3 Bed Semi-Detached House, Refurb/BRRR, Morecambe, LA3 1JE, £175,000





ValuationOvervalued
Sold Prices | £95K - £295K |
Sold Prices/m² | £1K/m² - £3.1K/m² |
| |
Square Metres | ~93 m² |
Price/m² | £1.9K/m² |
Value Estimate | £140,137£140,137 |
| |
End Value (After Refurb) | £167,750£167,750 |
Investment Opportunity
Cash In | |
Purchase Finance | Bridging LoanBridging Loan |
Deposit (25%) | £43,750£43,750 |
Stamp Duty & Legal Fees | £9,950£9,950 |
Refurb Costs | £37,600£37,600 |
Bridging Loan Interest | £4,594£4,594 |
Total Cash In | £97,644£97,644 |
| |
Cash Out | |
Monetisation | FlipRefinance & RentRefinance & Rent |
Revaluation | £167,750£167,750 |
Mortgage (After Refinance) | £125,813£125,813 |
Mortgage LTV | 75%75% |
Cash Left In | £97,644£97,644 |
Equity | £41,938£41,938 |
Rent Range | £750 - £950£750 - £950 |
Rent Estimate | £871 |
Running Costs/mo | £718£718 |
Cashflow/mo | £153£153 |
Cashflow/yr | £1,831£1,831 |
ROI | 2%2% |
Gross Yield | 6%6% |
Local Sold Prices
51 sold prices from £95K to £295K, average is £135K. £1K/m² to £3.1K/m², average is £1.6K/m².
Price | Date | Distance | Address | Price/m² | m² | Beds | Type | |
£215K | 11/21 | 0 mi | 41, Lordsome Road, Heysham, Morecambe, Lancashire LA3 1JE | £2,389 | 90 | 3 | Detached House | |
£133K | 06/21 | 0.06 mi | 41, Harewood Avenue, Heysham, Morecambe, Lancashire LA3 1JH | £1,622 | 82 | 3 | Semi-Detached House | |
£143K | 10/21 | 0.07 mi | 42, Harewood Avenue, Heysham, Morecambe, Lancashire LA3 1JQ | £1,833 | 78 | 3 | Semi-Detached House | |
£120K | 03/21 | 0.08 mi | 52, Lordsome Road, Heysham, Morecambe, Lancashire LA3 1JB | £1,623 | 74 | 3 | Semi-Detached House | |
£130.2K | 06/21 | 0.08 mi | 22, Lordsome Road, Heysham, Morecambe, Lancashire LA3 1JB | - | - | 3 | Semi-Detached House | |
£295K | 11/21 | 0.12 mi | 8, St Johns Grove, Heysham, Morecambe, Lancashire LA3 1ET | £2,521 | 117 | 3 | Semi-Detached House | |
£170K | 08/23 | 0.14 mi | 18, Woodlands Drive, Heysham, Morecambe, Lancashire LA3 1LZ | £2,500 | 68 | 3 | Semi-Detached House | |
£210K | 05/21 | 0.15 mi | 1, Woodlands Grove, Heysham, Morecambe, Lancashire LA3 1NF | £2,692 | 78 | 3 | Detached House | |
£250K | 10/22 | 0.15 mi | 152, Balmoral Road, Morecambe, Lancashire LA3 1HW | - | - | 3 | Detached House | |
£110K | 07/21 | 0.15 mi | 3, Balmoral Avenue, Heysham, Morecambe, Lancashire LA3 1JU | £1,507 | 73 | 3 | Semi-Detached House | |
£125K | 04/21 | 0.17 mi | 34, Maple Avenue, Heysham, Morecambe, Lancashire LA3 1HZ | £1,563 | 80 | 3 | Semi-Detached House | |
£167K | 01/23 | 0.17 mi | 44, Maple Avenue, Heysham, Morecambe, Lancashire LA3 1HZ | £1,965 | 85 | 3 | Semi-Detached House | |
£128.5K | 04/21 | 0.17 mi | 7, Hampton Road, Heysham, Morecambe, Lancashire LA3 1EJ | £1,785 | 72 | 3 | Semi-Detached House | |
£129K | 02/21 | 0.17 mi | 42, Kings Crescent, Heysham, Morecambe, Lancashire LA3 1HX | £1,491 | 87 | 3 | Semi-Detached House | |
£160K | 08/21 | 0.17 mi | 145, Balmoral Road, Morecambe, Lancashire LA3 1HN | - | - | 3 | Semi-Detached House | |
£95K | 10/21 | 0.19 mi | 1, Myrtle Grove, Heysham, Morecambe, Lancashire LA3 1HT | £1,319 | 72 | 3 | Semi-Detached House | |
