2 Bed Bungalow, Planning Permission, Morecambe, LA3 2DY, £210,000

Rylstone Drive, Heysham, Morecambe, LA3 2DY - 8 months ago

Planning
~68 m²
+14 photos

ValuationOvervalued

Sold Prices£102K - £270K
Sold Prices/m²£1.4K/m² - £3.5K/m²

 

 

Square Metres

~68.11 m²
Price/m²£3.1K/m²

Value Estimate

£167,760

Investment Opportunity

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£52,500

Stamp Duty & Legal Fees

£7,500

Total Cash In

£60,000

 

 

Cash Out

 

Rent Range

£550 - £1,195

Rent Estimate

£625

Running Costs/mo

£801

Cashflow/mo

£-176

Cashflow/yr

£-2,115

Gross Yield

4%

Local Sold Prices

53 sold prices from £102K to £270K, average is £150K. £1.4K/m² to £3.5K/m², average is £2.5K/m².

PriceDateDistanceAddressBeds 
£160K02/210.05 mi29, Rylstone Drive, Heysham, Morecambe, Lancashire LA3 2DY2
£155K07/210.05 mi74, Rylstone Drive, Heysham, Morecambe, Lancashire LA3 2DY2
£186K08/230.05 mi33, Rylstone Drive, Heysham, Morecambe, Lancashire LA3 2DY2
£145K09/210.07 mi4, Threshfield Avenue, Heysham, Morecambe, Lancashire LA3 2DU2
£147K12/200.12 mi13, Buckden Place, Heysham, Morecambe, Lancashire LA3 2DX2
£210K12/200.19 mi12, Hillsea Avenue, Heysham, Morecambe, Lancashire LA3 2BU2
£155K11/220.22 mi9, Meldon Grange, Heysham, Morecambe, Lancashire LA3 2HH2
£177K02/210.25 mi30, Ridge Grove, Heysham, Morecambe, Lancashire LA3 2JN2
£106.5K11/200.26 mi12, Applegarth Road, Heysham, Morecambe, Lancashire LA3 2HN2
£135K06/230.26 mi12, Mortimer Grove, Heysham, Morecambe, Lancashire LA3 2HW2
£120K12/200.27 mi31, Bleasdale Grove, Heysham, Morecambe, Lancashire LA3 2EX2
£117K04/210.27 mi299, Heysham Road, Heysham, Morecambe, Lancashire LA3 2BA2
£211K09/220.27 mi6, Haverthwaite Avenue, Heysham, Morecambe, Lancashire LA3 2EL2
£155K12/200.28 mi11, Eldon Grove, Heysham, Morecambe, Lancashire LA3 2JW2
£190K05/210.28 mi7, Haverthwaite Avenue, Heysham, Morecambe, Lancashire LA3 2EL2
£195K12/200.29 mi311, Heysham Road, Heysham, Morecambe, Lancashire LA3 2BA2
£125K05/210.31 mi10, Eastlands, Heysham, Morecambe, Lancashire LA3 2HT2
£152K07/230.31 mi23, Eastlands, Heysham, Morecambe, Lancashire LA3 2HT2
£152K07/230.31 mi23, Eastlands, Heysham, Morecambe, Lancashire LA3 2HT2
£149.9K04/230.31 mi74, Meldon Road, Heysham, Morecambe, Lancashire LA3 2HJ2
£139.9K03/210.32 mi8, Ashcroft, Heysham, Morecambe, Lancashire LA3 2AP2
£139.9K03/210.32 mi8, Ashcroft, Heysham, Morecambe, Lancashire LA3 2AP2
£139.9K03/210.32 mi8, Ashcroft, Heysham, Morecambe, Lancashire LA3 2AP2
£118K11/200.32 mi2, Crofters Fold, Heysham, Morecambe, Lancashire LA3 2AH2
£138.9K08/210.33 mi6, Fieldsend, Heysham, Morecambe, Lancashire LA3 2HU2
£134.5K03/210.34 mi76, Oxcliffe Road, Heysham, Morecambe, Lancashire LA3 1LX2
