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

Westmoor Grove, Heysham, Morecambe, Lancashire, LA3 2TA - 6 months ago

Sold STC
Planning
~68 m²
+11 photos

ValuationOvervalued

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

 

 

Square Metres

~68.11 m²
Price/m²£2.7K/m²

Value Estimate

£150,766

 

 

End Value (After Refurb)

£183,500

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£46,250

Stamp Duty & Legal Fees

£10,450

Refurb Costs

£27,537

Bridging Loan Interest

£4,856

Total Cash In

£90,844

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£183,500

Mortgage (After Refinance)

£137,625

Mortgage LTV

75%

Cash Left In

£90,844

Equity

£45,875

Rent Range

£600 - £825

Rent Estimate

£724

Running Costs/mo

£738

Cashflow/mo

£-14

Cashflow/yr

£-171

Gross Yield

5%

Local Sold Prices

23 sold prices from £102K to £270K, average is £163K. £1.4K/m² to £3.1K/m², average is £2.2K/m².

PriceDateDistanceAddressBeds 
£191.5K05/230.05 mi19, Rothesay Road, Heysham, Morecambe, Lancashire LA3 2UR2
£142K04/210.05 mi33, Oakville Road, Heysham, Morecambe, Lancashire LA3 2TB2
£110K10/210.15 mi42, Mcdonald Road, Heysham, Morecambe, Lancashire LA3 2UX2
£132.5K09/210.32 mi7, Barry Grove, Heysham, Morecambe, Lancashire LA3 2SR2
£178K03/210.49 mi4, Sylvan Place, Heysham, Morecambe, Lancashire LA3 2QT2
£142K04/210.5 mi3, Ripon Place, Heysham, Morecambe, Lancashire LA3 2RB2
£146K05/230.51 mi32, Laureston Avenue, Heysham, Morecambe, Lancashire LA3 2LU2
£270K11/220.54 mi6, Brier Drive, Heysham, Morecambe, Lancashire LA3 2QU2
£190K08/210.54 mi11, Brier Drive, Heysham, Morecambe, Lancashire LA3 2QU2
£120K01/210.75 mi19, Crimewell Lane, Heysham, Morecambe, Lancashire LA3 2RH2
£102K10/210.79 mi20a, St Patricks Walk, Heysham, Morecambe, Lancashire LA3 2PJ2
£151.5K08/210.8 mi42, Dalesview Crescent, Heysham, Morecambe, Lancashire LA3 2JQ2
£235K09/210.82 miRose Cottage, Manor Courtyard, Main Street, Heysham, Morecambe, Lancashire LA3 2RN2
£250K05/230.82 miManor Cottage, Manor Courtyard, Main Street, Heysham, Morecambe, Lancashire LA3 2RN2
£163K07/230.82 miOld Barn, Main Street, Heysham, Morecambe, Lancashire LA3 2RN2
£145K05/210.83 mi15, Main Street, Heysham, Morecambe, Lancashire LA3 2RN2
£155K12/200.85 mi11, Eldon Grove, Heysham, Morecambe, Lancashire LA3 2JW2
£177K02/210.88 mi30, Ridge Grove, Heysham, Morecambe, Lancashire LA3 2JN2
£190K05/210.88 mi7, Haverthwaite Avenue, Heysham, Morecambe, Lancashire LA3 2EL2
£211K09/220.89 mi6, Haverthwaite Avenue, Heysham, Morecambe, Lancashire LA3 2EL2
£210K12/200.94 mi12, Hillsea Avenue, Heysham, Morecambe, Lancashire LA3 2BU2
£175K09/220.95 mi8, Edgcott Close, Heysham, Morecambe, Lancashire LA3 2HX2
£138.9K08/210.98 mi6, Fieldsend, Heysham, Morecambe, Lancashire LA3 2HU2

