3 Bed Bungalow, Planning Permission, Morecambe, LA3 3AJ, £325,000

Stanhope Avenue, Morecambe, LA3 3AJ - a month ago

Planning
~93 m²
+33 photos

ValuationOvervalued

Sold Prices£85K - £377.5K
Sold Prices/m²£1K/m² - £3.4K/m²

 

 

Square Metres

~93 m²
Price/m²£3.5K/m²

Value Estimate

£206,497

Investment Opportunity

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£81,250

Stamp Duty & Legal Fees

£23,700

Total Cash In

£104,950

 

 

Cash Out

 

Rent Range

£750 - £2,250

Rent Estimate

£769

Running Costs/mo

£1,189

Cashflow/mo

£-420

Cashflow/yr

£-5,045

Gross Yield

3%

Local Sold Prices

51 sold prices from £85K to £377.5K, average is £185K. £1K/m² to £3.4K/m², average is £2.2K/m².

PriceDateDistanceAddressBeds 
£175K05/210.09 mi7, Hadrian Road, Morecambe, Lancashire LA3 3BX3
£176.5K03/210.09 mi84, Hadrian Road, Morecambe, Lancashire LA3 3BX3
£225K05/230.09 mi82, Hadrian Road, Morecambe, Lancashire LA3 3BX3
£250K02/230.1 mi17, Homfray Avenue, Morecambe, Lancashire LA3 3AG3
£205K03/210.1 mi9, Watling Close, Morecambe, Lancashire LA3 3BG3
£163K03/210.11 mi24, Akeman Close, Morecambe, Lancashire LA3 3BP3
£209K02/230.11 mi9, Akeman Close, Morecambe, Lancashire LA3 3BP3
£228K06/230.11 mi17, Akeman Close, Morecambe, Lancashire LA3 3BP3
£228K06/230.11 mi17, Akeman Close, Morecambe, Lancashire LA3 3BP3
£247K07/210.11 mi1a, Homfray Grove, Morecambe, Lancashire LA3 3AQ3
£172K12/200.12 mi10, Warley Avenue, Morecambe, Lancashire LA3 3AR3
£255K03/210.13 mi25, Morecambe Road, Morecambe, Lancashire LA3 3AA3
£237K11/200.16 mi3, Ermine Place, Morecambe, Lancashire LA3 3BU3
£280K04/210.16 mi2, Ermine Place, Morecambe, Lancashire LA3 3BU3
£258K01/210.16 mi6, Ermine Place, Morecambe, Lancashire LA3 3BU3
£164K05/210.18 mi4, Ryknild Way, Morecambe, Lancashire LA3 3BW3
£165K06/210.18 mi5, Ryknild Way, Morecambe, Lancashire LA3 3BW3
£185K09/210.22 mi37, Norwood Drive, Morecambe, Lancashire LA4 6LT3
£110K07/210.27 mi42, Ullswater Avenue, Morecambe, Lancashire LA4 5TY3
£155K07/230.27 mi43, Ullswater Avenue, Morecambe, Lancashire LA4 5TY3
£187K01/210.3 mi287, Lancaster Road, Morecambe, Lancashire LA4 5TP3
£100K02/210.3 mi393, Lancaster Road, Morecambe, Lancashire LA4 6LZ3
£95K05/210.31 mi22, Haweswater Place, Morecambe, Lancashire LA4 5TZ3
£85K06/210.35 mi2, Kentmere Grove, Morecambe, Lancashire LA4 5UF3
£257K11/220.36 mi8, Hyndburn Close, Morecambe, Lancashire LA3 3SQ3
£176K08/210.38 mi4, Severn Court, Morecambe, Lancashire LA3 3ST3
£193K01/230.38 mi27, Severn Court, Morecambe, Lancashire LA3 3ST3
£210K02/230.38 mi10, Lonsdale Avenue, Morecambe, Lancashire LA4 6RX3
£370K03/210.39 mi101, Broadway, Morecambe, Lancashire LA4 5YA3
£377.5K06/210.39 mi119, Broadway, Morecambe, Lancashire LA4 5YA3
£184K06/210.39 mi41, Roeburn Drive, Morecambe, Lancashire LA3 3RY3
£123K02/210.4 mi269, Lancaster Road, Morecambe, Lancashire LA4 5TN3
£150K06/210.4 mi259, Lancaster Road, Morecambe, Lancashire LA4 5TN3
£167.5K04/210.41 mi246, Lancaster Road, Morecambe, Lancashire LA4 5TW3
£178K03/210.41 mi30, Thonock Road, Morecambe, Lancashire LA4 4RG3
£229K03/210.42 mi23, Lynden Avenue, Morecambe, Lancashire LA4 6TF3
£110K11/200.44 mi105, Christie Avenue, Morecambe, Lancashire LA4 5UR3
£176.5K11/210.45 mi33, Lathom Grove, Morecambe, Lancashire LA4 5XT3
£239.2K02/230.45 mi38, Lathom Grove, Morecambe, Lancashire LA4 5XT3
£192K01/210.46 mi2, Dunsop Gardens, Morecambe, Lancashire LA3 3SL3
£218K05/230.46 mi7, Dunsop Gardens, Morecambe, Lancashire LA3 3SL3
£175K05/230.46 mi21, Langden Brook Mews, Morecambe, Lancashire LA3 3SN3
£215K07/230.46 mi10, Langden Brook Mews, Morecambe, Lancashire LA3 3SN3
£287K12/220.47 mi171, Bare Lane, Morecambe, Lancashire LA4 6RR3
£115.8K12/200.48 mi65, Christie Avenue, Morecambe, Lancashire LA4 5UP3
£170K07/210.48 mi33, Michaelson Avenue, Morecambe, Lancashire LA4 6SD3
£182K12/200.49 mi26, Rochester Avenue, Morecambe, Lancashire LA4 4RH3
£139K02/210.49 mi12, Rochester Avenue, Morecambe, Lancashire LA4 4RH3
£151K11/200.49 mi3, Lathom Avenue, Morecambe, Lancashire LA4 5XR3
£232.5K05/230.49 mi11a, Lathom Avenue, Morecambe, Lancashire LA4 5XR3
£220K03/220.49 mi1a, Kenyon Road, Morecambe, Lancashire LA4 6PT3

