7 Bed Terraced House, Single Let, Morecambe, LA3 1RW, £159,950

Alexandra Road, Morecambe, LA3 1RW - 3 views - 8 months ago

BTL
ROI: 2%
~217 m²
+7 photos

ValuationUndervalued

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

 

 

Square Metres

~217 m²
Price/m²£737/m²

Value Estimate

£198,338
BMV24%

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£39,988

Stamp Duty & Legal Fees

£5,999

Total Cash In

£45,986

 

 

Cash Out

 

Rent Range

£750 - £1,550

Rent Estimate

£750

Running Costs/mo

£670

Cashflow/mo

£80

Cashflow/yr

£962

ROI

2%

Gross Yield

6%

Local Sold Prices

41 sold prices from £77K to £595K, average is £169K. £527/m² to £6K/m², average is £1.3K/m².

PriceDateDistanceAddressBeds 
£80K02/210.03 mi12, Brunswick Road, Heysham, Morecambe, Lancashire LA3 1RU4
£125K06/230.07 mi17, Marlborough Road, Heysham, Morecambe, Lancashire LA3 1TL4
£155K01/230.09 mi192, Westminster Road, Morecambe, Lancashire LA3 1UN4
£125K04/210.11 mi114, Sefton Road, Heysham, Morecambe, Lancashire LA3 1UE4
£105K09/210.13 mi25, Cavendish Road, Heysham, Morecambe, Lancashire LA3 1TX4
£132K02/210.14 mi23, Stanley Road, Heysham, Morecambe, Lancashire LA3 1UP4
£169K01/230.17 mi4, Mears Beck Close, Heysham, Morecambe, Lancashire LA3 1UX4
£158K07/210.23 mi67, Granville Road, Heysham, Morecambe, Lancashire LA3 1ED4
£95K06/230.24 mi75, Westminster Road, Morecambe, Lancashire LA4 4JE4
£140K09/210.27 mi7, Norton Avenue, Heysham, Morecambe, Lancashire LA3 1HE4
£147K08/210.27 mi8, Norton Avenue, Heysham, Morecambe, Lancashire LA3 1HE4
£160K10/210.27 mi16, Norton Avenue, Heysham, Morecambe, Lancashire LA3 1HE4
£95K04/210.27 mi18, Norton Avenue, Heysham, Morecambe, Lancashire LA3 1HE4
£177K05/210.28 mi72, Albert Road, Morecambe, Lancashire LA4 4HY4
£90K06/210.31 mi37, Clarendon Road East, Morecambe, Lancashire LA4 4HR4
£77K11/200.33 mi16, Scott Road, Morecambe, Lancashire LA3 1AJ4
£217.5K02/210.33 mi36, St Johns Road, Heysham, Morecambe, Lancashire LA3 1EX4
£181K01/230.34 mi34, Westminster Road, Morecambe, Lancashire LA4 4JD4
£430K11/220.34 mi18, St Johns Grove, Heysham, Morecambe, Lancashire LA3 1ET4
£185K01/210.38 mi11, Chatsworth Road, Morecambe, Lancashire LA4 4JG4
£138K04/210.43 mi4, Rydal Grove, Heysham, Morecambe, Lancashire LA3 1DU4
£325K04/210.49 mi124, Sandylands Promenade, Heysham, Morecambe, Lancashire LA3 1NS4
£206K02/210.51 mi91, Norton Road, Heysham, Morecambe, Lancashire LA3 1PG4
£280K06/210.62 mi12, Woodhill Close, Morecambe, Lancashire LA4 4PG4
£350K03/230.69 mi19, The Cliffs, Heysham, Morecambe, Lancashire LA3 1NY4
£595K01/230.7 miWhittam House, Oxcliffe Road, Heaton With Oxcliffe, Morecambe, Lancashire LA3 3EG4
£292.5K02/210.7 mi25, Twemlow Parade, Heysham, Morecambe, Lancashire LA3 1PD4
£159.9K03/210.71 mi27, Woodhill Lane, Morecambe, Lancashire LA4 4NL4
£230K04/210.73 mi14, Stansey Avenue, Heysham, Morecambe, Lancashire LA3 2AF4
£180K09/210.77 mi41, Crofters Fold, Heysham, Morecambe, Lancashire LA3 2AH4
£215K06/210.78 mi160, West End Road, Morecambe, Lancashire LA4 4EF4
£295K06/230.79 mi299, Heysham Road, Heysham, Morecambe, Lancashire LA3 2BA4
£235K04/210.81 mi1, Wentworth Crescent, Morecambe, Lancashire LA3 3NZ4
£479.9K06/230.84 mi39, Twemlow Parade, Heysham, Morecambe, Lancashire LA3 2AJ4
£205K10/210.88 mi50, Battismore Road, Morecambe, Lancashire LA4 4QG4
£139.9K11/200.93 mi8, Hestham Parade, Morecambe, Lancashire LA4 4QE4
£83K03/210.94 mi186, Euston Grove, Morecambe, Lancashire LA4 5LJ4
£115K09/210.95 mi215, Euston Grove, Morecambe, Lancashire LA4 5LH4
£95K04/210.96 mi22, Central Drive, Morecambe, Lancashire LA4 5JU4
£180K01/210.99 mi10, Burnsall Avenue, Heysham, Morecambe, Lancashire LA3 2DT4
£375K01/231 mi26, Hampsfell Drive, Morecambe, Lancashire LA4 4TT4

