2 Bed Terraced House, Refurb/BRRR, Morecambe, LA3 1UH, £119,950

31 Byron Road, Heysham, Morecambe, LA3 1UH - 2 views - 9 days ago

Refurb/BRRR
ROI: 3%
74 m²
+6 photos

ValuationFair Value

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

 

 

Square Metres

74 m²
Price/m²£1.6K/m²

Value Estimate

£119,950

 

 

End Value (After Refurb)

£110,500

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£29,988

Stamp Duty & Legal Fees

£7,198

Refurb Costs

£29,918

Bridging Loan Interest

£3,149

Total Cash In

£72,002

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£110,500

Mortgage (After Refinance)

£82,875

Mortgage LTV

75%

Cash Left In

£72,002

Equity

£27,625

Rent Range

£425 - £899

Rent Estimate

£710

Running Costs/mo

£507

Cashflow/mo

£203

Cashflow/yr

£2,432

ROI

3%

Gross Yield

7%

Local Sold Prices

54 sold prices from £86.5K to £235K, average is £137.2K. £1.3K/m² to £3.5K/m², average is £2.1K/m².

PriceDateDistanceAddressBeds 
£92K07/210 mi27, Byron Road, Heysham, Morecambe, Lancashire LA3 1UH2
£90K06/210.07 mi18, Harrington Road, Heysham, Morecambe, Lancashire LA3 1EN2
£93K07/230.07 mi14, Harrington Road, Heysham, Morecambe, Lancashire LA3 1EN2
£93K07/230.07 mi14, Harrington Road, Heysham, Morecambe, Lancashire LA3 1EN2
£86.5K11/200.08 mi33, Gardner Road, Heysham, Morecambe, Lancashire LA3 1RX2
£90K11/200.09 mi2, Granville Road, Heysham, Morecambe, Lancashire LA3 1EB2
£129K12/210.17 mi5, Cumberland View Close, Heysham, Morecambe, Lancashire LA3 1HG2
£155K06/230.17 mi12, Cumberland View Close, Heysham, Morecambe, Lancashire LA3 1HG2
£90K12/220.22 mi122b, Balmoral Road, Morecambe, Lancashire LA3 1ST2
£235K11/200.27 mi9a, St Johns Grove, Heysham, Morecambe, Lancashire LA3 1ET2
£116K07/210.28 mi9, Norton Road, Heysham, Morecambe, Lancashire LA3 1HA2
£142K07/230.28 mi11, Brook Road, Morecambe, Lancashire LA3 1AX2
£142K07/230.28 mi11, Brook Road, Morecambe, Lancashire LA3 1AX2
£120K09/210.29 mi1, Grays Place, Heysham, Morecambe, Lancashire LA3 1JS2
£117K04/210.3 mi12, Manor Grove, Heysham, Morecambe, Lancashire LA3 1JA2
£150K06/230.3 mi1, Manor Grove, Heysham, Morecambe, Lancashire LA3 1JA2
£165.8K05/230.3 mi53, Lordsome Road, Heysham, Morecambe, Lancashire LA3 1JE2
£162K07/210.31 mi13, Scott Road, Morecambe, Lancashire LA3 1AL2
£155K03/230.42 mi68, Osborne Road, Heysham, Morecambe, Lancashire LA3 1AA2
£128K06/210.49 mi11, Windsor Avenue, Morecambe, Lancashire LA4 4LR2