Local Rents

21 rents from £750/mo to £2.3K/mo, average is £900/mo.

RentDateDistanceAddressBeds 
£90005/240.43 miDallas Road, Torrisholme, LA43
£82506/240.43 miWyre Close, Grosvenor Park, Lancaster, LA33
£1,50007/240.5 miEssex Road, Torrisholme3
£90004/240.57 miMichaelson Avenue, Morecambe, LA43
£95006/240.63 miKayswell Road, Torrisholme, Morecambe3
£85004/240.65 miGregareth Close, Lancaster3
£1,30005/240.81 miLichfield Avenue, Bare3
£90004/240.81 miWhitby Road, Morecambe3
£85006/240.84 miHampsfell Drive, Westgate, Morecambe, Lancashire3
£92504/240.85 miHampsfell Drive, Westgate3
£92505/240.89 miWatery Lane, Lancaster3
£95004/241 miThornton Road, Morecambe3
£87501/251.02 mi-3
£89504/241.03 miHestham Avenue, Morecambe3
£2,25004/241.06 mi-3
£1,95012/241.06 mi-3
£80008/241.09 miWestover Street, Morecambe, LA43
£77504/241.1 miThornton Road, Morecambe, LA43
£85001/251.13 mi-3
£75002/241.18 mi-3
£1,45007/241.22 miMarine Road East, Morecambe, LA43

Local Area Statistics

Population in LA3

24,587

Population in Morecambe

50,836

Town centre distance

0.90 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 £325,000

March 28, 2025

Floor Plans

Description

  • Three Bedroom Semi-Detached Bungalow On Great Plot In Torrisholme +
  • Well Placed For Arterial Transport - 5 Mins to Junction 34 M6 +
  • Superbly Upgraded By The Current Owner With Even More Scope for Improvement Externally +
  • Spacious Open Plan Kitchen/Living Space With Cosy Wood-Burning Stove +
  • Planning Permission Granted For An Area Of Raised Decking & Balcony - 21/00122/FUL +
  • Family Bathroom & Master Bedroom En-Suite - Suitable For Limited Mobility +
  • Currently used as a very successful Air BnB - Easy To Carry On If Purchasers Wish To +
  • Modern Fitted Kitchen With Integrated Appliances +
  • Beautiful South Facing Rear Gardens & Off Street Parking In A Corner Plot - Total Plot Size Circa 0.2 Acre +
  • Partly Boarded Out Spacious Loft Space With Pull Down Ladder & Light Fitting +

Nestled in the sought-after area of Torrisholme, this beautifully presented three-bedroom semi-detached bungalow offers a perfect blend of modern living, generous outdoor space, and fantastic potential. Recently extended and immaculately presented, with quality doors and stylist flooring. This property is ideal for families and downsizers alike, providing ample space, comfort, and style. Step inside to discover a spacious bright and airy layout, with a modern open-plan kitchen and dining area that forms the heart of the home alongside a well proportioned living room lit by a lantern ceiling. The kitchen is fully equipped with high-quality fittings and appliances, offering the perfect space for entertaining or enjoying family meals. The light-filled living areas flow effortlessly, creating a welcoming and relaxing atmosphere throughout. There is also an intelligently designed utility room accessed from the dining area keeping appliances housed and away from the main Kitchen space as well as providing excellent storage.  The property boasts three generously sized double bedrooms, all in pristine condition. The master suite is designed to be beneficial to those with limited mobility,  from its en-suite shower room,  which providing privacy and convenience and boast its own  private entrance way from the side elevation. A beautifully presented family bathroom serves the other two bedrooms, ensuring there is plenty of space for everyone. The property sits on a spacious corner plot, providing an abundance of outdoor space with large gardens to the front, side, and rear. The gardens are beautifully maintained, offering a safe and peaceful environment for children to play or for adults to unwind. With planning permission already granted for a balcony and raised decking area, there is even more potential to create your perfect outdoor retreat. For those with multiple vehicles or needing extra space for visitors, the property offers plenty of parking, ensuring ease and convenience for all. Whether you're looking for a comfortable family home or a peaceful retreat to downsize into, this bungalow ticks all the boxes. Located in a peaceful, desirable neighbourhood, it’s close to local amenities, schools, and transport links, making it perfect for modern family living. Don’t miss out on this fantastic opportunity to secure a truly exceptional home. Book a viewing today!

Agent Details

Lune Valley Estates, Lune Valley

01524 967573

Next Steps?

This deal was sourced from Rightmove. Contact the landlord/agent for a viewing now 💪