2 Bed Terraced House, Single Let, Morecambe, LA4 6NF, £140,000

Back Grove Terrace, Morecambe, Lancashire, LA4 6NF - 2 months ago

BTL
ROI: 2%
~68 m²
+12 photos

ValuationUndervalued

Sold Prices£105K - £265K
Sold Prices/m²£1.5K/m² - £4.7K/m²

 

 

Square Metres

~68.11 m²
Price/m²£2.1K/m²

Value Estimate

£176,900
BMV22%

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£35,000

Stamp Duty & Legal Fees

£5,550

Total Cash In

£40,550

 

 

Cash Out

 

Rent Range

£545 - £1,750

Rent Estimate

£678

Running Costs/mo

£593

Cashflow/mo

£85

Cashflow/yr

£1,019

ROI

3%

Gross Yield

6%

Local Sold Prices

50 sold prices from £105K to £265K, average is £180K. £1.5K/m² to £4.7K/m², average is £2.9K/m².

PriceDateDistanceAddressBeds 
£122.5K08/210 mi1, Back Grove Terrace, Morecambe, Lancashire LA4 6NF2
£121K11/200.01 mi375, Lancaster Road, Morecambe, Lancashire LA4 6LZ2
£225K07/230.03 mi27, Kendal Drive, Morecambe, Lancashire LA4 6NE2
£120K09/210.03 mi310, Lancaster Road, Morecambe, Lancashire LA4 6LY2
£185K11/200.08 mi70, Norwood Drive, Morecambe, Lancashire LA4 6LU2
£154K06/210.1 mi7, Repton Avenue, Morecambe, Lancashire LA4 6RZ2
£145K06/210.1 mi33, Lonsdale Avenue, Morecambe, Lancashire LA4 6RY2
£119K04/230.11 mi397, Lancaster Road, Morecambe, Lancashire LA4 6NB2
£154K06/210.12 mi7, Repton Avenue, Morecambe, Lancashire LA4 6RZ2
£179.9K12/210.13 mi7, Garfield Drive, Morecambe, Lancashire LA4 6NH2
£164K11/200.19 mi5, Homfray Grove, Morecambe, Lancashire LA3 3AQ2
£235K11/220.23 mi2, Warley Avenue, Morecambe, Lancashire LA3 3AR2
£265K10/220.23 mi58, Slyne Road, Morecambe, Lancashire LA4 6PD2
£210K01/210.25 mi24, Lowther Avenue, Morecambe, Lancashire LA3 3AH2
£150K01/210.27 mi19, Michaelson Avenue, Morecambe, Lancashire LA4 6SD2
£220K04/230.27 mi19, Michaelson Avenue, Morecambe, Lancashire LA4 6SD2
£184.9K04/210.27 mi22, Lonsdale Road, Morecambe, Lancashire LA4 6SZ2
£225K07/230.29 mi45, Strickland Drive, Morecambe, Lancashire LA4 6TE2
£172K12/200.3 mi6, Stanhope Avenue, Morecambe, Lancashire LA3 3AJ2
£173K02/230.32 mi21, Mattock Crescent, Morecambe, Lancashire LA4 6QT2
£182K04/210.34 mi139, Bare Lane, Morecambe, Lancashire LA4 6RR2
£180K01/210.36 mi52, Kayswell Road, Morecambe, Lancashire LA4 6PY2
£225K04/230.36 mi60, Anstable Road, Morecambe, Lancashire LA4 6TH2
£239K06/210.37 mi23, Sizergh Road, Morecambe, Lancashire LA4 6TL2
£265K12/200.37 mi21, Sizergh Road, Morecambe, Lancashire LA4 6TL2
£189.5K08/230.38 mi4, Brampton Drive, Morecambe, Lancashire LA4 6QS2
£239.5K12/220.39 mi25, Strickland Drive, Morecambe, Lancashire LA4 6TD2
£105K11/200.4 mi35, Monkswood Avenue, Morecambe, Lancashire LA4 6TW2
£122K03/230.4 mi37, Monkswood Avenue, Morecambe, Lancashire LA4 6TW2
£162K05/230.44 mi5, Azalea Grove, Morecambe, Lancashire LA4 6TU2
£170K09/220.45 mi6, Wenning Court, Morecambe, Lancashire LA3 3SH2
£220K02/210.46 mi274, Torrisholme Road, Lancaster, Lancashire LA1 2TU2
£159K11/220.48 mi20, Severn Court, Morecambe, Lancashire LA3 3ST2
£185K04/230.48 mi111, Beaufort Road, Morecambe, Lancashire LA4 6UB2
£239.9K09/210.49 mi8, The Coppice, Morecambe, Lancashire LA4 6TS2
£225K02/210.49 mi14, The Coppice, Morecambe, Lancashire LA4 6TS2
£233K12/220.5 mi18, Redwood Drive, Morecambe, Lancashire LA4 6TP2
£213.6K03/230.51 mi118, Low Lane, Morecambe, Lancashire LA4 6PS2
£155K02/210.51 mi12, Dunsop Gardens, Morecambe, Lancashire LA3 3SL2
£190K07/230.51 mi60, Beaufort Road, Morecambe, Lancashire LA4 6UA2
£250K06/230.52 mi7, St Annes Avenue, Morecambe, Lancashire LA4 6RE2
£220K04/230.52 mi15, St Annes Avenue, Morecambe, Lancashire LA4 6RE2
£156K06/230.52 mi15, Leycester Drive, Lancaster, Lancashire LA1 5HW2
£180K01/210.55 mi31, Fulwood Drive, Morecambe, Lancashire LA4 6QX2
£164K12/200.55 mi7, Marton Drive, Morecambe, Lancashire LA4 6RB2
£162.5K03/210.55 mi13, Marton Drive, Morecambe, Lancashire LA4 6RB2
£176K02/230.55 mi8, Calder Way, Morecambe, Lancashire LA3 3RX2
£195K11/210.55 mi7, St Celias Way, Morecambe, Lancashire LA4 6SP2
£179.9K12/220.56 mi2, Winthorpe Avenue, Morecambe, Lancashire LA4 4RE2
£155K11/200.56 mi8, Victor Avenue, Morecambe, Lancashire LA4 6JX2

Local Rents

49 rents from £545/mo to £1.8K/mo, average is £800/mo.

