2 Bed Flat, Single Let, Morecambe, LA3 1PR, £69,950
Oxcliffe Road, Heysham, Morecambe, LA3 1PR - 2 views - 4 months ago
Leasehold
BTL
ROI: 9%
~68 m²





+4 photos
ValuationUndervalued
Sold Prices | £44K - £235K |
Sold Prices/m² | £1.2K/m² - £3.1K/m² |
| |
Square Metres | ~68.11 m² |
Price/m² | £1K/m² |
Value Estimate | £86,738 |
BMV | 24% |
Cashflows
Cash In | |
Purchase Finance | Mortgage |
Deposit (25%) | £17,488 |
Stamp Duty & Legal Fees | £3,299 |
Total Cash In | £20,786 |
| |
Cash Out | |
Rent Range | £525 - £1,195 |
Rent Estimate | £485 |
Running Costs/mo | £336 |
Cashflow/mo | £149 |
Cashflow/yr | £1,793 |
ROI | 9% |
Gross Yield | 8% |
Local Sold Prices
23 sold prices from £44K to £235K, average is £100K. £1.2K/m² to £3.1K/m², average is £1.6K/m².
Local Rents
18 rents from £525/mo to £1.2K/mo, average is £688/mo.
Local Area Statistics
Population in LA3 | 24,587 |
Population in Morecambe | 50,836 |
Town centre distance | 1.65 miles away |
Nearest school | 0.20 miles away |
Nearest train station | 1.45 miles away |
| |
Rental growth (12m) | -2% |
Sales demand | Buyer's market |
Capital growth (5yrs) | +31% |
Property History
Listed for £69,950
December 17, 2024
Floor Plans

Description
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