5 Bed Terraced House, Single Let, Morecambe, LA4 6NJ, £249,950
10 Torrisholme Square, Morecambe, Lancashire, LA4 6NJ - 5 months ago
BTL
~178 m²





+10 photos
ValuationFair Value
Sold Prices | £81.5K - £800K |
Sold Prices/m² | £622/m² - £3.4K/m² |
| |
Square Metres | ~178.28 m² |
Price/m² | £1.4K/m² |
Value Estimate | £249,861 |
Cashflows
Cash In | |
Purchase Finance | Mortgage |
Deposit (25%) | £62,488 |
Stamp Duty & Legal Fees | £8,699 |
Total Cash In | £71,186 |
| |
Cash Out | |
Rent Range | £750 - £2,250 |
Rent Estimate | £822 |
Running Costs/mo | £965 |
Cashflow/mo | £-143 |
Cashflow/yr | £-1,722 |
Gross Yield | 4% |
Local Sold Prices
33 sold prices from £81.5K to £800K, average is £270K. £622/m² to £3.4K/m², average is £1.5K/m².
Local Rents
36 rents from £750/mo to £2.3K/mo, average is £925/mo.
Local Area Statistics
Population in LA4 | 26,244 |
Population in Morecambe | 50,836 |
Town centre distance | 1.13 miles away |
Nearest school | 0.20 miles away |
Nearest train station | 0.61 miles away |
| |
Rental demand | Balanced market |
Rental growth (12m) | +8% |
Sales demand | Balanced market |
Capital growth (5yrs) | +28% |
Property History
Listed for £249,950
November 16, 2024
Sold for £83,950
2002
Floor Plans

Description
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