4 Bed Detached House, Planning Permission, Morecambe, LA4 5XY, £495,000

Broadway, Morecambe, LA4 5XY - 9 months ago

Planning
~129 m²
+18 photos

ValuationOvervalued

Sold Prices£79K - £607K
Sold Prices/m²£653/m² - £3.5K/m²

 

 

Square Metres

~129.26 m²
Price/m²£3.8K/m²

Value Estimate

£248,630

 

 

End Value (After Refurb)

£316,118

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£123,750

Stamp Duty & Legal Fees

£28,300

Refurb Costs

£52,241

Bridging Loan Interest

£12,994

Total Cash In

£219,035

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£316,118

Mortgage (After Refinance)

£237,089

Mortgage LTV

75%

Cash Left In

£219,035

Equity

£79,030

Rent Range

£775 - £2,000

Rent Estimate

£1,165

Running Costs/mo

£1,241

Cashflow/mo

£-76

Cashflow/yr

£-910

Gross Yield

3%

Local Sold Prices

50 sold prices from £79K to £607K, average is £255K. £653/m² to £3.5K/m², average is £2K/m².

PriceDateDistanceAddressBeds 
£220K11/200.15 mi1, Lathom Grove, Morecambe, Lancashire LA4 5XT4
£190K06/230.24 mi15, Langdale Road, Morecambe, Lancashire LA4 5XA4
£275K11/200.24 mi10, Farnlea Drive, Morecambe, Lancashire LA4 6JU4
£363K11/200.25 mi78, South Road, Morecambe, Lancashire LA4 6JR4
£180K07/210.27 mi30, South Grove, Morecambe, Lancashire LA4 5RL4
£79K01/210.27 mi6, South Grove, Morecambe, Lancashire LA4 5RL4
£79K01/210.27 mi6, South Grove, Morecambe, Lancashire LA4 5RL4
£178K03/210.29 mi15, South Avenue, Morecambe, Lancashire LA4 5RJ4
£379.9K06/220.29 mi5, Brantwood Avenue, Morecambe, Lancashire LA4 6HB4
£607K08/220.3 mi29, Broadway, Morecambe, Lancashire LA4 5BQ4
£240K06/210.34 mi26, Brantwood Avenue, Morecambe, Lancashire LA4 6HB4
£385K03/230.37 mi21, Sulby Grove, Morecambe, Lancashire LA4 6HD4
£165K11/220.38 mi124, Lancaster Road, Morecambe, Lancashire LA4 5QN4
£120K12/200.38 mi9, Cartmel Place, Morecambe, Lancashire LA4 5UT4
£306K12/200.38 mi8, Lonsdale Avenue, Morecambe, Lancashire LA4 6RX4
£500K12/220.41 mi69, Bare Lane, Morecambe, Lancashire LA4 6LJ4
£304.5K09/210.42 mi5, Walton Avenue, Morecambe, Lancashire LA4 6SQ4
£380K10/220.43 mi17, St Margarets Road, Morecambe, Lancashire LA4 6EF4
£255.7K04/230.46 mi24, Bare Avenue, Morecambe, Lancashire LA4 6BE4
£221K01/210.47 mi6, Mattock Crescent, Morecambe, Lancashire LA4 6QT4
£145K12/220.48 mi22, Leyster Street, Morecambe, Lancashire LA4 5NE4
£350K12/220.49 mi35, Queens Drive, Morecambe, Lancashire LA4 6LN4
£161.5K10/220.49 mi13, Cross Street, Morecambe, Lancashire LA4 5ND4
£151K05/230.51 mi25, Cross Street, Morecambe, Lancashire LA4 5ND4
£252.5K11/200.51 mi6, Homfray Avenue, Morecambe, Lancashire LA3 3AG4
£255K04/210.51 mi32, Homfray Avenue, Morecambe, Lancashire LA3 3AG4
£252.5K11/220.53 mi32, Beach Street, Morecambe, Lancashire LA4 6BT4
£263.3K12/220.53 mi42, Victoria Parade, Morecambe, Lancashire LA4 5NZ4
£315K01/230.53 mi1, Hexham Road, Morecambe, Lancashire LA4 6QA4
£171K05/230.6 mi10, Bateman Grove, Morecambe, Lancashire LA4 5TB4
£318K07/230.61 mi18, Elms Drive, Morecambe, Lancashire LA4 6DQ4
£478K10/220.61 mi3, Buseph Drive, Morecambe, Lancashire LA4 6PQ4
£430K03/210.62 mi3, Buseph Drive, Morecambe, Lancashire LA4 6PQ4
£371.5K03/230.65 mi13, Elms Road, Morecambe, Lancashire LA4 6AP4
£240K03/210.66 mi5, Elms Road, Morecambe, Lancashire LA4 6AP4
£125K03/210.66 mi18, King Street, Morecambe, Lancashire LA4 5LP4
£335K05/230.68 mi29, Hyde Road, Morecambe, Lancashire LA4 6NX4
£292.5K09/210.68 mi22, Hyde Road, Morecambe, Lancashire LA4 6NU4
£260K05/210.69 mi14, Hadrian Road, Morecambe, Lancashire LA3 3BX4
£80K12/220.69 mi21, Oxford Street, Morecambe, Lancashire LA4 5JF4
£138K08/210.69 mi7, Oxford Street, Morecambe, Lancashire LA4 5JF4
£395K01/210.7 mi18, Mount Avenue, Morecambe, Lancashire LA4 6DJ4
£375K12/200.7 mi11, Mount Avenue, Morecambe, Lancashire LA4 6DJ4
£420K03/210.7 mi5, Mount Avenue, Morecambe, Lancashire LA4 6DJ4
£127K01/210.72 mi32, Oxford Street, Morecambe, Lancashire LA4 5JG4
£127K01/210.72 mi32, Oxford Street, Morecambe, Lancashire LA4 5JG4
£255K09/210.73 mi3, Foss Court, Morecambe, Lancashire LA3 3BQ4
£139.9K11/200.74 mi8, Hestham Parade, Morecambe, Lancashire LA4 4QE4
£397.5K02/220.74 mi10, Happy Mount Court, Morecambe, Lancashire LA4 6HX4
£200K12/220.75 mi5, Deanpoint, Morecambe, Lancashire LA3 3DJ4

