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 |
BMV | 4% |
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.
Local Rents
49 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 | 1.10 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
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