3 Bed Semi-Detached House, Single Let, Morecambe, LA4 5NY, £249,950

365 Lancaster Road, Torrisholme, Morecambe LA4 6LZ - 2 views - 3 months ago

Under Offer
BTL
~93 m²
+5 photos

ValuationOvervalued

Sold Prices£51K - £395K
Sold Prices/m²£396/m² - £4.2K/m²

 

 

Square Metres

~93 m²
Price/m²£2.7K/m²

Value Estimate

£171,371

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

£725 - £2,250

Rent Estimate

£784

Running Costs/mo

£958

Cashflow/mo

£-174

Cashflow/yr

£-2,087

Gross Yield

4%

Local Sold Prices

50 sold prices from £51K to £395K, average is £158.8K. £396/m² to £4.2K/m², average is £1.8K/m².

PriceDateDistanceAddressBeds 
£395K10/210.13 miTown Hall Cottage, Marine Road East, Morecambe, Lancashire LA4 5AG3
£180K07/230.13 mi47, Dallam Avenue, Morecambe, Lancashire LA4 5BB3
£202K04/230.21 mi95, Thornton Road, Morecambe, Lancashire LA4 5PG3
£51K02/210.26 mi17, Rose Street, Morecambe, Lancashire LA4 5JB3
£185.8K01/230.28 mi128, Thornton Road, Morecambe, Lancashire LA4 5PL3
£207.5K06/230.32 mi158, Thornton Road, Morecambe, Lancashire LA4 5NW3
£172.5K11/200.34 mi29, Bellfield Road, Morecambe, Lancashire LA4 5NQ3
£330K05/230.35 mi14, Pembroke Avenue, Morecambe, Lancashire LA4 6EJ3
£130K06/210.35 mi20, Cross Street, Morecambe, Lancashire LA4 5ND3
£155K06/230.35 mi34, Cross Street, Morecambe, Lancashire LA4 5ND3
£140K10/210.38 mi11, Fairhaven Way, Morecambe, Lancashire LA4 5BP3
£124K06/230.38 mi8, Westover Street, Morecambe, Lancashire LA4 5LZ3
£115K07/210.38 mi23, Westover Street, Morecambe, Lancashire LA4 5LZ3
£275K02/210.38 mi8, Stuart Avenue, Morecambe, Lancashire LA4 6EB3
£52K05/210.39 mi166, Euston Road, Morecambe, Lancashire LA4 5LE3
£147K10/220.4 mi57, Clarence Street, Morecambe, Lancashire LA4 5EY3
£225K07/210.4 mi19, South Road, Morecambe, Lancashire LA4 5RE3
£85K11/200.41 mi13, Primrose Street, Morecambe, Lancashire LA4 5LS3
£257.5K12/200.41 mi6, Colwyn Avenue, Morecambe, Lancashire LA4 6EQ3
£220K01/210.41 mi2, Colwyn Avenue, Morecambe, Lancashire LA4 6EQ3
£133K12/200.45 mi33, South Grove, Morecambe, Lancashire LA4 5RL3
£191.5K11/210.46 mi26, Bowfell Avenue, Morecambe, Lancashire LA4 5XD3
£180K02/230.46 mi18, Bowfell Avenue, Morecambe, Lancashire LA4 5XD3
£150K02/210.46 mi18, Bowfell Avenue, Morecambe, Lancashire LA4 5XD3
£150K11/200.46 mi12, Bowfell Avenue, Morecambe, Lancashire LA4 5XD3
£120K04/210.46 mi16, Langdale Road, Morecambe, Lancashire LA4 5XA3
£160K04/210.47 mi19, South Avenue, Morecambe, Lancashire LA4 5RJ3
£312.5K06/230.47 mi16, Lichfield Avenue, Morecambe, Lancashire LA4 6EA3
£250K11/210.48 mi21, Seaborn Road, Morecambe, Lancashire LA4 6BA3
£114.5K06/210.48 mi27, George Street, Morecambe, Lancashire LA4 5SU3
£137K11/220.48 mi11, George Street, Morecambe, Lancashire LA4 5SU3
£255K10/210.48 mi36, Wakefield Avenue, Morecambe, Lancashire LA4 6DY3
£157.5K05/230.49 mi14, Bateman Grove, Morecambe, Lancashire LA4 5TB3
£220K08/210.5 mi1, Seaborn Grove, Morecambe, Lancashire LA4 6BH3
£259.9K09/210.5 mi2, Elkin Road, Morecambe, Lancashire LA4 5RN3
£135K03/230.51 mi9, Whitby Road, Morecambe, Lancashire LA4 5ST3
£272K01/230.52 mi5, Beaufort Road, Morecambe, Lancashire LA4 6TY3
£130K03/230.53 mi12, Mardale Avenue, Morecambe, Lancashire LA4 5XF3
£245K07/220.53 mi7, Beaufort Grove, Morecambe, Lancashire LA4 6UF3
£164K02/210.53 mi11, Ruskin Drive, Morecambe, Lancashire LA4 6EY3
£110K03/210.54 mi35, Croft Street, Morecambe, Lancashire LA4 5SS3
£100K11/200.54 mi8, Croft Street, Morecambe, Lancashire LA4 5SS3
£120K11/220.54 mi15, Croft Street, Morecambe, Lancashire LA4 5SS3
£120K12/200.54 mi2, Thomas Grove, Morecambe, Lancashire LA4 5TF3
£145K01/210.54 mi13, Nicholson Crescent, Morecambe, Lancashire LA4 6UE3
£85K11/210.55 mi27, Buxton Street, Morecambe, Lancashire LA4 5SR3
£172.5K01/210.56 mi20, Borrowdale Grove, Morecambe, Lancashire LA4 5XJ3
£229K01/230.57 mi8, Beulah Avenue, Morecambe, Lancashire LA4 6UD3
£267K08/230.57 mi22, Burlington Avenue, Morecambe, Lancashire LA4 5XL3
£136K12/220.57 mi24, Maylands Square, Morecambe, Lancashire LA4 5RY3

