2 Bed Bungalow, Planning Permission, Morecambe, LA3 2EG, £185,000

188 Kingsway, Morecambe, Lancashire, LA3 2EG - 6 months ago

Planning
64 m²
+18 photos

ValuationOvervalued

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

 

 

Square Metres

64 m²
Price/m²£2.9K/m²

Value Estimate

£155,868

Investment Opportunity

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£46,250

Stamp Duty & Legal Fees

£6,750

Total Cash In

£53,000

 

 

Cash Out

 

Rent Range

£625 - £1,195

Rent Estimate

£627

Running Costs/mo

£724

Cashflow/mo

£-97

Cashflow/yr

£-1,158

Gross Yield

4%

Local Sold Prices

53 sold prices from £102K to £270K, average is £149.9K. £1.4K/m² to £3.1K/m², average is £2.4K/m².

PriceDateDistanceAddressBeds 
£151.5K08/210.06 mi42, Dalesview Crescent, Heysham, Morecambe, Lancashire LA3 2JQ2
£211K09/220.08 mi6, Haverthwaite Avenue, Heysham, Morecambe, Lancashire LA3 2EL2
£190K05/210.08 mi7, Haverthwaite Avenue, Heysham, Morecambe, Lancashire LA3 2EL2
£175K09/220.13 mi8, Edgcott Close, Heysham, Morecambe, Lancashire LA3 2HX2
£138.9K08/210.14 mi6, Fieldsend, Heysham, Morecambe, Lancashire LA3 2HU2
£102K10/200.17 mi15, Eastlands, Heysham, Morecambe, Lancashire LA3 2HT2
£125K05/210.17 mi10, Eastlands, Heysham, Morecambe, Lancashire LA3 2HT2
£152K07/230.17 mi23, Eastlands, Heysham, Morecambe, Lancashire LA3 2HT2
£152K07/230.17 mi23, Eastlands, Heysham, Morecambe, Lancashire LA3 2HT2
£177K02/210.19 mi30, Ridge Grove, Heysham, Morecambe, Lancashire LA3 2JN2
£149.9K04/230.2 mi74, Meldon Road, Heysham, Morecambe, Lancashire LA3 2HJ2
£155K12/200.21 mi11, Eldon Grove, Heysham, Morecambe, Lancashire LA3 2JW2
£210K12/200.22 mi12, Hillsea Avenue, Heysham, Morecambe, Lancashire LA3 2BU2
£147K12/200.23 mi13, Buckden Place, Heysham, Morecambe, Lancashire LA3 2DX2
£155K11/220.23 mi9, Meldon Grange, Heysham, Morecambe, Lancashire LA3 2HH2
£106.5K11/200.25 mi12, Applegarth Road, Heysham, Morecambe, Lancashire LA3 2HN2
£135K06/230.26 mi12, Mortimer Grove, Heysham, Morecambe, Lancashire LA3 2HW2
£145K09/210.28 mi4, Threshfield Avenue, Heysham, Morecambe, Lancashire LA3 2DU2
£146K05/230.34 mi32, Laureston Avenue, Heysham, Morecambe, Lancashire LA3 2LU2
£160K02/210.4 mi29, Rylstone Drive, Heysham, Morecambe, Lancashire LA3 2DY2
£155K07/210.4 mi74, Rylstone Drive, Heysham, Morecambe, Lancashire LA3 2DY2
£186K08/230.4 mi33, Rylstone Drive, Heysham, Morecambe, Lancashire LA3 2DY2
