5-bedroom house · LA4 5QR
Listing removedListed 181 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Prominent three storey terrace building which provides an exciting investment purchase. The location takes full advantage of an artery access road directly into the heart of Morecambe.
Great for amenities and main bus routes.
The building comprises five letting units with two ground floor flats, basement storage room, two further letting units to the 1st floor and a 5th letting unit/flat on the second floor.
The building currently provides a total annual income once occupied of £28,164 (minus agent costs and expenses).
All five are on tenancy agreements providing good regular incomes with potential for growth or development.
The central location makes this an ideal prospect for a buy to let and would make a fantastic long term investment.
Morecambe is currently under review for the potential construction of the Eden Project North which we believe will significantly enhance the popularity of the area and boost the local economy.
The town now takes full advantage of the Bay Gateway link road which provides enhanced access via the M6 to the Lake District, Kendal, Yorkshire Dales, Preston and central Lancashire.
The property also benefits from a rear yard, providing a functional outdoor space for residents.
Please Note: Virtual viewings are available however should physical viewings be required we will do everything we can to make arrangements but we cannot guarantee access to all flats on the same schedule.
Council Tax Information: Band A Agent Note In order to purchase a property in the UK, all estate agents are legally required to conduct identity checks on everyone involved in the transaction, in line with anti-money laundering regulations.
Farrell Heyworth outsource this process to a trusted third party, and a non-refundable charge will apply. Please contact your local branch for further details.
Value & comps
No previous sales on record.
Returns
Set an offer; the calculator follows it.
We're still gathering serviced-accommodation data for this area.
Archie refurb estimate: a Pro feature
0.0% below asking
This is not financial or investment advice. Prop AI Deals is not authorised by the Financial Conduct Authority (FCA) to provide investment advice.
All investment calculators, property analyses, and AI-generated insights are for informational purposes only. Property investment carries risk and may result in financial loss. All calculations should be independently verified and you should consult with FCA-authorised financial advisors before making any investment decisions.
Past performance does not guarantee future results. Tax implications vary by individual circumstances.
Deal
Properties like this can earn 2–3x BTL yields when converted to HMO, with retrofit costs around £10k/room. Sign in to see the full tier, yield projection, and cost breakdown.
Commercial properties like this can earn 30-50% higher yields when converted to residential under Class MA / Q / P / PA, with prior approval costing ~GBP 96/unit. Sign in to see the recommended route, yield uplift, and cost breakdown.
BRRR-suited properties can recycle 80-100% of investor capital on refi, leaving a high-yielding rental with most of the money out. Sign in to see the refurb cost stack, ARV projection, and refinance maths.
Detached + large garden = sub-division play. Pro tier unlocks the tier badge, plot size, uplift estimate, and regional land benchmark.
Short-lease flats trade at deep discount, but extending under the 1993 Act often costs far less than the discount. Pro tier unlocks the tier badge, premium breakdown, long-lease ARV and arbitrage maths.
See projected short-stay revenue vs a vanilla BTL for this property.
See real sub-let margins (HMO room rates & SA nightly rates) vs the landlord rent.
Area
Agent & docs
FAQ
About Lancaster Road, Morecambe
Explore nearby