We've tightened what earns a Pursue. A home now needs a published valuation, a strategy that still makes money after real running costs and lender stress tests, and no listing problems that would stop a mortgage. You'll see fewer Pursues, and each one has been checked harder.
See how verdicts work5-bedroom bungalow · LA3 2RU
Listing removedListed 148 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
The Location Cherry Tree Close sits just off Middleton Road in the heart of Heysham, placing you within minutes of the coastline.
Scenic walks are on your doorstep, whether you choose to explore Heysham Head or enjoy a stroll along the promenade.
With the Bay Gateway now connecting directly to the Heysham by-pass, access to the M6 has never been quicker, making this an excellent choice for commuters.
Everyday needs are easily met with a good range of local shops nearby, while larger supermarkets in Morecambe or Lancaster are less than a ten-minute drive away.
The Overview Positioned on a generous corner plot, this extensively extended and modernised bungalow offers versatile living both inside and out, with a standout bonus in the form of a high-quality detached annex.
Renovated throughout in recent years, the main home centres around a striking open-plan living space with plenty of room for kitchen, dining and lounge areas.
A walk-in pantry and separate utility room add the practical touches that make day-to-day life easy.
To the front, a welcoming lounge provides a comfortable retreat, enhanced by a log-burning stove, while a separate home office could also serve as an occasional bedroom if needed.
There is also a ground floor shower room. The first floor is home to the impressive main suite, complete with two walk-in wardrobes and a private en-suite shower room, overlooking the rear garden.
Two further bedrooms and a separate W.C. Complete the accommodation.
Outside, the gardens have been thoughtfully landscaped with Indian stone paving, lawn and a mix of driveway and courtyard parking for up to five vehicles.
A brick-built shed provides useful storage, while a garden studio/bar creates an ideal spot for entertaining.
Detached Annex The detached two-bedroom annex is a real highlight and has been built to a notably high standard, offering independent, modern living that feels far beyond an “extra space”.
It features its own open-plan kitchen/dining area and full facilities, making it ideal for extended family, older children, guests or as a home working base.
The annex has also previously generated an income of around £900 per calendar month , offering genuine potential for buyers seeking a property with flexibility and an additional revenue stream, while still keeping the main house entirely separate.
Key Information Fully extended and refurbished within the last 6 years Beautifully presented throughout Two feature log-burning stoves High-standard detached two-bedroom annex with proven income of approx.
£900 pcm Annex ideal for multi-generational living, guests, home working or holiday letting Gas combination boilers in both main house utility room and annex hallway Off-road parking for up to five vehicles Landscaped garden with Indian stone paving and water feature Brick-built shed plus garden studio/bar for entertaining Location Cherry Tree Close sits just off Middleton Road in the heart of Heysham, placing you within minutes of the coastline.
Scenic walks are on your doorstep, whether you choose to explore Heysham Head or enjoy a stroll along the promenade.
With the Bay Gateway now connecting directly to the Heysham by-pass, access to the M6 has never been quicker, making this an excellent choice for commuters.
Everyday needs are easily met with a good range of local shops nearby, while larger supermarkets in Morecambe or Lancaster are less than a ten-minute drive away.
Value & comps
No previous sales on record.
Returns
Set an offer; the calculator follows it.
We're still gathering serviced-accommodation data for this area.
Archie refurb estimate: a Pro feature
0.0% below asking
This is not financial or investment advice. Prop AI Deals is not authorised by the Financial Conduct Authority (FCA) to provide investment advice.
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
.png)
FAQ
About 1 Cherry Tree Close, Morecambe
Explore nearby