4 Bed Semi-Detached House, Refurb/BRRR, Morecambe, LA4 6DG, £325,000

17 Elms Drive, Bare, Morecambe, LA4 6DG - 2 views - a month ago

Under Offer
Refurb/BRRR
144 m²
+14 photos

ValuationOvervalued

Sold Prices£79K - £607K
Sold Prices/m²£653/m² - £3.5K/m²

 

 

Square Metres

144 m²
Price/m²£2.3K/m²

Value Estimate

£295,494

 

 

End Value (After Refurb)

£334,841

Uplift in Value

+3%

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£81,250

Stamp Duty & Legal Fees

£14,700

Refurb Costs

£58,200

Bridging Loan Interest

£8,531

Total Cash In

£164,431

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£334,841

Mortgage (After Refinance)

£251,131

Mortgage LTV

75%

Cash Released

£7,381

Cash Left In

£157,051

Equity

£83,710

Rent Range

£725 - £2,250

Rent Estimate

£1,153

Running Costs/mo

£1,297

Cashflow/mo

£-144

Cashflow/yr

£-1,728

Gross Yield

4%

Local Sold Prices

46 sold prices from £79K to £607K, average is £304.8K. £653/m² to £3.5K/m², average is £2.3K/m².

PriceDateDistanceAddressBeds 
£318K07/230.03 mi18, Elms Drive, Morecambe, Lancashire LA4 6DQ4
£371.5K03/230.1 mi13, Elms Road, Morecambe, Lancashire LA4 6AP4
£240K03/210.11 mi5, Elms Road, Morecambe, Lancashire LA4 6AP4
£395K01/210.12 mi18, Mount Avenue, Morecambe, Lancashire LA4 6DJ4
£375K12/200.12 mi11, Mount Avenue, Morecambe, Lancashire LA4 6DJ4
£420K03/210.12 mi5, Mount Avenue, Morecambe, Lancashire LA4 6DJ4
£252.5K11/220.14 mi32, Beach Street, Morecambe, Lancashire LA4 6BT4
£397.5K02/220.17 mi10, Happy Mount Court, Morecambe, Lancashire LA4 6HX4
£350K12/220.18 mi35, Queens Drive, Morecambe, Lancashire LA4 6LN4
£255.7K04/230.18 mi24, Bare Avenue, Morecambe, Lancashire LA4 6BE4
£500K12/220.21 mi69, Bare Lane, Morecambe, Lancashire LA4 6LJ4
£385K03/230.23 mi21, Sulby Grove, Morecambe, Lancashire LA4 6HD4
£240K06/210.26 mi26, Brantwood Avenue, Morecambe, Lancashire LA4 6HB4
£380K10/220.29 mi17, St Margarets Road, Morecambe, Lancashire LA4 6EF4
£379.9K06/220.31 mi5, Brantwood Avenue, Morecambe, Lancashire LA4 6HB4
£385K03/210.32 mi39, Woodrush, Morecambe, Lancashire LA4 6JB4
£410K02/210.32 mi31, Woodrush, Morecambe, Lancashire LA4 6JB4
£400K03/220.32 mi36, Woodrush, Morecambe, Lancashire LA4 6JB4
£425K05/230.34 mi31, Betony, Morecambe, Lancashire LA4 6JD4
£275K04/210.34 mi14, Betony, Morecambe, Lancashire LA4 6JD4
£305K01/210.34 mi34, Betony, Morecambe, Lancashire LA4 6JD4
£363K11/200.35 mi78, South Road, Morecambe, Lancashire LA4 6JR4
£275K11/200.37 mi10, Farnlea Drive, Morecambe, Lancashire LA4 6JU4
£304.5K09/210.5 mi5, Walton Avenue, Morecambe, Lancashire LA4 6SQ4
£607K08/220.54 mi29, Broadway, Morecambe, Lancashire LA4 5BQ4
£221K01/210.55 mi6, Mattock Crescent, Morecambe, Lancashire LA4 6QT4
£315K01/230.6 mi1, Hexham Road, Morecambe, Lancashire LA4 6QA4
£306K12/200.71 mi8, Lonsdale Avenue, Morecambe, Lancashire LA4 6RX4
£430K03/210.72 mi3, Buseph Drive, Morecambe, Lancashire LA4 6PQ4
£220K11/200.72 mi1, Lathom Grove, Morecambe, Lancashire LA4 5XT4
£478K10/220.72 mi3, Buseph Drive, Morecambe, Lancashire LA4 6PQ4
£190K06/230.75 mi15, Langdale Road, Morecambe, Lancashire LA4 5XA4
£180K07/210.77 mi30, South Grove, Morecambe, Lancashire LA4 5RL4
£79K01/210.78 mi6, South Grove, Morecambe, Lancashire LA4 5RL4
£79K01/210.78 mi6, South Grove, Morecambe, Lancashire LA4 5RL4
£335K05/230.78 mi29, Hyde Road, Morecambe, Lancashire LA4 6NX4
£263.3K12/220.78 mi42, Victoria Parade, Morecambe, Lancashire LA4 5NZ4
£178K03/210.8 mi15, South Avenue, Morecambe, Lancashire LA4 5RJ4
£292.5K09/210.84 mi22, Hyde Road, Morecambe, Lancashire LA4 6NU4
£165K11/220.89 mi124, Lancaster Road, Morecambe, Lancashire LA4 5QN4
£145K12/220.9 mi22, Leyster Street, Morecambe, Lancashire LA4 5NE4
£161.5K10/220.92 mi13, Cross Street, Morecambe, Lancashire LA4 5ND4
£151K05/230.93 mi25, Cross Street, Morecambe, Lancashire LA4 5ND4
£252.5K11/200.96 mi6, Homfray Avenue, Morecambe, Lancashire LA3 3AG4
£255K04/210.96 mi32, Homfray Avenue, Morecambe, Lancashire LA3 3AG4
£120K12/200.98 mi9, Cartmel Place, Morecambe, Lancashire LA4 5UT4

