3 Bed Semi-Detached House, Refurb/BRRR, Morecambe, LA4 6PT, £130,000

1 Kenyon Road, Morecambe, LA3 3EF - 4 views - 5 months ago

Sold STC
Refurb/BRRR
ROI: 3%
~93 m²
+9 photos

ValuationUndervalued

Sold Prices£95K - £377.5K
Sold Prices/m²£1K/m² - £3.5K/m²

 

 

Square Metres

~93 m²
Price/m²£1.4K/m²

Value Estimate

£133,900
BMV3%

 

 

End Value (After Refurb)

£189,996

Uplift in Value

+46%

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£32,500

Stamp Duty & Legal Fees

£5,100

Refurb Costs

£37,588

Bridging Loan Interest

£3,413

Total Cash In

£80,350

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Estimated Sale Price

£189,996

Agent Fees (1%)

£1,900

Bridging Loan

£97,500

Bridging Loan Interest

£3,413

Flip Profit

£10,246

Local Sold Prices

50 sold prices from £95K to £377.5K, average is £222.5K. £1K/m² to £3.5K/m², average is £2.4K/m².

PriceDateDistanceAddressBeds 
£220K03/220.01 mi1a, Kenyon Road, Morecambe, Lancashire LA4 6PT3
£150K03/210.06 mi18, Kayswell Road, Morecambe, Lancashire LA4 6PX3
£263K07/230.06 mi34, Kayswell Road, Morecambe, Lancashire LA4 6PX3
£225K01/210.11 mi2, High Court, Morecambe, Lancashire LA4 6PF3
£295K07/230.12 mi69, Low Lane, Morecambe, Lancashire LA4 6PP3
£170K07/210.13 mi33, Michaelson Avenue, Morecambe, Lancashire LA4 6SD3
£345.5K01/230.17 mi33, Walton Avenue, Morecambe, Lancashire LA4 6SQ3
£185K02/210.17 mi23, Brampton Drive, Morecambe, Lancashire LA4 6QS3
£210K02/230.17 mi10, Lonsdale Avenue, Morecambe, Lancashire LA4 6RX3
£210K05/230.19 mi28, Walton Avenue, Morecambe, Lancashire LA4 6SH3
£317.5K03/210.2 mi140, Bare Lane, Morecambe, Lancashire LA4 6RS3
£287K12/220.2 mi171, Bare Lane, Morecambe, Lancashire LA4 6RR3
£100K02/210.21 mi393, Lancaster Road, Morecambe, Lancashire LA4 6LZ3
£231.2K04/230.23 mi71, Russell Drive, Morecambe, Lancashire LA4 6NS3
£245K11/200.23 mi12, Pemberton Drive, Morecambe, Lancashire LA4 6SL3
£240.5K02/230.23 mi12, Russell Drive, Morecambe, Lancashire LA4 6NR3
£243K02/210.26 mi117, Bare Lane, Morecambe, Lancashire LA4 6RP3
£259K12/200.26 mi123, Bare Lane, Morecambe, Lancashire LA4 6RP3
£173K01/210.27 mi19, Russell Drive, Morecambe, Lancashire LA4 6NR3
£229K03/210.29 mi23, Lynden Avenue, Morecambe, Lancashire LA4 6TF3
£185K09/210.33 mi37, Norwood Drive, Morecambe, Lancashire LA4 6LT3
£300K02/210.35 mi3, Clifton Drive, Morecambe, Lancashire LA4 6SR3
£298.1K07/210.35 mi7, Clifton Drive, Morecambe, Lancashire LA4 6SR3
£255K03/210.36 mi25, Morecambe Road, Morecambe, Lancashire LA3 3AA3
£175K01/210.37 mi98, Beaufort Road, Morecambe, Lancashire LA4 6UA3
£247K07/210.4 mi1a, Homfray Grove, Morecambe, Lancashire LA3 3AQ3
£172K12/200.4 mi10, Warley Avenue, Morecambe, Lancashire LA3 3AR3
£250K02/230.41 mi17, Homfray Avenue, Morecambe, Lancashire LA3 3AG3
£187K01/210.41 mi287, Lancaster Road, Morecambe, Lancashire LA4 5TP3
£285K05/230.42 mi23, Redwood Drive, Morecambe, Lancashire LA4 6TP3
£377.5K06/210.43 mi119, Broadway, Morecambe, Lancashire LA4 5YA3
£370K03/210.43 mi101, Broadway, Morecambe, Lancashire LA4 5YA3
£158K03/210.43 mi6, The Coppice, Morecambe, Lancashire LA4 6TS3
£265K09/210.45 mi75, South Road, Morecambe, Lancashire LA4 6JR3
£214K12/200.46 mi47, Beaufort Road, Morecambe, Lancashire LA4 6TZ3
£95K05/210.47 mi22, Haweswater Place, Morecambe, Lancashire LA4 5TZ3
£199.9K07/230.47 mi4, The Mews, Morecambe, Lancashire LA4 6TR3
£295K03/210.47 mi76, Broadway, Morecambe, Lancashire LA4 5XY3
£239.2K02/230.49 mi38, Lathom Grove, Morecambe, Lancashire LA4 5XT3
£176.5K11/210.49 mi33, Lathom Grove, Morecambe, Lancashire LA4 5XT3
£110K07/210.49 mi42, Ullswater Avenue, Morecambe, Lancashire LA4 5TY3
£155K07/230.49 mi43, Ullswater Avenue, Morecambe, Lancashire LA4 5TY3
£167.5K04/210.49 mi246, Lancaster Road, Morecambe, Lancashire LA4 5TW3
£182K12/200.5 mi76, Grasmere Road, Morecambe, Lancashire LA4 6EN3
£325K10/210.5 mi14, Lodges Grove, Morecambe, Lancashire LA4 6HE3
£319.9K12/200.51 mi89, Broadway, Morecambe, Lancashire LA4 5XX3
£150K06/210.51 mi259, Lancaster Road, Morecambe, Lancashire LA4 5TN3
£123K02/210.51 mi269, Lancaster Road, Morecambe, Lancashire LA4 5TN3
£205K03/210.52 mi9, Watling Close, Morecambe, Lancashire LA3 3BG3
£205.5K01/210.52 mi18, Lathom Avenue, Morecambe, Lancashire LA4 5XS3