£142K04/210.4 mi3, Ripon Place, Heysham, Morecambe, Lancashire LA3 2RB2
£102K10/210.44 mi20a, St Patricks Walk, Heysham, Morecambe, Lancashire LA3 2PJ2
£120K01/210.47 mi19, Crimewell Lane, Heysham, Morecambe, Lancashire LA3 2RH2
£132.5K09/210.55 mi7, Barry Grove, Heysham, Morecambe, Lancashire LA3 2SR2
£139.9K03/210.55 mi8, Ashcroft, Heysham, Morecambe, Lancashire LA3 2AP2
£139.9K03/210.55 mi8, Ashcroft, Heysham, Morecambe, Lancashire LA3 2AP2
£139.9K03/210.55 mi8, Ashcroft, Heysham, Morecambe, Lancashire LA3 2AP2
£270K11/220.55 mi6, Brier Drive, Heysham, Morecambe, Lancashire LA3 2QU2
£235K09/210.56 miRose Cottage, Manor Courtyard, Main Street, Heysham, Morecambe, Lancashire LA3 2RN2
£250K05/230.56 miManor Cottage, Manor Courtyard, Main Street, Heysham, Morecambe, Lancashire LA3 2RN2
£163K07/230.56 miOld Barn, Main Street, Heysham, Morecambe, Lancashire LA3 2RN2
£190K08/210.56 mi11, Brier Drive, Heysham, Morecambe, Lancashire LA3 2QU2
£145K05/210.56 mi15, Main Street, Heysham, Morecambe, Lancashire LA3 2RN2
£118K11/200.57 mi2, Crofters Fold, Heysham, Morecambe, Lancashire LA3 2AH2
£120K12/200.61 mi31, Bleasdale Grove, Heysham, Morecambe, Lancashire LA3 2EX2
£117K04/210.61 mi299, Heysham Road, Heysham, Morecambe, Lancashire LA3 2BA2
£195K12/200.63 mi311, Heysham Road, Heysham, Morecambe, Lancashire LA3 2BA2
£178K03/210.64 mi4, Sylvan Place, Heysham, Morecambe, Lancashire LA3 2QT2
£134.5K03/210.65 mi76, Oxcliffe Road, Heysham, Morecambe, Lancashire LA3 1LX2
£160K04/210.65 mi72, Oxcliffe Road, Heysham, Morecambe, Lancashire LA3 1LX2
£185K12/220.66 mi90, Oxcliffe Road, Heysham, Morecambe, Lancashire LA3 1LX2
£132K02/210.69 mi45, Levens Drive, Heysham, Morecambe, Lancashire LA3 1JN2
£129.9K04/210.74 mi4, Harrison Crescent, Heysham, Morecambe, Lancashire LA3 1PX2
£120K01/230.74 mi15, Willacy Parade, Heysham, Morecambe, Lancashire LA3 1LT2
£173K02/230.75 mi25, Levens Drive, Heysham, Morecambe, Lancashire LA3 1JN2
£169.9K08/210.76 mi20, Oxcliffe Avenue, Heysham, Morecambe, Lancashire LA3 1PT2
£191.5K05/230.82 mi19, Rothesay Road, Heysham, Morecambe, Lancashire LA3 2UR2
£142K04/210.9 mi33, Oakville Road, Heysham, Morecambe, Lancashire LA3 2TB2
£110K10/210.92 mi42, Mcdonald Road, Heysham, Morecambe, Lancashire LA3 2UX2
£165.8K05/230.95 mi53, Lordsome Road, Heysham, Morecambe, Lancashire LA3 1JE2
£120K09/210.96 mi1, Grays Place, Heysham, Morecambe, Lancashire LA3 1JS2

