3 Bed Semi-Detached House, Refurb/BRRR, Morecambe, LA3 2UP, £149,950

Rothesay Road, Heysham, Morecambe, LA3 2UP - 5 months ago

Refurb/BRRR
ROI: 1%
~93 m²
+4 photos

ValuationUndervalued

Sold Prices£75K - £397K
Sold Prices/m²£938/m² - £3.4K/m²

 

 

Square Metres

~93 m²
Price/m²£1.6K/m²

Value Estimate

£154,449
BMV3%

 

 

End Value (After Refurb)

£188,706

Uplift in Value

+26%

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£37,488

Stamp Duty & Legal Fees

£8,698

Refurb Costs

£37,600

Bridging Loan Interest

£3,936

Total Cash In

£89,471

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£188,706

Mortgage (After Refinance)

£141,529

Mortgage LTV

75%

Cash Released

£29,067

Cash Left In

£60,405

Equity

£47,176

Rent Range

£465 - £1,450

Rent Estimate

£821

Running Costs/mo

£774

Cashflow/mo

£47

Cashflow/yr

£565

ROI

1%

Gross Yield

7%

Local Sold Prices

51 sold prices from £75K to £397K, average is £161K. £938/m² to £3.4K/m², average is £2.1K/m².

PriceDateDistanceAddressBeds 
£147.5K04/210.02 mi14, Rothesay Road, Heysham, Morecambe, Lancashire LA3 2UP3
£160K04/230.02 mi15, Rothesay Road, Heysham, Morecambe, Lancashire LA3 2UP3
£125K04/210.05 mi12, Mcdonald Road, Heysham, Morecambe, Lancashire LA3 2UX3
£100K11/200.05 mi41, Mcdonald Road, Heysham, Morecambe, Lancashire LA3 2UX3
£145K03/230.05 mi8, Mcdonald Road, Heysham, Morecambe, Lancashire LA3 2UX3
£88K07/230.05 mi17, Mcdonald Road, Heysham, Morecambe, Lancashire LA3 2UX3
£88K07/230.05 mi17, Mcdonald Road, Heysham, Morecambe, Lancashire LA3 2UX3
£100K04/210.06 mi4, Rothesay Crescent, Heysham, Morecambe, Lancashire LA3 2XR3
£155K09/210.06 mi31, Connaught Road, Heysham, Morecambe, Lancashire LA3 2UU3
£147.5K02/210.09 mi2, Londonderry Road, Heysham, Morecambe, Lancashire LA3 2UT3
£158K05/210.2 mi14, Combermere Road, Heysham, Morecambe, Lancashire LA3 2ST3
£182K09/210.24 mi55, Combermere Road, Heysham, Morecambe, Lancashire LA3 2SU3
£134K03/230.24 mi61, Combermere Road, Heysham, Morecambe, Lancashire LA3 2SU3
£140K05/230.29 mi9, Heathfoot Avenue, Heysham, Morecambe, Lancashire LA3 2TW3
£175K09/210.32 mi35, Middleton Road, Heysham, Morecambe, Lancashire LA3 2RY3
£237K03/210.35 mi8, Viking Way, Heysham, Morecambe, Lancashire LA3 2TH3
£120K03/230.35 mi2, Penhale Court, Heysham, Morecambe, Lancashire LA3 2PY3
£155K02/230.36 mi3, Penhale Court, Heysham, Morecambe, Lancashire LA3 2PY3
£234.9K08/210.37 mi6, Saxon Heights, Heysham, Morecambe, Lancashire LA3 2TY3
£134.5K05/210.39 mi7, Smithy Lane, Heysham, Morecambe, Lancashire LA3 2QH3
£187K12/220.39 mi11, Smithy Lane, Heysham, Morecambe, Lancashire LA3 2QH3
£169.9K09/210.42 mi22, Warton Avenue, Heysham, Morecambe, Lancashire LA3 2LX3
£98K02/210.43 mi10, Tomlinson Road, Heysham, Morecambe, Lancashire LA3 2LS3
£145K05/210.43 mi25, Tomlinson Road, Heysham, Morecambe, Lancashire LA3 2LS3
£185K02/210.45 mi14, Robin Crescent, Heysham, Morecambe, Lancashire LA3 2WG3
£215K04/210.45 mi31, Robin Crescent, Heysham, Morecambe, Lancashire LA3 2WG3
£187K06/230.45 mi17, Robin Crescent, Heysham, Morecambe, Lancashire LA3 2WG3
£147.5K03/210.45 mi19, Yewdale Avenue, Heysham, Morecambe, Lancashire LA3 2LR3
£115K06/210.45 mi17, Yewdale Avenue, Heysham, Morecambe, Lancashire LA3 2LR3
£280K01/230.47 mi4, Middleton Road, Heysham, Morecambe, Lancashire LA3 2QD3
£143K02/230.47 mi7, Yealand Avenue, Heysham, Morecambe, Lancashire LA3 2LT3
£235K07/230.47 mi31, Goldcrest Close, Heysham, Morecambe, Lancashire LA3 2GS3
£161K12/200.5 mi20, Skylark Close, Heysham, Morecambe, Lancashire LA3 2GW3
£75K05/210.52 mi20, Laureston Avenue, Heysham, Morecambe, Lancashire LA3 2LU3
£258.4K09/220.53 mi8, Tern Grove, Heysham, Morecambe, Lancashire LA3 2WH3
£200K09/210.54 mi38, Greenfinch Way, Heysham, Morecambe, Lancashire LA3 2GR3
£166K12/200.54 mi11, Greenfinch Way, Heysham, Morecambe, Lancashire LA3 2GR3
£330K06/210.56 mi2, Barrows Lane, Heysham, Morecambe, Lancashire LA3 2RP3
£397K10/220.56 miWoodlands, Barrows Lane, Heysham, Morecambe, Lancashire LA3 2RP3
£157.5K12/200.58 mi7, Redwing Close, Morecambe, Lancashire LA3 2BH3
£209.9K04/210.6 mi6, Lapwing Close, Heysham, Morecambe, Lancashire LA3 2DB3
£200K06/210.62 mi5, Redshank Drive, Heysham, Morecambe, Lancashire LA3 2WF3
£180K10/200.64 mi5, Greenshank Close, Heysham, Morecambe, Lancashire LA3 2DP3
£165K05/210.64 mi10, Douglas Avenue, Heysham, Morecambe, Lancashire LA3 2LP3
£174.9K07/210.66 mi18, Douglas Drive, Heysham, Morecambe, Lancashire LA3 2LW3
£150K10/210.68 mi4, Douglas Drive, Heysham, Morecambe, Lancashire LA3 2LN3
£285K01/230.69 mi8, Nightingale Close, Heysham, Morecambe, Lancashire LA3 2FW3
£197.5K08/210.69 mi2, Heysham Mossgate Road, Heysham, Morecambe, Lancashire LA3 2JT3
£230K04/210.71 mi14, Silverdale Avenue, Heysham, Morecambe, Lancashire LA3 2JX3
£157K06/210.71 mi5, Silverdale Avenue, Heysham, Morecambe, Lancashire LA3 2JX3
£240K05/230.71 mi12, Silverdale Avenue, Heysham, Morecambe, Lancashire LA3 2JX3