£160K04/210.34 mi72, Oxcliffe Road, Heysham, Morecambe, Lancashire LA3 1LX2
£185K12/220.34 mi90, Oxcliffe Road, Heysham, Morecambe, Lancashire LA3 1LX2
£175K09/220.37 mi8, Edgcott Close, Heysham, Morecambe, Lancashire LA3 2HX2
£132K02/210.37 mi45, Levens Drive, Heysham, Morecambe, Lancashire LA3 1JN2
£151.5K08/210.38 mi42, Dalesview Crescent, Heysham, Morecambe, Lancashire LA3 2JQ2
£129.9K04/210.39 mi4, Harrison Crescent, Heysham, Morecambe, Lancashire LA3 1PX2
£120K01/230.4 mi15, Willacy Parade, Heysham, Morecambe, Lancashire LA3 1LT2
£169.9K08/210.41 mi20, Oxcliffe Avenue, Heysham, Morecambe, Lancashire LA3 1PT2
£173K02/230.44 mi25, Levens Drive, Heysham, Morecambe, Lancashire LA3 1JN2
£102K10/210.45 mi20a, St Patricks Walk, Heysham, Morecambe, Lancashire LA3 2PJ2
£120K01/210.5 mi19, Crimewell Lane, Heysham, Morecambe, Lancashire LA3 2RH2
£145K05/210.54 mi15, Main Street, Heysham, Morecambe, Lancashire LA3 2RN2
£235K09/210.54 miRose Cottage, Manor Courtyard, Main Street, Heysham, Morecambe, Lancashire LA3 2RN2
£250K05/230.54 miManor Cottage, Manor Courtyard, Main Street, Heysham, Morecambe, Lancashire LA3 2RN2
£163K07/230.54 miOld Barn, Main Street, Heysham, Morecambe, Lancashire LA3 2RN2
£120K09/210.62 mi1, Grays Place, Heysham, Morecambe, Lancashire LA3 1JS2
£165.8K05/230.62 mi53, Lordsome Road, Heysham, Morecambe, Lancashire LA3 1JE2
£142K04/210.63 mi3, Ripon Place, Heysham, Morecambe, Lancashire LA3 2RB2
£146K05/230.64 mi32, Laureston Avenue, Heysham, Morecambe, Lancashire LA3 2LU2
£235K11/200.64 mi9a, St Johns Grove, Heysham, Morecambe, Lancashire LA3 1ET2
£270K11/220.69 mi6, Brier Drive, Heysham, Morecambe, Lancashire LA3 2QU2
£190K08/210.7 mi11, Brier Drive, Heysham, Morecambe, Lancashire LA3 2QU2
£116K07/210.7 mi9, Norton Road, Heysham, Morecambe, Lancashire LA3 1HA2
£117K04/210.77 mi12, Manor Grove, Heysham, Morecambe, Lancashire LA3 1JA2
£150K06/230.77 mi1, Manor Grove, Heysham, Morecambe, Lancashire LA3 1JA2
£178K03/210.78 mi4, Sylvan Place, Heysham, Morecambe, Lancashire LA3 2QT2
£129K12/210.82 mi5, Cumberland View Close, Heysham, Morecambe, Lancashire LA3 1HG2

Local Rents

12 rents from £550/mo to £1.2K/mo, average is £735/mo.

RentDateDistanceAddressBeds 
£62804/240.24 mi-2
£1,19504/250.26 mi-2
£95007/240.28 miHale Carr Lane, Heysham, Morecambe2
£67505/240.28 miGilstead Avenue, Heysham, Morecambe, Lancashire2
£62506/240.32 miGFF, Heysham Road, Heysham, Morecambe2
£62507/240.32 miGFF, Heysham Road, Heysham, Morecambe2
£55005/240.37 mi-2
£80004/240.39 miFellside View, Heysham, Morecambe2
£89506/240.48 miThe Cliffs, Heysham, Morecambe, LA32
£89507/240.48 mi-2
£79508/240.5 miSt James Court, Heysham2
£65008/240.55 miBrambling Drive, Heysham, LA32