£170K | 12/20 | 0.19 mi | 67, Fairfield Road, Heysham, Morecambe, Lancashire LA3 1ES | £1,405 | 121 | 3 | Semi-Detached House | |
£138K | 02/23 | 0.19 mi | 1, Myrtle Grove, Heysham, Morecambe, Lancashire LA3 1HT | £1,917 | 72 | 3 | Semi-Detached House | |
£115K | 11/20 | 0.2 mi | 153, Fairfield Road, Heysham, Morecambe, Lancashire LA3 1LR | £1,130 | 102 | 3 | Semi-Detached House | |
£185K | 12/21 | 0.21 mi | 82, Norton Road, Heysham, Morecambe, Lancashire LA3 1PG | £2,199 | 84 | 3 | Semi-Detached House | |
£250K | 12/22 | 0.21 mi | 70, Norton Road, Heysham, Morecambe, Lancashire LA3 1PG | £3,086 | 81 | 3 | Semi-Detached House | |
£182K | 06/21 | 0.21 mi | 4, Norton Grove, Heysham, Morecambe, Lancashire LA3 1PQ | £1,717 | 106 | 3 | Semi-Detached House | |
£220K | 11/22 | 0.23 mi | 34, Woodlands Drive, Heysham, Morecambe, Lancashire LA3 1NA | - | - | 3 | Detached House | |
£95K | 12/20 | 0.23 mi | 33, Limes Avenue, Heysham, Morecambe, Lancashire LA3 1HS | £1,234 | 77 | 3 | Semi-Detached House | |
£165K | 01/23 | 0.23 mi | 24, Limes Avenue, Heysham, Morecambe, Lancashire LA3 1HS | £2,066 | 80 | 3 | Semi-Detached House | |
£237.5K | 06/21 | 0.24 mi | 67, Norton Road, Heysham, Morecambe, Lancashire LA3 1PF | £2,284 | 104 | 3 | Semi-Detached House | |
£112.5K | 02/21 | 0.24 mi | 56, Granville Road, Heysham, Morecambe, Lancashire LA3 1ED | £1,731 | 65 | 3 | Terraced House | |
£122.5K | 07/21 | 0.24 mi | 58, Granville Road, Heysham, Morecambe, Lancashire LA3 1ED | £1,408 | 87 | 3 | Terraced House | |
£128.5K | 06/23 | 0.24 mi | 58, Granville Road, Heysham, Morecambe, Lancashire LA3 1ED | £1,477 | 87 | 3 | Terraced House | |
£128.5K | 06/23 | 0.24 mi | 58, Granville Road, Heysham, Morecambe, Lancashire LA3 1ED | £1,477 | 87 | 3 | Terraced House | |
£154.4K | 04/21 | 0.25 mi | 12, Barnes Road, Heysham, Morecambe, Lancashire LA3 1UW | £1,036 | 149 | 3 | Semi-Detached House | |
£184.5K | 11/20 | 0.25 mi | 37, Norton Road, Heysham, Morecambe, Lancashire LA3 1HA | £1,963 | 94 | 3 | Terraced House | |
£128K | 05/23 | 0.25 mi | 46, Hampton Road, Heysham, Morecambe, Lancashire LA3 1EL | £1,174 | 109 | 3 | Semi-Detached House | |
£122.5K | 06/21 | 0.25 mi | 28, Harrington Road, Heysham, Morecambe, Lancashire LA3 1EN | £1,114 | 110 | 3 | Detached House | |
£195K | 01/23 | 0.26 mi | 154, Fairfield Road, Heysham, Morecambe, Lancashire LA3 1LS | £2,378 | 82 | 3 | Semi-Detached House | |
£112K | 11/20 | 0.27 mi | 34, Stanley Road, Heysham, Morecambe, Lancashire LA3 1UR | £1,191 | 94 | 3 | Terraced House | |
£130K | 06/21 | 0.27 mi | 58, Stanley Road, Heysham, Morecambe, Lancashire LA3 1UR | £1,271 | 102 | 3 | Terraced House | |
£134K | 04/23 | 0.27 mi | 54, Stanley Road, Heysham, Morecambe, Lancashire LA3 1UR | £1,218 | 110 | 3 | Terraced House | |
£97.5K | 11/20 | 0.27 mi | 28, Granville Road, Heysham, Morecambe, Lancashire LA3 1EB | £1,048 | 93 | 3 | Terraced House | |
£103K | 04/21 | 0.27 mi | 52, Granville Road, Heysham, Morecambe, Lancashire LA3 1EB | £1,170 | 88 | 3 | Terraced House | |
£130K | 10/22 | 0.27 mi | 52, Granville Road, Heysham, Morecambe, Lancashire LA3 1EB | £1,477 | 88 | 3 | Terraced House | |
