4 Bed Terraced House, Single Let, Morecambe, LA3 1RT, £130,000

130,000 Alexandra Road, Morecambe LA3 - 5 views - 10 months ago

BTL
ROI: 6%
170 m²
+7 photos

ValuationUndervalued

Sold Prices£77K - £595K
Sold Prices/m²£527/m² - £6K/m²

 

 

Square Metres

170.20 m²
Price/m²£764/m²

Value Estimate

£161,200
BMV24%

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£32,500

Stamp Duty & Legal Fees

£5,100

Total Cash In

£37,600

 

 

Cash Out

 

Rent Range

£750 - £1,550

Rent Estimate

£750

Running Costs/mo

£576

Cashflow/mo

£174

Cashflow/yr

£2,085

ROI

6%

Gross Yield

7%

Local Sold Prices

45 sold prices from £77K to £595K, average is £180K. £527/m² to £6K/m², average is £1.3K/m².

PriceDateDistanceAddressBeds 
£125K04/210.03 mi114, Sefton Road, Heysham, Morecambe, Lancashire LA3 1UE4
£155K01/230.06 mi192, Westminster Road, Morecambe, Lancashire LA3 1UN4
£80K02/210.12 mi12, Brunswick Road, Heysham, Morecambe, Lancashire LA3 1RU4
£125K06/230.16 mi17, Marlborough Road, Heysham, Morecambe, Lancashire LA3 1TL4
£132K02/210.2 mi23, Stanley Road, Heysham, Morecambe, Lancashire LA3 1UP4
£105K09/210.2 mi25, Cavendish Road, Heysham, Morecambe, Lancashire LA3 1TX4
£169K01/230.22 mi4, Mears Beck Close, Heysham, Morecambe, Lancashire LA3 1UX4
£95K06/230.24 mi75, Westminster Road, Morecambe, Lancashire LA4 4JE4
£158K07/210.25 mi67, Granville Road, Heysham, Morecambe, Lancashire LA3 1ED4
£77K11/200.26 mi16, Scott Road, Morecambe, Lancashire LA3 1AJ4
£177K05/210.27 mi72, Albert Road, Morecambe, Lancashire LA4 4HY4
£140K09/210.29 mi7, Norton Avenue, Heysham, Morecambe, Lancashire LA3 1HE4
£147K08/210.29 mi8, Norton Avenue, Heysham, Morecambe, Lancashire LA3 1HE4
£160K10/210.29 mi16, Norton Avenue, Heysham, Morecambe, Lancashire LA3 1HE4
£95K04/210.29 mi18, Norton Avenue, Heysham, Morecambe, Lancashire LA3 1HE4
£90K06/210.31 mi37, Clarendon Road East, Morecambe, Lancashire LA4 4HR4
£430K11/220.32 mi18, St Johns Grove, Heysham, Morecambe, Lancashire LA3 1ET4
£217.5K02/210.33 mi36, St Johns Road, Heysham, Morecambe, Lancashire LA3 1EX4
£181K01/230.34 mi34, Westminster Road, Morecambe, Lancashire LA4 4JD4
£185K01/210.36 mi11, Chatsworth Road, Morecambe, Lancashire LA4 4JG4
£138K04/210.45 mi4, Rydal Grove, Heysham, Morecambe, Lancashire LA3 1DU4
£206K02/210.48 mi91, Norton Road, Heysham, Morecambe, Lancashire LA3 1PG4
£325K04/210.5 mi124, Sandylands Promenade, Heysham, Morecambe, Lancashire LA3 1NS4
£280K06/210.57 mi12, Woodhill Close, Morecambe, Lancashire LA4 4PG4
£595K01/230.62 miWhittam House, Oxcliffe Road, Heaton With Oxcliffe, Morecambe, Lancashire LA3 3EG4
£230K04/210.67 mi14, Stansey Avenue, Heysham, Morecambe, Lancashire LA3 2AF4
£350K03/230.68 mi19, The Cliffs, Heysham, Morecambe, Lancashire LA3 1NY4
£159.9K03/210.68 mi27, Woodhill Lane, Morecambe, Lancashire LA4 4NL4
£292.5K02/210.7 mi25, Twemlow Parade, Heysham, Morecambe, Lancashire LA3 1PD4
£180K09/210.71 mi41, Crofters Fold, Heysham, Morecambe, Lancashire LA3 2AH4
£235K04/210.73 mi1, Wentworth Crescent, Morecambe, Lancashire LA3 3NZ4
£295K06/230.76 mi299, Heysham Road, Heysham, Morecambe, Lancashire LA3 2BA4
£215K06/210.76 mi160, West End Road, Morecambe, Lancashire LA4 4EF4
£479.9K06/230.82 mi39, Twemlow Parade, Heysham, Morecambe, Lancashire LA3 2AJ4
£205K10/210.85 mi50, Battismore Road, Morecambe, Lancashire LA4 4QG4
£139.9K11/200.89 mi8, Hestham Parade, Morecambe, Lancashire LA4 4QE4
£83K03/210.92 mi186, Euston Grove, Morecambe, Lancashire LA4 5LJ4
£115K09/210.93 mi215, Euston Grove, Morecambe, Lancashire LA4 5LH4
£375K01/230.94 mi26, Hampsfell Drive, Morecambe, Lancashire LA4 4TT4
£375K01/230.94 mi17, Cathedral Drive, Heaton With Oxcliffe, Morecambe, Lancashire LA3 3RE4
£296K09/220.94 mi24, Cathedral Drive, Heaton With Oxcliffe, Morecambe, Lancashire LA3 3RE4
£95K04/210.95 mi22, Central Drive, Morecambe, Lancashire LA4 5JU4
£180K01/210.95 mi10, Burnsall Avenue, Heysham, Morecambe, Lancashire LA3 2DT4
£295K03/210.98 mi7, Wells Close, Heaton With Oxcliffe, Morecambe, Lancashire LA3 3RS4
£190K10/211 mi17, Threshfield Avenue, Heysham, Morecambe, Lancashire LA3 2DU4