Local Area Statistics

Population in LA3

24,587

Population in Morecambe

50,836

Town centre distance

1.76 miles away

Nearest school

0.10 miles away

Nearest train station

1.52 miles away

 

 

Rental growth (12m)

-2%

Sales demand

Buyer's market

Capital growth (5yrs)

+31%

Property History

Listed for £210,000

August 9, 2024

Sold for £155,000

2021

Floor Plans

Description

  • NO CHAIN +
  • TRUE BUNGALOW +
  • TWO BEDROOMS +
  • LARGE ATTIC ROOM WITH PULL DOWN LADDER +
  • OPEN PLAN LOUNGE & DINING ROOM +
  • GARAGE +
  • OFF ROAD PARKING +
  • SUMMER HOUSE +
  • EXCELLENT LOCAL AMENITIES +
  • POPULAR AREA +

Charming Two-Bedroom Semi-Detached True Bungalow with Conversion Potential in a Sought-After Location

Discover the potential of this delightful two-bedroom semi-detached bungalow, ideally situated in a popular area known for its excellent local amenities and proximity to Heysham Village and the scenic shore. With its array of desirable features and immense potential for expansion, this home is perfect for those looking to personalise their space.

Key Features:

Spacious Accommodation: Two well-proportioned bedrooms provide comfortable living spaces, perfect for individuals, couples, or small families.
Large Attic Room: Offers the potential to convert into additional living space, subject to necessary planning permissions, ideal for a home office, playroom, or extra bedroom.
Convenient Garage and Off-Road Parking: Ensures ample space for vehicles and additional storage, adding convenience and security.

Property Description:
This semi-detached bungalow captures the essence of comfortable living with its practical layout and inviting atmosphere. The living spaces are complemented by natural light, creating a warm and welcoming environment.

Outside, the property features a beautifully kept front and side garden that sets a serene tone for the home. The rear of the house includes a garage, low maintenance garden, a summerhouse and a private driveway.
Enjoy the best of both worlds with easy access to urban conveniences and natural beauty. The property’s location offers a peaceful retreat with easy access to the shore, ideal for leisurely walks and enjoying the outdoors.
This bungalow is a rare find that combines potential, location, and charm. Contact us today to schedule a viewing and see how this home could be the perfect fit for your lifestyle and aspirations.

Entrance Hallway - Access to the attic room with a pull-down ladder, carpeted floor, radiator and cupboard housing the gas & electric meters.

Open Plan Lounge/Dining Room - Double-glazed window to the front, feature fireplace with inset gas fire, carpeted floor, radiator, dining area with access to the kitchen and built-in storage cupboard.

Kitchen - Double-glazed window to the side, range of matching wall and base units, ceramic sink, four plate electric hob and extractor hood, integrated electric oven and grill, plumbing for dishwasher, new integrated fridge/freezer, tiled floor, radiator, door to the garden.

Bedroom One - Double-glazed window to the front, carpeted floor, radiator.

Bedroom Two - Double-glazed window to the rear, built-in wardrobes, carpeted floor, radiator.

Bathroom - Double-glazed frosted window to the rear, bath with shower attachment, shower cubicle with thermostatic shower, vanity unit with inset wash hand basin, extractor fan, heated towel rail, laminate floor, W.C.

Attic Room - Accessed from the hallway with a pull-down ladder, double-glazed velux window, carpeted floor, radiator, door to walk in under eaves storage room housing the Worcester combi boiler.

Outside - Pretty front and side gardens with raised flower beds and a gate to access the rear. Low maintenance rear garden with a patio area and summer house, a side door provided access to the garage and utility area. Additionally, the property includes a private driveway with off-road parking, secured by gates leading to the road., offering both convenience and added security.

Garage - Up & over door, power and light, utility area with plumbing for washing machine.

Useful Information - Tenure Freehold
Council Tax Band ( B) £1756.26
No Onward Chain
Bathroom 1 year old, new carpets throughout except bedroom two.
Boiler 3 yrs old

Agent Details

Mighty House, Lancaster

01524 967572

Next Steps?

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