3 Bed Detached House, Single Let, Morecambe, LA3 1EQ, £115,000

2 Halden Road, Morecambe, Lancashire, LA3 1EQ - 2 views - 8 months ago

Under Offer
BTL
ROI: 8%
81 m²

ValuationUndervalued

Sold Prices£70K - £295K
Sold Prices/m²£925/m² - £3.1K/m²

 

 

Square Metres

81.10 m²
Price/m²£1.4K/m²

Value Estimate

£119,807
BMV4%

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£28,750

Stamp Duty & Legal Fees

£4,650

Total Cash In

£33,400

 

 

Cash Out

 

Rent Range

£750 - £950

Rent Estimate

£750

Running Costs/mo

£529

Cashflow/mo

£221

Cashflow/yr

£2,648

ROI

8%

Gross Yield

8%

Local Sold Prices

51 sold prices from £70K to £295K, average is £133K. £925/m² to £3.1K/m², average is £1.5K/m².

PriceDateDistanceAddressBeds 
£128K05/230.03 mi46, Hampton Road, Heysham, Morecambe, Lancashire LA3 1EL3
£122.5K06/210.03 mi28, Harrington Road, Heysham, Morecambe, Lancashire LA3 1EN3
£97.5K11/200.05 mi28, Granville Road, Heysham, Morecambe, Lancashire LA3 1EB3
£103K04/210.05 mi52, Granville Road, Heysham, Morecambe, Lancashire LA3 1EB3
£130K10/220.05 mi52, Granville Road, Heysham, Morecambe, Lancashire LA3 1EB3
£112K11/200.06 mi34, Stanley Road, Heysham, Morecambe, Lancashire LA3 1UR3
£130K06/210.06 mi58, Stanley Road, Heysham, Morecambe, Lancashire LA3 1UR3
£134K04/230.06 mi54, Stanley Road, Heysham, Morecambe, Lancashire LA3 1UR3
£128.5K04/210.07 mi7, Hampton Road, Heysham, Morecambe, Lancashire LA3 1EJ3
£112.5K02/210.07 mi56, Granville Road, Heysham, Morecambe, Lancashire LA3 1ED3
£122.5K07/210.07 mi58, Granville Road, Heysham, Morecambe, Lancashire LA3 1ED3
£128.5K06/230.07 mi58, Granville Road, Heysham, Morecambe, Lancashire LA3 1ED3
£128.5K06/230.07 mi58, Granville Road, Heysham, Morecambe, Lancashire LA3 1ED3
£110K07/210.08 mi3, Balmoral Avenue, Heysham, Morecambe, Lancashire LA3 1JU3
£170K12/200.09 mi67, Fairfield Road, Heysham, Morecambe, Lancashire LA3 1ES3
£160K03/230.1 mi21, Byron Road, Heysham, Morecambe, Lancashire LA3 1UH3
£127K04/210.1 mi4, Cumberland View Close, Heysham, Morecambe, Lancashire LA3 1HG3
£175K03/230.1 mi26, Mears Beck Close, Heysham, Morecambe, Lancashire LA3 1UX3
£113K03/230.11 mi52, Brunswick Road, Heysham, Morecambe, Lancashire LA3 1UG3
£160K08/210.11 mi145, Balmoral Road, Morecambe, Lancashire LA3 1HN3
£250K10/220.11 mi152, Balmoral Road, Morecambe, Lancashire LA3 1HW3
£154.4K04/210.13 mi12, Barnes Road, Heysham, Morecambe, Lancashire LA3 1UW3
£129K02/210.15 mi42, Kings Crescent, Heysham, Morecambe, Lancashire LA3 1HX3
£143K10/210.17 mi42, Harewood Avenue, Heysham, Morecambe, Lancashire LA3 1JQ3
£295K11/210.17 mi8, St Johns Grove, Heysham, Morecambe, Lancashire LA3 1ET3
£133K06/210.17 mi41, Harewood Avenue, Heysham, Morecambe, Lancashire LA3 1JH3
£70K12/200.18 mi23, Gardner Road, Heysham, Morecambe, Lancashire LA3 1RX3
£106K12/200.19 mi30, Avondale Road, Heysham, Morecambe, Lancashire LA3 1SR3
£135K05/230.19 mi22, Avondale Road, Heysham, Morecambe, Lancashire LA3 1SR3
£119K10/210.2 mi9, Cambridge Road, Morecambe, Lancashire LA3 1RY3
£95K10/210.22 mi1, Myrtle Grove, Heysham, Morecambe, Lancashire LA3 1HT3
£138K02/230.22 mi1, Myrtle Grove, Heysham, Morecambe, Lancashire LA3 1HT3
£125K04/210.22 mi34, Maple Avenue, Heysham, Morecambe, Lancashire LA3 1HZ3
£167K01/230.22 mi44, Maple Avenue, Heysham, Morecambe, Lancashire LA3 1HZ3
£184.5K11/200.23 mi37, Norton Road, Heysham, Morecambe, Lancashire LA3 1HA3
£215K11/210.23 mi41, Lordsome Road, Heysham, Morecambe, Lancashire LA3 1JE3
£120K03/210.24 mi52, Lordsome Road, Heysham, Morecambe, Lancashire LA3 1JB3
£130.2K06/210.24 mi22, Lordsome Road, Heysham, Morecambe, Lancashire LA3 1JB3
£95K12/200.25 mi33, Limes Avenue, Heysham, Morecambe, Lancashire LA3 1HS3
£165K01/230.25 mi24, Limes Avenue, Heysham, Morecambe, Lancashire LA3 1HS3
£140K01/210.27 mi4, Clevelands Avenue, Morecambe, Lancashire LA3 1SX3
£194K07/210.28 mi10, Rydal Road, Heysham, Morecambe, Lancashire LA3 1DT3
£84K06/210.3 mi55a, Yorkshire Street, Morecambe, Lancashire LA3 1QF3
£165K01/210.3 mi20, Clevelands Grove, Morecambe, Lancashire LA3 1SY3
£237.5K06/210.31 mi67, Norton Road, Heysham, Morecambe, Lancashire LA3 1PF3
£182K06/210.33 mi4, Norton Grove, Heysham, Morecambe, Lancashire LA3 1PQ3
£185K12/210.34 mi82, Norton Road, Heysham, Morecambe, Lancashire LA3 1PG3
£250K12/220.34 mi70, Norton Road, Heysham, Morecambe, Lancashire LA3 1PG3
£170K08/230.34 mi18, Woodlands Drive, Heysham, Morecambe, Lancashire LA3 1LZ3
£169.9K12/220.36 mi8, Osborne Crescent, Morecambe, Lancashire LA3 1SZ3
£210K05/210.37 mi1, Woodlands Grove, Heysham, Morecambe, Lancashire LA3 1NF3

