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Alexandra Road, Morecambe, Lancashire, LA3 - Image 1
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Alexandra Road, Morecambe, Lancashire, LA3

North West

£140,000
Listed on 14/10/2025

Property Details

Bedrooms
4
Type
Terraced house

Description

This four-bedroom maisonette, accompanied by an attached commercial space, offers a compelling opportunity for those looking to invest in a property with significant renovation and development potential. The residence is situated in a desirable area noted for its stunning sea views, making it an attractive prospect for both personal use and income generation. While the property requires extensive renovation, this presents a blank canvas for creative redevelopment. Investors can consider multiple avenues: occupy the maisonette while operating a business from the shop front, lease out either the residential or commercial units, or explore conversion possibilities such as transforming the ground floor into a separate flat, pending planning permissions. Another option is to redesign the entire building into a single family home to maximize living space. The layout of the property includes gas central heating and partial double glazing. The shop entrance welcomes you on the ground floor, which was previously utilized as a hair salon and features a convenient WC. Off-street parking at the forecourt enhances accessibility for any commercial ventures. Once you step inside the maisonette, you are greeted by a generous entrance hall that leads to a spacious bathroom and a double bedroom—both offering solid foundations for any refurbishment project. The lower ground floor hosts a kitchen and ample living area that opens out to a rear yard and garage; this space has potential for further development or storage solutions. Moving to the first floor reveals additional sleeping quarters with three more double bedrooms, including a master suite boasting remarkable sea views that could serve as both an appealing feature for future occupants and an investment advantage. The strategic location adds value to this property as well; with increasing interest due to nearby developments like the Eden Project, coupled with excellent local amenities and transport links—regular bus services operate outside while Morecambe train station is within walking distance, providing easy access to major routes including the M6 via Bay Gateway. This property holds exciting investment potential in an enviable seaside environment. With creativity and vision, it could be transformed into either an inviting home or a profitable business opportunity in this vibrant community.

Investment Analysis

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

Renovation Potential

Heavy Refurb
Est. Renovation Cost
£80,000 - £120,000
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, Lancashire, LA3
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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
£513
Based on a loan of £105,000 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