2 Bed Bungalow, Single Let, Morecambe, LA3 1AA, £195,000

Osborne Road, Heysham, Morecambe, LA3 1AA - 2 months ago

BTL
~68 m²
+9 photos

ValuationOvervalued

Sold Prices£86.5K - £235K
Sold Prices/m²£1.3K/m² - £3.5K/m²

 

 

Square Metres

~68.11 m²
Price/m²£2.9K/m²

Value Estimate

£142,303

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£48,750

Stamp Duty & Legal Fees

£7,050

Total Cash In

£55,800

 

 

Cash Out

 

Rent Range

£425 - £1,800

Rent Estimate

£625

Running Costs/mo

£754

Cashflow/mo

£-129

Cashflow/yr

£-1,552

Gross Yield

4%

Local Sold Prices

52 sold prices from £86.5K to £235K, average is £123.5K. £1.3K/m² to £3.5K/m², average is £2.1K/m².

PriceDateDistanceAddressBeds 
£155K03/230.01 mi68, Osborne Road, Heysham, Morecambe, Lancashire LA3 1AA2
£162K07/210.11 mi13, Scott Road, Morecambe, Lancashire LA3 1AL2
£142K07/230.14 mi11, Brook Road, Morecambe, Lancashire LA3 1AX2
£142K07/230.14 mi11, Brook Road, Morecambe, Lancashire LA3 1AX2
£128K06/210.16 mi11, Windsor Avenue, Morecambe, Lancashire LA4 4LR2
£90K12/220.2 mi122b, Balmoral Road, Morecambe, Lancashire LA3 1ST2
£169.9K12/220.25 mi92, Acre Moss Lane, Morecambe, Lancashire LA4 4ND2
£100K09/210.26 mi21, Osborne Grove, Morecambe, Lancashire LA4 4PL2
£117K04/210.27 mi12, Manor Grove, Heysham, Morecambe, Lancashire LA3 1JA2
£150K06/230.27 mi1, Manor Grove, Heysham, Morecambe, Lancashire LA3 1JA2
£168K12/220.28 mi29, Osborne Grove, Morecambe, Lancashire LA4 4PN2
£175K04/210.29 mi8, Bertram Avenue, Morecambe, Lancashire LA4 4PW2
£86.5K11/200.38 mi33, Gardner Road, Heysham, Morecambe, Lancashire LA3 1RX2
£181K05/230.4 mi22, Kenwood Avenue, Morecambe, Lancashire LA4 4PB2
£92K07/210.42 mi27, Byron Road, Heysham, Morecambe, Lancashire LA3 1UH2
£108K06/210.44 mi20, Highgrove Close, Morecambe, Lancashire LA4 4NF2
£115K06/230.44 mi18, Highgrove Close, Morecambe, Lancashire LA4 4NF2
£90K06/210.46 mi18, Harrington Road, Heysham, Morecambe, Lancashire LA3 1EN2
£93K07/230.46 mi14, Harrington Road, Heysham, Morecambe, Lancashire LA3 1EN2
£93K07/230.46 mi14, Harrington Road, Heysham, Morecambe, Lancashire LA3 1EN2
£165.8K05/230.46 mi53, Lordsome Road, Heysham, Morecambe, Lancashire LA3 1JE2
£90K11/200.5 mi2, Granville Road, Heysham, Morecambe, Lancashire LA3 1EB2
£120K09/210.53 mi1, Grays Place, Heysham, Morecambe, Lancashire LA3 1JS2
£121K04/210.53 mi19, Campion Way, Morecambe, Lancashire LA3 3QE2
£125K02/230.53 mi31, Campion Way, Morecambe, Lancashire LA3 3QE2
£125K05/230.53 mi7, Campion Way, Morecambe, Lancashire LA3 3QE2
£235K11/200.54 mi9a, St Johns Grove, Heysham, Morecambe, Lancashire LA3 1ET2
£115K12/200.54 mi120, Schola Green Lane, Morecambe, Lancashire LA4 4PX2
£122K10/220.54 mi130, Schola Green Lane, Morecambe, Lancashire LA4 4PX2
£162.5K07/230.56 mi45, Hampsfell Drive, Morecambe, Lancashire LA4 4TU2
£159K04/230.56 mi62, Carleton Street, Morecambe, Lancashire LA4 4NY2
£145K02/230.56 mi18, Carleton Street, Morecambe, Lancashire LA4 4NY2
£129K12/210.56 mi5, Cumberland View Close, Heysham, Morecambe, Lancashire LA3 1HG2
£155K06/230.56 mi12, Cumberland View Close, Heysham, Morecambe, Lancashire LA3 1HG2
£105K12/200.58 mi8, Teasel Walk, Morecambe, Lancashire LA3 3QQ2
£105K04/210.58 mi2, Teasel Walk, Morecambe, Lancashire LA3 3QQ2
£125K05/230.58 mi6, Teasel Walk, Morecambe, Lancashire LA3 3QQ2
£176K11/220.58 mi112, Westgate, Morecambe, Lancashire LA3 3DG2
£173K02/230.59 mi25, Levens Drive, Heysham, Morecambe, Lancashire LA3 1JN2
£108K11/210.59 mi5, Yarrow Walk, Morecambe, Lancashire LA3 3QG2
£110K12/200.6 mi1, Lambrigg Close, Morecambe, Lancashire LA4 4UE2
£96K02/210.61 mi7, Burdock Walk, Morecambe, Lancashire LA3 3QJ2
£90K07/210.61 mi22, Burdock Walk, Morecambe, Lancashire LA3 3QJ2
£110K12/200.62 mi4, Bryony Court, Morecambe, Lancashire LA3 3QL2
£136K04/210.63 mi11, Hampsfell Drive, Morecambe, Lancashire LA4 4TT2
£116K07/210.63 mi9, Norton Road, Heysham, Morecambe, Lancashire LA3 1HA2
£115.5K12/200.65 mi15, Reedmace Walk, Morecambe, Lancashire LA3 3QW2
£106.5K12/220.65 mi18, Reedmace Walk, Morecambe, Lancashire LA3 3QW2
£135K11/220.65 mi10, Reedmace Walk, Morecambe, Lancashire LA3 3QW2
£125K10/220.65 mi8, Reedmace Walk, Morecambe, Lancashire LA3 3QW2
£100K06/210.65 mi14, Sedge Court, Morecambe, Lancashire LA3 3QN2
£132K02/210.66 mi45, Levens Drive, Heysham, Morecambe, Lancashire LA3 1JN2