Local Rents

15 rents from £775/mo to £2K/mo, average is £1.1K/mo.

RentDateDistanceAddressBeds 
£1,20007/240.08 miBroadway, Morecambe4
£1,20007/240.08 miBroadway, Morecambe4
£1,30005/240.22 miLichfield Avenue, Bare3
£1,40007/240.26 miBroadway, Morecambe4
£90004/240.4 miMichaelson Avenue, Morecambe, LA43
£1,10006/240.42 miBroadway, Morecambe4
£90004/240.43 miWhitby Road, Morecambe3
£95004/240.47 miThornton Road, Morecambe3
£2,00002/240.5 mi-4
£77504/240.53 miThornton Road, Morecambe, LA43
£95006/240.54 miKayswell Road, Torrisholme, Morecambe3
£85001/250.55 mi-3
£95004/240.57 miPrinces Crescent, Bare, Morecambe4
£1,50005/240.61 miVictoria Parade, Morecambe4
£1,50008/240.61 miVictoria Parade, Morecambe4

Local Area Statistics

Population in LA4

26,244

Population in Morecambe

50,836

Town centre distance

0.61 miles away

Nearest school

0.20 miles away

Nearest train station

0.44 miles away

 

 

Rental demand

Balanced market

Rental growth (12m)

+8%

Sales demand

Balanced market

Capital growth (5yrs)

+28%

Property History

Listed for £495,000

August 3, 2024

Floor Plans

Description

Located in the prestigious Broadway area of Morecambe, this beautifully presented family home has been well loved and maintained throughout its ownership. Stepping through its front door, you are instantly greeted with a sense of warmth and welcoming, with an abundance of space, and occupying a generously sized plot. With two reception rooms, a spacious kitchen diner and four generous sized bedrooms, this detached home provides the perfect backdrop for a forever family home.

