2 Bed Flat, Single Let, Morecambe, LA3 3SH, £125,000

14 Wenning Court, Grosvenor Park, Morecambe, LA3 3SH - 1 views - 5 months ago

Leasehold
BTL
ROI: 5%
47 m²
+8 photos

ValuationOvervalued

Sold Prices£58K - £259K
Sold Prices/m²£1.1K/m² - £3.1K/m²

 

 

Square Metres

47 m²
Price/m²£2.7K/m²

Value Estimate

£76,952

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£31,250

Stamp Duty & Legal Fees

£4,950

Total Cash In

£36,200

 

 

Cash Out

 

Rent Range

£650 - £1,750

Rent Estimate

£691

Running Costs/mo

£549

Cashflow/mo

£142

Cashflow/yr

£1,706

ROI

5%

Gross Yield

7%

Local Sold Prices

34 sold prices from £58K to £259K, average is £94.1K. £1.1K/m² to £3.1K/m², average is £1.7K/m².

PriceDateDistanceAddressBeds 
£90K07/210.01 mi14, Wenning Court, Morecambe, Lancashire LA3 3SH2
£89K11/200.01 mi23, Wenning Court, Morecambe, Lancashire LA3 3SH2
£103K03/210.26 mi3, Stanhope Court, Morecambe, Lancashire LA3 3AF2
£63K08/210.31 mi6, Lancambe Court, Lancaster, Lancashire LA1 5TG2
£82.5K05/210.31 mi23, Lancambe Court, Lancaster, Lancashire LA1 5TG2
£70K02/210.31 mi28, Lancambe Court, Lancaster, Lancashire LA1 5TG2
£89K01/210.39 mi18, Leycester Drive, Lancaster, Lancashire LA1 5HW2
£105K12/220.54 mi34, Old Hall Close, Morecambe, Lancashire LA4 6NL2
£99K02/230.54 mi2, Old Hall Close, Morecambe, Lancashire LA4 6NL2
£80K12/200.54 mi23, Old Hall Close, Morecambe, Lancashire LA4 6NL2
£93.3K12/200.54 mi37, Old Hall Close, Morecambe, Lancashire LA4 6NL2
£95K06/210.54 mi1, Old Hall Close, Morecambe, Lancashire LA4 6NL2
£75K02/210.54 mi18, Old Hall Close, Morecambe, Lancashire LA4 6NL2
£77K12/200.54 mi33, Old Hall Close, Morecambe, Lancashire LA4 6NL2
£79.5K12/200.54 mi36, Old Hall Close, Morecambe, Lancashire LA4 6NL2
£105K10/220.54 mi11, Old Hall Close, Morecambe, Lancashire LA4 6NL2
£92.5K10/220.54 mi28, Old Hall Close, Morecambe, Lancashire LA4 6NL2
£120K12/220.55 mi10, Dallas Court, Morecambe, Lancashire LA4 6NN2
£108K11/220.57 mi38, Ennerdale Avenue, Morecambe, Lancashire LA4 5UQ2
£120K10/220.64 mi2, Braemar Court, Morecambe, Lancashire LA4 5YB2
£109K10/210.65 mi11, Braemar Court, Morecambe, Lancashire LA4 5YB2
£259K08/210.67 mi58, Slyne Road, Morecambe, Lancashire LA4 6PD2
£250K11/200.74 mi7, Sizergh Road, Morecambe, Lancashire LA4 6TL2
£155K09/220.78 miFlat 1, Princes Gardens, Bare Lane, Morecambe, Lancashire LA4 6RS2
£58K12/200.8 mi10, Monkswood Avenue, Morecambe, Lancashire LA4 6TW2
£80K11/200.8 mi52, Watery Lane, Lancaster, Lancashire LA1 2SL2
£80K11/200.8 mi52, Watery Lane, Lancaster, Lancashire LA1 2SL2
£135K10/210.81 mi4, Walton Avenue, Morecambe, Lancashire LA4 6SH2
£227K12/200.82 mi29, Brampton Drive, Morecambe, Lancashire LA4 6QS2
£124K03/230.87 mi212, Lancaster Road, Morecambe, Lancashire LA4 5TL2
£100K11/210.97 mi14, Nicholson Crescent, Morecambe, Lancashire LA4 6UE2
£79K01/210.99 mi17, Greenset Close, Lancaster, Lancashire LA1 2PN2
£88K06/230.99 mi7, Greenset Close, Lancaster, Lancashire LA1 2PN2
£125K09/221 mi20, Grayrigg Drive, Morecambe, Lancashire LA4 4UJ2

Local Rents

37 rents from £650/mo to £1.8K/mo, average is £875/mo.

