3-bedroom terraced house · LA3 1AS
No longer listedListed 27 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
This beautifully presented three-bedroom mid-terraced house has been fully renovated throughout, making it an ideal choice for those seeking a move-in-ready home.
Step inside via a welcoming entrance hallway that leads to two spacious reception rooms, perfect for relaxing with family or entertaining guests.
The recently updated kitchen is fitted with a range of contemporary units and complementary worktops, providing ample storage and preparation space for keen cooks.
Upstairs, you will find three generously sized double bedrooms, each offering comfortable accommodation and ample room for storage or study furniture.
The stylish bathroom, also renovated within the last six months, features modern fixtures and fittings for a luxurious finish.
The property has benefited from a full rewire, ensuring peace of mind and energy efficiency for years to come.
With neutral décor and quality flooring throughout, this house is ready for you to simply unpack and settle in.
To the rear of the property, a private and enclosed courtyard garden awaits, designed for easy maintenance and year-round enjoyment.
The paved area is framed by mature planting and secure boundary walls, creating a tranquil and secluded retreat for outdoor dining or morning coffee.
There is ample space for garden furniture, pots or even a barbeque, making it an inviting spot for entertaining friends and family.
The thoughtful layout and low-maintenance design mean you can spend more time relaxing and less on upkeep.
This charming outdoor space perfectly complements the modern interior, offering a seamless blend of comfort and convenience for your new home.
Application & Viewing Information If you are interested in applying for this property please place an enquiry through Rightmove, Zoopla or On The Market.
Alternatively, you can fill out an application form directly on our website under the Lettings menu. We will need one application per household.
The landlord will make a decision on which applicants they wish to shortlist for viewings and their decision will be final.
If your application is shortlisted, we will then be able to get a physical viewing booked in before you commit to the property.
Cost Information If your application is successful and, following a viewing, you proceed to the referencing stage, a holding deposit equal to £219.23 will be taken via our referencing platform LetAlliance 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 £1096.00 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 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 £219.23 instead of a cash deposit which will be £1096.00.
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.
Connectivity The estimated mobile coverage at this property is: EE: Good O2: Good Three: Excellent Vodaphone: Okay The estimate available broadband speed at this property is: Basic (adsl): 12mb Fibre to the Street Cabinet (fttc): 80mb Fibre to the Premises (FTTP): 1800mb The above speeds represent the average speeds and fibre availability in the area and do not necessarily mean that this property is currently connected to all available options.
Your chosen internet provider will be able to advise on the required equipment and what they are able to offer.
Please remember that you will need to seek permission if your provider needs to carry out any changes or drilling at the property.
EPC Rating: D Location Lake Road is situated in the established West End area of Morecambe, offering convenient access to a range of local amenities, including shops, supermarkets, schools, cafés and regular public transport.
Morecambe seafront and promenade are within easy reach, providing access to the coast, leisure facilities and a variety of restaurants and cafés.
Morecambe railway station is approximately 0.6 miles away, while the Bay Gateway provides convenient road links towards Lancaster and the M6.
The location therefore offers a practical base for those looking to enjoy the attractions of Morecambe Bay and the surrounding Lancashire area.
Yard A private, low-maintenance paved courtyard with mature planting, boundary walls and space for outdoor seating. Parking - On 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.
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.
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FAQ
About 5 Lake Road, Morecambe
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