Local Rents

21 rents from £750/mo to £1.6K/mo, average is £899/mo.

RentDateDistanceAddressBeds 
£75012/230.11 mi-3
£89505/240.17 miHampton Road, Heysham3
£82507/240.2 miHampton Road, Heysham, Morecambe4
£95005/240.24 miClarendon Road, Morecambe3
£95008/240.24 miChatsworth Road, Morecambe, Lancashire, LA43
£77507/240.25 miBalmoral Road, Morecambe, Lancashire, LA43
£95004/240.25 miCumberland View Road, Heysham, Morecambe3
£89908/240.27 miAlbert Road, Morecambe, Lancashire, LA43
£89908/240.27 miAlbert Road, Morecambe, Lancashire, LA43
£1,25012/230.28 mi-4
£95008/240.28 miChatsworth Road, Morecambe, Lancashire, LA43
£95008/240.28 miChatsworth Road, Morecambe, Lancashire, LA43
£99505/240.29 miWest End4
£75005/240.29 miWest End, Morecambe, LA43
£75005/240.29 miWest End, Morecambe, LA43
£1,55003/240.36 mi-8
£1,20006/240.36 mi-8
£1,25007/240.37 miWestminster Road, Morecambe5
£85004/240.5 miWoodlands Drive, Heysham, Morecambe3
£80004/240.56 miHawksworth Grove, Heysham4
£75002/240.61 mi-3

Local Area Statistics

Population in LA3

24,587

Population in Morecambe

50,836

Town centre distance

1.02 miles away

Nearest school

0.10 miles away

Nearest train station

0.74 miles away

 

 

Rental growth (12m)

-2%

Sales demand

Buyer's market

Capital growth (5yrs)

+31%

Property History

Listed for £130,000

June 19, 2024

Floor Plans

Description

  • VIRTUAL VIEWING AVAILABLE. CLICK ON THE VIDEO TOUR ABOVE +
  • Four Bedroom Terraced House +
  • Two Reception Rooms, Kitchen, Downstairs Wetroom +
  • Spacious Bedrooms, Bathroom, Gas Central Heating +
  • No Chain Delay, Property Requires Updating +

This is a great opportunity for an investors or anybody looking for a project. This four bedroom terraced property boasts plenty of space, set over three floors.

To the ground floor, there are two reception rooms and a good sized kitchen. To the first floor, there are two bedrooms and a family bathroom. To the second floor, there are two further bedrooms and a store room. This property also benefits from a separate wc plus a separate wet room.

Externally, there is a small yard to the rear.

This is a great location which is surrounded by plenty of local amenities and a short walk to the promenade. The Morecambe area is currently under review for the Eden Project North which we believe will significantly enhance the popularity of the area and boost the local economy.

Property Measurements:
Lounge 4.53m x 3.35m
Dining Room 3.53m x 2.82m
Kitchen 3.62m x 2.77m
Bedroom One 4.44m x 4.83m
bedroom Two 3.53m x 2.82m
bedroom Three 4.06m x 4.83m
bedroom Four 3.20m x 2.63m

Council Tax Information: Band B

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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