RentDateDistanceAddressBeds 
£75009/240 mi-2
£75008/240 miMorecambe, Morecambe, LA32
£90010/240.12 mi-2
£80008/240.46 miLancaster Road, Torrisholme, Morecambe2
£75008/240.56 miLoweswater Drive, Morecambe2
£95006/240.73 miNew Quay Road, Lancaster2
£77505/240.74 miLeamington Road, Westgate, Morecambe2
£85005/240.79 miAnstable Road, Morecambe2
£85005/240.84 miCowdrey Mews, Lancaster, LA12
£67504/240.88 miAtherton Road, Lancaster, LA12
£99505/240.95 miLune Road, Lancaster2
£99512/240.98 mi-2
£92506/241 miDorchester Gardens, Westgate, Morecambe, Lancashire, LA32
£89505/241.01 miWillow Lane, Lancaster2
£79504/241.02 mi-2
£87502/251.02 mi-2
£75004/251.02 mi-2
£95005/241.03 mi-2
£87502/241.03 mi-2
£90005/241.05 mi-2
£80005/241.07 mi-2
£72508/241.08 miWestgate, Westgate, Morecambe, Lancashire2
£90005/241.09 miWillow Grove, Morecambe2
£95005/241.1 miRiver View Apartments, Lancaster, LA12
£85002/251.12 mi-2
£1,75012/241.13 mi-2
£77508/241.13 miGleneagles Drive, Morecambe2
£70005/241.15 miCrewgarth Road, Westgate, Morecambe, LA32
£65005/241.15 miBeaumont Park, Lancaster, LA12
£87507/241.17 miSulby Grove, Morecambe2
£87507/241.17 miSulby Grove, Morecambe2
£95007/241.18 miSunnyfield Avenue, Morecambe2
£85002/251.21 mi-2
£95004/241.21 mi-2
£90001/251.22 mi-2
£89505/241.23 mi-2
£75006/241.24 mi-2

Local Area Statistics

Population in LA3

24,587

Population in Morecambe

50,836

Town centre distance

1.18 miles away

Nearest school

0.10 miles away

Nearest train station

1.08 miles away

 

 

Rental growth (12m)

-2%

Sales demand

Buyer's market

Capital growth (5yrs)

+31%

Property History

Listed for £125,000

November 11, 2024

Sold for £90,000

2021

Sold for £93,000

2013

Sold for £86,000

2004

Sold for £43,950

1997

Floor Plans

Description

  • Ground Floor Flat Sold With Tenant In Situ +
  • Two Bedrooms +
  • Fitted Kitchen +
  • One Reception Room +
  • Three Piece Family Bathroom +
  • Enclosed Rear Garden +
  • Allocated Parking Space No. 14 +
  • Leasehold +
  • Council Tax Band: A +
  • EPC Rating: C +

CALLING ALL INVESTORS. THIS PROPERTY IS SOLD WITH TENANT IN SITU!

Nestled in the charming Wenning Court, Grosvenor Park, Morecambe, this delightful 2-bedroom ground floor flat is a gem waiting to be discovered.

As you step inside, you are greeted by a spacious reception room, perfect for unwinding after a long day or hosting intimate gatherings with friends and family. The thoughtful design of this property ensures that there is ample space for relaxation, dining, and entertainment, making it a versatile living space for any occasion.

Whether you are a first-time buyer venturing into the world of homeownership or someone looking for a cosy abode to call their own, this flat offers a perfect blend of comfort and roominess. The layout has been cleverly crafted to enhance convenience and simplicity, allowing you to effortlessly settle in and transform this space into your personal sanctuary.

This property is not just a house, but a home in the making. With everything you need at your fingertips, all that's left to do is add your personal touch and watch it come to life. Don't miss out on the opportunity to make this starter home your own and embark on a new chapter filled with warmth and comfort.

Ground Floor -

Vestibule - 1.22m x 1.17m (4' x 3'10) - UPVC entrance door, wood effect flooring and door to reception room.

Reception Room - 4.60m x 3.07m (15'1 x 10'1) - Central heating radiator, coving, smoke detector, TV point, wood effect flooring, door to inner hall, open access to kitchen and sliding doors to conservatory.

Kitchen - 2.46m x 1.80m (8'1 x 5'11) - UPVC double glazed window, white wall and base units, wood effect worktops, stainless steel sink with draining board and mixer tap, integrated single oven in high rise unit, four burner gas hob, tiled splash back, extractor hood, boiler, plumbing for washing machine and wood effect flooring.

Conservatory - 3.58m x 3.40m (11'9 x 11'2) - UPVC double glazed windows, central heating radiator, wood effect flooring and UPVC double glazed French doors to rear.

Inner Hall - 1.88m x 0.94m (6'2 x 3'1) - Smoke detector, coving, storage and doors to two bedrooms and bathroom.

Bedroom One - 3.23m x 2.84m (10'7 x 9'4) - UPVC double glazed window, central heating radiator and coving.

Bedroom Two - 2.74m x 2.34m (9' x 7'8) - UPVC double glazed window and central heating radiator,

Bathroom - 2.39m x 1.45m (7'10 x 4'9) - Central heated towel rail, dual flush WC, wall mounted wash basin with mixer tap, panel bath with mixer tap and direct feed rainfall shower and rinse head over, extractor fan, tiled elevations and tile effect flooring.

External -

Rear - Bedding area, paved patio, timber shed, gated access to rear street and allocated parking space.

Agent Details

GF Property Sales and Lettings, Morecambe

01524 967798

Next Steps?

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