4 Bed Semi-Detached House, Planning Permission, Morecambe, LA4 6LN, £375,000

Queens Drive, Bare, Morecambe, LA4 6LN - 4 months ago

Planning
~129 m²
+45 photos

ValuationOvervalued

Sold Prices£79K - £607K
Sold Prices/m²£653/m² - £3.5K/m²

 

 

Square Metres

~129.26 m²
Price/m²£2.9K/m²

Value Estimate

£280,981

 

 

End Value (After Refurb)

£331,101

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£93,750

Stamp Duty & Legal Fees

£21,900

Refurb Costs

£52,241

Bridging Loan Interest

£9,844

Total Cash In

£179,485

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£331,101

Mortgage (After Refinance)

£248,326

Mortgage LTV

75%

Cash Left In

£179,485

Equity

£82,775

Rent Range

£725 - £2,250

Rent Estimate

£1,133

Running Costs/mo

£1,281

Cashflow/mo

£-148

Cashflow/yr

£-1,779

Gross Yield

4%

Local Sold Prices

49 sold prices from £79K to £607K, average is £292.5K. £653/m² to £3.5K/m², average is £2.3K/m².

PriceDateDistanceAddressBeds 
£350K12/220.03 mi35, Queens Drive, Morecambe, Lancashire LA4 6LN4
£500K12/220.06 mi69, Bare Lane, Morecambe, Lancashire LA4 6LJ4
£385K03/230.14 mi21, Sulby Grove, Morecambe, Lancashire LA4 6HD4
£240K06/210.2 mi26, Brantwood Avenue, Morecambe, Lancashire LA4 6HB4
£379.9K06/220.21 mi5, Brantwood Avenue, Morecambe, Lancashire LA4 6HB4
£363K11/200.21 mi78, South Road, Morecambe, Lancashire LA4 6JR4
£275K11/200.22 mi10, Farnlea Drive, Morecambe, Lancashire LA4 6JU4
£318K07/230.23 mi18, Elms Drive, Morecambe, Lancashire LA4 6DQ4
£255.7K04/230.23 mi24, Bare Avenue, Morecambe, Lancashire LA4 6BE4
£252.5K11/220.26 mi32, Beach Street, Morecambe, Lancashire LA4 6BT4
£395K01/210.27 mi18, Mount Avenue, Morecambe, Lancashire LA4 6DJ4
£375K12/200.27 mi11, Mount Avenue, Morecambe, Lancashire LA4 6DJ4
£420K03/210.27 mi5, Mount Avenue, Morecambe, Lancashire LA4 6DJ4
£397.5K02/220.29 mi10, Happy Mount Court, Morecambe, Lancashire LA4 6HX4
£304.5K09/210.3 mi5, Walton Avenue, Morecambe, Lancashire LA4 6SQ4
£371.5K03/230.3 mi13, Elms Road, Morecambe, Lancashire LA4 6AP4
£240K03/210.31 mi5, Elms Road, Morecambe, Lancashire LA4 6AP4
£380K10/220.33 mi17, St Margarets Road, Morecambe, Lancashire LA4 6EF4
£425K05/230.35 mi31, Betony, Morecambe, Lancashire LA4 6JD4
£275K04/210.35 mi14, Betony, Morecambe, Lancashire LA4 6JD4
£305K01/210.35 mi34, Betony, Morecambe, Lancashire LA4 6JD4
£221K01/210.35 mi6, Mattock Crescent, Morecambe, Lancashire LA4 6QT4
£385K03/210.37 mi39, Woodrush, Morecambe, Lancashire LA4 6JB4
£410K02/210.37 mi31, Woodrush, Morecambe, Lancashire LA4 6JB4
£400K03/220.38 mi36, Woodrush, Morecambe, Lancashire LA4 6JB4
£315K01/230.41 mi1, Hexham Road, Morecambe, Lancashire LA4 6QA4
£306K12/200.51 mi8, Lonsdale Avenue, Morecambe, Lancashire LA4 6RX4
£607K08/220.51 mi29, Broadway, Morecambe, Lancashire LA4 5BQ4
£430K03/210.52 mi3, Buseph Drive, Morecambe, Lancashire LA4 6PQ4
£478K10/220.53 mi3, Buseph Drive, Morecambe, Lancashire LA4 6PQ4
£220K11/200.56 mi1, Lathom Grove, Morecambe, Lancashire LA4 5XT4
£335K05/230.59 mi29, Hyde Road, Morecambe, Lancashire LA4 6NX4
£292.5K09/210.64 mi22, Hyde Road, Morecambe, Lancashire LA4 6NU4
£190K06/230.66 mi15, Langdale Road, Morecambe, Lancashire LA4 5XA4
£180K07/210.68 mi30, South Grove, Morecambe, Lancashire LA4 5RL4
£79K01/210.69 mi6, South Grove, Morecambe, Lancashire LA4 5RL4
£79K01/210.69 mi6, South Grove, Morecambe, Lancashire LA4 5RL4
£178K03/210.71 mi15, South Avenue, Morecambe, Lancashire LA4 5RJ4
£252.5K11/200.76 mi6, Homfray Avenue, Morecambe, Lancashire LA3 3AG4
£255K04/210.76 mi32, Homfray Avenue, Morecambe, Lancashire LA3 3AG4
£263.3K12/220.78 mi42, Victoria Parade, Morecambe, Lancashire LA4 5NZ4
£165K11/220.8 mi124, Lancaster Road, Morecambe, Lancashire LA4 5QN4
£120K12/200.83 mi9, Cartmel Place, Morecambe, Lancashire LA4 5UT4
£145K12/220.85 mi22, Leyster Street, Morecambe, Lancashire LA4 5NE4
£161.5K10/220.87 mi13, Cross Street, Morecambe, Lancashire LA4 5ND4
£151K05/230.88 mi25, Cross Street, Morecambe, Lancashire LA4 5ND4
£260K05/210.93 mi14, Hadrian Road, Morecambe, Lancashire LA3 3BX4
£255K09/210.97 mi3, Foss Court, Morecambe, Lancashire LA3 3BQ4
£80K12/221 mi21, Oxford Street, Morecambe, Lancashire LA4 5JF4

