3 Bed Semi-Detached House, Single Let, Morecambe, LA3 2AR, £220,000

15 Tibicar Drive East, Morecambe, Lancashire, LA3 2AR - 2 views - 5 months ago

BTL

~93 m²

+9 photos

ValuationOvervalued

Sold Prices	£86K - £465K
Sold Prices/m²	£1K/m² - £3.7K/m²

Square Metres	~93 m²
Price/m²	£2.4K/m²
Value Estimate	£190,300£190,300

Cashflows

Cash In
Purchase Finance	MortgageMortgage
Deposit (25%)	£55,000£55,000
Stamp Duty & Legal Fees	£7,950£7,950
Total Cash In	£62,950£62,950

Cash Out
Rent Range	£750 - £950£750 - £950
Rent Estimate	£750
Running Costs/mo	£858£858
Cashflow/mo	£-107£-107
Cashflow/yr	£-1,290£-1,290
Gross Yield	4%4%

Local Sold Prices

50 sold prices from £86K to £465K, average is £189.5K. £1K/m² to £3.7K/m², average is £2.1K/m².

Price	Date	Distance	Address	Price/m²	m²	Beds	Type
£207.9K	12/20	0.09 mi	1, Arncliffe Road, Heysham, Morecambe, Lancashire LA3 2AT	£2,797	74	3	Detached House
£180K	08/21	0.1 mi	14, Arncliffe Road, Heysham, Morecambe, Lancashire LA3 2AT	-	-	3	Semi-Detached House
£130K	10/20	0.11 mi	45, Kingsway, Heysham, Morecambe, Lancashire LA3 2EB	£1,260	103	3	Semi-Detached House
£195K	01/23	0.12 mi	154, Fairfield Road, Heysham, Morecambe, Lancashire LA3 1LS	£2,378	82	3	Semi-Detached House
£163K	06/21	0.16 mi	37, Tranmere Crescent, Heysham, Morecambe, Lancashire LA3 2BE	-	-	3	Semi-Detached House
£115K	11/20	0.18 mi	153, Fairfield Road, Heysham, Morecambe, Lancashire LA3 1LR	£1,130	102	3	Semi-Detached House
£134K	02/23	0.18 mi	46, Kingsway, Heysham, Morecambe, Lancashire LA3 2ED	£1,540	87	3	Terraced House
£220K	11/22	0.2 mi	34, Woodlands Drive, Heysham, Morecambe, Lancashire LA3 1NA	-	-	3	Detached House
£157K	06/21	0.2 mi	9, Hale Carr Lane, Heysham, Morecambe, Lancashire LA3 2AE	£1,725	91	3	Semi-Detached House
£250K	12/22	0.21 mi	70, Norton Road, Heysham, Morecambe, Lancashire LA3 1PG	£3,086	81	3	Semi-Detached House
£185K	12/21	0.21 mi	82, Norton Road, Heysham, Morecambe, Lancashire LA3 1PG	£2,199	84	3	Semi-Detached House
£225K	11/20	0.23 mi	13, Twemlow Parade, Heysham, Morecambe, Lancashire LA3 1PD	£1,957	115	3	Semi-Detached House
£182K	06/21	0.23 mi	4, Norton Grove, Heysham, Morecambe, Lancashire LA3 1PQ	£1,717	106	3	Semi-Detached House
£170K	08/23	0.24 mi	18, Woodlands Drive, Heysham, Morecambe, Lancashire LA3 1LZ	£2,500	68	3	Semi-Detached House
£275K	02/21	0.24 mi	335, Heysham Road, Heysham, Morecambe, Lancashire LA3 2BP	-	-	3	Semi-Detached House
£415K	05/23	0.25 mi	73, Twemlow Parade, Heysham, Morecambe, Lancashire LA3 2AL	£3,673	113	3	Semi-Detached House
£210K	05/21	0.27 mi	1, Woodlands Grove, Heysham, Morecambe, Lancashire LA3 1NF	£2,692	78	3	Detached House
£237.5K	06/21	0.27 mi	67, Norton Road, Heysham, Morecambe, Lancashire LA3 1PF	£2,284	104	3	Semi-Detached House
£465K	02/21	0.3 mi	107, Twemlow Parade, Heysham, Morecambe, Lancashire LA3 2DL	£2,672	174	3	Detached House
£208K	01/21	0.3 mi	6, Craiglands Avenue, Heysham, Morecambe, Lancashire LA3 1NX	£2,101	99	3	Semi-Detached House
£157K	01/23	0.31 mi	8, Mallowdale Avenue, Heysham, Morecambe, Lancashire LA3 2ES	£2,151	73	3	Terraced House
