3 Bed Terraced House, Single Let, Morecambe, LA4 6NJ, £180,000

Torrisholme Square, Morecambe, Lancashire, LA4 6NJ - 9 months ago

BTL
ROI: 1%
~111 m²
+10 photos

ValuationUndervalued

Sold Prices£95K - £377.5K
Sold Prices/m²£1K/m² - £3.5K/m²

 

 

Square Metres

~110.50 m²
Price/m²£1.6K/m²

Value Estimate

£225,000
BMV25%

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£45,000

Stamp Duty & Legal Fees

£11,300

Total Cash In

£56,300

 

 

Cash Out

 

Rent Range

£750 - £2,250

Rent Estimate

£788

Running Costs/mo

£740

Cashflow/mo

£48

Cashflow/yr

£575

ROI

1%

Gross Yield

5%

Local Sold Prices

51 sold prices from £95K to £377.5K, average is £225K. £1K/m² to £3.5K/m², average is £2.3K/m².

PriceDateDistanceAddressBeds 
£100K02/210.12 mi393, Lancaster Road, Morecambe, Lancashire LA4 6LZ3
£240.5K02/230.13 mi12, Russell Drive, Morecambe, Lancashire LA4 6NR3
£173K01/210.14 mi19, Russell Drive, Morecambe, Lancashire LA4 6NR3
£220K03/220.16 mi1a, Kenyon Road, Morecambe, Lancashire LA4 6PT3
£150K03/210.17 mi18, Kayswell Road, Morecambe, Lancashire LA4 6PX3
£263K07/230.17 mi34, Kayswell Road, Morecambe, Lancashire LA4 6PX3
£231.2K04/230.18 mi71, Russell Drive, Morecambe, Lancashire LA4 6NS3
£225K01/210.19 mi2, High Court, Morecambe, Lancashire LA4 6PF3
£185K09/210.21 mi37, Norwood Drive, Morecambe, Lancashire LA4 6LT3
£210K02/230.23 mi10, Lonsdale Avenue, Morecambe, Lancashire LA4 6RX3
£170K07/210.26 mi33, Michaelson Avenue, Morecambe, Lancashire LA4 6SD3
£295K07/230.28 mi69, Low Lane, Morecambe, Lancashire LA4 6PP3
£255K03/210.28 mi25, Morecambe Road, Morecambe, Lancashire LA3 3AA3
£247K07/210.3 mi1a, Homfray Grove, Morecambe, Lancashire LA3 3AQ3
£185K02/210.31 mi23, Brampton Drive, Morecambe, Lancashire LA4 6QS3
£287K12/220.31 mi171, Bare Lane, Morecambe, Lancashire LA4 6RR3
£345.5K01/230.32 mi33, Walton Avenue, Morecambe, Lancashire LA4 6SQ3
£317.5K03/210.34 mi140, Bare Lane, Morecambe, Lancashire LA4 6RS3
£250K02/230.34 mi17, Homfray Avenue, Morecambe, Lancashire LA3 3AG3
£172K12/200.34 mi10, Warley Avenue, Morecambe, Lancashire LA3 3AR3
£210K05/230.35 mi28, Walton Avenue, Morecambe, Lancashire LA4 6SH3
£229K03/210.37 mi23, Lynden Avenue, Morecambe, Lancashire LA4 6TF3
£245K11/200.39 mi12, Pemberton Drive, Morecambe, Lancashire LA4 6SL3
£205K03/210.4 mi9, Watling Close, Morecambe, Lancashire LA3 3BG3
£259K12/200.41 mi123, Bare Lane, Morecambe, Lancashire LA4 6RP3
£243K02/210.41 mi117, Bare Lane, Morecambe, Lancashire LA4 6RP3
£257K11/220.41 mi8, Hyndburn Close, Morecambe, Lancashire LA3 3SQ3
£260K11/200.43 mi254, Torrisholme Road, Lancaster, Lancashire LA1 2TU3
£175K05/210.43 mi7, Hadrian Road, Morecambe, Lancashire LA3 3BX3
£187K01/210.43 mi287, Lancaster Road, Morecambe, Lancashire LA4 5TP3
£164K05/210.43 mi4, Ryknild Way, Morecambe, Lancashire LA3 3BW3
£165K06/210.43 mi5, Ryknild Way, Morecambe, Lancashire LA3 3BW3
£176.5K03/210.44 mi84, Hadrian Road, Morecambe, Lancashire LA3 3BX3
£225K05/230.44 mi82, Hadrian Road, Morecambe, Lancashire LA3 3BX3
£225K05/230.44 mi82, Lymm Avenue, Lancaster, Lancashire LA1 5HR3
£237K11/200.45 mi3, Ermine Place, Morecambe, Lancashire LA3 3BU3
£280K04/210.45 mi2, Ermine Place, Morecambe, Lancashire LA3 3BU3
£258K01/210.45 mi6, Ermine Place, Morecambe, Lancashire LA3 3BU3
£370K03/210.48 mi101, Broadway, Morecambe, Lancashire LA4 5YA3
£377.5K06/210.48 mi119, Broadway, Morecambe, Lancashire LA4 5YA3
£95K05/210.48 mi22, Haweswater Place, Morecambe, Lancashire LA4 5TZ3
£163K03/210.49 mi24, Akeman Close, Morecambe, Lancashire LA3 3BP3
£209K02/230.49 mi9, Akeman Close, Morecambe, Lancashire LA3 3BP3
£228K06/230.49 mi17, Akeman Close, Morecambe, Lancashire LA3 3BP3
£228K06/230.49 mi17, Akeman Close, Morecambe, Lancashire LA3 3BP3
£110K07/210.49 mi42, Ullswater Avenue, Morecambe, Lancashire LA4 5TY3
£155K07/230.49 mi43, Ullswater Avenue, Morecambe, Lancashire LA4 5TY3
£298.1K07/210.5 mi7, Clifton Drive, Morecambe, Lancashire LA4 6SR3
£300K02/210.5 mi3, Clifton Drive, Morecambe, Lancashire LA4 6SR3
£175K01/210.51 mi98, Beaufort Road, Morecambe, Lancashire LA4 6UA3
£177.5K11/200.52 mi95, Torrisholme Road, Lancaster, Lancashire LA1 2UB3

