2 Bed Flat, Single Let, Morecambe, LA4 5AN, £239,950

The Hazelmere, Marine Road East, Morecambe, LA4 5AN - 1 views - a month ago

Leasehold
BTL
~68 m²
+11 photos

ValuationOvervalued

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

 

 

Square Metres

~68.11 m²
Price/m²£3.5K/m²

Value Estimate

£130,339

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£59,988

Stamp Duty & Legal Fees

£13,198

Total Cash In

£73,185

 

 

Cash Out

 

Rent Range

£545 - £1,690

Rent Estimate

£584

Running Costs/mo

£887

Cashflow/mo

£-303

Cashflow/yr

£-3,632

Gross Yield

3%

Local Sold Prices

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

PriceDateDistanceAddressBeds 
£185K11/200.17 mi6, Hornby Terrace, Morecambe, Lancashire LA4 5QB2
£65K07/210.42 mi26, Stuart Avenue, Morecambe, Lancashire LA4 6EB2
£210K09/210.51 miFirst Floor Flat, 461, Marine Road East, Morecambe, Lancashire LA4 6AE2
£100K11/210.53 mi14, Nicholson Crescent, Morecambe, Lancashire LA4 6UE2
£62.5K11/200.54 miFlat 3, Homebreeze House, Beach Street, Morecambe, Lancashire LA4 6BT2
£120K11/220.57 mi3, Tudor Grove, Morecambe, Lancashire LA4 6DP2
£125K05/230.59 mi16, Palmer Grove, Morecambe, Lancashire LA4 6BQ2
£125K05/230.59 mi15, Palmer Grove, Morecambe, Lancashire LA4 6BQ2
£122K10/200.61 mi2a, Sulby Grove, Morecambe, Lancashire LA4 6HD2
£184K05/230.61 mi18, The Parks, Morecambe, Lancashire LA4 6BP2
£207K06/210.61 mi23, The Parks, Morecambe, Lancashire LA4 6BP2
£165K03/210.61 mi8, The Parks, Morecambe, Lancashire LA4 6BP2
£130K11/220.63 miFlat 9, Kensington Court, Bare Lane, Morecambe, Lancashire LA4 6DH2
£124K03/230.64 mi212, Lancaster Road, Morecambe, Lancashire LA4 5TL2
£130K02/210.65 miFlat 11, Kensington Court, Bare Lane, Morecambe, Lancashire LA4 6DH2
£98K05/230.65 mi17, Clarence Court, Morecambe, Lancashire LA4 6DL2
£90K02/230.66 mi27, Clarence Court, Morecambe, Lancashire LA4 6DL2
£100K11/210.66 mi7, Elms Road, Morecambe, Lancashire LA4 6AP2
£112.5K02/210.72 mi14, Elm Grove, Morecambe, Lancashire LA4 6AT2
£58K12/200.76 mi10, Monkswood Avenue, Morecambe, Lancashire LA4 6TW2
£250K11/200.78 mi7, Sizergh Road, Morecambe, Lancashire LA4 6TL2
£132.5K08/210.81 miApartment 8, Happy Mount House, Elms Lane, Morecambe, Lancashire LA4 6LR2
£127.5K04/230.84 mi25, Essington Avenue, Morecambe, Lancashire LA4 4PA2
£109K10/210.84 mi11, Braemar Court, Morecambe, Lancashire LA4 5YB2
£120K10/220.85 mi2, Braemar Court, Morecambe, Lancashire LA4 5YB2
£135K10/210.86 mi4, Walton Avenue, Morecambe, Lancashire LA4 6SH2
£155K09/220.87 miFlat 1, Princes Gardens, Bare Lane, Morecambe, Lancashire LA4 6RS2
£142K03/230.87 mi3, Fairlea Avenue, Morecambe, Lancashire LA4 6JY2
£244K06/210.87 mi11, Chestnut Drive, Morecambe, Lancashire LA4 6HN2
£93K07/210.88 mi87, Hampsfell Drive, Morecambe, Lancashire LA4 4TP2
£87K03/210.89 mi79, Grayrigg Drive, Morecambe, Lancashire LA4 4UL2
£112K03/230.91 mi13, Sandringham Court, Morecambe, Lancashire LA4 4NG2
£125K09/220.95 mi20, Grayrigg Drive, Morecambe, Lancashire LA4 4UJ2
£95K04/210.99 mi54, Hampsfell Drive, Morecambe, Lancashire LA4 4TU2
£75.5K05/210.99 mi78, Hampsfell Drive, Morecambe, Lancashire LA4 4TU2
£86K12/201 mi8, Balmoral Road, Morecambe, Lancashire LA4 4JN2

