2 Bed Bungalow, Refurb/BRRR, Morecambe, LA3 2UA, £215,000

18 Berwick Way, Heysham, LA3 2UA - 7 months ago

Refurb/BRRR
52 m²
+12 photos

ValuationOvervalued

Sold Prices£102K - £270K
Sold Prices/m²£1.4K/m² - £3.1K/m²

 

 

Square Metres

52 m²
Price/m²£4.1K/m²

Value Estimate

£123,250

 

 

End Value (After Refurb)

£175,000

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£53,750

Stamp Duty & Legal Fees

£11,950

Refurb Costs

£21,024

Bridging Loan Interest

£5,644

Total Cash In

£94,117

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£175,000

Mortgage (After Refinance)

£131,250

Mortgage LTV

75%

Cash Left In

£94,117

Equity

£43,750

Rent Range

£600 - £825

Rent Estimate

£735

Running Costs/mo

£714

Cashflow/mo

£21

Cashflow/yr

£254

ROI

0%

Gross Yield

4%

Local Sold Prices

51 sold prices from £102K to £270K, average is £149.9K. £1.4K/m² to £3.1K/m², average is £2.5K/m².

PriceDateDistanceAddressBeds 
£120K01/210.11 mi19, Crimewell Lane, Heysham, Morecambe, Lancashire LA3 2RH2
£270K11/220.13 mi6, Brier Drive, Heysham, Morecambe, Lancashire LA3 2QU2
£190K08/210.13 mi11, Brier Drive, Heysham, Morecambe, Lancashire LA3 2QU2
£102K10/210.15 mi20a, St Patricks Walk, Heysham, Morecambe, Lancashire LA3 2PJ2
£235K09/210.2 miRose Cottage, Manor Courtyard, Main Street, Heysham, Morecambe, Lancashire LA3 2RN2
£250K05/230.2 miManor Cottage, Manor Courtyard, Main Street, Heysham, Morecambe, Lancashire LA3 2RN2
£163K07/230.2 miOld Barn, Main Street, Heysham, Morecambe, Lancashire LA3 2RN2
£142K04/210.21 mi3, Ripon Place, Heysham, Morecambe, Lancashire LA3 2RB2
£145K05/210.21 mi15, Main Street, Heysham, Morecambe, Lancashire LA3 2RN2
£178K03/210.22 mi4, Sylvan Place, Heysham, Morecambe, Lancashire LA3 2QT2
£155K12/200.31 mi11, Eldon Grove, Heysham, Morecambe, Lancashire LA3 2JW2
£146K05/230.34 mi32, Laureston Avenue, Heysham, Morecambe, Lancashire LA3 2LU2
£177K02/210.35 mi30, Ridge Grove, Heysham, Morecambe, Lancashire LA3 2JN2
£210K12/200.39 mi12, Hillsea Avenue, Heysham, Morecambe, Lancashire LA3 2BU2
£151.5K08/210.4 mi42, Dalesview Crescent, Heysham, Morecambe, Lancashire LA3 2JQ2
£190K05/210.43 mi7, Haverthwaite Avenue, Heysham, Morecambe, Lancashire LA3 2EL2
£211K09/220.43 mi6, Haverthwaite Avenue, Heysham, Morecambe, Lancashire LA3 2EL2
£132.5K09/210.48 mi7, Barry Grove, Heysham, Morecambe, Lancashire LA3 2SR2
£147K12/200.52 mi13, Buckden Place, Heysham, Morecambe, Lancashire LA3 2DX2
£145K09/210.53 mi4, Threshfield Avenue, Heysham, Morecambe, Lancashire LA3 2DU2
£175K09/220.58 mi8, Edgcott Close, Heysham, Morecambe, Lancashire LA3 2HX2
£191.5K05/230.59 mi19, Rothesay Road, Heysham, Morecambe, Lancashire LA3 2UR2
£138.9K08/210.59 mi6, Fieldsend, Heysham, Morecambe, Lancashire LA3 2HU2
£160K02/210.6 mi29, Rylstone Drive, Heysham, Morecambe, Lancashire LA3 2DY2
£155K07/210.6 mi74, Rylstone Drive, Heysham, Morecambe, Lancashire LA3 2DY2
£186K08/230.6 mi33, Rylstone Drive, Heysham, Morecambe, Lancashire LA3 2DY2
£102K10/200.61 mi15, Eastlands, Heysham, Morecambe, Lancashire LA3 2HT2
£125K05/210.61 mi10, Eastlands, Heysham, Morecambe, Lancashire LA3 2HT2
£152K07/230.61 mi23, Eastlands, Heysham, Morecambe, Lancashire LA3 2HT2
£152K07/230.61 mi23, Eastlands, Heysham, Morecambe, Lancashire LA3 2HT2
£155K11/220.63 mi9, Meldon Grange, Heysham, Morecambe, Lancashire LA3 2HH2
£110K10/210.63 mi42, Mcdonald Road, Heysham, Morecambe, Lancashire LA3 2UX2
£149.9K04/230.64 mi74, Meldon Road, Heysham, Morecambe, Lancashire LA3 2HJ2
£106.5K11/200.66 mi12, Applegarth Road, Heysham, Morecambe, Lancashire LA3 2HN2
£135K06/230.67 mi12, Mortimer Grove, Heysham, Morecambe, Lancashire LA3 2HW2
£142K04/210.69 mi33, Oakville Road, Heysham, Morecambe, Lancashire LA3 2TB2
£117K04/210.7 mi299, Heysham Road, Heysham, Morecambe, Lancashire LA3 2BA2
£195K12/200.71 mi311, Heysham Road, Heysham, Morecambe, Lancashire LA3 2BA2
£120K12/200.8 mi31, Bleasdale Grove, Heysham, Morecambe, Lancashire LA3 2EX2
£129.9K04/210.87 mi4, Harrison Crescent, Heysham, Morecambe, Lancashire LA3 1PX2
£139.9K03/210.88 mi8, Ashcroft, Heysham, Morecambe, Lancashire LA3 2AP2
£139.9K03/210.88 mi8, Ashcroft, Heysham, Morecambe, Lancashire LA3 2AP2
£139.9K03/210.88 mi8, Ashcroft, Heysham, Morecambe, Lancashire LA3 2AP2
£169.9K08/210.88 mi20, Oxcliffe Avenue, Heysham, Morecambe, Lancashire LA3 1PT2
£118K11/200.88 mi2, Crofters Fold, Heysham, Morecambe, Lancashire LA3 2AH2
£134.5K03/210.9 mi76, Oxcliffe Road, Heysham, Morecambe, Lancashire LA3 1LX2
£160K04/210.9 mi72, Oxcliffe Road, Heysham, Morecambe, Lancashire LA3 1LX2
£185K12/220.9 mi90, Oxcliffe Road, Heysham, Morecambe, Lancashire LA3 1LX2
£120K01/230.92 mi15, Willacy Parade, Heysham, Morecambe, Lancashire LA3 1LT2
£132K02/210.92 mi45, Levens Drive, Heysham, Morecambe, Lancashire LA3 1JN2
£173K02/231 mi25, Levens Drive, Heysham, Morecambe, Lancashire LA3 1JN2

