2 Bed Terraced House, Single Let, Morecambe, LA3 1SR, £115,000

Avondale Road, Heysham, Morecambe, Lancashire, LA3 1SR - 10 months ago

Sold STC
BTL
ROI: 3%
~104 m²
+10 photos

ValuationUndervalued

Sold Prices£86.5K - £235K
Sold Prices/m²£1.3K/m² - £3.5K/m²

 

 

Square Metres

~103.90 m²
Price/m²£1.1K/m²

Value Estimate

£138,000
BMV20%

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£28,750

Stamp Duty & Legal Fees

£6,950

Total Cash In

£35,700

 

 

Cash Out

 

Rent Range

£425 - £899

Rent Estimate

£591

Running Costs/mo

£498

Cashflow/mo

£93

Cashflow/yr

£1,121

ROI

3%

Gross Yield

6%

Local Sold Prices

54 sold prices from £86.5K to £235K, average is £129.5K. £1.3K/m² to £3.5K/m², average is £2.1K/m².

PriceDateDistanceAddressBeds 
£90K12/220.09 mi122b, Balmoral Road, Morecambe, Lancashire LA3 1ST2
£86.5K11/200.1 mi33, Gardner Road, Heysham, Morecambe, Lancashire LA3 1RX2
£92K07/210.13 mi27, Byron Road, Heysham, Morecambe, Lancashire LA3 1UH2
£142K07/230.15 mi11, Brook Road, Morecambe, Lancashire LA3 1AX2
£142K07/230.15 mi11, Brook Road, Morecambe, Lancashire LA3 1AX2
£90K06/210.18 mi18, Harrington Road, Heysham, Morecambe, Lancashire LA3 1EN2
£93K07/230.18 mi14, Harrington Road, Heysham, Morecambe, Lancashire LA3 1EN2
£93K07/230.18 mi14, Harrington Road, Heysham, Morecambe, Lancashire LA3 1EN2
£162K07/210.18 mi13, Scott Road, Morecambe, Lancashire LA3 1AL2
£90K11/200.21 mi2, Granville Road, Heysham, Morecambe, Lancashire LA3 1EB2
£117K04/210.22 mi12, Manor Grove, Heysham, Morecambe, Lancashire LA3 1JA2
£150K06/230.22 mi1, Manor Grove, Heysham, Morecambe, Lancashire LA3 1JA2
£129K12/210.29 mi5, Cumberland View Close, Heysham, Morecambe, Lancashire LA3 1HG2
£155K06/230.29 mi12, Cumberland View Close, Heysham, Morecambe, Lancashire LA3 1HG2
£155K03/230.29 mi68, Osborne Road, Heysham, Morecambe, Lancashire LA3 1AA2
£165.8K05/230.31 mi53, Lordsome Road, Heysham, Morecambe, Lancashire LA3 1JE2
£235K11/200.33 mi9a, St Johns Grove, Heysham, Morecambe, Lancashire LA3 1ET2
£120K09/210.33 mi1, Grays Place, Heysham, Morecambe, Lancashire LA3 1JS2
£128K06/210.37 mi11, Windsor Avenue, Morecambe, Lancashire LA4 4LR2
£116K07/210.38 mi9, Norton Road, Heysham, Morecambe, Lancashire LA3 1HA2
£169.9K12/220.46 mi92, Acre Moss Lane, Morecambe, Lancashire LA4 4ND2
£100K09/210.5 mi21, Osborne Grove, Morecambe, Lancashire LA4 4PL2
£173K02/230.51 mi25, Levens Drive, Heysham, Morecambe, Lancashire LA3 1JN2
£175K04/210.52 mi8, Bertram Avenue, Morecambe, Lancashire LA4 4PW2
£168K12/220.54 mi29, Osborne Grove, Morecambe, Lancashire LA4 4PN2
£120K01/230.55 mi15, Willacy Parade, Heysham, Morecambe, Lancashire LA3 1LT2
£132K02/210.57 mi45, Levens Drive, Heysham, Morecambe, Lancashire LA3 1JN2
£181K05/230.58 mi22, Kenwood Avenue, Morecambe, Lancashire LA4 4PB2
£169.9K08/210.59 mi20, Oxcliffe Avenue, Heysham, Morecambe, Lancashire LA3 1PT2
£129.9K04/210.59 mi4, Harrison Crescent, Heysham, Morecambe, Lancashire LA3 1PX2
£185K12/220.6 mi90, Oxcliffe Road, Heysham, Morecambe, Lancashire LA3 1LX2
£134.5K03/210.6 mi76, Oxcliffe Road, Heysham, Morecambe, Lancashire LA3 1LX2
£160K04/210.6 mi72, Oxcliffe Road, Heysham, Morecambe, Lancashire LA3 1LX2
£108K06/210.61 mi20, Highgrove Close, Morecambe, Lancashire LA4 4NF2
£115K06/230.61 mi18, Highgrove Close, Morecambe, Lancashire LA4 4NF2
£120K12/200.67 mi31, Bleasdale Grove, Heysham, Morecambe, Lancashire LA3 2EX2
£118K11/200.7 mi2, Crofters Fold, Heysham, Morecambe, Lancashire LA3 2AH2
£139.9K03/210.72 mi8, Ashcroft, Heysham, Morecambe, Lancashire LA3 2AP2
£139.9K03/210.72 mi8, Ashcroft, Heysham, Morecambe, Lancashire LA3 2AP2
£139.9K03/210.72 mi8, Ashcroft, Heysham, Morecambe, Lancashire LA3 2AP2
£159K04/230.74 mi62, Carleton Street, Morecambe, Lancashire LA4 4NY2
£145K02/230.74 mi18, Carleton Street, Morecambe, Lancashire LA4 4NY2
£195K12/200.76 mi311, Heysham Road, Heysham, Morecambe, Lancashire LA3 2BA2
£117K04/210.76 mi299, Heysham Road, Heysham, Morecambe, Lancashire LA3 2BA2
£115K12/200.77 mi120, Schola Green Lane, Morecambe, Lancashire LA4 4PX2
£122K10/220.77 mi130, Schola Green Lane, Morecambe, Lancashire LA4 4PX2
£121K04/210.82 mi19, Campion Way, Morecambe, Lancashire LA3 3QE2
£125K02/230.82 mi31, Campion Way, Morecambe, Lancashire LA3 3QE2
£125K05/230.82 mi7, Campion Way, Morecambe, Lancashire LA3 3QE2
£162.5K07/230.83 mi45, Hampsfell Drive, Morecambe, Lancashire LA4 4TU2
£105K12/200.86 mi8, Teasel Walk, Morecambe, Lancashire LA3 3QQ2
£105K04/210.86 mi2, Teasel Walk, Morecambe, Lancashire LA3 3QQ2
£125K05/230.86 mi6, Teasel Walk, Morecambe, Lancashire LA3 3QQ2
£176K11/220.87 mi112, Westgate, Morecambe, Lancashire LA3 3DG2