Local Rents

14 rents from £625/mo to £1.2K/mo, average is £675/mo.

RentDateDistanceAddressBeds 
£80004/240.1 miFellside View, Heysham, Morecambe2
£65008/240.21 miBrambling Drive, Heysham, LA32
£62804/240.23 mi-2
£62506/240.25 miGFF, Heysham Road, Heysham, Morecambe2
£62507/240.25 miGFF, Heysham Road, Heysham, Morecambe2
£67505/240.26 miGilstead Avenue, Heysham, Morecambe, Lancashire2
£79508/240.34 miSt James Court, Heysham2
£82505/240.35 mi26 Laureston Avenue, Heysham, Morecambe, LA3 2LU2
£65007/240.4 miSkylark Close, Heysham, Morecambe2
£67507/240.4 miSkylark Close, Heysham, Morecambe2
£69505/240.43 miTurnstone Court, Greenfinch Way, Heysham, Morecambe2
£67504/240.43 mi16 Middleton Road, Heysham, LA32
£95007/240.56 miHale Carr Lane, Heysham, Morecambe2
£1,19504/250.6 mi-2

Local Area Statistics

Population in LA3

24,587

Population in Morecambe

50,836

Town centre distance

1.99 miles away

Nearest school

0.40 miles away

Nearest train station

1.32 miles away

 

 

Rental growth (12m)

-2%

Sales demand

Buyer's market

Capital growth (5yrs)

+31%

Property History

Listed for £185,000

October 4, 2024

Sold for £107,000

2014

Sold for £37,000

1997

Floor Plans

Description

Located in the seaside village of Heysham, this two bedroom semi detached bungalow is certain to excite many. Offering purchasers a blank canvas to create a home they truly desire, this beautiful property has ample scope to convert into the loft space (subject to relevant planning permission) and extend. With two generous bedrooms, a spacious kitchen diner and a welcoming living area. Outside the property offers off road parking, a large tiered garden with a delightful patio area perfect for enjoying a morning cuppa and a garage.

Located at the end of Kingsway, Heysham itself is a vibrant village with a busy community. With historic areas such as Heysham village and the Morecambe promenade a 5 minute driveway, stunning scenery surrounds this home. The Bay Gateway provides access to the M6 motorway making commuting less of a chore and with junior and secondary schools close by, this could easily be a family home or perfect for those looking to downsize, yet retain space for the family to visit.

Layout (With Approx. Dimensions) -

Ground Floor -

Kitchen Diner - 4.65 x 2.34 (15'3" x 7'8") - Fitted with a UPVC double glazed entrance door, this spacious room is fitting 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 freestanding cooker with a four ring gas hob and extractor above. With under counter space for a fridge, a freezer and plumbing for washing machine. With two UPVC double glazed windows and a radiator. A wall mounted Baxi gas central heating boiler can be found, as well as ample space for a dining table.

Living Room - 4.65 x 3.18 (15'3" x 10'5") - Fitted with a wall mounted feature electric fireplace and a large UPVC double glazed window, allowing natural light to fill the room, overlooking the front garden. With coving to the ceiling, two wall lights and a radiator.

Inner Hall - With access to a loft space and a radiator.

Bathroom - 2.03 x 1.95 (6'7" x 6'4") - Fitted with a three-piece suite comprising a WC, a wash hand basin and a walk-in bath with assisted seat, a shower over and tiled surround. With a UPVC double glazed frosted window and radiator.

Bedroom One - 4.73 x 2.52 (15'6" x 8'3") - A bright and spacious room fitted with a range of built-in wardrobes and a cupboard, housing a hot water cylinder. With a UPVC double glazed window overlooking the rear private garden, coving to the ceiling and a radiator. There is ample space in this room to provide an access space, should a purchaser wish to convert the loft space into living space, subject to the necessary planning permission.

Bedroom Two - 3.10 x 3.02 (10'2" x 9'10") - Fitted with a UPVC double glazed door and matching window, providing access to the rear garden. This versatile room is currently used as the Vendors dining room, where they enjoy views across their garden. Fitted with a radiator.

Outside - To the front of the property, a block paved driveway can be found leading to a detached garage. There is also an additional paved parking area and planted borders with mature trees and shrubs to the front. To the rear of the property , a laid to lawn tiered garden can be found, with beautifully planted borders, including hydrangeas, rose bushes and herbs including thyme. With a paved patio area providing an excellent space to sit out and enjoy a morning coffee and canopy area perfect for rainy days, Steps lead up onto an additional patio area providing the perfect space to sit out and entertain friends and family. There is also access to the side and driveway for the property via a UPVC external door.

Garage - 5.25 x 2.35 (17'2" x 7'8") - Fitted with an up and over door, this provides buyers with an excellent safe storage area.

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

Council Tax - Band B - 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.

Agent Details

Houseclub, Lancaster

01524 969718

Next Steps?

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

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