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See how verdicts work2-bedroom flat · LA4 5YB
Listing removedReduced £5k (−3.4%) on 21 JunListed 188 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Description Spacious, purpose built two bedroom first floor flat in this popular development overlooking both Broadway and Lancaster Road and conveniently situated for Torrisholme village amenities, on a regular bus route to Morecambe and Lancaster and within easy access of the 'Bay Gateway' M6 link road.
The accommodation is fully uPVC double glazed, gas central heated and briefly comprises: Communal entrance and hallway with staircase to the upper floors, first floor landing with private entrance into flat 9, hallway with walk-in utility/storage/boiler room, lounge diner with feature fireplace and balcony, modern fitted kitchen with built-in oven, hob and microwave, two double bedrooms and fully tiled bathroom/wc.
Outside, there are good size communal garden areas surrounding the development, residents' parking and a garage.
Of interest we feel to a range of buyers including the retired/semi-retired buyer or buy-to-let investors seeking a well-maintained property with no upward chain.
Communal front entrance & hallway Intercom entry system. Staircase to upper floors. First floor Private entrance into flat 9 via a fire door. Hallway Telephone intercom system.
Central heating radiator. Built-in storage cupboard with hanging rail and shelf. Cupboard housing the electricity meter and consumer unit with telephone point. Coving. Ceiling lights. Power points.
Lounge with balcony 5.16m x 3.63m (16'11'' x ) uPVC double glazed window and door leading out on to the balcony overlooking Broadway. Feature fireplace with coal effect electric fire.
Two central heating radiators. TV aerial point. Coving. Ceiling light. Power points. Breakfast kitchen 3.26m x 1.98m ( x 6'5'') uPVC double glazed window to the rear elevation.
Range of fitted furniture including base, drawer and wall units. Complementary working surfaces in part to three walls incorporating a breakfast bar.
Inset single bowl stainless steel sink with mixer tap. Built-in 'Belling' electric oven, 'Neff' microwave, four ring electric hob and pull out cooker hood with extractor fan and light above.
Space for fridge freezer. Part tiled to all walls. Ceiling light. Power points. Utility/storage/boiler room UPVC patterned double glazed window to the side elevation.
Wall mounted 'Ideal' gas combination condensing boiler. Shelving. Plumbing/space for washing machine and tumble dryer. Gas meter. Ceiling light. Electric power points.
Bedroom one 4.12m x 3.31m () uPVC double glazed window to the rear elevation overlooking Lancaster Road. Central heating radiator. Coving. Ceiling light. Power points.
Bedroom two 2.73m x 2.68m () uPVC double glazed window to the front elevation. Central heating radiator. Ceiling light point. Power points.
Shower room 2.09m x 1.74m () uPVC patterned double glazed window to the side elevation.
Three piece suite in white comprising shower cubicle with mains shower, pedestal wash hand basin and low flush wc. Heated chromium towel rail. Fully aquaboarded floor to ceiling. Ceiling light.
Outside the property communal gardens Good size gardens surrounding the development with pleasant lawn areas, trees and shrubs.
There is also a communal garden area (to the rear of garages) with a range of communal seating. Bin store area. Garage Located in a block to the rear of the property with metal up and over door.
Tenure Leasehold- 999 years from 1st January 1973.
There is a maintenance charge of £1000 per annum which includes amongst others - building insurance, maintenance & cleaning of the hallway and communal areas, window cleaning, communal lighting and maintenance of the communal gardens.
This is paid to the 'Braemar Court Residents Association Ltd'. Council Tax Band: B (Lancaster City Council) Tenure: Leasehold (946 years) Ground Rent: £0 per year Service Charge: £1,000 per year
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.
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FAQ
About 9 Braemar Court, Morecambe
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