Local Rents

12 rents from £600/mo to £825/mo, average is £675/mo.

RentDateDistanceAddressBeds 
£79508/240.12 miSt James Court, Heysham2
£67504/240.2 mi16 Middleton Road, Heysham, LA32
£62506/240.26 miGFF, Heysham Road, Heysham, Morecambe2
£62507/240.26 miGFF, Heysham Road, Heysham, Morecambe2
£82505/240.35 mi26 Laureston Avenue, Heysham, Morecambe, LA3 2LU2
£80004/240.36 miFellside View, Heysham, Morecambe2
£60004/240.4 miPennington Court2
£65007/240.42 miSkylark Close, Heysham, Morecambe2
£67507/240.42 miSkylark Close, Heysham, Morecambe2
£65008/240.42 miBrambling Drive, Heysham, LA32
£69505/240.47 miTurnstone Court, Greenfinch Way, Heysham, Morecambe2
£79505/240.62 miMcdonald Road, Heysham2

Local Area Statistics

Population in LA3

24,587

Population in Morecambe

50,836

Town centre distance

2.33 miles away

Nearest school

0.10 miles away

Nearest train station

0.96 miles away

 

 

Rental growth (12m)

-2%

Sales demand

Buyer's market

Capital growth (5yrs)

+31%

Property History

Price changed to £215,000

March 28, 2025

Listed for £220,000

August 30, 2024

Floor Plans

Description

  • Detached Bungalow +
  • Two Bedrooms +
  • One Reception Room +
  • Fitted Kitchen +
  • Three Piece Shower ROom +
  • Enclosed Low Maintenance Garden +
  • Off Road Parking And Garage +
  • Freehold +
  • Council Tax Band: C +
  • EPC Rating: D +

A CHARMING TWO BEDROOM TRUE BUNGALOW WITH GARAGE

Nestled in the desirable Berwick Way of Heysham, this charming two-bedroom detached bungalow is a true gem. Boasting a cozy reception room, two bedrooms, and a well-kept shower room, this property offers comfortable single-storey living.

With its beautifully maintained interior, this bungalow is ready to be moved into, saving you the hassle of renovations. The low-maintenance private gardens provide a tranquil outdoor space perfect for relaxing or entertaining.

Complete with a single garage, this property is ideal for a single occupant or a couple seeking a peaceful retreat. Don't miss the opportunity to make this delightful bungalow your new home sweet home in Heysham.

Ground Floor -

Hall - 2.24m x 0.89m (7'4 x 2'11) - UPVC double glazed frosted entrance door, wood effect flooring, door to reception room and concertina door to kitchen.

Reception Room - 4.14m x 3.48m (13'7 x 11'5) - UPVC double glazed window, central heating radiator, ceiling rose, coving, TV point, remote control electric fire and door to inner hall.

Kitchen - 3.15m x 2.24m (10'4 x 7'4) - UPVC double glazed window, mixture of wall and base units, laminate worktops, space for freestanding cooker, extractor fan, stainless steel splash back, one and half bowl stainless steel sink with draining board and mixer tap, plumbing for washing machine, space for fridge freezer, enclosed Baxi boiler and wood effect flooring.

Inner Hall - 1.91m x 0.79m (6'3 x 2'7) - Loft access and doors to two bedrooms, shower room and airing cupboard.

Bedroom One - 3.68m x 2.51m (12'1 x 8'3) - UPVC double glazed window, central heating radiator and fitted wardrobes.

Bedroom Two - 3.20m x 2.29m (10'6 x 7'6) - UPVC double glazed window and central heating radiator.

Shower Room - 2.29m x 1.85m (7'6 x 6'1) - UPVC double glazed frosted window, central heating radiator, low level WC, vanity top wash basin with mixer tap, corner direct feed shower, extractor fan, part tiled elevation and wood effect flooring.

External -

Front - Bedding areas, paving and tarmac drive leading to garage.

Rear - Paved areas, gravel chip bedding areas, storage, vegetable garden and mature trees.

Agent Details

GF Property Sales and Lettings, Morecambe

01524 967798

Next Steps?

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