Local Rents

50 rents from £425/mo to £1.8K/mo, average is £699/mo.

RentDateDistanceAddressBeds 
£75006/240.2 miBalmoral Road, Morecambe2
£69905/240.22 miRegent Road, Morecambe, Lancashire, LA32
£85008/240.22 miRegent Road, Morecambe, Lancashire, LA32
£67509/240.23 miRegent Road, Morecambe, LA32
£66507/240.23 miRegent Road, Morecambe2
£69905/240.23 miWest End2
£69905/240.23 miWest End, Morecambe, LA42
£42507/230.25 mi-2
£65006/240.27 miBalmoral Road, Heysham2
£72507/240.27 miAlbert Road, Morecambe, Lancashire, LA42
£69907/240.27 miAlbert Road, Morecambe, Lancashire, LA42
£72507/240.27 miAlbert Road, Morecambe, Lancashire, LA42
£69907/240.27 miAlbert Road, Morecambe, Lancashire, LA42
£79908/240.27 miAlbert Road, Morecambe, Lancashire, LA42
£89908/240.27 miAlbert Road, Morecambe, Lancashire, LA42
£89908/240.27 miAlbert Road, Morecambe, Lancashire, LA42
£69905/240.28 miAlbert Road, Morecambe, Lancashire, LA42
£57505/240.31 miRegent Road, LA32
£67508/240.31 miRegent Road, Morecambe2
£67509/240.31 miRegent Road, Morecambe2
£85004/240.32 miClarendon Road, Morecambe2
£62510/240.32 mi-2
£65007/230.33 mi-2
£66004/240.34 mi-2
£67512/240.34 mi-2
£67504/250.34 mi-2
£85001/250.38 mi-2
£65005/240.38 miWest End Road, Morecambe2
£1,80011/240.39 mi-2
£1,80011/240.39 mi-2
£80002/250.4 mi-2
£1,50012/230.41 mi-2
£67507/240.41 miMarine Road West, Morecambe, LA32
£69508/240.42 miWest End Road, Morecambe2
£65007/240.42 miMarine Road, Morecambe, LA32
£65008/240.42 miMarine Road, Morecambe, LA32
£77505/240.46 miHarrington Road, Heysham, LA32
£82507/240.47 miBold Street, Morecambe, Lancashire, LA32
£82507/240.47 miBold Street, Morecambe, Lancashire, LA32
£85007/240.47 miBold Street, Morecambe, Lancashire, LA32
£85008/240.47 miBold Street, Morecambe, Lancashire, LA32
£85008/240.47 miBold Street, Morecambe, Lancashire, LA32
£82508/240.47 miBold Street, Morecambe, Lancashire, LA32
£65005/240.47 miHutton Grove, Morecambe, LA42
£75002/250.47 mi-2
£62507/240.48 miMarine Road West, Morecambe2
£65006/230.49 mi-2
£85002/250.49 mi-2
£67508/240.5 miFlat 3, 20 Sefton Road, Heysham2
£69505/240.53 miWest End Road, Morecambe2

Local Area Statistics

Population in LA3

24,587

Population in Morecambe

50,836

Town centre distance

0.77 miles away

Nearest school

0.20 miles away

Nearest train station

0.63 miles away

 

 

Rental growth (12m)

-2%

Sales demand

Buyer's market

Capital growth (5yrs)

+31%

Property History

Listed for £195,000

February 13, 2025

Floor Plans

Description

  • VIRTUAL VIEWING AVAILABLE. CLICK ON THE VIDEO TOUR ABOVE +
  • Two Bedroom Semi Detached Bungalow With Drive +
  • Lounge, Dining Kitchen, Plus Rear Garden +
  • Two Good Size Bedrooms, Modern Shower Room +
  • Great Location, Close to Local Amenities And Transport Links +

This well presented two bedroom semi-detached true bungalow is situated in a popular residential location of Morecambe, close to local amenities and transport links.

The accommodation has been recently renovated and is finished to a high standard, it briefly comprises; entrance hallway good size well-presented reception room and dining kitchen with fitted wall and base units. There are two bedrooms and a modern shower room.

Externally are good sized gardens and driveway.

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?

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