£127K | 04/21 | 0.29 mi | 4, Cumberland View Close, Heysham, Morecambe, Lancashire LA3 1HG | £1,671 | 76 | 3 | Terraced House | |
£140K | 01/21 | 0.29 mi | 4, Clevelands Avenue, Morecambe, Lancashire LA3 1SX | £1,373 | 102 | 3 | Semi-Detached House | |
£160K | 03/23 | 0.3 mi | 21, Byron Road, Heysham, Morecambe, Lancashire LA3 1UH | - | - | 3 | Terraced House | |
£106K | 12/20 | 0.31 mi | 30, Avondale Road, Heysham, Morecambe, Lancashire LA3 1SR | £1,277 | 83 | 3 | Terraced House | |
£135K | 05/23 | 0.31 mi | 22, Avondale Road, Heysham, Morecambe, Lancashire LA3 1SR | - | - | 3 | Terraced House | |
£194K | 07/21 | 0.32 mi | 10, Rydal Road, Heysham, Morecambe, Lancashire LA3 1DT | £1,848 | 105 | 3 | Terraced House | |
£165K | 01/21 | 0.32 mi | 20, Clevelands Grove, Morecambe, Lancashire LA3 1SY | - | - | 3 | Semi-Detached House | |
£113K | 03/23 | 0.32 mi | 52, Brunswick Road, Heysham, Morecambe, Lancashire LA3 1UG | - | - | 3 | Terraced House | |
£175K | 03/23 | 0.33 mi | 26, Mears Beck Close, Heysham, Morecambe, Lancashire LA3 1UX | - | - | 3 | Terraced House | |
£169.9K | 12/22 | 0.33 mi | 8, Osborne Crescent, Morecambe, Lancashire LA3 1SZ | £2,463 | 69 | 3 | Semi-Detached House |
Local Rents
13 rents from £750/mo to £950/mo, average is £899/mo.
Rent | Date | Distance | Address | Beds | Type | |
£850 | 04/24 | 0.19 mi | Woodlands Drive, Heysham, Morecambe | 3 | Flat | |
£895 | 05/24 | 0.25 mi | Hampton Road, Heysham | 3 | House | |
£950 | 04/24 | 0.31 mi | Cumberland View Road, Heysham, Morecambe | 3 | Detached House | |
£750 | 12/23 | 0.42 mi | - | 3 | Flat | |
£775 | 07/24 | 0.53 mi | Balmoral Road, Morecambe, Lancashire, LA4 | 3 | Flat | |
£950 | 08/24 | 0.53 mi | Chatsworth Road, Morecambe, Lancashire, LA4 | 3 | Flat | |
£950 | 05/24 | 0.55 mi | Clarendon Road, Morecambe | 3 | Flat | |
£899 | 08/24 | 0.56 mi | Albert Road, Morecambe, Lancashire, LA4 | 3 | Flat | |
£899 | 08/24 | 0.56 mi | Albert Road, Morecambe, Lancashire, LA4 | 3 | Flat | |
£750 | 05/24 | 0.56 mi | West End, Morecambe, LA4 | 3 | Flat | |
£750 | 05/24 | 0.56 mi | West End, Morecambe, LA4 | 3 | Flat | |
£950 | 08/24 | 0.57 mi | Chatsworth Road, Morecambe, Lancashire, LA4 | 3 | Flat | |
£950 | 08/24 | 0.57 mi | Chatsworth Road, Morecambe, Lancashire, LA4 | 3 | Flat |
Local Area Statistics
Population in LA3 | 24,58724,587 |
Population in Morecambe | 50,83650,836 |
Town centre distance | 1.23 miles away1.23 miles away |
Nearest school | 0.20 miles away0.20 miles away |
Nearest train station | 1.02 miles away1.02 miles away |
| |
Rental growth (12m) | -2%-2% |
Sales demand | Buyer's marketBuyer's market |
Capital growth (5yrs) | +31%+31% |
Property History
Listed for £175,000
March 26, 2025
Floor Plans

Description
- Freehold - Council Tax Band B +
- Requires some renovation +
- Some radiators and carpets required +
- New bath & toilet +
- Fitted wardrobes +
- Separate dining room +
- Sun room +
- Stunning views +
- Close to amenities +
- Viewing advised +
NO CHAIN - VACANT PROPERTY. A large semi-detached family home boasting plenty of natural light throughout requiring some renovation. Boasting a separate dining room, a suntrap conservatory, a driveway with ample parking and stunning views. Viewing advised.
