2 Bed Terraced House, Refurb/BRRR, Morecambe, LA3 1HB, £129,950

Dalton Road, Heysham, Morecambe, LA3 1HB - 2 views - 18 days ago

Refurb/BRRR
ROI: 3%
~68 m²
+3 photos

ValuationFair Value

Sold Prices£86.5K - £235K
Sold Prices/m²£1.3K/m² - £3.5K/m²

 

 

Square Metres

~68.11 m²
Price/m²£1.9K/m²

Value Estimate

£129,950

 

 

End Value (After Refurb)

£128,500

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£32,488

Stamp Duty & Legal Fees

£7,698

Refurb Costs

£27,537

Bridging Loan Interest

£3,411

Total Cash In

£72,884

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£128,500

Mortgage (After Refinance)

£96,375

Mortgage LTV

75%

Cash Left In

£72,884

Equity

£32,125

Rent Range

£425 - £1,195

Rent Estimate

£720

Running Costs/mo

£566

Cashflow/mo

£154

Cashflow/yr

£1,853

ROI

3%

Gross Yield

7%

Local Sold Prices

54 sold prices from £86.5K to £235K, average is £141K. £1.3K/m² to £3.5K/m², average is £2.1K/m².

PriceDateDistanceAddressBeds 
£116K07/210.02 mi9, Norton Road, Heysham, Morecambe, Lancashire LA3 1HA2
£129K12/210.11 mi5, Cumberland View Close, Heysham, Morecambe, Lancashire LA3 1HG2
£155K06/230.11 mi12, Cumberland View Close, Heysham, Morecambe, Lancashire LA3 1HG2
£235K11/200.15 mi9a, St Johns Grove, Heysham, Morecambe, Lancashire LA3 1ET2
£90K11/200.17 mi2, Granville Road, Heysham, Morecambe, Lancashire LA3 1EB2
£120K09/210.18 mi1, Grays Place, Heysham, Morecambe, Lancashire LA3 1JS2
£90K06/210.2 mi18, Harrington Road, Heysham, Morecambe, Lancashire LA3 1EN2
£93K07/230.2 mi14, Harrington Road, Heysham, Morecambe, Lancashire LA3 1EN2
£93K07/230.2 mi14, Harrington Road, Heysham, Morecambe, Lancashire LA3 1EN2
£92K07/210.26 mi27, Byron Road, Heysham, Morecambe, Lancashire LA3 1UH2
£165.8K05/230.27 mi53, Lordsome Road, Heysham, Morecambe, Lancashire LA3 1JE2
£169.9K08/210.32 mi20, Oxcliffe Avenue, Heysham, Morecambe, Lancashire LA3 1PT2
£129.9K04/210.34 mi4, Harrison Crescent, Heysham, Morecambe, Lancashire LA3 1PX2
£120K01/230.34 mi15, Willacy Parade, Heysham, Morecambe, Lancashire LA3 1LT2
£86.5K11/200.34 mi33, Gardner Road, Heysham, Morecambe, Lancashire LA3 1RX2
£117K04/210.42 mi12, Manor Grove, Heysham, Morecambe, Lancashire LA3 1JA2
£150K06/230.42 mi1, Manor Grove, Heysham, Morecambe, Lancashire LA3 1JA2
£173K02/230.43 mi25, Levens Drive, Heysham, Morecambe, Lancashire LA3 1JN2
£132K02/210.44 mi45, Levens Drive, Heysham, Morecambe, Lancashire LA3 1JN2
£90K12/220.46 mi122b, Balmoral Road, Morecambe, Lancashire LA3 1ST2
£185K12/220.47 mi90, Oxcliffe Road, Heysham, Morecambe, Lancashire LA3 1LX2
£120K12/200.47 mi31, Bleasdale Grove, Heysham, Morecambe, Lancashire LA3 2EX2
£134.5K03/210.47 mi76, Oxcliffe Road, Heysham, Morecambe, Lancashire LA3 1LX2
£160K04/210.47 mi72, Oxcliffe Road, Heysham, Morecambe, Lancashire LA3 1LX2
£195K12/200.48 mi311, Heysham Road, Heysham, Morecambe, Lancashire LA3 2BA2
£117K04/210.49 mi299, Heysham Road, Heysham, Morecambe, Lancashire LA3 2BA2
£142K07/230.5 mi11, Brook Road, Morecambe, Lancashire LA3 1AX2
£142K07/230.5 mi11, Brook Road, Morecambe, Lancashire LA3 1AX2
£162K07/210.54 mi13, Scott Road, Morecambe, Lancashire LA3 1AL2
£118K11/200.61 mi2, Crofters Fold, Heysham, Morecambe, Lancashire LA3 2AH2
£155K03/230.63 mi68, Osborne Road, Heysham, Morecambe, Lancashire LA3 1AA2
£139.9K03/210.64 mi8, Ashcroft, Heysham, Morecambe, Lancashire LA3 2AP2
£139.9K03/210.64 mi8, Ashcroft, Heysham, Morecambe, Lancashire LA3 2AP2
£139.9K03/210.64 mi8, Ashcroft, Heysham, Morecambe, Lancashire LA3 2AP2
£160K02/210.68 mi29, Rylstone Drive, Heysham, Morecambe, Lancashire LA3 2DY2
£155K07/210.68 mi74, Rylstone Drive, Heysham, Morecambe, Lancashire LA3 2DY2
£186K08/230.68 mi33, Rylstone Drive, Heysham, Morecambe, Lancashire LA3 2DY2
£128K06/210.74 mi11, Windsor Avenue, Morecambe, Lancashire LA4 4LR2
£145K09/210.79 mi4, Threshfield Avenue, Heysham, Morecambe, Lancashire LA3 2DU2
£169.9K12/220.83 mi92, Acre Moss Lane, Morecambe, Lancashire LA4 4ND2
£147K12/200.85 mi13, Buckden Place, Heysham, Morecambe, Lancashire LA3 2DX2
£100K09/210.87 mi21, Osborne Grove, Morecambe, Lancashire LA4 4PL2
£175K04/210.89 mi8, Bertram Avenue, Morecambe, Lancashire LA4 4PW2
£155K11/220.89 mi9, Meldon Grange, Heysham, Morecambe, Lancashire LA3 2HH2
£168K12/220.9 mi29, Osborne Grove, Morecambe, Lancashire LA4 4PN2
£210K12/200.9 mi12, Hillsea Avenue, Heysham, Morecambe, Lancashire LA3 2BU2
£135K06/230.91 mi12, Mortimer Grove, Heysham, Morecambe, Lancashire LA3 2HW2
£106.5K11/200.92 mi12, Applegarth Road, Heysham, Morecambe, Lancashire LA3 2HN2
£181K05/230.95 mi22, Kenwood Avenue, Morecambe, Lancashire LA4 4PB2
£177K02/210.96 mi30, Ridge Grove, Heysham, Morecambe, Lancashire LA3 2JN2
£155K12/200.97 mi11, Eldon Grove, Heysham, Morecambe, Lancashire LA3 2JW2
£108K06/210.98 mi20, Highgrove Close, Morecambe, Lancashire LA4 4NF2
£115K06/230.98 mi18, Highgrove Close, Morecambe, Lancashire LA4 4NF2
£149.9K04/230.99 mi74, Meldon Road, Heysham, Morecambe, Lancashire LA3 2HJ2