Local Rents

33 rents from £725/mo to £2.3K/mo, average is £950/mo.

RentDateDistanceAddressBeds 
£2,00002/240.07 mi-4
£95004/240.29 miPrinces Crescent, Bare, Morecambe4
£90004/240.31 miMichaelson Avenue, Morecambe, LA43
£95006/240.35 miKayswell Road, Torrisholme, Morecambe3
£1,30005/240.36 miLichfield Avenue, Bare3
£1,20007/240.51 miBroadway, Morecambe4
£1,20007/240.51 miBroadway, Morecambe4
£1,10006/240.53 miBroadway, Morecambe4
£1,40007/240.55 miBroadway, Morecambe4
£90005/240.63 miDallas Road, Torrisholme, LA43
£1,50007/240.66 miEssex Road, Torrisholme3
£85001/250.73 mi-3
£77504/240.76 miThornton Road, Morecambe, LA43
£95004/240.78 miThornton Road, Morecambe3
£1,50005/240.78 miVictoria Parade, Morecambe4
£1,50008/240.78 miVictoria Parade, Morecambe4
£1,45007/240.82 miMarine Road East, Morecambe, LA43
£90004/240.86 miWhitby Road, Morecambe3
£80008/240.99 miWestover Street, Morecambe, LA43
£2,25004/240.99 mi-3
£1,95012/240.99 mi-3
£89504/240.99 mi-4
£1,00005/241.11 mi-5
£89504/241.11 miHestham Avenue, Morecambe3
£82506/241.11 miWyre Close, Grosvenor Park, Lancaster, LA33
£72508/241.12 miClarence Street, Lancaster, Morecambe3
£85006/241.14 miHampsfell Drive, Westgate, Morecambe, Lancashire3
£75011/231.19 mi-4
£95004/251.19 mi-4
£1,20006/241.2 miEuston Grove, Morecambe5
£1,20006/241.2 miEuston Grove, Morecambe5
£89504/241.22 miNelson Street, Morecambe4
£85005/241.22 miNelson St, Morecambe, LA43

Local Area Statistics

Population in LA4

26,244

Population in Morecambe

50,836

Town centre distance

1.05 miles away

Nearest school

0.30 miles away

Nearest train station

0.03 miles away

 

 

Rental demand

Balanced market

Rental growth (12m)

+8%

Sales demand

Balanced market

Capital growth (5yrs)

+28%

Property History

Price changed to £375,000

March 12, 2025

Price changed to £395,000

January 23, 2025

Listed for £415,000

December 18, 2024

Sold for £347,000

2022

Sold for £245,000

2014

Sold for £170,000

2003

Floor Plans

Description

  • Semi Detached Property +
  • Four Double Bedrooms +
  • Two Bathrooms +
  • Two Spacious Reception Rooms +
  • Fitted Kitchen +
  • Enclosed Rear Garden +
  • Off Road Parking +
  • Freehld +
  • Council Tax Band: A +
  • EPC Rating: D +

A STYLISH FAMILY HOME

Having been presented and updated to the highest standard throughout with stylish interiors, an abundance of indoor and outdoor space and modern fixtures and fittings, this enviable four double bedroom semi detached property is being proudly welcomed to the market in the sought after location of Morecambe. With planning permission to convert into two separate flats, this property flows internally with character and charm, high quality shutter blinds and fantastic car port, this property is the perfect family home ready to move straight into! Boasting converted attic, open plan living area and added conservatory, this property has everything needed for any potential buyer looking for a luxurious and stylish home! Situated conveniently close to bus routes, local schools and amenities, as well as network links to Lancaster, Heysham and major motorway links.

