2 Bed Flat, Single Let, Morecambe, LA3 1TS, £110,000

Bold Street, Heysham, Morecambe, LA3 1TS - 1 views - a month ago

Leasehold
BTL
ROI: 2%
~68 m²
+6 photos

ValuationOvervalued

Sold Prices£44K - £182K
Sold Prices/m²£1.3K/m² - £2.9K/m²

 

 

Square Metres

~68.11 m²
Price/m²£1.6K/m²

Value Estimate

£103,841

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£27,500

Stamp Duty & Legal Fees

£6,700

Total Cash In

£34,200

 

 

Cash Out

 

Rent Range

£425 - £899

Rent Estimate

£513

Running Costs/mo

£466

Cashflow/mo

£47

Cashflow/yr

£560

ROI

2%

Gross Yield

6%

Local Sold Prices

20 sold prices from £44K to £182K, average is £95.3K. £1.3K/m² to £2.9K/m², average is £1.5K/m².

PriceDateDistanceAddressBeds 
£145K02/230.1 miFlat 33, Marine Court, Sandylands Promenade, Heysham, Morecambe, Lancashire LA3 1HQ2
£120K06/210.19 mi188, Westminster Road, Morecambe, Lancashire LA3 1SN2
£75K03/210.27 mi29, Dalton Road, Heysham, Morecambe, Lancashire LA3 1HD2
£93K07/210.29 mi185, Heysham Road, Heysham, Morecambe, Lancashire LA3 1DF2
£50K12/220.3 miFlat 3, Sunacre Court, Maple Avenue, Heysham, Morecambe, Lancashire LA3 1HY2
£58K01/210.3 miFlat 17, Sunacre Court, Maple Avenue, Heysham, Morecambe, Lancashire LA3 1HY2
£84.5K12/220.31 mi122a, Balmoral Road, Morecambe, Lancashire LA3 1ST2
£182K10/210.32 miApartment 42, Grosvenor Apartments, Sandylands Promenade, Morecambe, Lancashire LA3 1GW2
£77K01/230.37 mi33a, Norton Road, Heysham, Morecambe, Lancashire LA3 1HA2
£120K08/210.38 mi66, Regent Road, Morecambe, Lancashire LA3 1TF2
£97.5K12/200.38 mi243a, Heysham Road, Heysham, Morecambe, Lancashire LA3 1NN2
£70K09/210.46 mi49, Balmoral Road, Morecambe, Lancashire LA4 4JR2
£44K05/210.56 mi33, Hawksworth Grove, Heysham, Morecambe, Lancashire LA3 1LU2
£122K01/210.58 mi8, Westminster Avenue, Morecambe, Lancashire LA4 4DU2
£75.8K06/210.61 mi10a, Westfield Grove, Morecambe, Lancashire LA4 4LQ2
£86K12/200.65 mi8, Balmoral Road, Morecambe, Lancashire LA4 4JN2
£112K03/230.76 mi13, Sandringham Court, Morecambe, Lancashire LA4 4NG2
£127.5K04/230.91 mi25, Essington Avenue, Morecambe, Lancashire LA4 4PA2
£125K08/220.94 mi57, Rylstone Drive, Heysham, Morecambe, Lancashire LA3 2DY2
£125K08/220.95 mi59, Rylstone Drive, Heysham, Morecambe, Lancashire LA3 2DY2

Local Rents

50 rents from £425/mo to £899/mo, average is £687/mo.