Local Rents

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

RentDateDistanceAddressBeds 
£82505/240.05 miHazelmere Marine Road East, Morecambe2
£1,25005/240.2 miBroadway One, Dallam Avenue, Morecambe2
£85003/240.2 mi-2
£85003/250.2 mi-2
£80004/250.2 mi-2
£85004/240.2 miArnside Crescent, Morecambe, LA42
£95012/240.24 mi-2
£95012/240.24 mi-2
£1,69003/250.31 mi-2
£1,51704/240.31 mi-2
£77508/240.32 miRose Street, Morecambe2
£77508/240.32 miRose Street, Morecambe2
£77508/240.32 miRose Street, Morecambe2
£70004/240.32 mi-2
£57501/250.32 mi-2
£79504/240.34 miLeyster Street, Morecambe2
£95006/240.34 miSt. Christophers Way, Bare, Morecambe2
£77507/240.35 miAshton Road, Morecambe2
£77508/240.36 miGleneagles Drive, Morecambe2
£54508/240.44 mi-2
£67507/240.46 miQueen Square, Station Road, Morecambe2
£67509/240.46 miQueen Square, Station Road, Morecambe2
£75007/240.47 miFlat 2 The Channings, 455 Marine Road East, Morecambe, LA4 6AD2
£72505/240.48 mi6 The Craggs, 457 - 459 Marine Road East, Morecambe2
£85004/250.48 mi-2
£95007/240.48 miSunnyfield Avenue, Morecambe2
£75012/230.49 mi-2
£65004/240.5 miBack Morecambe Street, Morecambe2
£65008/240.53 miEuston Road, Morecambe, Lancashire, LA42
£70007/240.54 mi-2
£85010/240.54 mi-2
£75007/240.55 miTudor Grove, Morecambe2
£70006/240.58 mi-2
£60006/240.58 miCentral Drive, Morecambe, LA42
£70004/240.58 miSchola Green Lane, Morecambe, Lancashire2
£87507/240.59 miSulby Grove, Morecambe2
£87507/240.59 miSulby Grove, Morecambe2
£72504/240.59 miLansdowne Grove, Morecambe2
£72504/240.59 miLansdowne Grove, Morecambe2
£85007/240.59 miTunstall Street, Morecambe2
£67506/240.62 miNelson Street, Morecambe2

Local Area Statistics

Population in LA4

26,244

Population in Morecambe

50,836

Town centre distance

0.68 miles away

Nearest school

0.20 miles away

Nearest train station

0.73 miles away

 

 

Rental demand

Balanced market

Rental growth (12m)

+8%

Sales demand

Balanced market

Capital growth (5yrs)

+28%

Property History

Listed for £239,950

March 6, 2025

Floor Plans

Description

Superb two bedroom top floor apartment situated on the seafront promenade with panoramic sea views across Morecambe Bay to the Lakeland Hills beyond. Conveniently located for Morecambe town centre amenities, train station, 'Bay Gateway' M6 link road and local bus routes. The apartment has uPVC double glazed windows, gas central heating and briefly comprises: communal front entrance and hallway with intercom entry system and lift and staircase to all floors, top floor landing with private entrance, hallway, lounge diner with access into the sun room with stunning sea views, fitted kitchen with a range of integrated appliances, two double bedrooms with fitted wardrobes; one with en-suite shower room and three-piece bathroom. This apartment comes with a private storage room located on the lower ground floor. This property will appeal to a range of buyers seeking a spacious and 'ready to move into' apartment in a highly sought after location and internal viewings are highly recommended and will certainly not fail to impress.

