2 Bed Semi-Detached House, Single Let, Morecambe, LA3 3QE, £129,950

Campion Way, Morecambe, LA3 3QE - 3 views - 2 months ago

Sold STC
BTL
ROI: 5%
~68 m²
+4 photos

ValuationUndervalued

Sold Prices£74K - £226K
Sold Prices/m²£937/m² - £3.8K/m²

 

 

Square Metres

~68.11 m²
Price/m²£1.9K/m²

Value Estimate

£159,294
BMV23%

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£32,488

Stamp Duty & Legal Fees

£5,099

Total Cash In

£37,586

 

 

Cash Out

 

Rent Range

£650 - £1,750

Rent Estimate

£713

Running Costs/mo

£569

Cashflow/mo

£144

Cashflow/yr

£1,732

ROI

5%

Gross Yield

7%

Local Sold Prices

51 sold prices from £74K to £226K, average is £138K. £937/m² to £3.8K/m², average is £2.3K/m².

PriceDateDistanceAddressBeds 
£121K04/210.01 mi19, Campion Way, Morecambe, Lancashire LA3 3QE2
£125K02/230.01 mi31, Campion Way, Morecambe, Lancashire LA3 3QE2
£125K05/230.01 mi7, Campion Way, Morecambe, Lancashire LA3 3QE2
£105K12/200.05 mi8, Teasel Walk, Morecambe, Lancashire LA3 3QQ2
£105K04/210.05 mi2, Teasel Walk, Morecambe, Lancashire LA3 3QQ2
£125K05/230.05 mi6, Teasel Walk, Morecambe, Lancashire LA3 3QQ2
£108K11/210.06 mi5, Yarrow Walk, Morecambe, Lancashire LA3 3QG2
£96K02/210.08 mi7, Burdock Walk, Morecambe, Lancashire LA3 3QJ2
£90K07/210.08 mi22, Burdock Walk, Morecambe, Lancashire LA3 3QJ2
£110K12/200.1 mi4, Bryony Court, Morecambe, Lancashire LA3 3QL2
£176K11/220.11 mi112, Westgate, Morecambe, Lancashire LA3 3DG2
£115.5K12/200.11 mi15, Reedmace Walk, Morecambe, Lancashire LA3 3QW2
£106.5K12/220.11 mi18, Reedmace Walk, Morecambe, Lancashire LA3 3QW2
£135K11/220.12 mi10, Reedmace Walk, Morecambe, Lancashire LA3 3QW2
£125K10/220.12 mi8, Reedmace Walk, Morecambe, Lancashire LA3 3QW2
£100K06/210.12 mi14, Sedge Court, Morecambe, Lancashire LA3 3QN2
£125K01/210.17 mi16, Canterbury Close, Heaton With Oxcliffe, Morecambe, Lancashire LA3 3RD2
£139K04/210.17 mi9, Canterbury Close, Heaton With Oxcliffe, Morecambe, Lancashire LA3 3RD2
£225K02/230.19 mi9, Dorchester Gardens, Morecambe, Lancashire LA3 3LR2
£163.4K09/210.22 mi7, Lawnswood Drive, Morecambe, Lancashire LA3 3LU2
£179.9K09/210.22 mi17, Lawnswood Drive, Morecambe, Lancashire LA3 3LU2
£226K07/230.22 mi44, Lawnswood Drive, Morecambe, Lancashire LA3 3LU2
£226K07/230.22 mi44, Lawnswood Drive, Morecambe, Lancashire LA3 3LU2
£110K12/200.24 mi1, Lambrigg Close, Morecambe, Lancashire LA4 4UE2
£195K11/220.26 mi1, Acorn Garden, Morecambe, Lancashire LA3 3PG2
£74K09/210.29 mi9, St Johns Terrace, Morecambe, Lancashire LA3 3EE2
£136K04/210.3 mi11, Hampsfell Drive, Morecambe, Lancashire LA4 4TT2
£165K05/230.31 mi2, Ellwood Grove, Morecambe, Lancashire LA3 3NQ2
£137K10/210.31 mi6, Hampsfell Drive, Morecambe, Lancashire LA4 4TT2
£162.5K07/230.32 mi45, Hampsfell Drive, Morecambe, Lancashire LA4 4TU2
£148K09/210.34 mi78, White Lund Road, Morecambe, Lancashire LA3 3DU2
£140K10/210.35 mi76, White Lund Road, Morecambe, Lancashire LA3 3DU2
£147K08/230.35 mi15, Altham Road, Morecambe, Lancashire LA4 4UG2
£147K05/210.39 mi28, Altham Road, Morecambe, Lancashire LA4 4UQ2
£180K09/210.4 mi10, Helmside Avenue, Morecambe, Lancashire LA4 4SX2
£168K12/220.4 mi29, Osborne Grove, Morecambe, Lancashire LA4 4PN2
£170K12/220.46 mi25, Hawkshead Drive, Morecambe, Lancashire LA4 4SP2
£138K09/210.47 mi86, Wingate Avenue, Morecambe, Lancashire LA4 4SL2
£100K09/210.47 mi21, Osborne Grove, Morecambe, Lancashire LA4 4PL2
£175K04/210.49 mi8, Bertram Avenue, Morecambe, Lancashire LA4 4PW2
£115K06/210.49 mi16, Bartholomew Road, Morecambe, Lancashire LA4 4RR2
£142.5K10/210.51 mi3, Rysdale Crescent, Morecambe, Lancashire LA4 4RS2
£115K12/200.51 mi120, Schola Green Lane, Morecambe, Lancashire LA4 4PX2
£122K10/220.51 mi130, Schola Green Lane, Morecambe, Lancashire LA4 4PX2
£140K05/230.51 mi30, Bartholomew Road, Morecambe, Lancashire LA4 4RR2
£169.9K12/220.52 mi92, Acre Moss Lane, Morecambe, Lancashire LA4 4ND2
£155K03/230.53 mi68, Osborne Road, Heysham, Morecambe, Lancashire LA3 1AA2
£160K09/210.54 mi9, Westgate Park Road, Morecambe, Lancashire LA4 4RN2
£128K06/210.54 mi11, Windsor Avenue, Morecambe, Lancashire LA4 4LR2
£157K04/210.57 mi50, Rochester Avenue, Morecambe, Lancashire LA4 4RH2
£181K05/230.59 mi22, Kenwood Avenue, Morecambe, Lancashire LA4 4PB2

