2 Bed Flat, Single Let, Morecambe, LA4 5AN, £160,000

Empress Court, 403 Marine Road East, Morecambe, LA4 5AN - 1 views - 2 months ago

Leasehold

BTL

~68 m²

+3 photos

ValuationOvervalued

Sold Prices	£58K - £250K
Sold Prices/m²	£868/m² - £3.6K/m²

Square Metres	~68.11 m²
Price/m²	£2.3K/m²
Value Estimate	£130,339£130,339

Cashflows

Cash In
Purchase Finance	MortgageMortgage
Deposit (25%)	£40,000£40,000
Stamp Duty & Legal Fees	£6,000£6,000
Total Cash In	£46,000£46,000

Cash Out
Rent Range	£545 - £1,690£545 - £1,690
Rent Estimate	£581
Running Costs/mo	£636£636
Cashflow/mo	£-55£-55
Cashflow/yr	£-662£-662
Gross Yield	4%4%

Local Sold Prices

36 sold prices from £58K to £250K, average is £123K. £868/m² to £3.6K/m², average is £1.8K/m².

Price	Date	Distance	Address	Price/m²	m²	Beds	Type
£185K	11/20	0.19 mi	6, Hornby Terrace, Morecambe, Lancashire LA4 5QB	£1,363	136	2	Flat
£65K	07/21	0.38 mi	26, Stuart Avenue, Morecambe, Lancashire LA4 6EB	£959	68	2	Flat
£210K	09/21	0.47 mi	First Floor Flat, 461, Marine Road East, Morecambe, Lancashire LA4 6AE	-	-	2	Flat
£100K	11/21	0.49 mi	14, Nicholson Crescent, Morecambe, Lancashire LA4 6UE	£1,827	55	2	Flat
£62.5K	11/20	0.5 mi	Flat 3, Homebreeze House, Beach Street, Morecambe, Lancashire LA4 6BT	£868	72	2	Flat
£120K	11/22	0.53 mi	3, Tudor Grove, Morecambe, Lancashire LA4 6DP	£2,143	56	2	Flat
£125K	05/23	0.55 mi	16, Palmer Grove, Morecambe, Lancashire LA4 6BQ	£2,404	52	2	Flat
£125K	05/23	0.55 mi	15, Palmer Grove, Morecambe, Lancashire LA4 6BQ	£2,358	53	2	Flat
£122K	10/20	0.57 mi	2a, Sulby Grove, Morecambe, Lancashire LA4 6HD	£1,730	71	2	Flat
£184K	05/23	0.58 mi	18, The Parks, Morecambe, Lancashire LA4 6BP	-	-	2	Flat
£207K	06/21	0.58 mi	23, The Parks, Morecambe, Lancashire LA4 6BP	£3,632	57	2	Flat
£165K	03/21	0.58 mi	8, The Parks, Morecambe, Lancashire LA4 6BP	£2,619	63	2	Flat
£130K	11/22	0.59 mi	Flat 9, Kensington Court, Bare Lane, Morecambe, Lancashire LA4 6DH	-	-	2	Flat
£124K	03/23	0.61 mi	212, Lancaster Road, Morecambe, Lancashire LA4 5TL	£1,623	76	2	Flat
£130K	02/21	0.61 mi	Flat 11, Kensington Court, Bare Lane, Morecambe, Lancashire LA4 6DH	-	-	2	Flat
£98K	05/23	0.61 mi	17, Clarence Court, Morecambe, Lancashire LA4 6DL	£1,556	63	2	Flat
£90K	02/23	0.62 mi	27, Clarence Court, Morecambe, Lancashire LA4 6DL	£1,429	63	2	Flat
£100K	11/21	0.63 mi	7, Elms Road, Morecambe, Lancashire LA4 6AP	-	-	2	Flat
£112.5K	02/21	0.69 mi	14, Elm Grove, Morecambe, Lancashire LA4 6AT	£1,786	63	2	Flat
£58K	12/20	0.72 mi	10, Monkswood Avenue, Morecambe, Lancashire LA4 6TW	-	-	2	Flat
£250K	11/20	0.74 mi	7, Sizergh Road, Morecambe, Lancashire LA4 6TL	£3,086	81	2	Flat
£132.5K	08/21	0.78 mi	Apartment 8, Happy Mount House, Elms Lane, Morecambe, Lancashire LA4 6LR	£2,223	60	2	Flat
£109K	10/21	0.8 mi	11, Braemar Court, Morecambe, Lancashire LA4 5YB	£1,652	66	2	Flat
£120K	10/22	0.81 mi	2, Braemar Court, Morecambe, Lancashire LA4 5YB	-	-	2	Flat
£135K	10/21	0.82 mi	4, Walton Avenue, Morecambe, Lancashire LA4 6SH	£2,015	67	2	Flat
£155K	09/22	0.83 mi	Flat 1, Princes Gardens, Bare Lane, Morecambe, Lancashire LA4 6RS	-	-	2	Flat
£142K	03/23	0.83 mi	3, Fairlea Avenue, Morecambe, Lancashire LA4 6JY	£2,000	71	2	Flat
£244K	06/21	0.83 mi	11, Chestnut Drive, Morecambe, Lancashire LA4 6HN	£3,128	78	2	Flat
£127.5K	04/23	0.84 mi	25, Essington Avenue, Morecambe, Lancashire LA4 4PA	-	-	2	Flat
£93K	07/21	0.87 mi	87, Hampsfell Drive, Morecambe, Lancashire LA4 4TP	£1,500	62	2	Flat
£87K	03/21	0.88 mi	79, Grayrigg Drive, Morecambe, Lancashire LA4 4UL	-	-	2	Flat
£112K	03/23	0.92 mi	13, Sandringham Court, Morecambe, Lancashire LA4 4NG	£2,872	39	2	Flat
£125K	09/22	0.94 mi	20, Grayrigg Drive, Morecambe, Lancashire LA4 4UJ	£2,119	59	2	Flat
£108K	11/22	0.97 mi	38, Ennerdale Avenue, Morecambe, Lancashire LA4 5UQ	£1,662	65	2	Flat
£95K	04/21	0.99 mi	54, Hampsfell Drive, Morecambe, Lancashire LA4 4TU	£1,604	59	2	Flat
£75.5K	05/21	0.99 mi	78, Hampsfell Drive, Morecambe, Lancashire LA4 4TU	-	-	2	Flat

Local Rents

40 rents from £545/mo to £1.7K/mo, average is £775/mo.

