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North Street, Morecambe, Lancashire, LA4

North West

£150,000
Listed on 14/10/2025

Property Details

Bedrooms
4
Type
Terraced house
Area
1109 sqft

Description

This mid-terraced house offers a solid foundation for those interested in a renovation project. With four bedrooms spread across three levels, the layout presents ample opportunities for creative customization and modernization. Currently vacant and sold chain-free, the property awaits your vision to enhance its potential. Stepping through the entrance porch, you’re welcomed into a sizable hallway that leads to two spacious reception rooms on the ground floor. These versatile spaces can accommodate various furnishings or be reimagined altogether to fit modern living needs. The kitchen at the back of the home provides access to both the cellar and a charming rear yard, offering options for outdoor enjoyment or additional storage solutions. On the first floor, you will find two generously sized double bedrooms bathed in natural light, alongside a spacious bathroom featuring essential amenities including a freestanding shower and bathtub. This area serves as an excellent canvas for updating fixtures or redesigning to create a more luxurious experience. The second floor continues to showcase potential with another double bedroom and a single room, both enhanced by Velux windows that illuminate the space while offering pleasing views. This configuration allows for flexible usage—whether it’s additional bedrooms, an office, or a hobby space. Located centrally in Morecambe, this property benefits from close proximity to various amenities such as shops, restaurants, schools, and healthcare facilities. Excellent transport links are readily available, providing easy access to Heysham village, Lancaster city center, and Morecambe train station. This house presents an ideal opportunity for investors or homeowners willing to invest time and creativity into transforming it into a desirable residence.

Investment Analysis

(LA4 area)

Below Market Value

This property is priced -31.8% below area average per sq ft

-31.8%
Potential saving
This Property
£135/sq ft
Area Average
£198/sq ft
Avg Rent (weekly)
£181
Avg Yield
4.8%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£25,000 - £40,000
Target Value
£241,967
10% above area average per sq ft
Potential ROI
+27.4%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
22
Average per month
Market Turnover
7%
Properties sold annually

Local Market Trend (LA4)

Area prices are rising by +7.4% over the last 12 months
3 year growth: 9.4%
5 year growth: 25.8%
Investment Disclaimer: Analysis based on LA4 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

North Street, Morecambe, Lancashire, LA4
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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
£549
Based on a loan of £112,500 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