2 Bed Flat, Single Let, Morecambe, LA3 3SW, £120,000

Duddon Close, Grovesnor Park | Two bedroom apartment, LA3 3SW - 1 views - 2 months ago

Leasehold
BTL
ROI: 5%
~68 m²
+10 photos

ValuationOvervalued

Sold Prices£58K - £259K
Sold Prices/m²£1.1K/m² - £3.1K/m²

 

 

Square Metres

~68.11 m²
Price/m²£1.8K/m²

Value Estimate

£112,836

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£30,000

Stamp Duty & Legal Fees

£4,800

Total Cash In

£34,800

 

 

Cash Out

 

Rent Range

£650 - £1,750

Rent Estimate

£691

Running Costs/mo

£533

Cashflow/mo

£158

Cashflow/yr

£1,894

ROI

5%

Gross Yield

7%

Local Sold Prices

34 sold prices from £58K to £259K, average is £94.1K. £1.1K/m² to £3.1K/m², average is £1.7K/m².

PriceDateDistanceAddressBeds 
£90K07/210.05 mi14, Wenning Court, Morecambe, Lancashire LA3 3SH2
£89K11/200.05 mi23, Wenning Court, Morecambe, Lancashire LA3 3SH2
£103K03/210.22 mi3, Stanhope Court, Morecambe, Lancashire LA3 3AF2
£63K08/210.32 mi6, Lancambe Court, Lancaster, Lancashire LA1 5TG2
£82.5K05/210.32 mi23, Lancambe Court, Lancaster, Lancashire LA1 5TG2
£70K02/210.32 mi28, Lancambe Court, Lancaster, Lancashire LA1 5TG2
£89K01/210.37 mi18, Leycester Drive, Lancaster, Lancashire LA1 5HW2
£105K12/220.5 mi34, Old Hall Close, Morecambe, Lancashire LA4 6NL2
£99K02/230.5 mi2, Old Hall Close, Morecambe, Lancashire LA4 6NL2
£80K12/200.5 mi23, Old Hall Close, Morecambe, Lancashire LA4 6NL2
£93.3K12/200.5 mi37, Old Hall Close, Morecambe, Lancashire LA4 6NL2
£95K06/210.5 mi1, Old Hall Close, Morecambe, Lancashire LA4 6NL2
£75K02/210.5 mi18, Old Hall Close, Morecambe, Lancashire LA4 6NL2
£77K12/200.5 mi33, Old Hall Close, Morecambe, Lancashire LA4 6NL2
£79.5K12/200.5 mi36, Old Hall Close, Morecambe, Lancashire LA4 6NL2
£105K10/220.5 mi11, Old Hall Close, Morecambe, Lancashire LA4 6NL2
£92.5K10/220.5 mi28, Old Hall Close, Morecambe, Lancashire LA4 6NL2
£120K12/220.51 mi10, Dallas Court, Morecambe, Lancashire LA4 6NN2
£108K11/220.57 mi38, Ennerdale Avenue, Morecambe, Lancashire LA4 5UQ2
£120K10/220.62 mi2, Braemar Court, Morecambe, Lancashire LA4 5YB2
£259K08/210.63 mi58, Slyne Road, Morecambe, Lancashire LA4 6PD2
£109K10/210.63 mi11, Braemar Court, Morecambe, Lancashire LA4 5YB2
£250K11/200.71 mi7, Sizergh Road, Morecambe, Lancashire LA4 6TL2
£155K09/220.74 miFlat 1, Princes Gardens, Bare Lane, Morecambe, Lancashire LA4 6RS2
£58K12/200.77 mi10, Monkswood Avenue, Morecambe, Lancashire LA4 6TW2
£135K10/210.77 mi4, Walton Avenue, Morecambe, Lancashire LA4 6SH2
£80K11/200.77 mi52, Watery Lane, Lancaster, Lancashire LA1 2SL2
£80K11/200.77 mi52, Watery Lane, Lancaster, Lancashire LA1 2SL2
£227K12/200.78 mi29, Brampton Drive, Morecambe, Lancashire LA4 6QS2
£124K03/230.85 mi212, Lancaster Road, Morecambe, Lancashire LA4 5TL2
£100K11/210.95 mi14, Nicholson Crescent, Morecambe, Lancashire LA4 6UE2
£79K01/210.96 mi17, Greenset Close, Lancaster, Lancashire LA1 2PN2
£88K06/230.96 mi7, Greenset Close, Lancaster, Lancashire LA1 2PN2
£142K03/230.99 mi3, Fairlea Avenue, Morecambe, Lancashire LA4 6JY2

Local Rents

39 rents from £650/mo to £1.8K/mo, average is £850/mo.