Local Rents

50 rents from £465/mo to £1.4K/mo, average is £775/mo.

RentDateDistanceAddressBeds 
£79505/240.04 miMcdonald Road, Heysham2
£60004/240.2 miPennington Court2
£46512/240.21 mi-1
£46503/250.21 mi-1
£77504/240.24 miDelamere Avenue, Heysham, Morecambe3
£77506/240.24 miDelamere Avenue, Heysham, Morecambe3
£1,10005/240.26 miDelamere Avenue, Heysham5
£85004/240.34 miDunlin Avenue, Heysham, Morecambe3
£90010/240.39 mi-3
£67504/240.45 mi16 Middleton Road, Heysham, LA32
£79508/240.45 miRobin Crescent, Windermere Park, Heysham3
£95008/240.48 miMossgate Park, Heysham, Morecambe3
£67507/240.51 miSkylark Close, Heysham, Morecambe2
£65007/240.51 miSkylark Close, Heysham, Morecambe2
£69505/240.51 miTurnstone Court, Greenfinch Way, Heysham, Morecambe2
£82505/240.52 mi26 Laureston Avenue, Heysham, Morecambe, LA3 2LU2
£79508/240.61 miSt James Court, Heysham2
£1,30004/240.66 miKingfisher Drive, Heysham, Morecambe4
£65008/240.69 miBrambling Drive, Heysham, LA32
£47507/240.72 miWoborrow Road, Heysham, Morecambe1
£1,40005/240.75 mi-4
£1,45001/250.75 mi-4
£1,40002/250.75 mi-4
£80004/240.77 miFellside View, Heysham, Morecambe2
£62506/240.79 miGFF, Heysham Road, Heysham, Morecambe2
£57506/240.79 miFFF Heysham Road, Heysham, Morecambe1
£62507/240.79 miGFF, Heysham Road, Heysham, Morecambe2
£87504/241.04 miEastlands, Heysham, Morecambe, Lancashire3
£62804/241.1 mi-2
£57504/241.12 miPeplow Road, Heysham, Morecambe, Lancashire1
£67505/241.12 miGilstead Avenue, Heysham, Morecambe, Lancashire2
£59505/241.13 miMortimer Grove, Heysham, Morecambe1
£1,30004/241.15 miMiddleton Road, Middleton3
£1,19504/251.26 mi-2
£1,20005/241.29 miCarr Lane, Middleton, Morecambe3
£95007/241.38 miHale Carr Lane, Heysham, Morecambe2
£1,35004/241.39 miHeysham Road, Lancaster, Morecambe4
£89507/241.4 mi-2
£89506/241.4 miThe Cliffs, Heysham, Morecambe, LA32
£79508/241.41 miBadger Wood, Middleton2
£55005/241.44 mi-2
£55010/241.44 mi-1
£55010/241.44 mi-1
£80004/241.47 miHawksworth Grove, Heysham4
£85004/241.54 miWoodlands Drive, Heysham, Morecambe3
£59505/241.54 miNorton Road, Heysham, Morecambe, LA31
£59606/241.54 mi-1
£57506/231.68 mi-1
£60002/241.68 mi-1
£70009/241.74 miDalton Road, Heysham, Morecambe, Lancashire2