Local Rents

12 rents from £650/mo to £1.8K/mo, average is £825/mo.

RentDateDistanceAddressBeds 
£70005/240.04 miCrewgarth Road, Westgate, Morecambe, LA32
£75002/250.07 mi-2
£72508/240.13 miWestgate, Westgate, Morecambe, Lancashire2
£92506/240.19 miDorchester Gardens, Westgate, Morecambe, Lancashire, LA32
£85002/250.19 mi-2
£85002/250.27 mi-2
£95005/240.31 mi-2
£80005/240.35 mi-2
£1,75012/240.46 mi-2
£87502/240.5 mi-2
£65005/240.58 miHutton Grove, Morecambe, LA42
£77505/240.59 miLeamington Road, Westgate, Morecambe2

Local Area Statistics

Population in LA3

24,587

Population in Morecambe

50,836

Town centre distance

0.63 miles away

Nearest school

0.10 miles away

Nearest train station

0.86 miles away

 

 

Rental growth (12m)

-2%

Sales demand

Buyer's market

Capital growth (5yrs)

+31%

Property History

Listed for £129,950

January 29, 2025

Floor Plans

Description

Well-presented two bedroom mid town house situated on the popular Summerfields development, conveniently located for Westgate shopping precinct amenities, Lidl and Tesco supermarkets, primary school, regular bus services to Morecambe and Lancaster and close to a playing field and play area. The accommodation is fully uPVC double glazed, gas central heated from a 'combi' boiler and briefly comprises: front entrance, hallway, lounge diner with feature fireplace, fitted kitchen, staircase and first floor landing, two bedrooms and bathroom/wc. Outside the property there is a paved and stone chipped front garden and a fully enclosed rear patio garden. There is also an allocated parking space at the rear of the property. This house will particularly appeal to the first time buyer/investor or indeed any purchaser seeking a competitively priced modern home in a popular and convenient location. Internal viewings are highly recommended. Sold with NO UPWARD CHAIN.

FRONT ENTRANCE

Open canopy over the front door. Outside light. External gas & electric meters. uPVC double glazed front door.

HALLWAY

Telephone point. Ceiling light. Understairs storage. Staircase to the first floor.

KITCHEN 2.62m x 1.70m
(8'6" x 5'6")

uPVC double glazed window. Ceiling light. Electic power points. Fitted kitchen furniture comprising base units, wall units and drawers. Working surfaces in part to three walls with inset sink with mixer tap. Integrated electric oven with four ring hob, cooker hood with extractor fan and light. Space and plumbing for a washing machine. Space for a fridge freezer.

LOUNGE DINER 4.18m x 3.56m
(13'7" x 11'7")

uPVC double glazed sliding patio doors leading out to the garden. Ceiling light. Electric power points. Central heating radiator. Feature fireplace.

STAIRCASE TO THE FIRST FLOOR

LANDING

Ceiling light. Cupboard housing the Potterton gas combination boiler. Access into the roof space.

BEDROOM ONE 3.68m x 3.55m
(12'1" x 11'6")
L-shaped

uPVC double glazed window. Central heating radiator. Ceiling light. Electric power points.

BEDROOM TWO 3.13m x 1.64m
(10'3" x 5'4")

uPVC double glazed window. Central heating radiator. Ceiling light. Electric power points.

BATHROOM/WC 2.03m x 1.81m
(6'7" x 5'9")

uPVC double glazed patterned window. Three piece suite comprising: bath, wash hand basin set into a vanity unit and wc. Central heating radiator. Ceiling light.

OUTSIDE THE PROPERTY

FRONT GARDEN

Easy to maintain front garden, laid to stone chippings.

REAR GARDEN

Laid to paving with stone chippings. enclosed by concrete posts and timber fencing. Timber gate providing access for bin removal.

TENURE: FREEHOLD

SERVICES: Mains water, mains drainage, mains electric, mains gas. Local Authority Lancaster City Council. Council Tax Band A. Amount payable for the financial year 2024/25 being £1570.41. Please note that this is a verbal enquiry only. We strongly recommend that potential purchasers verify the information direct.

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

Agent Details

ibay Homes, Morecambe

01524 952012

Next Steps?

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