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Lancaster Road, Torrisholme, Morecambe

North West

£159,950
Listed on 03/09/2025

Property Details

Bedrooms
3
Type
Terraced house
Area
918 sqft

Description

This end-terraced house offers a solid foundation for those seeking to invest or renovate in the desirable Torrisholme village. Its strategic location provides easy access to local shopping, including the One Stop supermarket, and is close to primary schools and transport links such as the 'Bay Gateway' M6 link road and bus routes connecting to Morecambe and Lancaster. With three bedrooms, the property is designed with practicality in mind. Entering through the front entrance, you are greeted by a hallway that leads into an open plan lounge and dining area, providing ample space for relaxation and entertaining. A breakfast room adjacent to the kitchen enhances the usability of the ground floor. The kitchen features fitted cabinetry with essential appliances, though some updates would significantly increase its appeal. The first floor houses three well-sized bedrooms that benefit from natural light through uPVC double glazed windows, along with a bathroom equipped with basic fixtures ready for modernization. This layout presents various opportunities for reconfiguration or enhancement tailored to modern living standards. Externally, a modest enclosed garden at the front creates a welcoming atmosphere, while a rear garden with both lawn and paved sections holds potential for outdoor improvement projects. Additionally, a single garage located in a block at the rear adds convenience for storage or vehicle accommodation. While the property requires some cosmetic updates throughout, it is priced competitively within the market. The absence of any upward chain further streamlines acquisition for prospective buyers looking to embark on renovation projects or investments within this thriving community. Whether you're considering it as a family home or an investment opportunity, this property’s potential is undeniably promising.

Investment Analysis

(LA4 area)

Below Market Value

This property is priced -15.1% below area average per sq ft

-15.1%
Potential saving
This Property
£174/sq ft
Area Average
£205/sq ft
Avg Rent (weekly)
£182
Avg Yield
4.7%

Renovation Potential

Est. Renovation Cost
£15,995 - £39,988
10-25% of property value
Target Value
£207,160
10% above area average per sq ft
Potential ROI
+3.6%
After renovation
Monthly Sales
26
Average per month
Market Turnover
20%
Properties sold annually

Local Market Trend (LA4)

Area prices are rising by +2.2% over the last 12 months
3 year growth: 6.0%
5 year growth: 26.2%
Investment Disclaimer: Analysis based on LA4 area averages and may not reflect property-specific factors like condition, exact location, or unique features. 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

Lancaster Road, Torrisholme, Morecambe
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