2 Bed Flat, Single Let, Morecambe, LA4 6NN, £157,500

Dallas Court, Torrisholme, Morecambe, LA4 6NN - 3 months ago

Leasehold
BTL
ROI: 1%
~68 m²
+3 photos

ValuationOvervalued

Sold Prices£58K - £259K
Sold Prices/m²£868/m² - £3.6K/m²

 

 

Square Metres

~68.11 m²
Price/m²£2.3K/m²

Value Estimate

£116,258

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£39,375

Stamp Duty & Legal Fees

£5,925

Total Cash In

£45,300

 

 

Cash Out

 

Rent Range

£575 - £1,750

Rent Estimate

£681

Running Costs/mo

£648

Cashflow/mo

£33

Cashflow/yr

£391

ROI

1%

Gross Yield

5%

Local Sold Prices

50 sold prices from £58K to £259K, average is £104K. £868/m² to £3.6K/m², average is £1.7K/m².

PriceDateDistanceAddressBeds 
£92.5K10/220.01 mi28, Old Hall Close, Morecambe, Lancashire LA4 6NL2
£99K02/230.01 mi2, Old Hall Close, Morecambe, Lancashire LA4 6NL2
£80K12/200.01 mi23, Old Hall Close, Morecambe, Lancashire LA4 6NL2
£93.3K12/200.01 mi37, Old Hall Close, Morecambe, Lancashire LA4 6NL2
£95K06/210.01 mi1, Old Hall Close, Morecambe, Lancashire LA4 6NL2
£75K02/210.01 mi18, Old Hall Close, Morecambe, Lancashire LA4 6NL2
£77K12/200.01 mi33, Old Hall Close, Morecambe, Lancashire LA4 6NL2
£79.5K12/200.01 mi36, Old Hall Close, Morecambe, Lancashire LA4 6NL2
£105K10/220.01 mi11, Old Hall Close, Morecambe, Lancashire LA4 6NL2
£105K12/220.03 mi34, Old Hall Close, Morecambe, Lancashire LA4 6NL2
£120K12/220.04 mi10, Dallas Court, Morecambe, Lancashire LA4 6NN2
£259K08/210.15 mi58, Slyne Road, Morecambe, Lancashire LA4 6PD2
£227K12/200.28 mi29, Brampton Drive, Morecambe, Lancashire LA4 6QS2
£103K03/210.3 mi3, Stanhope Court, Morecambe, Lancashire LA3 3AF2
£155K09/220.33 miFlat 1, Princes Gardens, Bare Lane, Morecambe, Lancashire LA4 6RS2
£135K10/210.34 mi4, Walton Avenue, Morecambe, Lancashire LA4 6SH2
£250K11/200.42 mi7, Sizergh Road, Morecambe, Lancashire LA4 6TL2
£58K12/200.43 mi10, Monkswood Avenue, Morecambe, Lancashire LA4 6TW2
£120K10/220.45 mi2, Braemar Court, Morecambe, Lancashire LA4 5YB2
£109K10/210.5 mi11, Braemar Court, Morecambe, Lancashire LA4 5YB2
£142K03/230.51 mi3, Fairlea Avenue, Morecambe, Lancashire LA4 6JY2
£89K01/210.52 mi18, Leycester Drive, Lancaster, Lancashire LA1 5HW2
£90K07/210.55 mi14, Wenning Court, Morecambe, Lancashire LA3 3SH2
£89K11/200.55 mi23, Wenning Court, Morecambe, Lancashire LA3 3SH2
£155K11/220.65 mi7, Hatfield Court, Morecambe, Lancashire LA4 6RQ2
£140K06/210.65 mi2, Hatfield Court, Morecambe, Lancashire LA4 6RQ2
£100K11/210.66 mi14, Nicholson Crescent, Morecambe, Lancashire LA4 6UE2
£122K10/200.67 mi2a, Sulby Grove, Morecambe, Lancashire LA4 6HD2
£108K11/220.67 mi38, Ennerdale Avenue, Morecambe, Lancashire LA4 5UQ2
£80K11/200.67 mi52, Watery Lane, Lancaster, Lancashire LA1 2SL2
£80K11/200.67 mi52, Watery Lane, Lancaster, Lancashire LA1 2SL2
£90K02/230.7 mi27, Clarence Court, Morecambe, Lancashire LA4 6DL2
£98K05/230.7 mi17, Clarence Court, Morecambe, Lancashire LA4 6DL2
£63K08/210.71 mi6, Lancambe Court, Lancaster, Lancashire LA1 5TG2
£82.5K05/210.71 mi23, Lancambe Court, Lancaster, Lancashire LA1 5TG2
£70K02/210.71 mi28, Lancambe Court, Lancaster, Lancashire LA1 5TG2
£124K03/230.71 mi212, Lancaster Road, Morecambe, Lancashire LA4 5TL2
£244K06/210.74 mi11, Chestnut Drive, Morecambe, Lancashire LA4 6HN2
£130K02/210.78 miFlat 11, Kensington Court, Bare Lane, Morecambe, Lancashire LA4 6DH2
£65K07/210.78 mi26, Stuart Avenue, Morecambe, Lancashire LA4 6EB2
£79K01/210.78 mi17, Greenset Close, Lancaster, Lancashire LA1 2PN2
£88K06/230.78 mi7, Greenset Close, Lancaster, Lancashire LA1 2PN2
£130K11/220.79 miFlat 9, Kensington Court, Bare Lane, Morecambe, Lancashire LA4 6DH2
£125K05/230.8 mi16, Palmer Grove, Morecambe, Lancashire LA4 6BQ2
£125K05/230.8 mi15, Palmer Grove, Morecambe, Lancashire LA4 6BQ2
£120K11/220.8 mi3, Tudor Grove, Morecambe, Lancashire LA4 6DP2
£184K05/230.84 mi18, The Parks, Morecambe, Lancashire LA4 6BP2
£207K06/210.84 mi23, The Parks, Morecambe, Lancashire LA4 6BP2
£165K03/210.84 mi8, The Parks, Morecambe, Lancashire LA4 6BP2
£62.5K11/200.85 miFlat 3, Homebreeze House, Beach Street, Morecambe, Lancashire LA4 6BT2

