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Ballam Road, Lytham, FY8 - Image 1
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Ballam Road, Lytham, FY8 - Image 5

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 a unique opportunity for renovation and investment. The property has received planning approval from a local award-winning architect for an ambitious redevelopment project, which includes replacing the current structure with a spacious two-storey home featuring a balcony, a detached double garage, and the addition of a subterranean swimming pool in the rear garden. Detailed plans are available for review. Nestled in Lytham's picturesque countryside, the property boasts striking rural views while providing convenient access to nearby amenities. It is situated close to Green Drive Golf Club and within easy reach of Lytham's vibrant town center, enhancing its appeal for both permanent residents and potential renters. Furthermore, with straightforward access to motorway links, commuting to nearby cities is manageable. The existing layout includes an entrance hallway that flows into a dining room, a generous lounge perfect for relaxation or entertaining, and an open-plan kitchen-dining area that offers versatility for modern living. Additionally, there’s a utility room adjacent to the kitchen, ensuring practicality for everyday tasks. The master bedroom features an en-suite bathroom, complemented by three additional bedrooms and a family shower room. Outside, the property includes ample off-road parking, outbuildings that could serve various purposes, and an attractive landscaped rear garden conducive to outdoor activities. This combination of location benefits and development potential makes it an intriguing prospect for investors looking to capitalize on the thriving Lytham market while creating their ideal home environment.

Investment Analysis

(FY8 area)

Above Market Value

This property is priced +60.3% above area average per sq ft

+60.3%
This Property
£398/sq ft
Area Average
£248/sq ft
Avg Rent (weekly)
£181
Avg Yield
3.2%

Renovation Potential

Est. Renovation Cost
£75,000 - £187,500
10-25% of property value
Target Value
£514,511
10% above area average per sq ft
Potential ROI
-45.1%
After renovation
Monthly Sales
52
Average per month
Market Turnover
27%
Properties sold annually

Local Market Trend (FY8)

Area prices are falling by +3.9% over the last 12 months
3 year growth: 5.1%
5 year growth: 14.7%
Investment Disclaimer: Analysis based on FY8 area averages and may not reflect property-specific factors like condition, exact location, or unique features. 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
Map showing location of Ballam Road, Lytham, FY8
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