RentDateDistanceAddressBeds 
£80008/240.01 miLancaster Road, Torrisholme, Morecambe2
£75008/240.38 miLoweswater Drive, Morecambe2
£75009/240.44 mi-2
£75008/240.44 miMorecambe, Morecambe, LA32
£85005/240.45 miAnstable Road, Morecambe2
£90010/240.52 mi-2
£90005/240.65 miWillow Grove, Morecambe2
£77505/240.71 miLeamington Road, Westgate, Morecambe2
£87507/240.75 miSulby Grove, Morecambe2
£87507/240.75 miSulby Grove, Morecambe2
£95007/240.78 miSunnyfield Avenue, Morecambe2
£77508/240.8 miGleneagles Drive, Morecambe2
£70007/240.83 mi-2
£85010/240.83 mi-2
£75007/240.84 miTudor Grove, Morecambe2
£85004/250.9 mi-2
£95006/240.9 miSt. Christophers Way, Bare, Morecambe2
£72504/240.93 miLansdowne Grove, Morecambe2
£72504/240.93 miLansdowne Grove, Morecambe2
£75007/240.93 miFlat 2 The Channings, 455 Marine Road East, Morecambe, LA4 6AD2
£72505/240.94 mi6 The Craggs, 457 - 459 Marine Road East, Morecambe2
£87502/240.95 mi-2
£75007/240.98 miElm Grove, Bare, Morecambe, Lancashire2
£1,25005/240.99 miBroadway One, Dallam Avenue, Morecambe2
£79504/240.99 miLeyster Street, Morecambe2
£95012/241.03 mi-2
£95012/241.03 mi-2
£95005/241.04 mi-2
£85003/241.04 mi-2
£85003/251.04 mi-2
£80004/251.04 mi-2
£85004/241.04 miArnside Crescent, Morecambe, LA42
£80005/241.06 mi-2
£1,75012/241.06 mi-2
£77507/241.07 miAshton Road, Morecambe2
£65005/241.07 miBeaumont Park, Lancaster, LA12
£92506/241.09 miDorchester Gardens, Westgate, Morecambe, Lancashire, LA32
£95006/241.1 miNew Quay Road, Lancaster2
£57501/251.1 mi-2
£70004/241.11 mi-2
£82505/241.11 miHazelmere Marine Road East, Morecambe2
£75012/231.11 mi-2
£70004/241.15 miSchola Green Lane, Morecambe, Lancashire2
£72508/241.16 miWestgate, Westgate, Morecambe, Lancashire2
£85005/241.19 miCowdrey Mews, Lancaster, LA12
£54508/241.2 mi-2
£85002/251.21 mi-2
£67504/241.22 miAtherton Road, Lancaster, LA12
£99512/241.23 mi-2

Local Area Statistics

Population in LA4

26,244

Population in Morecambe

50,836

Town centre distance

1.04 miles away

Nearest school

0.20 miles away

Nearest train station

0.64 miles away

 

 

Rental demand

Balanced market

Rental growth (12m)

+8%

Sales demand

Balanced market

Capital growth (5yrs)

+28%

Property History

Price changed to £140,000

March 20, 2025

Listed for £145,000

February 13, 2025

Floor Plans

Description

  • Two bedroom end terrace +
  • Immaculate throughout +
  • Modern kitchen and bathroom +
  • Good size front garden +
  • Rear yard with out building +
  • Situated in Torrisholme +
  • Walking distance to shops +

Immaculately Presented Two-Bedroom End Terrace in Sought-After Torrisholme

Welcome to this beautifully presented two-bedroom end terrace, ideally located in the desirable area of Torrisholme. This charming home combines modern amenities with inviting character, making it perfect for first-time buyers or those looking to downsize.

The accommodation is gas central heated, fully double glazed and comprises: As you enter, you'll find a cozy porch that leads into a delightful living room, featuring a multi fuel log burner and inglenook fireplace creating a welcoming atmosphere. Double doors open into a stunning modern kitchen, equipped with an electric oven, gas hob, integrated dishwasher and space for a washing machine. A staircase leads to the upper floor, while an external door provides access to the rear enclosed yard and outbuilding with power, ideal for additional storage or a workshop. The downstairs also boasts a contemporary bathroom, designed for both style and functionality.

On the first floor, you'll discover a two double bedrooms, perfect for guests, a home office, or a child's room.

Externally, the front of the property offers a charming space for a bistro table and chairs, creating an inviting outdoor area that the current owners enjoy as their main garden. This south-facing garden is perfect for soaking up the summer sun, making it an ideal spot for outdoor relaxation or entertaining.

Situated in the sought after location of Torrisholme, walking distance to the parade of shops, takeaways, hair salon and the popular “The George” public house on Torrisholme Road. Regular bus routes to the surrounding Lancaster city and Morecambe town and easy travel links to the M6 via the Bay Gateway.

This end terrace is a true gem, offering a blend of modern living and outdoor charm. Don’t miss the opportunity to make this stunning property your new home!

Freehold
Council Tax Band – B

Agent Details

Entwistle Green, Morecambe

01524 967563

Next Steps?

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