Local Rents

25 rents from £750/mo to £2.3K/mo, average is £880/mo.

RentDateDistanceAddressBeds 
£90005/240.03 miDallas Road, Torrisholme, LA43
£1,50007/240.11 miEssex Road, Torrisholme3
£95006/240.29 miKayswell Road, Torrisholme, Morecambe3
£90004/240.32 miMichaelson Avenue, Morecambe, LA43
£82506/240.51 miWyre Close, Grosvenor Park, Lancaster, LA33
£85004/240.68 miGregareth Close, Lancaster3
£92505/240.71 miWatery Lane, Lancaster3
£1,30005/240.75 miLichfield Avenue, Bare3
£87506/240.97 mi-3
£87504/250.97 mi-3
£90004/240.99 miWhitby Road, Morecambe3
£95004/241.09 miThornton Road, Morecambe3
£87505/241.1 miClare Road, Lancaster, LA13
£85006/241.13 miHampsfell Drive, Westgate, Morecambe, Lancashire3
£77504/241.14 miThornton Road, Morecambe, LA43
£88005/241.14 miVale Road, Lancaster, LA13
£87506/241.14 mi-3
£87505/241.14 miAughton Court, Lancaster, LA13
£75004/251.15 miHeronsyke, Lancaster, LA13
£85001/251.15 mi-3
£92504/241.18 miHampsfell Drive, Westgate3
£1,00004/241.21 miAbram Close, Lancaster3
£2,25004/241.22 mi-3
£1,95001/251.22 mi-3
£80008/241.24 miWestover Street, Morecambe, LA43

Local Area Statistics

Population in LA4

26,244

Population in Morecambe

50,836

Town centre distance

1.13 miles away

Nearest school

0.20 miles away

Nearest train station

0.61 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

March 16, 2025

Listed for £187,000

July 30, 2024

Floor Plans

Description

  • Desirable location +
  • Overlooking Torrisholme Square +
  • Three double bedrooms and a study +
  • Garden +
  • Open plan living/dining room +
  • Modern bathroom +
  • No chain delay +

Offered in the desirable location of Torrisholme this mid-terraced property is deceptively spacious. The accommodation offers a spacious through lounge/diner and well-presented kitchen on the ground floor with under-stairs storage and access to the rear yard space. To the first floor there is a large master bedroom to the front with dual aspect windows offering views across the beautiful square, another bedroom and a lovely four-piece bathroom. To the second floor is one double bedroom, a good size study and a loft space for storage.

Externally the property benefits from a rear yard; space with a shed. To the front is on street parking.

Situated in the sought after location of Torrisholme, walking distance to the parade of shops, takeaways, hair salon and the popular “The George” public house on Torrisholme Road. Regular bus routes to the surrounding Lancaster city and Morecambe town and easy travel links to the M6 via the Bay Gateway.

This property is in great condition and would be prefect for a range of buyers.

Freehold
Council tax band C

Agent Details

Entwistle Green, Morecambe

01524 967563

Next Steps?

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