3 Bed Semi-Detached House, Planning Permission, Morecambe, LA4 5XZ, £390,000

Broadway, Morecambe, LA4 5XZ - 2 months ago

Planning
~93 m²
+20 photos

ValuationOvervalued











Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£97,500

Stamp Duty & Legal Fees

£19,900

Refurb Costs

£37,588

Bridging Loan Interest

£10,238

Total Cash In

£166,975

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£281,750

Mortgage (After Refinance)

£211,313

Mortgage LTV

75%

Cash Left In

£166,975

Equity

£70,438

Rent Range

£725 - £2,250

Rent Estimate

£1,033

Running Costs/mo

£1,107

Cashflow/mo

£-74

Cashflow/yr

£-889

Gross Yield

3%













Local Rents

24 rents from £725/mo to £2.3K/mo, average is £898/mo.

RentDateDistanceAddressBeds 
£90004/240.33 miMichaelson Avenue, Morecambe, LA43
£1,30005/240.4 miLichfield Avenue, Bare3
£95006/240.47 miKayswell Road, Torrisholme, Morecambe3
£90005/240.49 miDallas Road, Torrisholme, LA43
£90004/240.54 miWhitby Road, Morecambe3
£1,50007/240.56 miEssex Road, Torrisholme3
£95004/240.65 miThornton Road, Morecambe3
£85006/240.71 miHampsfell Drive, Westgate, Morecambe, Lancashire3
£77504/240.72 miThornton Road, Morecambe, LA43
£85001/250.74 mi-3
£2,25004/240.77 mi-3
£1,95012/240.77 mi-3
£80008/240.78 miWestover Street, Morecambe, LA43
£82506/240.79 miWyre Close, Grosvenor Park, Lancaster, LA33
£89504/240.8 miHestham Avenue, Morecambe3
£92504/240.8 miHampsfell Drive, Westgate3
£1,45007/240.84 miMarine Road East, Morecambe, LA43
£72508/240.96 miClarence Street, Lancaster, Morecambe3
£85004/241.01 miGregareth Close, Lancaster3
£85005/241.04 miNelson St, Morecambe, LA43
£87501/251.07 mi-3
£75002/241.08 mi-3
£89504/251.11 mi-3
£92505/241.14 miWatery Lane, Lancaster3

Local Area Statistics

Population in LA4

26,244

Population in Morecambe

50,836

Town centre distance

0.69 miles away

Nearest school

0.30 miles away

Nearest train station

0.50 miles away

 

 

Rental demand

Balanced market

Rental growth (12m)

+8%

Sales demand

Balanced market

Capital growth (5yrs)

+28%

Property History

Listed for £390,000

February 26, 2025

Floor Plans

Description

Located in the prestigious Broadway area of Morecambe, this beautifully presented family home has something for everyone. With nods to its past including decorative Oak paneling and stair case, an inviting Living Room perfect for cosy evenings in front of the fire, and a superb open plan diner kitchen. With an additional garden room and third reception room, there is ample space for any growing family. With a loft room with planning permission to convert further into a master bedroom with ensuite, an attached garage and handy work from home office hub. The icing on the cake - parking for approximately four cars and a secluded rear garden. Just perfect.

Inside The Home - Stepping through the Entrance Porch, you are welcomed into an Entrance Hall steeped in history. With an Oak wooden staircase leading to the first floor and matching Oak wooden panelling to the walls, this bright and spacious Hall provides access into the living areas. The Living Room provides the perfect backdrop for warm and cosy evenings nestled around the fire. With a large UPVC double glazed bay window filling the room with ample natural light. The open plan Kitchen Diner provides an excellent entertaining area, with tri-fold doors leading to the rear Garden. The Kitchen area was beautifully modernised approximately 2 years ago, with a range of high gloss units and robust granite worktops, with a feature range oven taking centre stage. This proceeds on to an excellent versatile area of the home. The current owners had visions of this room becoming a purpose Gym space, however the room has scope to be an excellent work from home space, third sitting room or a children’s play room. With a handy WC, a Utility Room and access to the Garage. To the first floor there are three generous Bedrooms and a four piece modern Bathroom suite, as well as access to Loft room.

Let's Take A Closer Look At The Loft Space - This wonderful space oozes potential for a plethora of buyers. Currently used as a study area, the current vendors have had plans permitted for the hip to gable extension which would involved re-siting the current stair case to the gable to the property and adding an ensuite. With a sizeable dormer to the rear, purchasers can be assured the room would again ample space for a sizeable master bedroom.

Let's Step Outside - To the front of the property a block paved driveway provides off road parking for approximately 4 cars. With secure metal gates leading to an attached garage and a mature planted border. To the rear of the property, a raised patio area can be found, providing the perfect space for alfresco dining, or simply sitting out with a good book on a warm summers day. A handy work from home office conservatory space can also be found with a fibre glass roof which was replaced approximately 4 years ago. A useful Astro-turfed lawn and well stocked planted borders frame this beautiful area whilst secure fencing makes it a safe haven for young ones to run and play, or simply the perfect space to sit back and relax.

Services - The property is fitted with a modern gas central heating boiler, and has mains electric, mains water and mains drainage.

Tenure - The property is Freehold.

Council Tax - This home is Band E under Lancaster City Council.

Viewings - Strictly by appointment via Houseclub Estate Agency.

Energy Performance Certificate - View online or for more information contact our office for details.

Agent Details

Houseclub, Lancaster

01524 969718

Next Steps?

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