The position of this home with appeal to many as it lies within easy reach of a variety of nearby amenities, ranging from local shops, supermarkets and eateries, to highly regarded primary and secondary schools, the coastal town of Morecambe has it all. With breathtaking scenery including scenic walks, and excellent transport links with the Bay Gateway lying a stones throw away, providing access to the M6 motorway in as little as 10 minutes. Simply superb.

Layout (With Approx. Dimensions) -

Ground Floor -

Entrance Hall - Fitted with a UPVC double glazed door with decorative glass detailing and matching windows. With coving to the ceiling, sensor lighting, luxury vinyl wood plank effect flooring and a radiator. With an oak staircase leading to the first floor and a Oak wooden door leading into an integral garage.

Living Room - Fitted with a feature inset living flame gas fire, with a UPVC double glazed window, coving to the ceiling and a radiator.

Wc - Fitted with a two piece suite comprising a WC and a wash hand basin set in a bathroom cabinet. With a UPVC double glazed frosted window and luxury vinyl wood plank effect flooring.

Kitchen - Fitted with a range of wall and base units with a complementary worktop over and a one and a half stainless steel sink unit with mixer tap and drainer. Fitted appliances include a four ring electric hob with extractor above and an oven below. With plumbing dishwasher and space for fridge freezer. With two UPVC double glazed windows, downlighters, coving, wooden laminate flooring and a radiator.

Rear Porch - Of a UPVC double glazed construction, this room provides an additional storage area located at the side of the property, perfect for muddy boots and wet coats, as it has an easy to clean tiled floor.

Sitting Room - A warm and inviting room situated at the back of the property overlooking the rear private garden. With two sets of UPVC double glazed doors with matching side windows, this light and bright room has coving to the ceiling and a radiator.

First Floor Landing - Stairs lead from the Entrance Hall to a spacious first floor. Fitted with a large built-in storage cupboard, with two UPVC double glazed windows and sensor lighting.

Bedroom Two - Fitted with range of built-in wardrobes with a UPVC double glazed window, coving to the ceiling and radiator.

Bedroom One - Fitted with two UPVC double glazed windows, showcasing rooftop views toward Ashton Memorial and Clougha Pike. With coving to the ceiling and a radiator.

Bedroom Three - Fitted with a built-in wardrobe, providing excellent storage. With a UPVC double glazed window showcasing rooftop views toward Ashton Memorial and Clougha Pike, coving to the ceiling and a radiator.

Bedroom Four - With a UPVC double glazed window, coving to the ceiling and a radiator.

Bathroom - Fitted with a four piece suite comprising a WC, wash hand basin, a bath and a corner shower cubical. With a UPVC double glazed frosted window, downlighters, heated towel rail and tiled walls and flooring.

Loft Space - 8.34 x 5.35 (27'4" x 17'6") - A loft hatch with a drop-down ladder can also be found providing access to a large loft space. This space presents a perfect opportunity for conversion, subject to the necessary planning permissions.

Outside - To the front of the property, a large tarmac driveway can be found providing excellent off road parking, perfect for those with large vehicles or a motorhome, leading to an integral garage. A laid to lawn garden can also be found, with planted borders and pathways leading to either side of the property, providing access to the rear garden. To the rear, a low maintenance laid to lawn garden can also be found, with a large paved patio area, secure wooden fencing and planted borders.

Integral Garage - Fitted with an electric roller door, providing excellent security. Housing a gas central heating boiler which was installed approximately two years ago, this useful space has plumbing for a washing machine and space for a tumble dryer. With a UPVC double glazed frosted window, light and power.

Services - Mains electric, mains gas, mains water and mains drainage.

Council Tax - Band E - Lancaster City Council.

Tenure - Freehold.

Viewings - Strictly by appointment with Houseclub Estate Agents, Lancaster.

Energy Performance Certificate - The full Energy Performance Certificate is available on our website or by contacting our hybrid office.

Please Note: - Throughout the home, there are Oak wooden internal doors fitted to each room. In February 2007, plans were passed for a single story extension and although the planning has now lapsed, plans are available should the new purchasers wish to extend. Please contact our office for more information.

Agent Details

Houseclub, Lancaster

01524 969718

Next Steps?

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