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See how verdicts work1-bedroom flat · LA4 6AY
Listing removedListed 35 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
A fantastic investment opportunity to purchase this first-floor one-bedroom apartment, ideally situated on the sea front promenade and enjoying panoramic views across Morecambe Bay and beyond towards the Lake District.
Located at the beginning of Princes Crescent, the property is ideally positioned for everyday convenience, with a wide range of local amenities close by, including a Post Office, bakery, butcher and convenience stores.
Further benefits include excellent transport links via Bare Lane Railway Station and regular bus services, as well as the popular Happy Mount Park and scenic promenade, perfect for leisurely walks along the coast.
The apartment is accessed via a private first-floor entrance, leading into a welcoming hallway with a large storage cupboard.
From here, there is a spacious lounge featuring a useful room divider and access to an internal balcony, which enjoys stunning panoramic views across Morecambe Bay.
The kitchen is fitted with a range of units and built-in cooking appliances, while the good-sized bedroom benefits from fitted wardrobes.
Completing the accommodation is a fully tiled shower room/WC, which also incorporates a useful airing cupboard.
The building itself provides a secure and well-maintained environment, with a high-security communal entrance foyer and intercom system providing direct communication with each apartment for visitors.
There are also two automatic lifts serving all floors, providing additional convenience and peace of mind should one lift require servicing or maintenance.
Further benefits include an undercroft car park with one allocated parking space.
We feel this property would make an excellent choice for buyers seeking a low-maintenance home or investment opportunity in a highly convenient coastal location, with spectacular sea views right on the doorstep.
For sale with vacant possession. Internal viewing is highly recommended to fully appreciate the position, views and overall setting this apartment has to offer.
Ground Floor Communal Front Entrance Foyer Aluminium double-glazed doors fronting the building with additional aluminium locked doors leading into the: Communal Hallways Two automatic lifts to all floors.
Stairways to ither side of the building. Timber framed back door leading out to the external car park.
First Floor Private Entrance Timber framed door leading into the: Hallway Electric storage heater. Telephone intercom system. Telephone point. Power points. Ceiling light point.
Walk-In Storage Cupboard (1.59m x 1.40m) Shelving and hanging rail. Consumer unit. Ceiling light point.
Lounge (6.17m x 4.04m) UPVC double glazed window with opener and fitted vertical blind to front elevation with panoramic views over Morecambe Bay.
Further uPVC double glazed window with opener and fitted vertical blind to side elevation. Two electric storage heaters. Marble hearth. Aerial point. Power points. Three ceiling light points.
Decorative coving.
Access into the kitchen and the: Internal Balcony (2.75m x 1.43m) UPVC double glazing to three sides with three openers and fitted vertical blinds to front elevation with panoramic views across Morecambe Bay.
Power points. Ceiling light point. Kitchen (3.7m x 2.4m) UPVC double glazed window with opener and fitted roller blind to side elevation.
Working surfaces to three sides with a full range of tower, wall, drawer and base units with tiled splashbacks. Tower unit housing a built-in electric oven.
Four ring electric hob with pull out extractor above. One and a half bowl stainless steel sink with mixer tap and drainer. Plumbed for a washing machine. Space for a tall fridge freezer. Power points.
Ceiling light point. Length measurement is maximum. Bedroom (4.04m x 3.21m) UPVC double glazed window with opener and fitted vertical blind to front elevation.
Built-in wardrobes to one wall with hanging space and shelving. Power points. Ceiling light point.
Shower Room/WC (2.37m x 1.66m) Three-piece suite comprising of a low flush WC, pedestal hand wash basin and a double walk-in shower enclosure with electric shower over.
Tiled full height to all walls with PVC panelling full height to the shower. Built-in storage cupboard housing the hot water cylinder and airing shelving. Heated towel radiator. Shaving sockets.
Ceiling light point.
Leasehold Details / Maintenance Charges Lease Start Date 05 Oct 1978 Lease End Date 28 Jul 2975 Lease Term from 6 October 1978 to 28 July 2975 Lease Term Remaining 949 years Maintenance Charges The yearly service charge at Lakeland House for Flat 8 is currently £1,672.33 in advance and a £1,505.08 balancing charge at the end of the year.
This is reviewed every year by the site manager and the directors.
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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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 advisers 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.
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FAQ
About Flat 8, Lakeland House, Marine Road East, Morecambe
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