1-bedroom flat · LA4 6AY
Sold STCListed 68 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Location Positioned on Morecambe Promenade in the sought-after Bare area, Lakeland House enjoys one of the town's most desirable waterfront settings.
The promenade is on your doorstep, offering scenic walks along the coast, while Bare village is just a short stroll away with its independent shops, cafés, railway station and everyday amenities.
Excellent bus routes provide easy access to both Morecambe and Lancaster, and from the sixth floor this apartment enjoys far-reaching south-facing views across Bare, towards Torrisholme and on to Lancaster in the distance, creating an ever-changing outlook throughout the day.
About This Home Located on the sixth floor with lift access, this bright and well-maintained one-bedroom apartment makes the most of its elevated position with spectacular panoramic views from the main living space and enclosed sunroom.
The generous living room offers plenty of space for both seating and dining, while large windows flood the room with natural light.
Sliding doors lead into the enclosed balcony, creating a wonderful additional seating area where you can relax and enjoy the impressive outlook in all seasons.
The fitted kitchen is well planned with extensive worktop space, generous storage and a feature glazed internal wall that allows light to flow through into the hallway.
The entrance hall also benefits from a useful storage cupboard, helping to keep the apartment organised.
The double bedroom is a comfortable size with plenty of room for bedroom furniture, while the modern shower room features a large walk-in shower, making it practical and accessible for a wide range of buyers.
Offered in good order throughout, the apartment is ready to move into and would suit those looking for low-maintenance living in a prime seafront location.
Property Information Leasehold apartment Approximately 949 years remaining on the lease (at the time of writing) Combined service charge and ground rent: £3,177 per annum Charges can be paid annually, bi-annually or monthly Managed by Homestead Sixth floor apartment with lift access to all floors South-facing aspect with outstanding long-distance views Enclosed sunroom enjoying panoramic outlooks Modern fitted kitchen with excellent storage and worktop space Spacious double bedroom Large walk-in shower room Useful entrance hall storage cupboard Electric storage heating Double glazing Disabled access to the lower ground floor entrance and car park No allocated parking - unrestricted on-street parking available nearby Council Tax Band: C EPC Rating: D Location Positioned on Morecambe Promenade in the sought-after Bare area, Lakeland House enjoys one of the town's most desirable waterfront settings.
The promenade is on your doorstep, offering scenic walks along the coast, while Bare village is just a short stroll away with its independent shops, cafés, railway station and everyday amenities.
Excellent bus routes provide easy access to both Morecambe and Lancaster, and from the sixth floor this apartment enjoys far-reaching south-facing views across Bare, towards Torrisholme and on to Lancaster in the distance, creating an ever-changing outlook throughout the day.
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.
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FAQ
About Flat 54, Lakeland House Marine Road East, Morecambe
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