Local Rents

31 rents from £725/mo to £2.3K/mo, average is £950/mo.

RentDateDistanceAddressBeds 
£2,00002/240.13 mi-4
£95004/240.14 miPrinces Crescent, Bare, Morecambe4
£1,30005/240.43 miLichfield Avenue, Bare3
£1,10006/240.51 miBroadway, Morecambe4
£90004/240.51 miMichaelson Avenue, Morecambe, LA43
£95006/240.54 miKayswell Road, Torrisholme, Morecambe3
£1,20007/240.66 miBroadway, Morecambe4
£1,20007/240.66 miBroadway, Morecambe4
£85002/250.71 mi-3
£1,40007/240.73 miBroadway, Morecambe4
£77504/240.75 miThornton Road, Morecambe, LA43
£1,50005/240.75 miVictoria Parade, Morecambe4
£1,50008/240.75 miVictoria Parade, Morecambe4
£1,45007/240.78 miMarine Road East, Morecambe, LA43
£95004/240.81 miThornton Road, Morecambe3
£90005/240.83 miDallas Road, Torrisholme, LA43
£1,50007/240.86 miEssex Road, Torrisholme3
£90004/240.95 miWhitby Road, Morecambe3
£80008/241.02 miWestover Street, Morecambe, LA43
£2,25004/241.03 mi-3
£1,95001/251.03 mi-3
£89504/241.03 mi-4
£72508/241.13 miClarence Street, Lancaster, Morecambe3
£1,00005/241.14 mi-5
£89504/241.18 miHestham Avenue, Morecambe3
£75011/231.22 mi-4
£95003/251.22 mi-4
£1,20006/241.23 miEuston Grove, Morecambe5
£1,20006/241.23 miEuston Grove, Morecambe5
£89504/241.23 miNelson Street, Morecambe4
£85005/241.23 miNelson St, Morecambe, LA43

Local Area Statistics

Population in LA4

26,244

Population in Morecambe

50,836

Town centre distance

1.14 miles away

Nearest school

0.40 miles away

Nearest train station

0.22 miles away

 

 

Rental demand

Balanced market

Rental growth (12m)

+8%

Sales demand

Balanced market

Capital growth (5yrs)

+28%

Property History

Listed for £325,000

February 25, 2025

Floor Plans

Description

  • Semi Detached Property +
  • Four Bedrooms (beautiful view of Bowland hills from back bedrooms) +
  • Two Reception Rooms +
  • Kitchen Diner +
  • Spacious Hallway +
  • Driveway & Garage +
  • Private Rear Garden +
  • Tenure: Freehold +
  • Banding: D +
  • EPC: D +

Nestled in the desirable area of Elms Drive, Bare, Morecambe, this charming semi-detached house offers a perfect blend of comfort and convenience. With four spacious bedrooms, this property is ideal for families seeking a welcoming home. The two reception rooms provide ample space for relaxation and entertaining, while the kitchen diner is perfect for family meals and gatherings.

