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Alexandra Road, Morecambe, Lancashire, LA3

North West

£140,000
Listed on 29/01/2026

Property Details

Bedrooms
4
Type
Terraced house

Description

This four-bedroom maisonette, featuring an adjoining shop space, offers a unique opportunity for investors looking to capitalize on its prime location and stunning sea views. The property is in need of comprehensive renovation but holds significant potential for both residential and commercial ventures. With various options available, you could choose to reside in the maisonette while utilizing the shop units for your own business or renting them out for additional income. Furthermore, there is potential to convert the lower level into a separate flat or transform the entire building into a single-family home, pending planning permissions. Currently equipped with gas central heating and partial double glazing, the layout includes a ground floor shop area, previously utilized as a hairdresser’s salon and complete with a WC. The front forecourt provides off-street parking which is beneficial for business operations. The maisonette welcomes you with an expansive entrance hall leading to a sizeable bathroom and one double bedroom on this level. Downstairs features a kitchen and generous living space that opens up to a rear yard, complemented by garage access which can facilitate additional storage or future enhancements. On the first floor, you will find three more double bedrooms, including a master suite that boasts breathtaking views over Morecambe Bay—an appealing attribute that could attract future tenants. This property is ideally positioned near amenities and public transport links, making it accessible for residents and customers alike. Given its location near the upcoming Eden Project and the myriad of possibilities it presents, this property is an exciting investment opportunity for those looking to develop a vibrant residence or successful business in this sought-after seaside area.

Investment Analysis

(LA3 area)
Area Average
£215/sq ft
Avg Rent (weekly)
£184
Avg Yield
4.3%

Renovation Potential

Heavy Refurb
Est. Renovation Cost
£50,000 - £80,000
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
26
Average per month
Market Turnover
21%
Properties sold annually

Local Market Trend (LA3)

Area prices are rising by +2.3% over the last 12 months
3 year growth: +9.9%
5 year growth: +34.4%
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

£
£
£
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years

Current average 2-year fixed rate is 4.06%

Current average variable rate is 6.81%

Monthly Repayments
£505
Based on a loan of £105,000 over 30 years at 4.06% 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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