2 Bed Flat, Single Let, Morecambe, LA4 5AN, £180,000

Empress Court, Marine Road East, Morecambe | A 2 bed apartment with sea views!, LA4 5AN - 3 views - 10 months ago

Leasehold
BTL
~68 m²
+10 photos

ValuationOvervalued

Sold Prices£58K - £250K
Sold Prices/m²£868/m² - £3.6K/m²

 

 

Square Metres

~68.11 m²
Price/m²£2.6K/m²

Value Estimate

£123,041

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£45,000

Stamp Duty & Legal Fees

£6,600

Total Cash In

£51,600

 

 

Cash Out

 

Rent Range

£545 - £1,690

Rent Estimate

£650

Running Costs/mo

£713

Cashflow/mo

£-62

Cashflow/yr

£-750

Gross Yield

4%

Local Sold Prices

39 sold prices from £58K to £250K, average is £125K. £868/m² to £3.6K/m², average is £2K/m².

PriceDateDistanceAddressBeds 
£185K11/200.22 mi6, Hornby Terrace, Morecambe, Lancashire LA4 5QB2
£65K07/210.33 mi26, Stuart Avenue, Morecambe, Lancashire LA4 6EB2
£210K09/210.43 miFirst Floor Flat, 461, Marine Road East, Morecambe, Lancashire LA4 6AE2
£100K11/210.46 mi14, Nicholson Crescent, Morecambe, Lancashire LA4 6UE2
£62.5K11/200.46 miFlat 3, Homebreeze House, Beach Street, Morecambe, Lancashire LA4 6BT2
£120K11/220.49 mi3, Tudor Grove, Morecambe, Lancashire LA4 6DP2
£125K05/230.51 mi16, Palmer Grove, Morecambe, Lancashire LA4 6BQ2
£125K05/230.51 mi15, Palmer Grove, Morecambe, Lancashire LA4 6BQ2
£122K10/200.53 mi2a, Sulby Grove, Morecambe, Lancashire LA4 6HD2
£184K05/230.54 mi18, The Parks, Morecambe, Lancashire LA4 6BP2
£207K06/210.54 mi23, The Parks, Morecambe, Lancashire LA4 6BP2
£165K03/210.54 mi8, The Parks, Morecambe, Lancashire LA4 6BP2
£130K11/220.55 miFlat 9, Kensington Court, Bare Lane, Morecambe, Lancashire LA4 6DH2
£130K02/210.57 miFlat 11, Kensington Court, Bare Lane, Morecambe, Lancashire LA4 6DH2
£98K05/230.57 mi17, Clarence Court, Morecambe, Lancashire LA4 6DL2
£90K02/230.58 mi27, Clarence Court, Morecambe, Lancashire LA4 6DL2
£124K03/230.58 mi212, Lancaster Road, Morecambe, Lancashire LA4 5TL2
£100K11/210.59 mi7, Elms Road, Morecambe, Lancashire LA4 6AP2
£112.5K02/210.65 mi14, Elm Grove, Morecambe, Lancashire LA4 6AT2
£58K12/200.68 mi10, Monkswood Avenue, Morecambe, Lancashire LA4 6TW2
£250K11/200.71 mi7, Sizergh Road, Morecambe, Lancashire LA4 6TL2
£132.5K08/210.74 miApartment 8, Happy Mount House, Elms Lane, Morecambe, Lancashire LA4 6LR2
£109K10/210.77 mi11, Braemar Court, Morecambe, Lancashire LA4 5YB2
£135K10/210.78 mi4, Walton Avenue, Morecambe, Lancashire LA4 6SH2
£120K10/220.78 mi2, Braemar Court, Morecambe, Lancashire LA4 5YB2
£142K03/230.78 mi3, Fairlea Avenue, Morecambe, Lancashire LA4 6JY2
£155K09/220.79 miFlat 1, Princes Gardens, Bare Lane, Morecambe, Lancashire LA4 6RS2
£244K06/210.79 mi11, Chestnut Drive, Morecambe, Lancashire LA4 6HN2
£127.5K04/230.86 mi25, Essington Avenue, Morecambe, Lancashire LA4 4PA2
£93K07/210.88 mi87, Hampsfell Drive, Morecambe, Lancashire LA4 4TP2
£87K03/210.88 mi79, Grayrigg Drive, Morecambe, Lancashire LA4 4UL2
£125K09/220.93 mi20, Grayrigg Drive, Morecambe, Lancashire LA4 4UJ2
£112K03/230.94 mi13, Sandringham Court, Morecambe, Lancashire LA4 4NG2
£108K11/220.95 mi38, Ennerdale Avenue, Morecambe, Lancashire LA4 5UQ2
£227K12/200.97 mi29, Brampton Drive, Morecambe, Lancashire LA4 6QS2
£140K06/210.99 mi2, Hatfield Court, Morecambe, Lancashire LA4 6RQ2
£155K11/220.99 mi7, Hatfield Court, Morecambe, Lancashire LA4 6RQ2
£95K04/210.99 mi54, Hampsfell Drive, Morecambe, Lancashire LA4 4TU2
£75.5K05/210.99 mi78, Hampsfell Drive, Morecambe, Lancashire LA4 4TU2

Local Rents

39 rents from £545/mo to £1.7K/mo, average is £775/mo.