The property boasts a newly fitted boiler, ensuring warmth and efficiency throughout the colder months. Outside, you will find gardens to both the front and rear, providing a lovely outdoor space for children to play or for you to enjoy a quiet moment in the sun. The driveway accommodates parking for two vehicles, adding to the practicality of this delightful home.

Situated in a sought-after residential location, this property is just a stone's throw away from Bare Village, Happy Mount Park and the beautiful seafront, making it an excellent choice for those who appreciate coastal living. With its combination of space, modern amenities, and a prime location, this semi-detached house is a wonderful opportunity for anyone looking to settle in Morecambe. Don't miss the chance to make this lovely property your new home.

Entrance Porch - Timber and glass panelled door opens into entrance porch. Timber single glazed windows to 2 sides to maximize light. Tiled floor. Ceiling light.

Entrance Hall - Solid timber door with circular leaded light glass panel opens into wide welcoming hallway. Central heating radiator. Access to storage cupboard. Power and light.

Lounge - 6.02 x 4.22 (19'9" x 13'10") - Timber framed single glazed bay window overlooking front garden. Tiled fireplace with inset fire. Central heating radiator. Television point. Telephone point. Power and light.

Sitting Room/ Dining Room - 6.17 x 3.58 (20'2" x 11'8") - Spacious light, sitting room. Timber framed single glazed window overlooking rear garden. Central heating radiator. Range of fitted cupboards giving storage space. Power and light.

Kitchen / Diner - 6.12 x 3.43 (20'0" x 11'3") - Fitted kitchen in need of some updating. Range of fitted wall, drawer and base units with laminate worktops. Stainless steel double bowl sink with mixer tap. Space for cooker. Space for fridge. Space and plumbing for washing machine. Space for family dining table. Extractor fan. Central heating radiator. Dual aspect timber framed single glazed windows. Sizable pantry cupboard. Timber door leading to rear garden. Power and light.

Downstairs Washroom - WC and washbasin and vinyl floor. Extractor fan. Single glazed timber framed obscure glass window with leaded light effect. Ceiling light.

First Floor Landing - Fully carpeted stairs to first floor. Decorative oak staircase. uPVC double glazed window with stained leaded glass. Loft access via hatch. Ceiling light.

Bedroom 1 - 4.83 x 3.66 (4.82 x 3.65) (15'10" x 12'0" (15'9" x - Double bedroom. uPVC double glazed window. Central heating radiator. Fitted wardrobe giving hanging and shelving space. Power and light.

Bedroom 2 - 4.45 x 3.61 (4.44 x 3.60) (14'7" x 11'10" (14'6" x - Double bedroom. uPVC double glazed window overlooking rear garden. Central heating radiator. Power and light.

Bedroom 3 - 3.40 x 2.95 (11'1" x 9'8") - Double bedroom. uPVC double glazed window overlooking rear garden. Built-in wardrobes giving hanging and shelving space and with integral hand basin. Central heating radiator. Power and light.

Bedroom 4 - 2.90 x 2.41 (9'6" x 7'10") - Good sized room. uPVC double glazed window. Central heating radiator. Power and light.

Bathroom - 2 Piece bathroom suite comprising bath and wash basin. Newly fitted in 2025 combination boiler. uPVC double glazed window with obscured glass. Central heating radiator. Shaver point. Ceiling light.

Wc - Separate WC. uPVC double glazed window. Half tiled walls. Vinyl flooring. Ceiling light.

External - Front
Private enclosed garden. Mainly lawn with flowerbeds containing mature shrubs and plants. Double metal gates leading to tarmac driveway.
Side
Tarmac driveway leading to detached garage and giving additional off street parking.
Rear
Private South East facing rear garden. Mainly lawn with flowerbeds containing mature shrubs and plants. Paved seating areas.

Detached Garage - Brick built detached garage. Pitched and tiled roof. Concrete floor. Double wooden doors. Eaves storage. Single glazed timber framed obscure glass window. Power and light.

Agent Details

GF Property Sales and Lettings, Morecambe

01524 967798

Next Steps?

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