Local Rents

50 rents from £425/mo to £1.2K/mo, average is £687/mo.

RentDateDistanceAddressBeds 
£70009/240.02 miDalton Road, Heysham, Morecambe, Lancashire2
£57508/240.04 miHeysham Road, Morecambe, Lancs, LA32
£59504/240.05 miHeysham Road, Heysham, Morecambe, LA3 1DJ2
£52505/240.05 mi164 Heysham Road, Morecambe, Lancs, LA32
£75009/240.07 mi80 Sandylands Promenade, Morecambe, LA32
£70002/240.12 mi-2
£65002/240.12 mi-2
£75003/250.12 mi-2
£77505/240.2 miHarrington Road, Heysham, LA32
£72504/240.29 mi28 Sandylands Promenade, Morecambe2
£67508/240.29 miFlat 3, 20 Sefton Road, Heysham2
£65007/240.29 miHeysham Road, Heysham2
£82507/240.33 miBold Street, Morecambe, Lancashire, LA32
£82507/240.33 miBold Street, Morecambe, Lancashire, LA32
£85007/240.33 miBold Street, Morecambe, Lancashire, LA32
£85008/240.33 miBold Street, Morecambe, Lancashire, LA32
£82508/240.33 miBold Street, Morecambe, Lancashire, LA32
£85008/240.33 miBold Street, Morecambe, Lancashire, LA32
£60011/230.33 mi-2
£65003/250.33 mi-2
£71502/240.33 mi-2
£75002/250.33 mi-2
£65007/230.35 mi-2
£55005/240.35 mi-2
£65006/240.37 miBalmoral Road, Heysham2
£65006/230.37 mi-2
£62507/240.37 miMarine Road West, Morecambe2
£89506/240.38 miThe Cliffs, Heysham, Morecambe, LA32
£89507/240.38 mi-2
£65007/240.45 miMarine Road, Morecambe, LA32
£65008/240.45 miMarine Road, Morecambe, LA32
£67507/240.46 miMarine Road West, Morecambe, LA32
£75006/240.46 miBalmoral Road, Morecambe2
£42507/230.47 mi-2
£1,19504/250.51 mi-2
£66004/240.54 mi-2
£67501/250.54 mi-2
£67503/250.54 mi-2
£67508/240.56 miRegent Road, Morecambe2
£67509/240.56 miRegent Road, Morecambe2
£67509/240.56 miRegent Road, Morecambe, LA32
£80003/250.56 mi-2
£66507/240.56 miRegent Road, Morecambe2
£57505/240.56 miRegent Road, LA32
£69905/240.58 miRegent Road, Morecambe, Lancashire, LA32
£85008/240.58 miRegent Road, Morecambe, Lancashire, LA32
£85004/240.58 miClarendon Road, Morecambe2
£95007/240.58 miHale Carr Lane, Heysham, Morecambe2
£69907/240.61 miAlbert Road, Morecambe, Lancashire, LA42
£72507/240.61 miAlbert Road, Morecambe, Lancashire, LA42

