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Stanley Road, Heysham, Morecambe

North West

£200,000
Listed on 27/12/2024

Property Details

Bedrooms
5
Type
Detached house

Description

This substantial five-bedroom mid-terraced property presents a noteworthy opportunity for those looking to invest in a rental asset or seek a renovation project. Spread over three levels, the layout offers versatility and ample space, making it suitable for both family living and potential tenant accommodation. Upon entering, you are greeted by an entrance hall that leads to a comfortable lounge and a separate dining room, creating distinct areas for relaxation and socializing. The kitchen is functional and can be updated to meet modern standards. A convenient shower room on the ground floor adds to the property's practicality. The first floor hosts two generously sized bedrooms alongside a third bedroom that features an en-suite bathroom and an additional separate WC, enhancing privacy for occupants. On the second floor, you'll find three more bedrooms complemented by a utility room and another shower room, providing further flexibility in usage. The home benefits from gas central heating and double-glazed windows throughout, ensuring comfort while you consider potential upgrades. Outside, there is a sizable yard perfect for outdoor activities or future enhancements, along with on-street parking availability. Located in the Morecambe and Heysham area, this property stands to gain from planned developments like the proposed Eden Project North. This initiative could significantly bolster local demand for housing and enhance community amenities, making it an ideal time to invest in such a promising area. Additionally, it falls under Council Tax Band A, which may appeal to prospective tenants seeking affordable options. As interest grows in this region due to development plans, this property could yield beneficial returns for buyers willing to engage in renovation efforts or maintain it as a rental investment with existing tenants already in place.

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 - £50,000
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

Stanley Road, Heysham, 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
£733
Based on a loan of £150,000 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