Rent	Date	Distance	Address	Beds	Type
£825	05/24	0 mi	Hazelmere Marine Road East, Morecambe	2	Flat
£1,250	05/24	0.16 mi	Broadway One, Dallam Avenue, Morecambe	2	Flat
£850	03/24	0.19 mi	-	2	Flat
£850	03/25	0.19 mi	-	2	Flat
£800	04/25	0.19 mi	-	2	Flat
£850	04/24	0.19 mi	Arnside Crescent, Morecambe, LA4	2	Flat
£950	12/24	0.23 mi	-	2	Flat
£950	12/24	0.23 mi	-	2	Flat
£950	06/24	0.3 mi	St. Christophers Way, Bare, Morecambe	2	Bungalow
£775	08/24	0.32 mi	Gleneagles Drive, Morecambe	2	House
£795	04/24	0.33 mi	Leyster Street, Morecambe	2	Flat
£575	01/25	0.33 mi	-	2	Flat
£700	04/24	0.33 mi	-	2	Flat
£1,690	03/25	0.33 mi	-	2	Flat
£1,517	04/24	0.33 mi	-	2	Flat
£775	08/24	0.34 mi	Rose Street, Morecambe	2	Terraced House
£775	08/24	0.34 mi	Rose Street, Morecambe	2	Terraced House
£775	08/24	0.34 mi	Rose Street, Morecambe	2	Terraced House
£775	07/24	0.35 mi	Ashton Road, Morecambe	2	Terraced House
£750	07/24	0.44 mi	Flat 2 The Channings, 455 Marine Road East, Morecambe, LA4 6AD	2	Flat
£850	04/25	0.44 mi	-	2	Flat
£950	07/24	0.44 mi	Sunnyfield Avenue, Morecambe	2	Bungalow
£725	05/24	0.44 mi	6 The Craggs, 457 - 459 Marine Road East, Morecambe	2	Flat
£545	08/24	0.45 mi	-	2	Flat
£675	07/24	0.47 mi	Queen Square, Station Road, Morecambe	2	Flat
£675	09/24	0.47 mi	Queen Square, Station Road, Morecambe	2	Flat
£750	12/23	0.49 mi	-	2	Flat
£700	07/24	0.5 mi	-	2	Flat
£850	10/24	0.5 mi	-	2	Flat
£750	07/24	0.51 mi	Tudor Grove, Morecambe	2	Flat
£650	04/24	0.53 mi	Back Morecambe Street, Morecambe	2	Flat
£875	07/24	0.54 mi	Sulby Grove, Morecambe	2	Flat
£875	07/24	0.54 mi	Sulby Grove, Morecambe	2	Flat
£650	08/24	0.55 mi	Euston Road, Morecambe, Lancashire, LA4	2	Flat
£725	04/24	0.56 mi	Lansdowne Grove, Morecambe	2	Flat
£725	04/24	0.56 mi	Lansdowne Grove, Morecambe	2	Flat
£700	04/24	0.58 mi	Schola Green Lane, Morecambe, Lancashire	2	Flat
£700	06/24	0.59 mi	-	2	Flat
£600	06/24	0.59 mi	Central Drive, Morecambe, LA4	2	Flat
£850	07/24	0.61 mi	Tunstall Street, Morecambe	2	Terraced House

Local Area Statistics

Population in LA4	26,24426,244
Population in Morecambe	50,83650,836
Town centre distance	0.67 miles away0.67 miles away
Nearest school	0.10 miles away0.10 miles away
Nearest train station	0.69 miles away0.69 miles away

Rental demand	Balanced marketBalanced market
Rental growth (12m)	+8%+8%
Sales demand	Balanced marketBalanced market
Capital growth (5yrs)	+28%+28%

Property History

Listed for £160,000

February 19, 2025

Description

Two Bedroom Purpose Built Apartment +
Popular Residential Location +
Sea Views From The Front Aspect +
Spacious Lounge With A Large Bay Window +
Kitchen Diner +
Mater Bedroom With Fitted Wardrobes +
Three Piece Shower Room +
Viewings Are Highly Recommended +
No Upper Chain +

Jennings Estate Agents are delighted to welcome to the market, this two bedroom, purpose built apartment. Located on the promenade, with magnificent sea views across the Morecambe Bay. Conveniently positioned for bus routes and within walking distance to Princess Crescent.

The apartment features communal entrance with lift and stairs to all levels. Entrance hallway with storage cupboard and access to the large reception room, with views overlooking Morecambe Bay. Spacious kitchen diner with space for electric appliances. Master bedroom with fitted wardrobes. An additional bedroom to the rear, and three piece shower room.

Viewings are highly recommended, so please contact the office on , or email us on

Agent Details

Jennings Estate Agents, Heysham

01525 309873

Next Steps?

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

Similar Properties

Like this property? Maybe you'll like these ones close by too.