Local Rents

12 rents from £725/mo to £2.3K/mo, average is £898/mo.

RentDateDistanceAddressBeds 
£1,45007/240.04 miMarine Road East, Morecambe, LA43
£85001/250.05 mi-3
£77504/240.09 miThornton Road, Morecambe, LA43
£95004/240.23 miThornton Road, Morecambe3
£80008/240.37 miWestover Street, Morecambe, LA43
£72508/240.4 miClarence Street, Lancaster, Morecambe3
£2,25004/240.4 mi-3
£1,95001/250.4 mi-3
£1,30005/240.47 miLichfield Avenue, Bare3
£85005/240.5 miNelson St, Morecambe, LA43
£90004/240.5 miWhitby Road, Morecambe3
£89504/240.59 miHestham Avenue, Morecambe3

Local Area Statistics

Population in LA4

26,244

Population in Morecambe

50,836

Town centre distance

0.63 miles away

Nearest school

0.20 miles away

Nearest train station

0.74 miles away

 

 

Rental demand

Balanced market

Rental growth (12m)

+8%

Sales demand

Balanced market

Capital growth (5yrs)

+28%

Property History

Listed for £249,950

January 20, 2025

Floor Plans

Description

Well-presented three bedroom extended semi-detached house conveniently situated close to Morecambe town centre, local schools and the sea front promenade. Victoria Parade continues to be a highly sought after address and this particular property is uPVC double glazed and gas central heated from a 'combi' boiler. The accommodation briefly comprises: front entrance porch, hallway, bay fronted lounge, separate dining/living room with patio doors to the rear garden and open access into the modern fitted kitchen with integrated oven & hob, laundry area, ground floor wc, staircase and first floor landing, three bedrooms and three-piece bathroom/wc. Outside the property there is a tarmacadam front garden and fully enclosed Indian stone paved rear garden with elevated patio. This property will appeal to a range of buyers seeking a 'ready to move into' home in a popular and convenient location and internal viewings are highly recommended and will certainly not disappoint.

