2-bedroom flat · LA3 1FN
Listing removedReduced £5k (−4.8%) on 14 OctListed 433 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Just a stone's throw from the serene seafront, this beautifully presented top-floor apartment offers a perfect blend of comfort and convenience.
Fully UPVC double glazed and equipped with gas central heating, this property is ideal for a variety of buyers, including first-time homeowners, holidaymakers, and investors alike.
Upon entering, you’re welcomed by a spacious hallway featuring handy storage cupboards.
The heart of the home boasts an inviting open-plan kitchen living room, enhanced by a charming Juliette balcony that floods the space with natural light.
The well-appointed kitchen is equipped with a gas hob, electric oven, and extractor fan, with ample space for a washing machine and fridge/freezer.
The apartment features two generously sized double bedrooms, each with its own Juliette balcony, ensuring a bright and airy atmosphere.
The master bedroom benefits from a convenient en-suite bathroom, complete with a shower, toilet, and sink.
A stylish main bathroom includes a bath, toilet, and sink, providing an excellent layout for everyday living.
Externally, residents will appreciate allocated and visitor parking, along with beautifully maintained communal gardens, perfect for relaxation.
The location is highly desirable, with close proximity to local shops, schools, and medical facilities, as well as frequent bus routes to Morecambe town and Lancaster city center.
Transport links to the M6 via Heysham bypass offer easy access for commuters. This charming apartment is ready to welcome its new owners-don’t miss the chance to make it yours!
Leasehold Information: Length of Lease: 999 years from 1st January 2007 Ground rent: £300 per annum Service Charge: £900 per annum Council Tax Band - A
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.
Area
Agent & docs
FAQ
About 31 Gull House,, Mears Beck Close, Morecambe
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