1-bedroom flat · LA4 6AY
Listing removedReduced £10k (−8.3%) on 26 JunListed 160 days
Opportunity summary
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About
Tenure: Leasehold The Location Positioned on the corner of Princess Crescent in Bare, Lakeland House sits within one of Morecambe’s most established and well-regarded neighbourhoods.
This is a location that offers a strong sense of day-to-day ease, where everything you need is within walking distance.
Bare village is just moments away, known for its mix of independent cafés, local shops and well-regarded pubs, making it a popular choice for those who enjoy having amenities close by without the need to travel into town.
What truly sets this location apart is its relationship with the coastline.
The promenade sits directly opposite, offering open views across Morecambe Bay towards the Lake District, with ever-changing light and scenery throughout the day.
Whether it’s a morning walk along the front or simply enjoying the outlook from home, it’s a setting that naturally draws people in.
With Bare Lane train station nearby and easy access to the Bay Gateway, it also works well for those needing reliable transport links.
The Property Set on the ground floor, this apartment immediately stands out for its position and the way it connects to the views beyond.
The main living space has been opened up to create a sociable, open-plan layout that feels both practical and easy to live in.
Large windows frame the bay outlook and bring in a good level of natural light, giving the room a calm, relaxed feel throughout the day.
The kitchen sits neatly within this space, refitted around nine years ago with a central island that naturally becomes a place to cook, sit and spend time.
The hallway has been thoughtfully considered, with underfloor heating adding a subtle sense of comfort as you move through the space.
From here, access leads to a useful utility cupboard, offering dedicated space for appliances and additional storage, helping to keep the main living area clear and uncluttered.
The shower room, updated at the same time as the kitchen, is finished in a clean, modern style with a straightforward layout that works well for everyday use.
The bedroom is a comfortable double, complete with built-in wardrobes that maximise storage without compromising on space.
The overall feel of the apartment is one of simplicity and practicality, with improvements already in place to make it ready to move into.
Externally, the addition of secure undercroft parking provides a real advantage in this location, giving both convenience and peace of mind.
Key Information Council Tax Band: C Tenure: Leasehold Lease Length: Approx. 949 years remaining Service Charge: Approx.
£110 per month Ground Rent: Tbc Heating: Upgraded electric heating throughout with underfloor heating to hallway and kitchen Parking: Secure undercroft parking / garage Key Features Open-plan living space that feels easy to relax and spend time in Large windows that draw in natural light and frame the bay views Kitchen designed around a central island for everyday living and socialising A position that allows you to step out and be on the promenade within moments A practical layout that keeps the home feeling uncluttered and manageable Comfortable double bedroom with built-in storage already in place A home that suits both full-time living and a low-maintenance coastal base Secure parking that removes the usual stress of finding a space in this area A location where shops, cafés and transport links are all within walking distance A setting that offers a sense of calm, with the sea always close by EPC Rating: D Location Positioned on the corner of Princess Crescent in Bare, Lakeland House sits within one of Morecambe’s most established and well-regarded neighbourhoods.
This is a location that offers a strong sense of day-to-day ease, where everything you need is within walking distance.
Bare village is just moments away, known for its mix of independent cafés, local shops and well-regarded pubs, making it a popular choice for those who enjoy having amenities close by without the need to travel into town.
What truly sets this location apart is its relationship with the coastline.
The promenade sits directly opposite, offering open views across Morecambe Bay towards the Lake District, with ever-changing light and scenery throughout the day.
Whether it’s a morning walk along the front or simply enjoying the outlook from home, it’s a setting that naturally draws people in.
With Bare Lane train station nearby and easy access to the Bay Gateway, it also works well for those needing reliable transport links. Parking - Secure Gated
Value & comps
No previous sales on record.
Returns
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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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About Flat 2, Lakeland House Marine Road East, Morecambe
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