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Back Morecambe Street, Morecambe

North West

£95,000
Listed on 07/04/2026

Property Details

Bedrooms
2
Type
Terraced
Area
667 sqft

Description

This three-bedroom terraced cottage, located in the heart of Morecambe town centre and just a short walk from the seafront promenade, is a promising investment opportunity. While the property requires full refurbishment, it boasts a majority of uPVC double glazing and benefits from gas central heating provided by a modern 'combi' boiler. The layout includes an open plan living/dining area with a kitchen, two first floor bedrooms, and a bathroom, with an additional attic bedroom accessible via a permanent staircase. This property presents an excellent canvas for renovation enthusiasts looking to create a delightful home or rental investment in a growing area. With proximity to local amenities and the coast, there's significant potential for appreciation post-refurbishment.

Investment Analysis

(LA4 area)

Below Market Value

This property is priced -30.4% below area average per sq ft

-30.4%
Potential saving
This Property
£142/sq ft
Area Average
£205/sq ft
Avg Rent (weekly)
£167
Avg Yield
4.3%

Renovation Potential

Heavy Refurb
Est. Renovation Cost
£25,000 - £40,000
Target Value
£150,152
10% above area average per sq ft
Potential ROI
+11.2%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
35
Average per month
Market Turnover
11%
Properties sold annually

Local Market Trend (LA4)

Area prices are rising by +3.6% over the last 12 months
3 year growth: +12.5%
5 year growth: +20.8%
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

Back Morecambe Street, Morecambe
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Mortgage Calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 3.91%

Current average variable rate is 6.62%

Monthly Repayments
£336
Based on a loan of £71,250 over 30 years at 3.91% 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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