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See how verdicts work1-bedroom flat · LA3 2HN
Listing removedReduced £5k (−6.3%) on 11 SepListed 165 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Situated on a quiet cul-de-sac in a popular part of Heysham, this one-bedroom ground floor flat is an excellent investment opportunity, offered for sale with a tenant in situ currently paying £400 pcm.
The property benefits from its own private entrance, leading into a welcoming living room with useful under-stairs storage.
The accommodation is fully double glazed and features electric heating, alongside a gas boiler providing hot water.
The kitchen is fitted with an electric cooker and offers space for a fridge freezer, as well as plumbing for a washing machine.
There is a well-proportioned double bedroom with a built-in wardrobe, along with a family bathroom.
Externally, the property offers a driveway providing off-road parking, a small lawned area to the front, and an additional outdoor storage cupboard.
Located within easy reach of Heysham and Heysham Village, the property is ideally positioned for access to a wide range of local amenities, shops, and transport links.
The Bay Gateway provides excellent connectivity to the M6, making it a convenient base for commuters.
The current tenant is aware that a new owner may wish to undertake a rental review, presenting further potential for income growth.
Leasehold Information: Length of Lease: 999 years from 22 December 1983 Ground rent: £25 per annum Service Charge: Na Council Tax Band – A
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
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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
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FAQ
About 10, Applegarth Road, Morecambe
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