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Chestnut Drive, Morecambe, Lancashire, LA4

North West

£270,000
Listed on 14/10/2025

Property Details

Bedrooms
3
Type
Detached house
Area
1379 sqft

Description

This three-bedroom semi-detached bungalow in Bare offers significant renovation and investment opportunities while maintaining a welcoming charm. The property features a spacious conservatory, driveway, and a double-length garage, along with a beautifully landscaped garden that has been cherished by previous owners. Upon entering, you are greeted by a sizable hallway that leads into a cozy living area, complete with a gas fireplace—a perfect spot for relaxation. The kitchen is functional, offering space for essential appliances along with an integral electric oven, dishwasher, and gas hob. Its layout includes access to the large conservatory, which enhances the living space and opens out to the private garden. The accommodation consists of two well-proportioned double bedrooms fitted with sliding mirrored wardrobes, alongside a versatile single bedroom that could serve as a guest room or hobby space. The family shower room adds convenience with its free-standing shower and ample vanity storage. One key feature of this property is the expansive attic, which presents an exciting opportunity for conversion into additional living space or bedrooms (subject to planning permission). This potential adds significant value for future buyers or investors looking to enhance the property's footprint. Externally, the low-maintenance front garden showcases mature plants and is easily accessible via a gated brick-paved driveway leading to the detached garage. At the back, the conservatory's patio doors provide direct access to a raised patio that descends into the main garden—a serene oasis ideal for gardening enthusiasts and outdoor relaxation. The location itself is highly desirable, within walking distance of various amenities on Princes Crescent. Residents benefit from good public transport links including Bare Lane railway station and local bus services. Families will appreciate being situated within the catchment area of Great Wood Primary School while also enjoying easy travel connections to Morecambe town center and access to the M6 via the Bay Gateway. This bungalow represents not just a comfortable home but also an opportunity for those seeking to invest in renovations in an attractive neighborhood.

Investment Analysis

(LA4 area)

Below Market Value

This property is priced -1.3% below area average per sq ft

-1.3%
Potential saving
This Property
£196/sq ft
Area Average
£198/sq ft
Avg Rent (weekly)
£181
Avg Yield
4.8%

Renovation Potential

Light Refurb
Est. Renovation Cost
£15,000 - £25,000
Target Value
£300,877
10% above area average per sq ft
Potential ROI
+2.0%
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

Chestnut Drive, 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
£989
Based on a loan of £202,500 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