250.28 mi-2
£75006/240.29 miBalmoral Road, Morecambe2
£66507/240.3 miRegent Road, Morecambe2
£67509/240.3 miRegent Road, Morecambe, LA32
£62510/240.31 mi-2
£69905/240.31 miRegent Road, Morecambe, Lancashire, LA32
£85008/240.31 miRegent Road, Morecambe, Lancashire, LA32
£72507/240.32 miAlbert Road, Morecambe, Lancashire, LA42
£69907/240.32 miAlbert Road, Morecambe, Lancashire, LA42
£72507/240.32 miAlbert Road, Morecambe, Lancashire, LA42
£69907/240.32 miAlbert Road, Morecambe, Lancashire, LA42
£79908/240.32 miAlbert Road, Morecambe, Lancashire, LA42
£89908/240.32 miAlbert Road, Morecambe, Lancashire, LA42
£89908/240.32 miAlbert Road, Morecambe, Lancashire, LA42
£69905/240.33 miAlbert Road, Morecambe, Lancashire, LA42
£1,50012/230.34 mi-2
£75009/240.35 mi80 Sandylands Promenade, Morecambe, LA32

Local Area Statistics

Population in LA3

24,587

Population in Morecambe

50,836

Town centre distance

1.10 miles away

Nearest school

0.20 miles away

Nearest train station

0.73 miles away

 

 

Rental growth (12m)

-2%

Sales demand

Buyer's market

Capital growth (5yrs)

+31%

Property History

Price changed to £99,950

January 23, 2025

Listed for £105,000

June 3, 2024

Floor Plans

Description

  • VIRTUAL VIEWING AVAILABLE. CLICK ON THE VIDEO TOUR ABOVE +
  • Two Bedroom Top Floor Sea Front Flat In Morecambe +
  • Hallway, Lounge, Kitchen, Plus Stunning Views Of Morecambe Bay +
  • Two Good Size Bedrooms, Bathroom +
  • Great Location, Close to Local Amenities And Promenade +

Fantastic opportunity to purchase this top floor flat. The property is well proportioned and situated on Morecambe's sea front with stunning views across the bay.

On internal inspection the property briefly comprises; hallway, lounge, kitchen, bathroom and two bedrooms.

Externally the property has the beach on its doorstep, there is an off road allocated parking space to the rear and the property is located close to local amenities and travel links.

Viewings are highly recommended to appreciate this superb property on offer.
Leasehold information: Terms: 125 years from 1st July 2022
Current Ground Rent: £250 per annum
Current Maintenance/Service Charges: £82 per calendar month
Council Tax Information: Band A

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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