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Fairfield Road, Morecambe, Lancashire - Image 1
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Fairfield Road, Morecambe, Lancashire

North West

£192,000
Listed on 30/12/2025

Property Details

Bedrooms
3
Type
Semi-detached house
Area
1156 sqft

Description

This three-bedroom semi-detached house offers a solid foundation for anyone looking to invest in renovations. Situated in a residential area of Morecambe, it is conveniently located near schools, parks, shopping facilities, and public transport options, making it an appealing choice for families or investors. The property features a spacious layout, with a bright main lounge, a sizable kitchen/dining area, a conservatory, and the convenience of a downstairs toilet. Despite requiring some cosmetic updates – particularly in the hallway which is currently mid-renovation – the home is largely in good condition and retains significant potential for modernization according to personal taste. Upstairs comprises three comfortable bedrooms along with a family bathroom. Outside, the property boasts a private rear garden and ample front space. This well-constructed home is ideal for buyers seeking to undertake a project that can deliver tangible value through improvements. With amenities such as Westgate Primary School and Morecambe Bay Academy close by, along with local parks like Regent Park and Happy Mount Park popular among families, the location itself is quite advantageous. Shops and services are easily accessible on Westgate and Lancaster Road. The reliable public transport options include local bus routes providing links to Morecambe, Heysham, and Lancaster, while nearby Morecambe Station facilitates direct rail connections further afield. Quick access to road networks via the Bay Gateway enhances travel options toward the M6.

Investment Analysis

(LA3 area)

Below Market Value

This property is priced -22.7% below area average per sq ft

-22.7%
Potential saving
This Property
£166/sq ft
Area Average
£215/sq ft
Avg Rent (weekly)
£192
Avg Yield
4.7%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£15,000 - £30,000
Target Value
£273,140
10% above area average per sq ft
Potential ROI
+23.0%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
24
Average per month
Market Turnover
8%
Properties sold annually

Local Market Trend (LA3)

Area prices are rising by +6.7% over the last 12 months
3 year growth: 10.3%
5 year growth: 36.7%
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

Fairfield Road, Morecambe, Lancashire
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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
£703
Based on a loan of £144,000 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