Local Area Statistics

Population in LA3

24,587

Population in Morecambe

50,836

Town centre distance

2.85 miles away

Nearest school

0.20 miles away

Nearest train station

0.48 miles away

 

 

Rental growth (12m)

-2%

Sales demand

Buyer's market

Capital growth (5yrs)

+31%

Property History

Price changed to £149,950

March 28, 2025

Listed for £154,950

November 1, 2024

Floor Plans

Description

Bay fronted three bedroom semi-detached house situated in Higher Heysham, close to local primary schools, M6 link road, Half Moon Bay and within a mile radius of historic Heysham village and the parade of shops at Strawberry Gardens. The accommodation is majority uPVC double glazed, gas central heated from a newly installed combi' boiler (January 2025) and briefly comprises: front entrance, hallway, open plan lounge diner with feature fireplaces and French doors leading out to the garden, fitted kitchen with integrated oven and hob, staircase and first floor landing, three generous size bedrooms and bathroom/wc. Outside the property, there is a stone chipped front garden and driveway providing off-road parking and to the rear, there is a generous size garden, laid to lawn and artificial turf with paved patio and storage outbuilding. Although in need of some refurbishment, this property will appeal to a wide range of buyers seeking a competitively priced home in a convenient location. Internal viewings are highly recommended. NO CHAIN.

FRONT ENTRANCE
Outside light. uPVC double glazed door into:

HALLWAY
Central heating radiator. Ceiling light. Electric power point.

LOUNGE DINER 7.54m (excluding the bay) x 4.28m (max) (24'8'' x 14'0'')
uPVC double glazed bay window to the front elevation. uPVC double glazed French doors leading out to the rear garden. Two central heating radiators. Two feature fireplaces both with electric fires. Two ceiling lights. Electric power points.

KITCHEN 3.19m x 2.41m (10'5'' x 7'10'')
uPVC double glazed window to the rear elevation. Fitted base units, wall units and drawers with working surfaces in part to three walls. Inset single bowl sink with mixer tap. Built-in electric oven, four ring gas hob and cooker hood above. Plumbing/space for washing machine and fridge freezer. 'Worcester' gas boiler housed in wall unit (installed January 2025 - 6 year warranty). Ceiling light. Electric power points.

STAIRCASE TO FIRST FLOOR

LANDING
Timber framed single glazed window to the side elevation. Ceiling light. Electric power point. Loft hatch access.

BEDROOM ONE 4.26m x 3.67m (13'11'' x 12'0'')
uPVC double glazed window to the front elevation. Central heating radiator. Decorative cast iron fireplace. Built-in storage cupboard. Ceiling light. Electric power points.

BEDROOM TWO 3.20m x 3.64m (10'5'' x 11'11'')
uPVC double glazed window to the rear elevation. Central heating radiator. Ceiling light. Electric power points.

BEDROOM THREE 3.10m x 2.47m (10'2'' x 8'1'')
uPVC double glazed window to the front elevation. Central heating radiator. Built-in storage cupboard. Ceiling light. Electric power points.

BATHROOM/WC 2.42m x 2.42m (7'11'' x 7'11'')
uPVC double glazed window to the rear elevation. Further timber framed single glazed side window. Central heating radiator. Heated chrome towel rail. Wall mounted fan heater. Three piece suite in white comprising bath with wall mounted mixer shower, pedestal wash hand basin and wc. Tiled in part to two walls. Mirror fronted bathroom cabinet. Ceiling light.

OUTSIDE THE PROPERTY

FRONT GARDEN/DRIVEWAY
Laid to stone chippings providing off-road parking.

REAR GARDEN
Generous size. Laid to a combination of lawn and artificial turf with paved patio. Storage outbuilding (side of property). Surrounded by timber fencing.

TENURE Freehold

SERVICES Mains water, mains drainage, mains electricity, mains gas. Local Authority Lancaster City Council. Council Tax Band A. Amount payable for the financial year 22024/25 being £1505.37. Please note that this is a verbal enquiry only. We strongly recommend that prospective purchasers verify the information direct.

Council Tax Band: A (Lancaster City Council)
Tenure: Freehold

Agent Details

ibay Homes, Morecambe

01524 952012

Next Steps?

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