Local Rents

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

RentDateDistanceAddressBeds 
£79505/240.14 miMcdonald Road, Heysham2
£60004/240.24 miPennington Court2
£69505/240.46 miTurnstone Court, Greenfinch Way, Heysham, Morecambe2
£65007/240.47 miSkylark Close, Heysham, Morecambe2
£67507/240.47 miSkylark Close, Heysham, Morecambe2
£67504/240.47 mi16 Middleton Road, Heysham, LA32
£82505/240.5 mi26 Laureston Avenue, Heysham, Morecambe, LA3 2LU2
£79508/240.64 miSt James Court, Heysham2
£65008/240.66 miBrambling Drive, Heysham, LA32
£80004/240.77 miFellside View, Heysham, Morecambe2
£62506/240.82 miGFF, Heysham Road, Heysham, Morecambe2
£62507/240.82 miGFF, Heysham Road, Heysham, Morecambe2
£62804/241.09 mi-2
£67505/241.11 miGilstead Avenue, Heysham, Morecambe, Lancashire2

Local Area Statistics

Population in LA3

24,587

Population in Morecambe

50,836

Town centre distance

2.84 miles away

Nearest school

0.20 miles away

Nearest train station

0.56 miles away

 

 

Rental growth (12m)

-2%

Sales demand

Buyer's market

Capital growth (5yrs)

+31%

Property History

Price changed to £185,000

December 27, 2024

Listed for £195,000

November 5, 2024

Floor Plans

Description

  • Two bedroom semi detached true bungalow +
  • Immaculate and well cared for +
  • Spacious living room +
  • Long driveway +
  • Garage +
  • Two outbuildings and Workshop +
  • Amazing garden - A gardners dream +
  • Potential to convert the loft space (STPP) +
  • Quiet location in Heysham +
  • Convenience shop at the end of the road +

Welcome to a truly unique two double bedroom semi-detached bungalow in Heysham. This amazing property offers an extensive driveway for multiple vehicles, garage, two outbuildings and workshop, expansive garden with fruit trees, allotment and greenhouse. Perfect for retirees or those seeking a peaceful lifestyle with plenty of space for hobbies and gardening, this property is a rare find.

Exterior and Outdoor Features:

Upon arrival, you'll be greeted by a well-maintained front garden and a long driveway, providing extensive parking for multiple vehicles. The driveway extends to the rear of the property, leading to a detached garage, ideal for secure parking or additional storage.

The true standout feature of this home is the expansive rear garden. This outdoor haven includes:
- Fruit Trees: Enjoy the delights of homegrown fruits.
- Allotment: Perfect for cultivating your own vegetables.
- Greenhouse: Ideal for nurturing plants year-round.
- Two Outbuildings: Offering versatile space for storage or hobbies.
- Workshop: A dream for DIY enthusiasts, providing ample space for projects and tools.

Interior Highlights:

Enter through the convenient side entrance into a welcoming hallway. The bungalow offers a thoughtfully designed layout with:
- Two Double Bedrooms: Both rooms are equipped with fitted wardrobes, ensuring ample storage space.
- Shower Room: Features a practical storage cupboard, keeping essentials neatly tucked away.
- Spacious Living Room: Boasts a charming feature fireplace, creating a cozy atmosphere for relaxing and entertaining.
- Functional Kitchen: Includes a pantry and provides direct access to the garden, making outdoor dining and gardening activities easily accessible.

Loft Potential:

The property also offers a generously sized loft with a gable end, presenting a fantastic opportunity for conversion (subject to planning permission). This space could be transformed into an additional bedroom, office, or recreational area, adding significant value and versatility to the home.

Summary:

This exceptional bungalow in Heysham is not just a place to live, but a lifestyle to embrace. With its extensive outdoor features and potential for loft conversion, it’s perfect for those looking to retire in comfort or anyone desiring a spacious garden and workshop. Don’t miss the chance to make this tranquil and versatile property your own.

A fantastic location for a wide range of buyers but in particular anyone with connections to either Heysham Port or the Power Station. Transport links are plentiful with the bypass connecting to the Bay Gateway making it straight forward to get to the M6 both North and South.

Freehold
Council Tax Band – B

Agent Details

Entwistle Green, Morecambe

01524 967563

Next Steps?

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