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Gringley Road, Morecambe

North West

£185,000
Listed on 14/10/2025

Property Details

Bedrooms
2
Type
Detached house

Description

This semi-detached dormer bungalow features two bedrooms and is situated in a central area of Morecambe, conveniently close to shops and local amenities. The property presents a compelling opportunity for renovation and investment, given its current need for updating. The layout includes a spacious reception room on the ground floor, along with one bedroom, a bathroom, and both kitchen and dining areas. An additional bedroom is located on the first floor, complete with access to eaves storage, making it practical for various uses. Externally, the property is complemented by both front and rear gardens, defined by walled and gated boundaries that add to privacy and security. A garage and a generous driveway provide ample parking space and storage solutions. Given its location in a desirable neighborhood, this bungalow holds significant potential for those looking to invest in a home that can be customized to personal taste or transformed into a rental opportunity. It is important to note that this property is part of an estate of a deceased owner, which may require the grant of probate before any sale can proceed. This consideration should be taken into account by prospective buyers before incurring any related costs. For additional context, the property falls under Council Tax Band B.

Investment Analysis

(LA4 area)
Area Average
£198/sq ft
Avg Rent (weekly)
£181
Avg Yield
4.8%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£25,000 - £40,000
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

Gringley 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
£678
Based on a loan of £138,750 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