£126K	03/21	0.31 mi	14, Mallowdale Avenue, Heysham, Morecambe, Lancashire LA3 2ES	-	-	3	Semi-Detached House
£170K	06/23	0.31 mi	6, Mallowdale Avenue, Heysham, Morecambe, Lancashire LA3 2ES	£1,589	107	3	Terraced House
£205K	06/21	0.32 mi	9, Sugham Lane, Heysham, Morecambe, Lancashire LA3 2DR	-	-	3	Semi-Detached House
£330K	09/22	0.33 mi	2, Sugham Lane, Heysham, Morecambe, Lancashire LA3 2DR	£2,200	150	3	Detached House
£120K	05/23	0.36 mi	12, Littledale Avenue, Heysham, Morecambe, Lancashire LA3 2ER	-	-	3	Terraced House
£156K	03/21	0.36 mi	11, Littledale Avenue, Heysham, Morecambe, Lancashire LA3 2ER	£1,033	151	3	Semi-Detached House
£295K	11/21	0.38 mi	8, St Johns Grove, Heysham, Morecambe, Lancashire LA3 1ET	£2,521	117	3	Semi-Detached House
£215K	11/21	0.38 mi	41, Lordsome Road, Heysham, Morecambe, Lancashire LA3 1JE	£2,389	90	3	Detached House
£184.5K	11/20	0.38 mi	37, Norton Road, Heysham, Morecambe, Lancashire LA3 1HA	£1,963	94	3	Terraced House
£86K	01/21	0.39 mi	89, Bowland Road, Heysham, Morecambe, Lancashire LA3 2EP	£1,033	83	3	Semi-Detached House
£125K	08/21	0.4 mi	89, Bowland Road, Heysham, Morecambe, Lancashire LA3 2EP	£1,501	83	3	Semi-Detached House
£220K	01/21	0.4 mi	19, Knowlys Avenue, Heysham, Morecambe, Lancashire LA3 2PA	£1,947	113	3	Semi-Detached House
£210K	12/22	0.4 mi	1, Knowlys Avenue, Heysham, Morecambe, Lancashire LA3 2PA	£2,308	91	3	Terraced House
£199.9K	02/21	0.4 mi	21, Hillmount Avenue, Heysham, Morecambe, Lancashire LA3 2DQ	-	-	3	Semi-Detached House
£210.1K	12/22	0.4 mi	14, Hillmount Avenue, Heysham, Morecambe, Lancashire LA3 2DQ	£2,387	88	3	Semi-Detached House
£160K	02/21	0.4 mi	4, Hillmount Avenue, Heysham, Morecambe, Lancashire LA3 2DQ	£2,208	72	3	Semi-Detached House
£194K	07/21	0.4 mi	10, Rydal Road, Heysham, Morecambe, Lancashire LA3 1DT	£1,848	105	3	Terraced House
£250K	05/21	0.43 mi	11, Knowlys Drive, Heysham, Morecambe, Lancashire LA3 2PD	£2,336	107	3	Semi-Detached House
£133K	06/21	0.43 mi	41, Harewood Avenue, Heysham, Morecambe, Lancashire LA3 1JH	£1,622	82	3	Semi-Detached House
£297.5K	05/23	0.44 mi	393, Heysham Road, Heysham, Morecambe, Lancashire LA3 2JH	£2,543	117	3	Detached House
£120K	03/21	0.44 mi	52, Lordsome Road, Heysham, Morecambe, Lancashire LA3 1JB	£1,623	74	3	Semi-Detached House
£130.2K	06/21	0.44 mi	22, Lordsome Road, Heysham, Morecambe, Lancashire LA3 1JB	-	-	3	Semi-Detached House
£143K	10/21	0.45 mi	42, Harewood Avenue, Heysham, Morecambe, Lancashire LA3 1JQ	£1,833	78	3	Semi-Detached House
£170K	12/20	0.46 mi	67, Fairfield Road, Heysham, Morecambe, Lancashire LA3 1ES	£1,405	121	3	Semi-Detached House
£310K	11/22	0.47 mi	1, Hillsea Avenue, Heysham, Morecambe, Lancashire LA3 2BU	£3,100	100	3	Semi-Detached House
£297K	12/22	0.48 mi	54, Lister Grove, Heysham, Morecambe, Lancashire LA3 2DG	-	-	3	Semi-Detached House
£129.9K	11/20	0.48 mi	50, Lister Grove, Heysham, Morecambe, Lancashire LA3 2DG	£1,511	86	3	Semi-Detached House
£110K	07/21	0.48 mi	3, Balmoral Avenue, Heysham, Morecambe, Lancashire LA3 1JU	£1,507	73	3	Semi-Detached House
£289K	03/21	0.5 mi	9, Knowlys Grove, Heysham, Morecambe, Lancashire LA3 2NX	£2,895	100	3	Semi-Detached House