Local Area Statistics

Population in LA3

24,587

Population in Morecambe

50,836

Town centre distance

1.37 miles away

Nearest school

0.20 miles away

Nearest train station

1.08 miles away

 

 

Rental growth (12m)

-2%

Sales demand

Buyer's market

Capital growth (5yrs)

+31%

Property History

Listed for £129,950

March 18, 2025

Floor Plans

Description

Spacious stone fronted two bedroom end terraced house conveniently situated within easy walking distance of the sea front promenade, local shopping amenities and close to both primary and secondary schools. The property has double glazed windows, gas central heating from a 'combi' boiler and briefly comprises: front entrance porch, hallway, bay fronted living room with feature fireplace, separate lounge/dining room, kitchen, cellar, staircase and first floor landing, two double bedrooms and bathroom/wc. Outside the property, there is a low maintenance front garden and a fully enclosed concrete rear yard. In summary, although in need of modernisation, this is a competitively priced end terraced property for sale with vacant possession and NO UPWARD CHAIN.

FRONT ENTRANCE PORCH

uPVC double glazed door and windows. Inner timber door leading into:

HALLWAY

Staircase to the first floor.

LIVING ROOM 4.50m (into the bay) x 3.28m
(14'8" x 10'8")

uPVC double glazed bay window. Central heating radiator. Ceiling light. Electric power points. fireplace with tiled hearth and gas fire.

LOUNGE/DINING ROOM 3.63m (max) x 3.84m (max)
(11'9" x 12'6")

uPVC double glazed window. Central heating radiator. Ceiling light. Electric power points. Access into:

CELLAR
(Some limited head height)

Stone steps leading into the cellar. Light.

KITCHEN 1.64m x 5.08m (average)
(5'4" x 16'7")

uPVC double glazed windows. uPVC double glazed back door. Central heating radiator. Ceiling light. Electric power points. Working surfaces to one wall, inset sink with mixer tap. Wall mounted 'Ideal' gas combination boiler.

STAIRCASE FROM HALLWAY TO FIRST FLOOR

LANDING

Ceiling light.

BEDROOM ONE 3.26m x 5.00m
(10'7" x 16'4")

Dual aspect uPVC double glazed windows. Central heating radiator. Ceiling light. Electric power points.

BEDROOM TWO 4.89m (max) x 3.66m (max)
(14'0" x 12'0")

uPVC double glazed window. Central heating radiator. Ceiling light. Electric power points.

BATHROOM/WC 1.67m x 2.43m
(5'5" x 7'10")

uPVC double glazed window. Ceiling light. Three piece suite comprising: bath, pedestal wash hand basin and wc. Fully tiled. Floor to ceiling storage cupboard.

OUTSIDE THE PROPERTY

FRONT GARDEN

Wrought iron gate. Laid to concrete with raised flower border.

REAR YARD

Laid to concrete with timber courtesy gate providing access onto the rear alleyway.

TENURE: Freehold

SERVICES: Mains water, mains drainage, mains electricity, mains gas. Local Authority Lancaster City Council. Council Tax Band B. Amount payable for the financial year 2024/25 being £1756.26. Please note that this is a verbal enquiry only. We strongly recommend that prospective purchasers verify the information direct.

Council Tax Band: B (Lancaster City Council)
Tenure: Freehold

Agent Details

ibay Homes, Morecambe

01524 952012

Next Steps?

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