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Alexandra Road, Morecambe

North West

£130,000
Listed on 07/09/2024

Property Details

Bedrooms
4
Type
Detached house

Description

This four-bedroom terraced property presents a compelling opportunity for renovation enthusiasts or investors seeking a project with significant potential. Spread across three levels, the home offers ample living space that can be transformed to meet modern standards while retaining its original charm. On the ground floor, you'll find two reception rooms complemented by a sizeable kitchen, providing a solid foundation for an open-concept living area or chef’s kitchen layout. Moving to the first floor, there are two bedrooms and a family bathroom, while the second floor includes an additional two bedrooms along with a storage room that could easily be converted into extra living space if desired. The property also features both a separate WC and a wet room, adding convenience for larger families or guest accommodations. A small rear yard offers outdoor potential, perfect for creating a private retreat or gardening area following renovation. The location enhances this property’s appeal, set within an area that boasts numerous local amenities and just a short stroll from the promenade. Notably, Morecambe is undergoing developments linked to the Eden Project North initiative, which is expected to draw increased interest and investment into the region, potentially enhancing property values in the future. Overall, this property not only provides ample room for personalization but also stands as a strategic investment in an area poised for growth.

Investment Analysis

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

Renovation Potential

Medium Refurb
Est. Renovation Cost
£25,000 - £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

Alexandra Road, 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
£476
Based on a loan of £97,500 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