£120K01/230.51 mi15, Willacy Parade, Heysham, Morecambe, Lancashire LA3 1LT2
£173K02/230.51 mi25, Levens Drive, Heysham, Morecambe, Lancashire LA3 1JN2
£169.9K08/210.53 mi20, Oxcliffe Avenue, Heysham, Morecambe, Lancashire LA3 1PT2
£129.9K04/210.54 mi4, Harrison Crescent, Heysham, Morecambe, Lancashire LA3 1PX2
£132K02/210.56 mi45, Levens Drive, Heysham, Morecambe, Lancashire LA3 1JN2
£169.9K12/220.59 mi92, Acre Moss Lane, Morecambe, Lancashire LA4 4ND2
£185K12/220.59 mi90, Oxcliffe Road, Heysham, Morecambe, Lancashire LA3 1LX2
£134.5K03/210.59 mi76, Oxcliffe Road, Heysham, Morecambe, Lancashire LA3 1LX2
£160K04/210.59 mi72, Oxcliffe Road, Heysham, Morecambe, Lancashire LA3 1LX2
£100K09/210.62 mi21, Osborne Grove, Morecambe, Lancashire LA4 4PL2
£120K12/200.64 mi31, Bleasdale Grove, Heysham, Morecambe, Lancashire LA3 2EX2
£175K04/210.64 mi8, Bertram Avenue, Morecambe, Lancashire LA4 4PW2
£168K12/220.67 mi29, Osborne Grove, Morecambe, Lancashire LA4 4PN2
£181K05/230.69 mi22, Kenwood Avenue, Morecambe, Lancashire LA4 4PB2
£195K12/200.7 mi311, Heysham Road, Heysham, Morecambe, Lancashire LA3 2BA2
£117K04/210.71 mi299, Heysham Road, Heysham, Morecambe, Lancashire LA3 2BA2
£118K11/200.71 mi2, Crofters Fold, Heysham, Morecambe, Lancashire LA3 2AH2
£108K06/210.72 mi20, Highgrove Close, Morecambe, Lancashire LA4 4NF2
£115K06/230.72 mi18, Highgrove Close, Morecambe, Lancashire LA4 4NF2
£139.9K03/210.74 mi8, Ashcroft, Heysham, Morecambe, Lancashire LA3 2AP2
£139.9K03/210.74 mi8, Ashcroft, Heysham, Morecambe, Lancashire LA3 2AP2
£139.9K03/210.74 mi8, Ashcroft, Heysham, Morecambe, Lancashire LA3 2AP2
£159K04/230.85 mi62, Carleton Street, Morecambe, Lancashire LA4 4NY2
£145K02/230.85 mi18, Carleton Street, Morecambe, Lancashire LA4 4NY2
£160K02/210.86 mi29, Rylstone Drive, Heysham, Morecambe, Lancashire LA3 2DY2
£155K07/210.86 mi74, Rylstone Drive, Heysham, Morecambe, Lancashire LA3 2DY2
£186K08/230.86 mi33, Rylstone Drive, Heysham, Morecambe, Lancashire LA3 2DY2
£115K12/200.89 mi120, Schola Green Lane, Morecambe, Lancashire LA4 4PX2
£122K10/220.89 mi130, Schola Green Lane, Morecambe, Lancashire LA4 4PX2
£121K04/210.94 mi19, Campion Way, Morecambe, Lancashire LA3 3QE2
£125K02/230.94 mi31, Campion Way, Morecambe, Lancashire LA3 3QE2
£125K05/230.94 mi7, Campion Way, Morecambe, Lancashire LA3 3QE2
£162.5K07/230.96 mi45, Hampsfell Drive, Morecambe, Lancashire LA4 4TU2
£145K09/210.97 mi4, Threshfield Avenue, Heysham, Morecambe, Lancashire LA3 2DU2