COMMUNAL FRONT ENTRANCE
Intercom entry system.

COMMUNAL HALLWAY
Mail boxes. Lift and staircase to all floors.

STORAGE ROOM
Staircase leading down to lower ground floor which has access to each apartment's private storage room with power and light.

PRIVATE ENTRANCE into APARTMENT 8

HALLWAY
Intercom entry system. Central heating radiators. Ceiling lights. Electric power points. Cloaks cupboard. Boiler cupboard housing the gas combination boiler and consumer unit with power and light.

LOUNGE DINER 4.85m (max) x 4.48m (max) (15'11'' x 14'8'')
uPVC double glazed high level windows. Central heating radiators. Ceiling lights. Electric power points. Loft hatch access. Open archway into:

SUN ROOM 3.04m x 2.92m (max) (10'0'' x 9'7'')
uPVC double glazed windows with panoramic sea views across Morecambe Bay. Central heating radiator. Loft hatch. Ceiling lights. Electric power points.

KITCHEN 3.61m (max) x 2.66m (max) (11'10'' x 8'9'')
uPVC double glazed high level windows. Fitted kitchen furniture comprising base units, wall units, display cabinet and drawers. Granite working surfaces to three walls with inset sink with mixer tap. Built-in 'Neff' double electric oven/grill, four ring gas hob and stainless steel cooker hood above with extractor fan and lights. Integrated appliances comprise: slimline 'Neff' dishwasher, 'Hotpoint' washing machine and fridge freezer. Tiled floor. Central heating radiator. Ceiling lights. Electric power points.

BEDROOM ONE Irregular shape 4.90m (max) x 3.98m (max) (16'0'' x 13'1'')
uPVC double glazed windows. Central heating radiator. Fitted wardrobes, dressing table, overbed and bedside storage cupboards. Ceiling lights. Electric power points. Loft hatch. Access into:

EN-SUITE SHOWER ROOM/WC 2.11m x 1.72m (6'11'' x 5'8'')
uPVC double glazed high level windows. Three piece suite in white comprising shower cubicle with 'Mira' electric shower, pedestal wash hand basin and wc. Fully tiled to all walls. Chromium heated towel rail. Wall mounted mirror. Mirror fronted bathroom cabinet. Shaver point. Ceiling light. Extractor fan

BEDROOM TWO 3.10m (average) x 2.59m (max) (10'2'' x 8'6'')
Two uPVC double windows. Central heating radiator. Fitted wardrobe, drawers and storage cupboard. Ceiling light. Electric power points.

BATHROOM/WC 1.65m (average) x 2.50m (5'5'' x 8'2'')
uPVC double glazed window. Chromium heated towel rail. Three piece suite in white comprising bath, pedestal wash hand basin and wc. Fully tiled around the bath and in part to remaining walls. Shaver point. Ceiling light. Extractor fan.

TENURE: Leasehold - 999 years from 1st January 2006 (share of freehold).
Service charge - £1980.00 p.a. payable to Parkinson Property.

SERVICES: Mains water, mains drainage, mains electricity, mains gas. Local Authority Lancaster City Council. Council Tax Band D. Amount payable for the financial year 2024/25 being £2355.61. Please note that this is a verbal enquiry only. We strongly recommend that prospective purchasers verify the information direct.

Council Tax Band: D (Lancaster City Council)
Tenure: Leasehold (980 years)
Ground Rent: £0 per year
Service Charge: £1,980 per year

Agent Details

ibay Homes, Morecambe

01524 952012

Next Steps?

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