Local Rents

45 rents from £575/mo to £1.8K/mo, average is £825/mo.

RentDateDistanceAddressBeds 
£80008/240.14 miLancaster Road, Torrisholme, Morecambe2
£85005/240.51 miAnstable Road, Morecambe2
£75008/240.51 miLoweswater Drive, Morecambe2
£75009/240.54 mi-2
£75008/240.54 miMorecambe, Morecambe, LA32
£90005/240.58 miWillow Grove, Morecambe2
£90010/240.6 mi-2
£87507/240.72 miSulby Grove, Morecambe2
£87507/240.72 miSulby Grove, Morecambe2
£95007/240.77 miSunnyfield Avenue, Morecambe2
£70007/240.8 mi-2
£85010/240.8 mi-2
£75007/240.81 miTudor Grove, Morecambe2
£77505/240.84 miLeamington Road, Westgate, Morecambe2
£77508/240.85 miGleneagles Drive, Morecambe2
£85004/250.88 mi-2
£72504/240.89 miLansdowne Grove, Morecambe2
£72504/240.89 miLansdowne Grove, Morecambe2
£95006/240.91 miSt. Christophers Way, Bare, Morecambe2
£75007/240.91 miFlat 2 The Channings, 455 Marine Road East, Morecambe, LA4 6AD2
£75007/240.92 miElm Grove, Bare, Morecambe, Lancashire2
£72505/240.92 mi6 The Craggs, 457 - 459 Marine Road East, Morecambe2
£65005/240.96 miBeaumont Park, Lancaster, LA12
£1,25005/241.01 miBroadway One, Dallam Avenue, Morecambe2
£79504/241.07 miLeyster Street, Morecambe2
£87502/241.08 mi-2
£95012/241.09 mi-2
£95012/241.09 mi-2
£85003/241.1 mi-2
£85003/251.1 mi-2
£80004/251.1 mi-2
£85004/241.1 miArnside Crescent, Morecambe, LA42
£95006/241.13 miNew Quay Road, Lancaster2
£82505/241.14 miHazelmere Marine Road East, Morecambe2
£77507/241.15 miAshton Road, Morecambe2
£95005/241.17 mi-2
£57501/251.17 mi-2
£70004/241.18 mi-2
£1,75012/241.18 mi-2
£80005/241.19 mi-2
£75012/231.2 mi-2
£99512/241.22 mi-2
£85005/241.22 miCowdrey Mews, Lancaster, LA12
£92506/241.23 miDorchester Gardens, Westgate, Morecambe, Lancashire, LA32
£67504/241.24 miAtherton Road, Lancaster, LA12

Local Area Statistics

Population in LA4

26,244

Population in Morecambe

50,836

Town centre distance

1.15 miles away

Nearest school

0.20 miles away

Nearest train station

0.59 miles away

 

 

Rental demand

Balanced market

Rental growth (12m)

+8%

Sales demand

Balanced market

Capital growth (5yrs)

+28%

Property History

Listed for £157,500

January 24, 2025

Floor Plans

Description

  • VIRTUAL VIEWING AVAILABLE. CLICK ON THE VIDEO TOUR ABOVE +
  • Two Bedroom Ground Floor Flat in Morecambe +
  • Lounge, Kitchen Diner, Plus Communal Gardens +
  • Two Good Size Bedrooms, Modern Shower Room +
  • Sought After Location, Close To Amenities & Transport Links +

Fantastic opportunity to purchase this ground floor flat. The property is well presented throughout and is situated in a popular residential location in Morecambe.

On internal inspection the property briefly comprises; hallway, lounge, kitchen diner, shower room and two bedrooms. Externally the property has communal gardens and allocated parking.

Viewings are highly recommended to appreciate this superb property on offer.
Leasehold information: Ground Rent Payable: Yes
Annual Ground Rent: Not Known
Service Charge: £900 per annum including ground rent
Length of the Lease: 999 years
Start Date of the Lease: 01/02/1967
Council Tax Information: Band A

Agent Note
In order to be able to purchase a property in the UK all agents have a legal requirement to conduct identity checks on all customers involved in the transaction to fulfil their obligations under anti money laundering regulations. Farrell Heyworth outsource this check to a third party and a charge will apply. Please ask the branch for further details.

Agent Details

Farrell Heyworth, Morecambe

01524 967273

Next Steps?

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