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Ballam Road, Lytham, FY8 - Image 1
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Ballam Road, Lytham, FY8

North West

£750,000
Listed on 07/08/2023

Property Details

Bedrooms
4
Type
Detached house
Area
1883 sqft

Description

This four-bedroom barn conversion presents an exceptional opportunity for renovation and development. With planning permission already granted by a local award-winning architect, the property is poised for transformation. The approved plans include replacing the current dwelling with a modern two-storey home featuring a balcony, a detached double garage, and the addition of a subterranean swimming pool in the rear garden, along with enhancements to access. Nestled in the picturesque countryside of Lytham, this property boasts stunning rural views while being conveniently located near Green Drive Golf Club. The vibrant Lytham Town Centre is just a short drive away, providing easy access to shops and amenities. Additionally, the property benefits from straightforward connections to motorway networks, making it ideal for commuters or those seeking a peaceful retreat close to urban conveniences. The existing layout includes an entrance hallway/dining room, a spacious lounge, an open-plan dining kitchen, and a utility room. The master bedroom features an en-suite bathroom, complemented by three additional bedrooms and a family shower room. Outside, there is ample off-road parking alongside a double garage and outbuildings, set within an attractive landscaped rear garden that offers potential for further enhancement. This property represents not only a comfortable family home but also a promising investment opportunity with significant potential for value addition through its renovation and development prospects.

Investment Analysis

(FY8 area)

Above Market Value

This property is priced +57.4% above area average per sq ft

+57.4%
This Property
£398/sq ft
Area Average
£253/sq ft
Avg Rent (weekly)
£200
Avg Yield
3.6%

Renovation Potential

Heavy Refurb
Est. Renovation Cost
£250,000 - £400,000
Target Value
£524,039
10% above area average per sq ft
Potential ROI
-54.4%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
44
Average per month
Market Turnover
9%
Properties sold annually

Local Market Trend (FY8)

Area prices are stable by +1.5% over the last 12 months
3 year growth: 7.3%
5 year growth: 18.0%
Investment Disclaimer: Analysis based on FY8 area averages and may not reflect property-specific factors like condition, exact location, or unique features. Any renovation cost estimates provided are AI-generated and should be considered indicative only. Renovation costs vary significantly based on property condition and scope of work. Always conduct professional surveys and get multiple quotes before making investment decisions.

Location

Ballam Road, Lytham, FY8
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Mortgage Calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 4.19%

Current average variable rate is 6.78%

Monthly Repayments
£2,747
Based on a loan of £562,500 over 30 years at 4.19% interest

These results are estimates and are only intended as a guide. Make sure you obtain accurate figures from your lender before committing to any mortgage. Your home may be repossessed if you do not keep up repayments on a mortgage.

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YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE