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Low Road, Middleton, Morecambe

North West

£275,000
Listed on 11/04/2022

Property Details

Bedrooms
2
Type
Detached house

Description

This two-bedroom detached house offers a distinctive opportunity for those looking to invest or renovate in the appealing village of Middleton, Morecambe. Nestled in a community that benefits from proximity to local amenities, schools, and essential transport links, this property is strategically located for both convenience and potential growth. The main residence, along with an accompanying barn structure, presents a canvas for further development. The current owners have taken proactive steps by applying for planning permission to extend the home with a two-storey addition, which would transform it into a three-bedroom dwelling complete with a balcony. Additionally, approval has been granted for the conversion of the barn into ancillary accommodation—ideal for guests or family members seeking separate living quarters. Further details on these permissions are available. Inside, the property features a spacious reception room and a kitchen equipped with fitted base units. The upper level houses two reasonably sized bedrooms alongside a shower room that includes a walk-in shower, wash basin, and WC. Outdoor space is plentiful with an outhouse and ample off-street parking options. While the interior requires updating throughout, this presents itself as an excellent project for individuals looking to enhance their living space or maximize investment value. The absence of chain delays further simplifies the process for prospective buyers eager to embark on their renovation journey. For those interested in more information regarding planning permissions and property details, references can be found on the Lancaster Council website under application numbers 23/00284/FUL and 21/00993/FUL. This property stands as not just a home but also as an opportunity waiting to be realized.

Investment Analysis

(LA3 area)
Area Average
£215/sq ft
Avg Rent (weekly)
£192
Avg Yield
4.7%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£30,000 - £60,000
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
24
Average per month
Market Turnover
8%
Properties sold annually

Local Market Trend (LA3)

Area prices are rising by +6.7% over the last 12 months
3 year growth: 10.3%
5 year growth: 36.7%
Investment Disclaimer: Analysis based on LA3 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

Low Road, Middleton, Morecambe
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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
£1,007
Based on a loan of £206,250 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