Local Rents

50 rents from £425/mo to £899/mo, average is £699/mo.

RentDateDistanceAddressBeds 
£77505/240.07 miHarrington Road, Heysham, LA32
£65007/230.09 mi-2
£82507/240.11 miBold Street, Morecambe, Lancashire, LA32
£82507/240.11 miBold Street, Morecambe, Lancashire, LA32
£85007/240.11 miBold Street, Morecambe, Lancashire, LA32
£85008/240.11 miBold Street, Morecambe, Lancashire, LA32
£82508/240.11 miBold Street, Morecambe, Lancashire, LA32
£85008/240.11 miBold Street, Morecambe, Lancashire, LA32
£67508/240.11 miFlat 3, 20 Sefton Road, Heysham2
£65007/240.14 miHeysham Road, Heysham2
£65006/240.15 miBalmoral Road, Heysham2
£62507/240.16 miMarine Road West, Morecambe2
£65006/230.16 mi-2
£65003/250.16 mi-2
£71502/240.16 mi-2
£75002/250.16 mi-2
£60011/230.16 mi-2
£72504/240.17 mi28 Sandylands Promenade, Morecambe2
£65007/240.21 miMarine Road, Morecambe, LA32
£65008/240.21 miMarine Road, Morecambe, LA32
£67507/240.21 miMarine Road West, Morecambe, LA32
£42507/230.21 mi-2
£70002/240.22 mi-2
£65002/240.22 mi-2
£75003/250.22 mi-2
£75006/240.22 miBalmoral Road, Morecambe2
£57508/240.27 miHeysham Road, Morecambe, Lancs, LA32
£52505/240.27 mi164 Heysham Road, Morecambe, Lancs, LA32
£75009/240.27 mi80 Sandylands Promenade, Morecambe, LA32
£70009/240.28 miDalton Road, Heysham, Morecambe, Lancashire2
£66004/240.28 mi-2
£67501/250.28 mi-2
£59504/240.28 miHeysham Road, Heysham, Morecambe, LA3 1DJ2
£67503/250.28 mi-2
£67508/240.3 miRegent Road, Morecambe2
£67509/240.3 miRegent Road, Morecambe2
£57505/240.3 miRegent Road, LA32
£67509/240.3 miRegent Road, Morecambe, LA32
£66507/240.3 miRegent Road, Morecambe2
£80003/250.31 mi-2
£85004/240.31 miClarendon Road, Morecambe2
£69905/240.32 miRegent Road, Morecambe, Lancashire, LA32
£85008/240.32 miRegent Road, Morecambe, Lancashire, LA32
£72507/240.35 miAlbert Road, Morecambe, Lancashire, LA42
£69907/240.35 miAlbert Road, Morecambe, Lancashire, LA42
£72507/240.35 miAlbert Road, Morecambe, Lancashire, LA42
£69907/240.35 miAlbert Road, Morecambe, Lancashire, LA42
£79908/240.35 miAlbert Road, Morecambe, Lancashire, LA42
£89908/240.35 miAlbert Road, Morecambe, Lancashire, LA42
£89908/240.35 miAlbert Road, Morecambe, Lancashire, LA42

Local Area Statistics

Population in LA3

24,587

Population in Morecambe

50,836

Town centre distance

1.12 miles away

Nearest school

0.10 miles away

Nearest train station

0.81 miles away

 

 

Rental growth (12m)

-2%

Sales demand

Buyer's market

Capital growth (5yrs)

+31%

Property History

Listed for £119,950

March 27, 2025

Floor Plans

Description

  • NO CHAIN +
  • PRICED TO SELL +
  • IN NEED OF SOME REFURBISHMENT +
  • TWO BEDROOMS +
  • OPEN PLAN LOUNGE/DINING ROOM +
  • KITCHEN WITH WALK IN PANTRY +
  • GENEROUS REAR GARDEN +
  • WITHIN WALKING DISTANCE TO SANDYLANDS PROMENADE +
  • POPULAR AREA +
  • GREAT INVESTMENT +

Two-bedroom traditional terraced home, perfectly situated in a sought-after area of Morecambe, just a short walk away from the delightful Sandylands Promenade and a variety of local amenities.

Although requiring some modernisation, this spacious property offers fantastic potential and is ready to be transformed back into a wonderful family home. Ideal for anyone seeking an exciting and manageable project, the accommodation features a generously sized open-plan lounge and dining room, perfect for relaxing and entertaining.

On the first floor, there are two well-proportioned bedrooms, offering ample space and flexibility, along with a family bathroom.

Outside, the property benefits from a spacious, low-maintenance garden, providing an inviting outdoor space ideal for relaxing and socialising.

With some love, care, and creative vision, this charming terrace home will undoubtedly shine once again, offering a wonderful opportunity in a prime Morecambe location.

Entrance Vestibule - Door to the hallway.

Hallway - Stairs to the first floor, radiator.

Lounge - Open plan wth a double glazed bay window to the front, fireplace with inset gas fire, cupboard housing the gas meter, consumer unit, carpeted floor, radiator.

Dining Room - Double glazed window to the rear, carpeted floor, radiator.

Kitchen - Double glazed window to the rear, range of matching wall and base units, stainless steel sink, plumbing for washing machine, four ring gas hob and extractor hood, electric oven, vinyl floor, radiator, door to the yard, walk-in pantry.

First Floor Landing -

Bedroom One - Double-glazed windows to the front, carpeted floor, radiator.

Bedroom Two - Double-glazed window to the rear, carpeted floor, radiator.

Bathroom - Double-glazed frosted window to the side, panelled bath with Triton electric shower, vanity unit with inset wash hand basin, linen cupboard housing the combi boiler, vinyl floor, W.C.

Outside - Spacious rear yard with gate to access road, patio area, water tap and storage shed.

Useful Information - No Chain
Tenure Freehold
Council Tax Band (A ) £1,578.14

Agent Details

Mighty House, Lancaster

01524 967572

Next Steps?

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