The property comprises briefly; a welcoming entrance porch provides access through to a hallway. The hallway guides you through to a spacious reception room, WC and houses a staircase to the first floor. The reception room leads openly on to the first reception room, open plan kitchen diner and leads through to a conservatory. The kitchen diner leads openly on to a utility room. The first floor comprises of doors on to four double bedrooms and a family bathroom. The third bedroom has ladder access on to a fantastic loft conversion. Externally there is an enclosed garden to the rear with paving, artificial lawn, decking and bedding areas with access on to the car port. To the front there is a garden with bedding areas, off road parking and car port.

For further information or to arrange a viewing please contact our office at your earliest convenience.

Ground Floor -

Porch - 3.96m x 1.91m (13' x 6'3) - Composite double glazed frosted entrance door, UPVC double glazed window, wood clad ceiling, wood effect laminate floor and hardwood single glazed door to hall.

Hall - 4.19m x 3.05m (13'9 x 10') - UPVC double glazed window, central heating radiator, coving, picture rail, wood effect laminate flooring, stairs to first floor and doors to reception room two and WC.

Wc - 1.35m x 1.17m (4'5 x 3'10) - UPVC double glazed frosted window, central heating radiator, low flush WC, wall mounted wash basin with traditional taps, tiled elevation and wood effect laminate floor.

Reception Room Two - 4.50m x 3.48m (14'9 x 11'5) - Coving, dado rail, spotlights, fireplace with granite effect hearth, integrated shelving, wood effect laminate floor, open access to reception room one and kitchen and UPVC double glazed French doors with concertina shutters to conservatory.

Reception Room One - 4.90m x 4.27m (16'1 x 14) - UPVC double glazed bay window with shutters, central heating radiator, coving. dado rail, cast iron multi fuel burner with stone hearth and oak mantle, TV point and wood effect laminate flooring.

Conservatory - 3.56m x 3.00m (11'8 x 9'10) - UPVC double glazed frosted window, UPVC double glazed window, central heating radiator, polycarbonate roof, TV point, UPVC double glazed French doors to rear.

Kitchen - 5.97m x 2.79m (19'7 x 9'2) - Two UPVC double glazed windows, two Velux windows, two central heating radiators, spotlights, range of wood effect wall and base units, granite effect worktops, tiled splash back, stainless steel sink with draining board and mixer tap, integrated electric oven, five burner gas hob, extractor hood, integrated fridge freezer, integrated dishwasher, under unit lighting, tile effect lino flooring and open access to utility room.

Utility Room - 3.12m x 1.35m (10'3 x 4'5) - Three UPVC double glazed windows, range of wood effect base units, granite effect worktops, tiled splash back, Worcester boiler, tile effect lino and UPVC double glazed frosted door to rear.

First Floor -

Landing - 4.34m x 2.21m (14'3 x 7'3) - Picture rail, smoke alarm, storage cupboard and doors to four bedrooms, bathroom and shower room.

Bedroom One - 4.14m x 3.96m (13'7 x 13') - UPVC double glazed window with shutters, central heating radiator, picture rail and fitted wardrobes.

Bedroom Two - 5.44m x 2.69m (17'10 x 8'10) - Two UPVC double glazed windows with shutters, central heating radiator, coving and picture rail.

Bedroom Three - 3.45m x 3.30m (11'4 x 10'10) - UPVC double glazed window, central heating radiator, coving, picture rail, fitted wardrobes and loft access.

Bedroom Four - 3.61m x 3.05m (11'10 x 10') - UPVC double glazed window, central heating radiator, coving and picture rail.

Bathroom - 3.00m x 2.16m (9'10 x 7'1) - UPVC double glazed frosted window, central heated towel rail, spotlights, dual flush WC, vanity top wash basin with mixer tap, panel bath with mixer tap, electric freed shower in corner enclosure, extractor fan, tiled elevation and tiled floor.

Shower Room - 1.63m x 1.37m (5'4 x 4'6) - UPVC double glazed frosted window, central heating radiator, dual flush WC, pedestal wash basin with traditional tap, electric feed shower in corner enclosure, tiled elevation and tile effect vinyl flooring.

Second Floor -

Loft Room - 7.95m x 4.65m (26'1 x 15'3) - Access by loft ladder, three Velux windows, spotlights, integrated storage and wood effect laminate flooring.

Agent Details

GF Property Sales and Lettings, Morecambe

01524 967798

Next Steps?

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