Local Rents

20 rents from £750/mo to £1.6K/mo, average is £925/mo.

RentDateDistanceAddressBeds 
£75012/230.1 mi-3
£89505/240.15 miHampton Road, Heysham3
£82507/240.18 miHampton Road, Heysham, Morecambe4
£95004/240.22 miCumberland View Road, Heysham, Morecambe3
£95005/240.24 miClarendon Road, Morecambe3
£95008/240.27 miChatsworth Road, Morecambe, Lancashire, LA43
£1,25012/230.27 mi-4
£77507/240.28 miBalmoral Road, Morecambe, Lancashire, LA43
£89908/240.28 miAlbert Road, Morecambe, Lancashire, LA43
£89908/240.28 miAlbert Road, Morecambe, Lancashire, LA43
£95008/240.29 miChatsworth Road, Morecambe, Lancashire, LA43
£95008/240.29 miChatsworth Road, Morecambe, Lancashire, LA43
£99505/240.32 miWest End4
£75005/240.32 miWest End, Morecambe, LA43
£75005/240.32 miWest End, Morecambe, LA43
£1,55003/240.35 mi-8
£1,20006/240.35 mi-8
£1,25007/240.37 miWestminster Road, Morecambe5
£85004/240.55 miWoodlands Drive, Heysham, Morecambe3
£80004/240.59 miHawksworth Grove, Heysham4

Local Area Statistics

Population in LA3

24,587

Population in Morecambe

50,836

Town centre distance

1.06 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 £159,950

August 21, 2024

Floor Plans

Description

  • VIRTUAL VIEWING AVAILABLE. CLICK ON THE VIDEO TOUR ABOVE +
  • Seven Bedroom Mid Terrace Property In Morecambe +
  • Lounge, Dining Room, Kitchen, Plus Rear Yard +
  • Seven Good Size Bedrooms, Bathroom & WC +
  • Great Location, Close to Local Amenities And Transport Links +

We are pleased to offer for sale a seven bedroom mid terraced house located in a popular residential location of Morecambe

The accommodation comprises on the ground floor; two reception rooms and spacious kitchen with access to the rear yard.

There are seven good size bedrooms split over three floors and a family bathroom.

The property benefits from gas central heating and double glazing.

There is a good sized cellar, a yard with wall surround and on street parking.

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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