Local Rents

21 rents from £750/mo to £950/mo, average is £875/mo.

Rent	Date	Distance	Address	Beds	Type
£850	04/24	0.21 mi	Woodlands Drive, Heysham, Morecambe	3	Flat
£875	04/24	0.55 mi	Eastlands, Heysham, Morecambe, Lancashire	3	Flat
£895	05/24	0.57 mi	Hampton Road, Heysham	3	House
£950	04/24	0.57 mi	Cumberland View Road, Heysham, Morecambe	3	Detached House
£750	12/23	0.79 mi	-	3	Flat
£775	07/24	0.91 mi	Balmoral Road, Morecambe, Lancashire, LA4	3	Flat
£950	08/24	0.91 mi	Chatsworth Road, Morecambe, Lancashire, LA4	3	Flat
£950	05/24	0.92 mi	Clarendon Road, Morecambe	3	Flat
£899	08/24	0.94 mi	Albert Road, Morecambe, Lancashire, LA4	3	Flat
£899	08/24	0.94 mi	Albert Road, Morecambe, Lancashire, LA4	3	Flat
£750	05/24	0.94 mi	West End, Morecambe, LA4	3	Flat
£750	05/24	0.94 mi	West End, Morecambe, LA4	3	Flat
£950	08/24	0.95 mi	Chatsworth Road, Morecambe, Lancashire, LA4	3	Flat
£950	08/24	0.95 mi	Chatsworth Road, Morecambe, Lancashire, LA4	3	Flat
£900	10/24	1.07 mi	-	3	Semi-Detached House
£775	04/24	1.11 mi	Delamere Avenue, Heysham, Morecambe	3	Flat
£775	06/24	1.11 mi	Delamere Avenue, Heysham, Morecambe	3	House
£795	08/24	1.11 mi	Robin Crescent, Windermere Park, Heysham	3	Semi-Detached House
£950	08/24	1.14 mi	Mossgate Park, Heysham, Morecambe	3	House
£750	02/24	1.15 mi	-	3	Semi-Detached House
£875	01/25	1.15 mi	-	3	Terraced House

Local Area Statistics

Population in LA3	24,58724,587
Population in Morecambe	50,83650,836
Town centre distance	1.58 miles away1.58 miles away
Nearest school	0.20 miles away0.20 miles away
Nearest train station	1.40 miles away1.40 miles away

Rental growth (12m)	-2%-2%
Sales demand	Buyer's marketBuyer's market
Capital growth (5yrs)	+31%+31%

Property History

Price changed to £220,000

March 20, 2025

Listed for £225,000

November 9, 2024

Sold for £126,000

2007

Floor Plans

Description

Three Bedroom Semi-Detached Home +
Popular Residential Location +
Close To Local Amenities +
Open Plan Lounge And Dining Room +
Modern Fitted Kitchen +
Sitting Room Overlooking The Garden +
Ample Off Road Parking +
Front And Rear Garden +
Viewings Are Highly Recommended +

We are delighted to bring to the market, this three bedroom, semi-detached family home. Popular residential location, and close to amenities. A well presented property, with versatile living accommodation.

The property features; entrance hallway and open plan lounge and dining room. Modern fitted kitchen and sitting room to the rear aspect. To the first floor are three bedrooms and a three piece bathroom suite.
Externally the property has ample off road parking to the front, and enclosed rear garden.

Viewings are highly recommended, so please contact the office on , or email us on

Agent Details

Jennings Estate Agents, Heysham

01525 309873

Next Steps?

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

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