2-bedroom flat · LA4 6BQ
To rentListed 15 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Purpose built two bedroom first floor flat situated in this cul-de-sac off Bare Avenue, in the heart of Bare village itself.
The property is located within 300 metres of the parade of shops in Princes Crescent and close to the sea front promenade, Morecambe Golf Club, Happy Mount Park, Bare Lane railway station and local bus routes.
The accommodation is fully uPVC double glazed, has a mixture of gas and electric heating and benefits further from having a useful loft room accessed via a drop down ladder.
Briefly comprises: private entrance, staircase to first floor landing, bay fronted lounge with feature fireplace, fitted kitchen with integrated oven and hob, two generous size bedrooms and shower room/wc.
Outside the property, this flat comes with the front garden.
ENQUIRIES BY EMAIL TO LETTINGS'@IBAYHOMES.COM PRIVATE ENTRANCE uPVC double glazed door leading into: VESTIBULE & STAIRCASE TO FIRST FLOOR Electric radiator. LANDING uPVC double glazed side window.
'Baxi' gas heater. Built-in storage cupboard. Ceiling light. Electric power points. Access via an aluminium drop down ladder into the loft room.
LOUNGE 3.96m x 3.64m (excluding the bay) (13'0'' x 11'11'') uPVC double glazed bay window to the front elevation. 'Rointe' electric radiator. Tiled fireplace with electric fire.
Shelving to the alcoves. Internet/TV/telephone points. Fitted wall unit. Ceiling light. Electric power points. KITCHEN 3.17mx 1.94m (10'5'' x 6'4'') uPVC double glazed window to the rear elevation.
Electric heater. Tiled floor. Fitted base units, wall units and drawers with complementary working surfaces and tiled splashbacks in part to three walls.
Inset one and half bowl stainless steel sink with mixer tap. Electric water heater. Built-in 'Lamona' electric oven, four ring ceramic hob and pull out cooker hood with extractor fan and lights.
Space for washing machine, fridge and freezer. Ceiling light. Electric power points. BEDROOM ONE 3.96m x 3.17m (13'0'' x 10'5'') uPVC double glazed window to the rear elevation. 'Baxi' gas heater.
Fitted wardrobes and dressing table with wall light and mirror. Ceiling light. Electric power points. BEDROOM TWO 2.60m x 2.61m (8'6'' x 8'6'') uPVC double glazed window to the front elevation.
Electric radiator. Built-in storage cupboard with shelving. Telephone point. Ceiling light. Electric power points.
SHOWER ROOM 2.28m (max) x 1.60m (max) (7'6'' x 5'3'') uPVC double glazed window to the rear elevation. Tiled floor. Heated chromium towel rail.
Shower cubicle with 'Triton' electric shower, pedestal wash hand basin and WC. Ceiling light. LOFT ROOM 5.64m x 2.08m (18'6'' x 6'10'') Velux window to the front elevation. Electric heater.
Ceiling lights. Electric power points. Access under the eaves for storage. OUTSIDE THE PROPERTY FRONT GARDEN Laid to paving with bark/stone chipped shrub borders.
DEPOSIT £700 TENURE Leasehold Council Tax Band: A (Lancaster City Council)
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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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
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FAQ
About Palmer Grove, Bare, Morecambe
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