RentDateDistanceAddressBeds 
£75009/240.04 mi-2
£75008/240.04 miMorecambe, Morecambe, LA32
£90011/240.13 mi-2
£80008/240.42 miLancaster Road, Torrisholme, Morecambe2
£75008/240.55 miLoweswater Drive, Morecambe2
£77505/240.74 miLeamington Road, Westgate, Morecambe2
£95006/240.75 miNew Quay Road, Lancaster2
£85005/240.77 miAnstable Road, Morecambe2
£85005/240.86 miCowdrey Mews, Lancaster, LA12
£67504/240.9 miAtherton Road, Lancaster, LA12
£99505/240.96 miLune Road, Lancaster2
£99512/240.98 mi-2
£92506/241.02 miDorchester Gardens, Westgate, Morecambe, Lancashire, LA32
£89505/241.03 miWillow Lane, Lancaster2
£87502/241.03 mi-2
£79504/241.03 mi-2
£87502/251.03 mi-2
£95005/241.04 mi-2
£90005/241.05 mi-2
£90005/241.05 miWillow Grove, Morecambe2
£80005/241.08 mi-2
£95005/241.09 miRiver View Apartments, Lancaster, LA12
£72508/241.1 miWestgate, Westgate, Morecambe, Lancashire2
£77508/241.11 miGleneagles Drive, Morecambe2
£65005/241.12 miBeaumont Park, Lancaster, LA12
£1,75012/241.13 mi-2
£87507/241.14 miSulby Grove, Morecambe2
£87507/241.14 miSulby Grove, Morecambe2
£85002/251.15 mi-2
£95007/241.15 miSunnyfield Avenue, Morecambe2
£70005/241.16 miCrewgarth Road, Westgate, Morecambe, LA32
£85002/251.22 mi-2
£70007/241.22 mi-2
£85010/241.22 mi-2
£95004/241.22 mi-2
£90001/251.23 mi-2
£75007/241.23 miTudor Grove, Morecambe2
£89505/241.23 mi-2
£79504/241.24 miLeyster Street, Morecambe2

Local Area Statistics

Population in LA3

24,587

Population in Morecambe

50,836

Town centre distance

1.17 miles away

Nearest school

0.10 miles away

Nearest train station

1.04 miles away

 

 

Rental growth (12m)

-2%

Sales demand

Buyer's market

Capital growth (5yrs)

+31%

Property History

Listed for £120,000

January 30, 2025

Floor Plans

Description

  • Apartment | First Floor +
  • Two Bedrooms +
  • One Reception Room +
  • Kitchen +
  • Three Piece Bathroom +
  • Allocated Parking Space +
  • Electric Heating +
  • Modern uPVC Windows +

Location Welcome to Duddon Close located on Grovesnor Park in Morecambe. Positioned on the edge of Morecambe and north Lancaster, this area has been popular ever since it was built in the mid-1990s, with its own primary school, playpark, and peaceful wooded area. To live here means to be well connected with both Morecambe Town Centre and Lancaster City Centre, which are reachable by car in 10 minutes. The Bay Gateway is also just around the corner, so if you commute further afield this will be very convenient. Locally there is a large Asda super market and an Aldi, as well as Salt Ayre Sports centre with gym, pool and running track. You can also access the cycle path easily or walk along the River Lune. Overview This two-bedroom first-floor apartment offers a comfortable living space with its own private entrance and stairs leading up to the hallway. The bright and spacious living room is a standout feature, benefiting from a south-facing window that allows plenty of natural light to flood the room. The fitted kitchen is well-designed with a U-shaped layout, providing ample worktop space and the potential to accommodate a small table and chairs for casual dining. At the end of the hallway, you'll find a modern three-piece bathroom, finished to a high standard. The master bedroom is a generous double, offering plenty of space for furniture and relaxation, while the second bedroom is a cosy single, ideal for a variety of uses, including a home office or guest room. The apartment is neutrally decorated throughout, allowing for a variety of personal styles to be easily incorporated. Externally, the property benefits from allocated parking at the rear of the building, adding a further level of convenience. This well-presented apartment is perfect for those seeking a comfortable, low-maintenance home with excellent natural light and practical features. It is ideally suited for individuals, couples, or small families looking for a convenient and homely space. Leasehold Information This is a leasehold property. We are currently in discussion with the vendors to confirm Ground Rent and Service charges. It is a  999-year term which started  30/10/1996 Key Information

  • The uPVC Double Glazing has been updated

  • Allocated parking to the rear of the building

  • Electric heaters - Some of been updated recently

  • Only Tax Band A

  • Quiet cul-de-sac location

EPC Rating: D

Agent Details

JD Gallagher Estate Agents, Lancaster

01524 967550

Next Steps?

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