2-bedroom flat · LA4 5PE
Sold STCListed 20 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
This spacious two bedroom top floor apartment on Thornton Road offers a fantastic opportunity for those looking to put their own stamp on a property.
In need of some cosmetic renovation, the home features a secure communal entrance.
The accommodation comprises a generous lounge filled with natural light, a good-sized kitchen ready for modernisation, and two well-proportioned double bedrooms.
A family bathroom completes the interior space. Externally, the apartment benefits from access to shared communal areas.
Location is a key highlight for this property, sitting within easy reach of popular local amenities, shops, and highly convenient transport links.
Offered with excellent potential for capital growth or a strong rental yield, this property is a must see. Call the Farrell Heyworth team today to arrange your viewing!
Leasehold information: Ground Rent Payable: Yes Annual Ground Rent: £150 Service Charge: £720 per annum including buildings insurance Length of the Lease: 999 years Start Date of the Lease: 01/05/1988 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
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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 Thornton Road, Morecambe
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