2-bedroom flat · LA3 2HP
Let agreedListed 44 days · slow let
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Tenure: Leasehold Nestled on a quaint street, this newly decorated 2 bedroom ground floor flat is a cosy retreat waiting to welcome you home.
Step into the well-lit living area, perfect for unwinding after a long day, or enjoy a family meal in the dining area just off the fitted kitchen.
The property boasts a convenient three-piece bathroom suite and is ideally situated close to a local primary school and bus routes, making daily commutes a breeze.
With the added bonus of a dedicated car parking space, convenience truly meets comfort in this lovely abode. Ready for you to move in now.
Outside, a shared garden space provides a perfect spot for relaxing weekends.
Application & Viewing Information If you have seen our virtual viewing video, and are interested in applying for the property please follow the link to the application page (This may only appear on the web version rather than the app).
We will need one application per household. The landlord will make a decision on which applicant they wish to proceed with and their decision will be final.
If your application is accepted, we will then be able to get a physical viewing booked in.
Cost Information If your application is successful and, following a viewing, you proceed to the referencing stage, a holding deposit equal to £178.84 will be taken via our referencing platform Let Alliance.
This will then go towards your first month's rent when the tenancy starts.
The holding deposit will be retained by the agent if the tenancy falls through for one of the following reasons: * You decide not to rent the property * You give wrong or misleading information * You cannot pass a 'right to rent' immigration check The standard deposit on this property will be £894.00 JD Gallagher Estate Agents are part of Client Money Protect who provide them with cmp insurance and are part of The Property Ombudsman Scheme.
We may charge a tenant any or all of the following when required: 1. The rent 2. A security deposit with a maximum of 5 weeks rent, or 6 weeks on a property with rent over £50,000 per year 3.
Default fee for late payment of rent (after 14 days) 4. Reasonable charges for lost keys or security fobs 5.
Payments associated with contract variation, at £50 or reasonable costs incurred if higher, when requested by the tenant 6.
Payments associated with early termination of the tenancy, when requested by the tenant 7.
Payments in respect of bills - utilities, communication services, TV licence, council tax and green deal or other energy efficiency charges.
Reposit - Nil Deposit Scheme We’ve partnered with a company called Reposit who offer an alternative to paying a cash deposit.
By using Reposit you can save a lot of money upfront as you will only need to pay the Reposit fee of £178.84 instead of a cash deposit which will be £894.
The Reposit fee is not refundable at the end of the tenancy. You can use the money you save to spend on something you actually want!
Please note that just like a normal deposit, you are still liable for any valid, end of tenancy charges.
The difference with Reposit is that you keep control of your cash and only pay these if they actually occur at the end of your tenancy, rather than paying at the start.
If you stay beyond a 12 month period, a £30 charge will be payable to reposit once a year to continue the cover. This is optional and a normal deposit scheme is also available.
Reposit is subject to certain referencing criteria and may not be granted following referencing.
EPC Rating: E Location Located close to the promenade as well as local shops, bars, cafes, and easy access to the ferry terminal and bypass.
Within driving distance there is a retail park and of course the famous promenade with its stunning views, fantastic sunsets and Mr Morecambe himself! Garden Communal Garden Parking - Off Street
Value & comps
No previous sales on record.
Rental comparables are shown in the Rental section below. Sold comparables remain for area capital context only.
Returns
We're still gathering serviced-accommodation data for this area.
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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.
Area
Agent & docs
FAQ
About 3 Gilstead Avenue, Morecambe
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