3 Bed Bungalow, Planning Permission, Morecambe, LA4 4RE, £220,000

Winthorpe Avenue, Morecambe, Lancashire, LA4 4RE - 4 months ago

Planning
ROI: 2%
~93 m²
+12 photos

ValuationOvervalued

Sold Prices£85K - £377.5K
Sold Prices/m²£1K/m² - £4.7K/m²

 

 

Square Metres

~93 m²
Price/m²£2.4K/m²

Value Estimate

£174,375

 

 

End Value (After Refurb)

£200,000

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£55,000

Stamp Duty & Legal Fees

£14,100

Refurb Costs

£37,588

Bridging Loan Interest

£5,775

Total Cash In

£114,213

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£200,000

Mortgage (After Refinance)

£150,000

Mortgage LTV

75%

Cash Left In

£114,213

Equity

£50,000

Rent Range

£725 - £2,250

Rent Estimate

£990

Running Costs/mo

£843

Cashflow/mo

£147

Cashflow/yr

£1,764

ROI

2%

Gross Yield

5%

Local Sold Prices

50 sold prices from £85K to £377.5K, average is £160.8K. £1K/m² to £4.7K/m², average is £1.9K/m².

PriceDateDistanceAddressBeds 
£178K03/210.06 mi30, Thonock Road, Morecambe, Lancashire LA4 4RG3
£110K11/200.07 mi105, Christie Avenue, Morecambe, Lancashire LA4 5UR3
£261K08/230.13 mi29, Gringley Road, Morecambe, Lancashire LA4 4RW3
£115.8K12/200.14 mi65, Christie Avenue, Morecambe, Lancashire LA4 5UP3
£163K04/210.14 mi16, St Oggs Road, Morecambe, Lancashire LA4 4RJ3
£139K02/210.15 mi12, Rochester Avenue, Morecambe, Lancashire LA4 4RH3
£182K12/200.15 mi26, Rochester Avenue, Morecambe, Lancashire LA4 4RH3
£85K06/210.15 mi2, Kentmere Grove, Morecambe, Lancashire LA4 5UF3
£125K10/210.16 mi28, Cartmel Place, Morecambe, Lancashire LA4 5UT3
£110K03/210.21 mi2, St Michaels Grove, Morecambe, Lancashire LA4 5SF3
£110K07/210.22 mi42, Ullswater Avenue, Morecambe, Lancashire LA4 5TY3
£155K07/230.22 mi43, Ullswater Avenue, Morecambe, Lancashire LA4 5TY3
£95K05/210.25 mi22, Haweswater Place, Morecambe, Lancashire LA4 5TZ3
£135K07/210.25 mi17, Brendjean Road, Morecambe, Lancashire LA4 5SE3
£185K02/230.25 mi38, Brendjean Road, Morecambe, Lancashire LA4 5SE3
£150K06/210.25 mi259, Lancaster Road, Morecambe, Lancashire LA4 5TN3
£123K02/210.25 mi269, Lancaster Road, Morecambe, Lancashire LA4 5TN3
£270K01/230.28 mi48, Foxfield Avenue, Morecambe, Lancashire LA4 4SS3
£167.5K04/210.28 mi246, Lancaster Road, Morecambe, Lancashire LA4 5TW3
£175K05/230.29 mi9, Lowlands Road, Morecambe, Lancashire LA4 5SB3
£165K04/210.29 mi93, Wingate Avenue, Morecambe, Lancashire LA4 4SN3
£140K03/210.29 mi57, Deanpoint, Morecambe, Lancashire LA3 3DJ3
£187K01/210.3 mi287, Lancaster Road, Morecambe, Lancashire LA4 5TP3
£151K11/200.3 mi3, Lathom Avenue, Morecambe, Lancashire LA4 5XR3
£232.5K05/230.3 mi11a, Lathom Avenue, Morecambe, Lancashire LA4 5XR3
£160K01/230.31 mi20, Lowlands Road, Morecambe, Lancashire LA4 5SA3
£270K07/230.32 mi3, Loupsfell Drive, Morecambe, Lancashire LA4 4SB3
£239.2K02/230.32 mi38, Lathom Grove, Morecambe, Lancashire LA4 5XT3
£176.5K11/210.32 mi33, Lathom Grove, Morecambe, Lancashire LA4 5XT3
£377.5K06/210.33 mi119, Broadway, Morecambe, Lancashire LA4 5YA3
£370K03/210.33 mi101, Broadway, Morecambe, Lancashire LA4 5YA3
£110K08/210.34 mi15a, Birklands Avenue, Morecambe, Lancashire LA4 5SH3
£205.5K01/210.35 mi18, Lathom Avenue, Morecambe, Lancashire LA4 5XS3
£211.1K11/210.36 mi15, Lathom Avenue, Morecambe, Lancashire LA4 5XS3
£172K12/200.37 mi10, Warley Avenue, Morecambe, Lancashire LA3 3AR3
£267K08/230.37 mi22, Burlington Avenue, Morecambe, Lancashire LA4 5XL3
£161.5K03/230.37 mi6, Netherlands Road, Morecambe, Lancashire LA4 5SJ3
£172.5K01/210.38 mi20, Borrowdale Grove, Morecambe, Lancashire LA4 5XJ3
£250K02/230.38 mi17, Homfray Avenue, Morecambe, Lancashire LA3 3AG3
£106K12/200.38 mi19, Maylands Square, Morecambe, Lancashire LA4 5RY3
£145K05/230.38 mi14, Maylands Square, Morecambe, Lancashire LA4 5RY3
£146K06/230.38 mi20, Maylands Square, Morecambe, Lancashire LA4 5RY3
£143K12/220.38 mi5, Maylands Square, Morecambe, Lancashire LA4 5RY3
£159.9K06/210.39 mi65, Altham Road, Morecambe, Lancashire LA4 4RU3
£136K12/220.39 mi24, Maylands Square, Morecambe, Lancashire LA4 5RY3
£319.9K12/200.39 mi89, Broadway, Morecambe, Lancashire LA4 5XX3
£130K03/230.4 mi12, Mardale Avenue, Morecambe, Lancashire LA4 5XF3
£220K02/230.41 mi9, Hayfell Avenue, Morecambe, Lancashire LA4 4TS3
£150K12/200.41 mi20, Banbury Road, Morecambe, Lancashire LA3 3NJ3
£150K12/200.41 mi20, Banbury Road, Morecambe, Lancashire LA3 3NJ3

