2-bedroom flat · LA4 5LG
For saleReduced £5k (−7.7%) on 18 OctListed 89 days
Opportunity summary
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About
Description Well-proportioned two bedroom apartment located on the first floor of this purpose built development for residents over the age of 56.
Originally built by McCarthy and Stone in the heart of Morecambe town centre within close proximity of bus routes and shops.
'Ribblesdale Court' offers independent living with the peace of mind that 24 hour support is provided on-site in case of emergency.
There is also a lift to all floors, residents' lounge, laundry room and a guest suite to accommodate visiting friends and relatives (charge payable).
The accommodation is uPVC double glazed throughout and has electric storage heaters.
The apartment itself briefly comprises: Private entrance, hallway with storage, spacious lounge diner with access into the fitted kitchen with integrated oven and hob, two double bedrooms; one with built-in mirror fronted wardrobes and three-piece shower room.
Outside the property, there are well-maintained communal gardens.
In summary, this property will appeal to the retired/semi-retired buyers seeking a secure, low maintenance home in a highly convenient location. Sold with vacant possession and no chain.
Communal entrance Intercom entry system. Communal hallway Access to: Site manager's office, residents' lounge, laundry room and guest suite to accommodate friends and relatives (charge payable).
Lift & staircase to all floors private entrance hallway Telephone intercom entry system. Electric storage heater. Built-in storage cupboard with light housing the electric meter and consumer unit.
Airing cupboard housing the hot water cylinder tank. Ceiling light. Electric power point.
Lounge diner 6.95m (max) x 3.24m (max) (22'9'' x 10'7'') uPVC double glazed window to the rear elevation overlooking the communal gardens. Electric storage heater. Electric fire. TV point.
Telephone point. Coving. Three wall lights. Electric power points.
Glazed double doors into: Kitchen 2.31m (max) x 2.00m (max) (7'7'' x 6'7'')(Irregular shape) uPVC double glazed window to the rear elevation.
Fitted base units, wall units and drawers with complementary working surfaces and inset sink.
Built-in 'Tricity Bendix' electric oven, four ring 'Zanussi' ceramic hob and cooker hood above with extractor fan and light. Space for under counter fridge and freezer. Tiled to all walls. Coving.
Ceiling light. Electric power points. Bedroom one 4.81m x 2.85m (15'9'' x 9'4'') uPVC double glazed windows to the side and rear elevations. Electric storage heater.
Built-in wardrobe with mirror fronted doors. Coving. Two wall lights. Electric power points. Bedroom two 4.81m x 2.79m (max) (15'9'' x 9'2'') uPVC double glazed window to the rear elevation.
Electric storage heater. Coving. Two wall lights. Electric power points. Shower room/WC 2.06m x 1.69m (6'9'' x 5'7'') uPVC double glazed window to the side elevation.
Three-piece coloured suite comprising shower cubicle with wall mounted electric shower, wash hand basin set into a vanity unit and wc. Fully tiled floor to ceiling. Wall mounted mirror with light.
Mirror fronted bathroom cabinet. Heated towel rail. Electric fan heater. Ceiling light. Outside the property communal gardens Well-maintained lawned garden areas.
Tenure Leasehold - 125 years from 1 November 1994 Service Charges - £1458 payable half yearly Ground Rent - £293.68 payable half yearly Service charge includes: Buildings insurance, window cleaning, gardener, maintenance of communal areas.
Notes Some pets may not be allowed. This is the requirement for living in an active retirement block for independent living. 1.The purchaser/ renter has no memory loss Alzheimer's or dementia.
2.The do not have a care package or impending care package 3.They do not use oxygen. 4.They can use the laundry unaided. 5.They do not use a wheelchair or mobility scooter. 6.
If considering an upper floor flat make sure you are able to access the stairs for any evacuation procedure (it is a Stay Put in case of fire -just in case)or on the rare occasion the lift has a breakdown for any reason.
The purchaser/ renter needs to be able to use the communal bin area unaided and they are responsible for their recycling.
It should be noted that the double doors to the refuse area are Fire doors and are heavy, make sure these are accessible. Council Tax Band: C (Lancaster City Council) Tenure: Freehold
Value & comps
No previous sales on record.
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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 11 Ribblesdale Court, Morecambe
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