RentDateDistanceAddressBeds 
£82505/240.04 miHazelmere Marine Road East, Morecambe2
£1,25005/240.11 miBroadway One, Dallam Avenue, Morecambe2
£85003/240.19 mi-2
£85003/250.19 mi-2
£80004/250.19 mi-2
£85004/240.19 miArnside Crescent, Morecambe, LA42
£95012/240.24 mi-2
£95012/240.24 mi-2
£95006/240.26 miSt. Christophers Way, Bare, Morecambe2
£77508/240.29 miGleneagles Drive, Morecambe2
£79504/240.33 miLeyster Street, Morecambe2
£57501/250.34 mi-2
£70004/240.34 mi-2
£77507/240.36 miAshton Road, Morecambe2
£1,69003/250.37 mi-2
£1,51704/240.37 mi-2
£77508/240.37 miRose Street, Morecambe2
£77508/240.37 miRose Street, Morecambe2
£77508/240.37 miRose Street, Morecambe2
£75007/240.4 miFlat 2 The Channings, 455 Marine Road East, Morecambe, LA4 6AD2
£95007/240.4 miSunnyfield Avenue, Morecambe2
£85004/250.4 mi-2
£72505/240.41 mi6 The Craggs, 457 - 459 Marine Road East, Morecambe2
£70007/240.46 mi-2
£85010/240.46 mi-2
£75007/240.47 miTudor Grove, Morecambe2
£54508/240.47 mi-2
£67507/240.5 miQueen Square, Station Road, Morecambe2
£67509/240.5 miQueen Square, Station Road, Morecambe2
£87507/240.5 miSulby Grove, Morecambe2
£87507/240.5 miSulby Grove, Morecambe2
£75012/230.5 mi-2
£72504/240.52 miLansdowne Grove, Morecambe2
£72504/240.52 miLansdowne Grove, Morecambe2
£65004/240.56 miBack Morecambe Street, Morecambe2
£65008/240.58 miEuston Road, Morecambe, Lancashire, LA42
£70004/240.6 miSchola Green Lane, Morecambe, Lancashire2
£70006/240.62 mi-2
£60006/240.62 miCentral Drive, Morecambe, LA42

Local Area Statistics

Population in LA4

26,244

Population in Morecambe

50,836

Town centre distance

0.68 miles away

Nearest school

0.10 miles away

Nearest train station

0.65 miles away

 

 

Rental demand

Balanced market

Rental growth (12m)

+8%

Sales demand

Balanced market

Capital growth (5yrs)

+28%

Property History

Price changed to £180,000

September 26, 2024

Listed for £195,000

June 13, 2024

Floor Plans

Description

  • Corner 2nd floor apartment, with sea views from each room +
  • Available with NO CHAIN! +
  • Large lounge with bay window seat overlooking the bay +
  • Cream gloss kitchen, gas hob and eye level electric oven +
  • Kitchen has laminate flooring, tastefully decorated throughout +
  • Gas central heating +
  • Shower room with wall glitter panels, white WC and wash basin +
  • Features include ceiling roses, coving and stained glass windows +
  • Secure intercom system and lifts to all floors. +

Location You couldn't ask for a better location than Empress Court right in the middle of the action with all of Morecambe Promenade literally on your doorstep. You get fabulous views across Morecambe Bay over to the Lake District and will be the ideal location when the Eden Project comes to town. There are numerous cafes, pubs, and shops right along the seafront as well as the larger Morrisons and Aldi Supermarkets. Property Description Situated in a coveted position on the corner of the 2nd floor, this 2-bedroom apartment boasts unparalleled sea views from every room, offering a glimpse of the bay that stretches endlessly before you. The grand lounge is adorned with a bay window seat, inviting you to soak in the panoramic vistas. Elegant and functional, the cream gloss kitchen features a gas hob, eye-level electric oven, and laminate flooring, meticulously designed to marry style with practicality.

This tastefully decorated abode exudes sophistication and charm, with its gas central heating ensuring warmth and comfort throughout. The shower room is a sanctuary of tranquillity, boasting shimmering wall glitter panels, a pristine white WC, and wash basin. Ornate details such as ceiling roses, coving, and stained glass windows lend a touch of timeless elegance to the apartment.

Complete with a secure intercom system and convenient lifts to all floors, this exclusive residence epitomises luxury coastal living at its finest. Additional information

  • Perfect location

  • Off road parking

  • Gas central heating

  • Double Glazing

  • Lifts to all floors

  • Secure access

  • Available with NO CHAIN!

  • Properties within the development are for owner occupation only.

EPC Rating: C

Agent Details

JD Gallagher Estate Agents, Lancaster

01524 967550

Next Steps?

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