2-bedroom flat · LA3 1FR
For saleListed 223 days
Opportunity summary
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About
This is a very well maintained and presented purpose built self contained Second floor apartment is in the Sandylands area of Morecambe in between Morecambe and Heysham.
The accommodation comprises; shared and communal entrance and hallways, private entrance vestibule, inner hallway, open plan living arrangement, two bedrooms with en suite to master and separate bathroom.
There is parking to the rear. Located in the Sandylands Promenade area the position enjoys fabulous coastal walks and scenery.
There is also good access to a range of nearby amenities with shops and services on Heysham Road.
The location takes full advantage of the recently opened Bay Gateway link road which provides enhanced access to the Lake District, Kendal, Yorkshire Dales, Preston and central Lancashire.
The Morecambe area 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.
Leasehold information: Ground Rent Payable: Yes Annual Ground Rent: £300 Service Charge: £1500 Length of the Lease: 999 years Start Date of the Lease: 01/01/2007 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
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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
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FAQ
About Egret Housemears Beck Close, Mears Beck Close, Heysham
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