RentDateDistanceAddressBeds 
£67508/240.03 miFlat 3, 20 Sefton Road, Heysham2
£65007/240.05 miHeysham Road, Heysham2
£72504/240.06 mi28 Sandylands Promenade, Morecambe2
£82507/240.07 miBold Street, Morecambe, Lancashire, LA32
£82507/240.07 miBold Street, Morecambe, Lancashire, LA32
£85007/240.07 miBold Street, Morecambe, Lancashire, LA32
£85008/240.07 miBold Street, Morecambe, Lancashire, LA32
£82508/240.07 miBold Street, Morecambe, Lancashire, LA32
£85008/240.07 miBold Street, Morecambe, Lancashire, LA32
£65003/250.08 mi-2
£71502/240.08 mi-2
£75002/250.08 mi-2
£60011/230.08 mi-2
£65006/230.11 mi-2
£62507/240.11 miMarine Road West, Morecambe2
£77505/240.12 miHarrington Road, Heysham, LA32
£70002/240.17 mi-2
£65002/240.17 mi-2
£75003/250.17 mi-2
£65007/230.18 mi-2
£65007/240.2 miMarine Road, Morecambe, LA32
£65008/240.2 miMarine Road, Morecambe, LA32
£67507/240.21 miMarine Road West, Morecambe, LA32
£75009/240.24 mi80 Sandylands Promenade, Morecambe, LA32
£52505/240.25 mi164 Heysham Road, Morecambe, Lancs, LA32
£57508/240.25 miHeysham Road, Morecambe, Lancs, LA32
£65006/240.25 miBalmoral Road, Heysham2
£59504/240.25 miHeysham Road, Heysham, Morecambe, LA3 1DJ2
£70009/240.28 miDalton Road, Heysham, Morecambe, Lancashire2
£42507/230.28 mi-2
£66004/240.31 mi-2
£67512/240.31 mi-2
£67504/250.31 mi-2
£75006/240.31 miBalmoral Road, Morecambe2
£80003/250.31 mi-2
£67508/240.33 miRegent Road, Morecambe2
£67509/240.33 miRegent Road, Morecambe2
£57505/240.34 miRegent Road, LA32
£85004/240.35 miClarendon Road, Morecambe2
£67509/240.36 miRegent Road, Morecambe, LA32
£66507/240.36 miRegent Road, Morecambe2
£69905/240.38 miRegent Road, Morecambe, Lancashire, LA32
£85008/240.38 miRegent Road, Morecambe, Lancashire, LA32
£62510/240.39 mi-2
£72507/240.4 miAlbert Road, Morecambe, Lancashire, LA42
£69907/240.4 miAlbert Road, Morecambe, Lancashire, LA42
£69907/240.4 miAlbert Road, Morecambe, Lancashire, LA42
£79908/240.4 miAlbert Road, Morecambe, Lancashire, LA42
£89908/240.4 miAlbert Road, Morecambe, Lancashire, LA42
£89908/240.4 miAlbert Road, Morecambe, Lancashire, LA42

Local Area Statistics

Population in LA3

24,587

Population in Morecambe

50,836

Town centre distance

1.18 miles away

Nearest school

0.20 miles away

Nearest train station

0.84 miles away

 

 

Rental growth (12m)

-2%

Sales demand

Buyer's market

Capital growth (5yrs)

+31%

Property History

Listed for £110,000

March 11, 2025

Floor Plans

Description

  • VIRTUAL VIEWING AVAILABLE. CLICK ON THE VIDEO TOUR ABOVE +
  • Two Bedroom Lower Floor Maisonette in Morecambe +
  • Lounge, Kitchen, Bathroom, Shared Rear Yard +
  • Two Good Size Bedrooms, Bathroom With Shower +
  • Close To Promenade And Local Amenities +

Fantastic opportunity to purchase this ground floor flat, the property is well presented and situated in a popular residential location in Morecambe close to the promenade.

On internal inspection the property briefly comprises; porch, lounge, kitchen, bathroom with shower and two good sized bedrooms.

Externally the property has exclusive internal access to the shared rear yard area.

Viewings are highly recommended to appreciate this superb property on offer.
Leasehold information: Terms: 999 years from 1st January 2006
Current Ground Rent:
Current Maintenance/Service Charges: All external repairs/maintenance are split 50/50 between the two flats
Council Tax Information: Band A

Agent Note
In order to be able to purchase a property in the UK all agents have a legal requirement to conduct identity checks on all customers involved in the transaction to fulfil their obligations under anti money laundering regulations. Farrell Heyworth outsource this check to a third party and a charge will apply. Please ask the branch for further details.

Agent Details

Farrell Heyworth, Morecambe

01524 967273

Next Steps?

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