FRONT ENTRANCE PORCH
Composite double glazed door. uPVC double glazed windows. Inner glazed door into:

HALLWAY
Central heating radiator. Telephone point. Coving. Ceiling light. Electric power points. Understairs storage cupboard with window and light housing the gas meter, electric meter and consumer unit.

LOUNGE 3.77m (excluding the bay) x 3.73m (12'4'' x 12'3'')
uPVC double glazed compass bay window to the front elevation. Central heating radiator. Coving. Picture rail. Ceiling light. Electric power points.

OPEN PLAN LIVING/DINER/KITCHEN

LIVING/DINING ROOM 4.47m x 3.53m (14'8'' x 11'7'')
uPVC double glazed French doors leading out to the garden. Central heating radiator. Coving. Picture rail. Ceiling light. Electric power points. Open access into:

KITCHEN 5.00m x 2.37m (16'5'' x 7'9'')
uPVC double glazed windows to the side elevations. Central heating radiator. Range of fitted base units, wall units (with lighting underneath) and drawers with a modern white high gloss finish. Complementary working surfaces and tiled splashbacks in part to two walls with inset single bowl stainless steel sink with mixer tap. Built-in 'Beko' electric oven, four ring 'Indesit' gas hob and stainless steel cooker hood with extractor fan and light. Space for fridge freezer. 'GlowWorm' gas combination condensing boiler (in larder unit). Ceiling lights. Electric power points. Open into:

LAUNDRY AREA
uPVC double glazed window. Working surface with plumbing/space below for washing machine. Power and light. Access into:

GROUND FLOOR WC
uPVC double glazed window. Mini wash hand basin and wc. Fully aquaboarded floor to ceiling. Ceiling light.

STAIRCASE FROM HALLWAY TO FIRST FLOOR

LANDING
uPVC double glazed window to the side elevation. Ceiling light. Electric power point. Access via a drop down ladder into the insulated and part boarded roof space.

BEDROOM ONE 3.78m (excluding the bay) x 3.55m (12'5'' x 11'8'')
uPVC double glazed compass bay window to the front elevation. Central heating radiator. Picture rail. Ceiling light. Electric power points.

BEDROOM TWO 3.96m x 3.50m (13'0'' x 11'6'')
uPVC double glazed window to the rear elevation. Central heating radiator. Picture rail. Ceiling light. Electric power points.

BEDROOM THREE 2.53m x 2.07m (8'4'' x 6'10'')
uPVC double glazed window to the front elevation. Central heating radiator. Ceiling light. Electric power points.

BATHROOM/WC 2.13m x 2.66m (7'0'' x 8'9'')
uPVC double glazed window to the rear elevation. Heated chromium towel rail. Three piece suite in white comprising P-shaped bath with wall mounted mixer shower and curved shower screen, pedestal wash hand basin and wc. Fully aquaboarded around the bath. Mirror fronted bathroom cabinet. Ceiling lights. Extractor fan.

OUTSIDE THE PROPERTY

FRONT GARDEN
Laid to tarmacadam. Gated access and pathway (with outside tap) leading down the side of the property with steps down into the rear garden.

REAR GARDEN
Elevated patio with glass balustrade and gate and steps leading down into the Indian stone paved enclosed garden. Surrounded by walls and timber fencing.

TENURE Freehold

SERVICES Mains water, mains drainage, mains electricity, mains gas. Local Authority Lancaster City Council. Council Tax Band C. Amount payable for the financial year 2024/25 being £2093.88. Please note that this is a verbal enquiry only. We strongly recommend that prospective purchasers verify the information direct.

Council Tax Band: C (Lancaster City Council)
Tenure: Freehold

Agent Details

ibay Homes, Morecambe

01524 952012

Next Steps?

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