Local Rents

31 rents from £725/mo to £2.3K/mo, average is £899/mo.

RentDateDistanceAddressBeds 
£85006/240.45 miHampsfell Drive, Westgate, Morecambe, Lancashire3
£90004/240.47 miWhitby Road, Morecambe3
£92504/240.49 miHampsfell Drive, Westgate3
£89504/240.66 miHestham Avenue, Morecambe3
£1,30005/240.67 miLichfield Avenue, Bare3
£90004/240.69 miMichaelson Avenue, Morecambe, LA43
£95004/240.7 miThornton Road, Morecambe3
£2,25004/240.71 mi-3
£1,95012/240.71 mi-3
£87501/250.72 mi-3
£90005/240.73 miDallas Road, Torrisholme, LA43
£80008/240.74 miWestover Street, Morecambe, LA43
£1,50007/240.81 miEssex Road, Torrisholme3
£75002/240.81 mi-3
£82506/240.81 miWyre Close, Grosvenor Park, Lancaster, LA33
£95006/240.81 miKayswell Road, Torrisholme, Morecambe3
£77504/240.82 miThornton Road, Morecambe, LA43
£85001/250.87 mi-3
£72508/240.92 miClarence Street, Lancaster, Morecambe3
£1,45007/240.95 miMarine Road East, Morecambe, LA43
£85005/240.97 miNelson St, Morecambe, LA43
£89504/250.99 mi-3
£85004/241.02 miGregareth Close, Lancaster3
£75005/241.17 miWest End, Morecambe, LA43
£75005/241.17 miWest End, Morecambe, LA43
£77507/241.2 miBalmoral Road, Morecambe, Lancashire, LA43
£95008/241.22 miChatsworth Road, Morecambe, Lancashire, LA43
£95008/241.22 miChatsworth Road, Morecambe, Lancashire, LA43
£95008/241.22 miChatsworth Road, Morecambe, Lancashire, LA43
£89908/241.22 miAlbert Road, Morecambe, Lancashire, LA43
£89908/241.22 miAlbert Road, Morecambe, Lancashire, LA43

Local Area Statistics

Population in LA4

26,244

Population in Morecambe

50,836

Town centre distance

0.52 miles away

Nearest school

0.30 miles away

Nearest train station

0.86 miles away

 

 

Rental demand

Balanced market

Rental growth (12m)

+8%

Sales demand

Balanced market

Capital growth (5yrs)

+28%

Property History

Price changed to £220,000

March 20, 2025

Listed for £230,000

January 8, 2025

Floor Plans

Description

  • Three bedroom semi detached dormer bungalow +
  • Extended kitchen diner +
  • Modern Shower room +
  • Immaculate condition +
  • Driveway and garage +
  • Well maintained and low maintenance gardens +
  • Potting shed +
  • New Roof +
  • NO CHAIN +
  • PLanning Permission Granted for - Proposed Lawful Development Certificate for the construction of a hip to gable extension, replacement dormer extension to the rear elevation and (truncated) +

Welcome to this beautifully presented three double bedroom semi-detached dormer bungalow, nestled in a highly desirable area of Westgate. This charming property has been meticulously cared for and boasts a range of upgrades completed within the last two years, including a new roof with added insulation, partial new windows, a stylish new front door, and full decoration throughout.

The accommodation is gas central heated, fully double glazed and briefly comprises: As you enter, you are greeted by a welcoming front porch that leads into a spacious living room featuring a fireplace, perfect for cozy evenings. The ground floor offers two generously sized double bedrooms, with the master bedroom benefiting from fitted wardrobes for added convenience. A modern shower room complements the living space, providing a fresh and contemporary feel. Available with no chain delay.

The heart of this home is the extended modern kitchen diner, which offers ample storage cupboards and a perfect setting for family meals and entertaining. An under-stair storage cupboard adds practicality, while the staircase adorned with beautiful glass panelling enhances the overall aesthetic.

On the upper floor, you will find a large double bedroom that is flooded with natural light, providing a serene retreat. This bedroom also features access to the eaves, offering additional storage space.

Externally, the property boasts a low-maintenance garden to the front, complemented by a gated driveway leading to an garage. The rear garden is a true delight, featuring a well-maintained space with a flag-paved patio area, ideal for outdoor gatherings, and a large secure potting shed for gardening enthusiasts.

Situated in the popular area of Westgate, walking distance to the parade of shops, supermarket, Doctors surgery, Church and regular bus routes to Morecambe town centre and Lancaster City centre. Including walking distance to the cycle track with easy links to Lancaster and Morecambe Town Centre.

This exceptional bungalow presents a rare opportunity to own a beautifully maintained home in a sought-after location. Don't miss out on the chance to make this your dream home!

Freehold
Council Tax Band - B

Agent Details

Entwistle Green, Morecambe

01524 967563

Next Steps?

This deal was sourced from Rightmove. Contact the landlord/agent for a viewing now 💪