2 Bed Flat, Single Let, Morecambe, LA4 5AN, £265,000





ValuationOvervalued
Sold Prices | £58K - £250K |
Sold Prices/m² | £868/m² - £3.6K/m² |
| |
Square Metres | ~68.11 m² |
Price/m² | £3.9K/m² |
Value Estimate | £136,222 |
Cashflows
Cash In | |
Purchase Finance | Mortgage |
Deposit (25%) | £66,250 |
Stamp Duty & Legal Fees | £15,200 |
Total Cash In | £81,450 |
| |
Cash Out | |
Rent Range | £545 - £1,690 |
Rent Estimate | £581 |
Running Costs/mo | £964 |
Cashflow/mo | £-383 |
Cashflow/yr | £-4,600 |
Gross Yield | 3% |
Local Sold Prices
37 sold prices from £58K to £250K, average is £124K. £868/m² to £3.6K/m², average is £1.9K/m².
Local Rents
39 rents from £545/mo to £1.7K/mo, average is £775/mo.
Local Area Statistics
Population in LA4 | 26,244 |
Population in Morecambe | 50,836 |
Town centre distance | 0.68 miles away |
Nearest school | 0.10 miles away |
Nearest train station | 0.67 miles away |
| |
Rental demand | Balanced market |
Rental growth (12m) | +8% |
Sales demand | Balanced market |
Capital growth (5yrs) | +28% |
Property History
Price changed to £265,000
March 4, 2025
Price changed to £275,000
January 23, 2025
Listed for £295,000
November 15, 2024
Floor Plans

Description
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