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