Local Rents

13 rents from £750/mo to £950/mo, average is £899/mo.

RentDateDistanceAddressBeds 
£89505/240.03 miHampton Road, Heysham3
£95004/240.1 miCumberland View Road, Heysham, Morecambe3
£75012/230.27 mi-3
£85004/240.4 miWoodlands Drive, Heysham, Morecambe3
£95005/240.41 miClarendon Road, Morecambe3
£95008/240.42 miChatsworth Road, Morecambe, Lancashire, LA43
£77507/240.43 miBalmoral Road, Morecambe, Lancashire, LA43
£89908/240.44 miAlbert Road, Morecambe, Lancashire, LA43
£89908/240.44 miAlbert Road, Morecambe, Lancashire, LA43
£95008/240.45 miChatsworth Road, Morecambe, Lancashire, LA43
£95008/240.45 miChatsworth Road, Morecambe, Lancashire, LA43
£75005/240.47 miWest End, Morecambe, LA43
£75005/240.47 miWest End, Morecambe, LA43

Local Area Statistics

Population in LA3

24,587

Population in Morecambe

50,836

Town centre distance

1.19 miles away

Nearest school

0.10 miles away

Nearest train station

0.91 miles away

 

 

Rental growth (12m)

-2%

Sales demand

Buyer's market

Capital growth (5yrs)

+31%

Property History

Listed for £115,000

July 22, 2024

Sold for £119,950

2006

Floor Plans

Description

  • Detached Property +
  • Investment Opportunity +
  • Three Bedrooms +
  • Spacious Kitchen Dining Room +
  • Shower Room +
  • Off Road Parking And Garage +
  • Freehold +
  • Council Tax Band: A +
  • EPC Rating: G +

INVESTMENT OPPORTUNITY FOR A THREE BEDROOM DETACHED HOME

Welcome to this detached house located on Halden Road in the picturesque town of Heysham, Morecambe.

This property boasts a spacious reception room, perfect for entertaining guests or simply relaxing with your loved ones. With three bedrooms, there is plenty of space for a growing family or for those who enjoy having a home office or guest room.

The investment opportunity this property presents is truly exciting, with the potential to turn this house into your dream home or to generate rental income.

Situated close to local shops, amenities, and the stunning coast, this house offers the best of both worlds - a peaceful residential area with easy access to everything you need. The location is ideal for those who appreciate a tranquil environment while still being near the hustle and bustle of town life.

Don't miss out on the chance to own a property that is oozing with potential. Whether you are looking to settle down in a lovely neighbourhood or seeking a lucrative investment, this detached house on Halden Road is a fantastic opportunity not to be missed.

Ground Floor -

Hallway - Hardwood entrance door, tile flooring, coving, stairs to first floor and doors to under stairs storage, reception room and kitchen.

Reception Room - 3.66m x 3.63m (12' x 11'11) - UPVC double glazed bay window, UPVC double glazed window, coving, cast iron log burner and wood effect flooring.

Kitchen - 5.61m x 3.35m (18'5 x 11') - Three UPVC double glazed windows, tile effect flooring and UPVC double glazed door to side.

First Floor -

Landing - Doors to three bedrooms and shower room.

Bedroom One - 3.56m x 3.07m (11'8 x 10'1) - UPVC double glazed window.

Bedroom Two - 3.10m x 3.05m (10'2 x 10') - UPVC double glazed window.

Bedroom Three - 2.34m x 1.83m (7'8 x 6') - UPVC double glazed window.

Bathroom - 2.34m x 2.18m (7'8 x 7'2) - UPVC double glazed window, low level WC vanity topped wash basin, electric feed shower in double enclosure, part tiled elevation and tiled floor.

External -

Rear - Outbuilding and garage.

Agent Details

GF Property Sales and Lettings, Morecambe

01524 967798

Next Steps?

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