Local Rents

49 rents from £425/mo to £899/mo, average is £699/mo.

RentDateDistanceAddressBeds 
£65007/230.04 mi-2
£65006/240.05 miBalmoral Road, Heysham2
£75006/240.09 miBalmoral Road, Morecambe2
£42507/230.1 mi-2
£77505/240.18 miHarrington Road, Heysham, LA32
£82507/240.19 miBold Street, Morecambe, Lancashire, LA32
£82507/240.19 miBold Street, Morecambe, Lancashire, LA32
£85007/240.19 miBold Street, Morecambe, Lancashire, LA32
£85008/240.19 miBold Street, Morecambe, Lancashire, LA32
£82508/240.19 miBold Street, Morecambe, Lancashire, LA32
£85008/240.19 miBold Street, Morecambe, Lancashire, LA32
£67509/240.2 miRegent Road, Morecambe, LA32
£66507/240.2 miRegent Road, Morecambe2
£65007/240.21 miMarine Road, Morecambe, LA32
£65008/240.21 miMarine Road, Morecambe, LA32
£67507/240.21 miMarine Road West, Morecambe, LA32
£69905/240.21 miRegent Road, Morecambe, Lancashire, LA32
£85008/240.21 miRegent Road, Morecambe, Lancashire, LA32
£66004/240.22 mi-2
£67512/240.22 mi-2
£67504/250.22 mi-2
£67508/240.22 miFlat 3, 20 Sefton Road, Heysham2
£67508/240.22 miRegent Road, Morecambe2
£67509/240.22 miRegent Road, Morecambe2
£62507/240.22 miMarine Road West, Morecambe2
£57505/240.22 miRegent Road, LA32
£65006/230.23 mi-2
£85004/240.24 miClarendon Road, Morecambe2
£65007/240.25 miHeysham Road, Heysham2
£72507/240.26 miAlbert Road, Morecambe, Lancashire, LA42
£69907/240.26 miAlbert Road, Morecambe, Lancashire, LA42
£72507/240.26 miAlbert Road, Morecambe, Lancashire, LA42
£69907/240.26 miAlbert Road, Morecambe, Lancashire, LA42
£79908/240.26 miAlbert Road, Morecambe, Lancashire, LA42
£89908/240.26 miAlbert Road, Morecambe, Lancashire, LA42
£89908/240.26 miAlbert Road, Morecambe, Lancashire, LA42
£65003/250.26 mi-2
£71502/240.26 mi-2
£75002/250.26 mi-2
£60011/230.26 mi-2
£80003/250.27 mi-2
£69905/240.27 miAlbert Road, Morecambe, Lancashire, LA42
£69905/240.28 miWest End2
£69905/240.28 miWest End, Morecambe, LA42
£72504/240.28 mi28 Sandylands Promenade, Morecambe2
£62510/240.28 mi-2
£70002/240.34 mi-2
£65002/240.34 mi-2
£75003/250.34 mi-2

Local Area Statistics

Population in LA3

24,587

Population in Morecambe

50,836

Town centre distance

1 miles away

Nearest school

0.10 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 £115,000

December 11, 2024

Listed for £126,000

June 4, 2024

Floor Plans

Description

  • Two double bedroom mid terrace +
  • Two Reception rooms +
  • Loft room +
  • Extended kitchen +
  • On street parking +
  • Yard +

Two double bed mid terrace with loft room and extended kitchen. This property requires some works of improvement however, is the perfect starter home for those looking to get onto the property ladder and put their own stamp on a property. Location within easy walking distance to Heysham promenade and beach.

This accommodation is fully double glazed, gas central heated and briefly comprises: entrance hall, living room with bay window, dining room leading into an extended kitchen with rear yard access. To the first floor is a family bathroom and two double bedrooms. To the second floor is loft room providing plenty of storage.

Externally there is on street parking and to the rear is an enclosed yard with access to the alley.

Conveniently situated in the increasingly popular area of lower Heysham, placed between higher Heysham and Morecambe town centre; perfect for local bus routes on Heysham Road. Close by to local shops and schools. There is easy travel links to Lancaster and the M6 via the Bay Gateway. With the recent planning approval of the Eden Project, there has never been a better time to buy in this location.

Freehold
Council Tax Band - A

Agent Details

Entwistle Green, Morecambe

01524 967563

Next Steps?

This deal was sourced from Rightmove. Contact the landlord/agent for a viewing now 💪