Local Rents

26 rents from £750/mo to £2.3K/mo, average is £888/mo.

RentDateDistanceAddressBeds 
£95006/240.14 miKayswell Road, Torrisholme, Morecambe3
£90004/240.16 miMichaelson Avenue, Morecambe, LA43
£90005/240.18 miDallas Road, Torrisholme, LA43
£1,50007/240.22 miEssex Road, Torrisholme3
£1,30005/240.62 miLichfield Avenue, Bare3
£82506/240.66 miWyre Close, Grosvenor Park, Lancaster, LA33
£92505/240.84 miWatery Lane, Lancaster3
£85004/240.84 miGregareth Close, Lancaster3
£90004/240.93 miWhitby Road, Morecambe3
£95004/240.99 miThornton Road, Morecambe3
£77504/241.03 miThornton Road, Morecambe, LA43
£85002/251.03 mi-3
£87506/241.04 mi-3
£87504/251.04 mi-3
£85006/241.11 miHampsfell Drive, Westgate, Morecambe, Lancashire3
£1,45007/241.13 miMarine Road East, Morecambe, LA43
£2,25004/241.14 mi-3
£1,95001/251.14 mi-3
£80008/241.16 miWestover Street, Morecambe, LA43
£92504/241.18 miHampsfell Drive, Westgate3
£89504/241.2 miHestham Avenue, Morecambe3
£87505/241.21 miClare Road, Lancaster, LA13
£87506/241.22 mi-3
£87505/241.22 miAughton Court, Lancaster, LA13
£75003/251.22 miHeronsyke, Lancaster, LA13
£88005/241.23 miVale Road, Lancaster, LA13

Local Area Statistics

Population in LA4

26,244

Population in Morecambe

50,836

Town centre distance

1.09 miles away

Nearest school

0.50 miles away

Nearest train station

0.45 miles away

 

 

Rental demand

Balanced market

Rental growth (12m)

+8%

Sales demand

Balanced market

Capital growth (5yrs)

+28%

Property History

Listed for £130,000

October 30, 2024

Floor Plans

Description

  • Semi Detached House +
  • 3 Bedrooms +
  • No Chain +
  • Modernisation Work Needed +
  • 2 Reception Rooms +
  • Driveway +
  • Front & Rear Gardens +
  • Sought After Location +
  • Great Local Amenities +
  • Transport & Travel Links +

Generous 3-bed semi-detached house in sought-after location with immense modernisation potential. 2 reception rooms, front and rear gardens, driveway. Great amenities and transport links. Rear garden offers outdoor space with detached garage, privacy, and peaceful setting.

EPC Rating: F Location Situated in the heart of Torrisholme close to a sought after local primary school and with amenities close by this family house couldn’t be situated in a better area. Within walking distance of Princess Crescent and Bare Lane train station there is option to shop locally or travel to surrounding areas such as Morecambe and Lancaster. Not to mention on those hot summer days, you could find yourself strolling down the prom or picnicking in Happy Mount Park. There are great choices for schools both primary and secondary options are available. The link road is easily accessible for those who commute to work. The House What a superb opportunity this house is. A generous semi detached with rooms more generous than many. The house does require works of modernisation which offers the ideal opportunity for altering the layout should you wish. The generous second reception room at the rear is light and bright with windows to two aspects and a sliding door accesses the rear kitchen. Buyers may wish to take this opportunity to create a more open plan layout with a large kitchen diner occupying the rear and allowing access to the south facing garden. Buyers should, as always, explore what permissions and planning may be required by their plans. It is understood that there is a back boiler to the rear reception fire place. The kitchen has retro feel and there is a fitted sink. The bow fronted front reception room offers the space for a quiet, relaxed lounge over looking the front garden and upstairs you will find another focal fireplace. The entrance hallway is light, bright and wide. Upstairs On the first floor there are three well proportioned bedrooms and the family bathroom which has a three piece bathroom suite with over bath shower. There is an airing cupboard with tank in the bathroom. Garden The rear garden has a concrete area ideal to create a patio or seating area to enjoy the garden. The main garden has mature plants and shrubs. At the front there is a mature garden creating privacy. Parking - Garage There is a detached garage at the rear. This was not accessible on the measure. Parking - Driveway The driveway offers parking at the side.

Agent Details

Lancastrian Estates, Lancaster

01524 967571

Next Steps?

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