This large semi-detached family home is located in the seaside town of Morecambe with close proximity to a range of amenities, schools, shopping facilities, food/drink establishments and more. The area also offers excellent road and transport links for travel both locally and further afield.
The accommodation boasts plenty of natural light throughout and briefly comprises a welcoming entranceway, a spacious living room, a separate dining room, a modern fitted kitchen and a suntrap conservatory.
To the first floor is an inviting landing area through to three well-proportioned bedrooms, of which the Master features fitted wardrobes, and a three-piece bathroom that requires some renovation with a new bathtub, a hand wash basin and a new WC.
Externally, the property benefits from a driveway with ample parking and stunning views.
This home is an excellent find. We anticipate a high amount of interest and as such we would recommend that any interested buyers inquire to arrange a viewing at the earliest convenience to ensure the opportunity is not missed.
Premium Fast Sale
The innovative Premium Fast Sale Plus method from Springbok Properties is a secure and straightforward way to buy property. It works like a typical sale, with a number of added benefits to the buyer.
Benefits
o Carefully implemented security measures
o A speedy process
o Realistically priced properties
o A Buy it Now option (ask for further information on this feature from our advisors)
o A significantly reduced chance of fall-throughs
o No risk of being "gazumped"
o The full focus of our highly motivated team
Springbok Properties' Premium Fast Sale Plus puts you in the driving seat thanks to our fast and secure methods.
All properties are competitively priced and carefully managed by motivated sellers for a quick, stress-free transaction.
Deposit
Sales can be secured with a reservation deposit of £2,500. This forms part of the final purchase price and is NOT an extra cost.
This deposit ensures that the property is taken off the market as soon as a sale is agreed. It is then exclusively reserved for you, eliminating gazumping, time wasting and financial loss.
An administration fee of £396 is required in order to draw up an exclusive legally binding contract between the buyer and seller. This gives the buyer exclusive rights to purchase within a pre-agreed timeframe.
Exclusivity
Following the payment of the above amount, Springbok Properties will facilitate a fixed exclusivity period (approximately 12 weeks). During this time, surveys should be arranged and preparations made for the exchange of contracts. The property will be reserved, so there will be no risk of gazumping.
Process
Our Premium Fast Sale Plus follows the below process:
STEP 1 - Register your interest
STEP 2 - Prepare your finances for the purchase
STEP 3 - Arrange a viewing
STEP 4 - Make an offer
STEP 5 - Secure your sale using our secure system
STEP 6 - Exchange and complete
Don't miss out on the chance to purchase this property. Call us today for further information and to arrange a viewing.
If you're interested in this property, we urge you to contact us immediately to arrange an early viewing and get the process started. This will help you to avoid missing out on this opportunity.
Springbok Properties' innovative Premium Fast Sale Plus is a secure and straightforward way to buy property.
Please note: to ensure the highest level of customer service, all calls may be recorded and monitored for training and quality purposes.
Please call us now to book an appointment.
We highly recommend early viewing as this property is priced relatively low and is likely to generate quite an interest.
Please call us now to book an appointment.
Call Recording
Please note to ensure the highest level of customer service, all calls may be recorded and monitored for training and quality purposes.
Disclaimer
Springbok Properties for itself and the Vendors or lessors of properties for whom they act give notice that:
The details shown on this website are a general outline for the guidance of intending purchasers, and do not constitute, nor constitute part of, an offer or contract or sales particulars. All descriptions, dimensions, references to condition and other details are given in good faith and are believed to be correct but any intending purchasers should not rely on them as statements or representations of fact but must satisfy themselves by inspection, searches, survey, enquiries or otherwise as to their correctness. We have not been able to test any of the building service installations and recommend that prospective purchasers arrange for a qualified person to check them before entering into any commitment. Further, any reference to, or use of any part of the properties is not a statement that any necessary planning, building regulations or other consent has been obtained. All photographs shown are indicative and cannot be guaranteed to represent the complete interior scheme or items included in the sale. No person in our employment has any authority to make or give any representation or warranty whatsoever in relation to this property.
TENURE
To be confirmed by the Vendor's Solicitors
Note
The price given is a marketing price and not an indication of the property's market value. The vendor like any seller is looking to achieve the maximum price possible. Hence, by making an enquiry on this property, you recognise and understand that this property is strictly offers in excess of the marketing price provided.
How to View this Property
Viewing is strictly by appointment please call us now for bookings.
AML REGULATIONS & PROOF OF FUNDING: Any proposed purchasers will be asked to provide identification and proof of funding before any offer is accepted. We would appreciate your co-operation with this to ensure there are no delays in agreeing the sale.
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