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See how verdicts work2 × 2-bed flat + 2 × 3-bed flat · LA4 5EP
For saleListed 96 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
A rare opportunity to acquire a substantial mid-terraced mixed-use property in the heart of Morecambe town centre.
With full planning permission granted (Ref: 23/00440/ful) for a ground floor retail unit and four self-contained apartments (two x 2-bed and two x 3-bed), this stripped-back property offers a true blank canvas for developers and investors, with the added bonus of being fully reroofed earlier this year.
Offering the potential for a high-quality mixed-use scheme with an anticipated rental income of around £50,000 per annum, this is an exciting investment opportunity with no onward chain and is located close to shops, transport links, Morecambe Train Station, the seafront and the future Eden Project North.
Inside The Home An exceptional opportunity to acquire a substantial mid-terraced, mixed-use property situated in the heart of Morecambe town centre.
Offering excellent development potential in one of the North West's most exciting regeneration hotspots, with a No Chain purchase.
The property benefits from full planning permission (Ref: 23/00440/ful) for the creation of a ground floor retail unit together with four self-contained apartments, comprising two 2-bedroom apartments and two 3-bedroom apartments.
Having been stripped back internally and a reroofed entirely earlier this year, the building provides a genuine blank canvas, allowing developers and investors the flexibility to complete the project to their own specification and finish.
Ideally positioned in the heart of Morecambe town centre, the property is within easy walking distance of shops, transport links including Morecambe Train Station, the seafront, and the highly anticipated Eden Project North, making it an attractive proposition for both residential and commercial investment, capitalising on the area's continued growth and increasing demand for quality residential accommodation.
This building offers an anticipated annual rental return of £50,000 per annum, once renovations are complete.
Whether you're an experienced developer or investor seeking your next project, this is an exceptional opportunity to create a high-quality, mixed-use development in one of the most beautiful seaside towns in the North of England.
Let's Take A Closer Look At The Area Located on the stunning Lancashire coastline, Morecambe is a vibrant seaside town renowned for its sweeping promenade, breathtaking sunsets over Morecambe Bay, and panoramic views towards the Lake District.
Blending traditional coastal charm with ongoing regeneration, the town offers an array of independent cafés, restaurants, parks and leisure attractions.
Excellent transport links include the Bay Gateway, providing direct access to the M6 motorway, together with Morecambe railway station offering regular services to Lancaster, located on the West Coast mainline.
The area is also well served by a choice of highly regarded primary and secondary schools, making Morecambe an increasingly desirable location for families, professionals and retirees alike.
Let's Step Outside Externally, the property offers access to a yard at the rear, with parking located on the neighbouring streets surrounding, with the added bonus of a large pay and display located a stones throw away.
Services The property is fitted with mains gas, mains water and mains drainage. Tenure The property is freehold. Title number: LAN277691. Council Tax This home is Band B under Lancaster City Council.
Viewings Strictly by appointment via Houseclub Estate Agency. Energy Performance Certificate View online or for more information contact our office for 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.
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FAQ
About Blanco's Pet Shop, 64, Queen Street, Morecambe
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