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South Avenue, Morecambe, LA4 5RJ - Image 1
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South Avenue, Morecambe, LA4 5RJ

North West

£150,000

Listed on 26/05/2026

Property Details

Bedrooms
4
Type
Terraced
Area
1507 sqft

Description

Presenting a spacious four-bedroom Victorian mid-terrace property, this home spans three floors and offers significant potential for renovation. Situated in a convenient location with walking distance to Lancaster Roads' amenities, including supermarkets and schools, it is an ideal investment opportunity for both first-time buyers and seasoned investors alike. The layout includes an entrance vestibule leading to a hallway with staircase access to the upper levels. The ground floor features a generously sized bay-fronted lounge equipped with a gas fireplace, a second reception room, and a dining room that opens into the rear garden. The kitchen is compact but functional, presenting opportunities for modernization. On the first floor, you will find two sizable double bedrooms along with a fully tiled bathroom and a separate WC, catering well to family needs. The top floor hosts two additional bright bedrooms enhanced by skylights, offering plenty of natural light. Notably, the property includes a tanked basement providing valuable storage options. Outside, low-maintenance yards at both the front and rear can be transformed into appealing outdoor spaces. Although requiring modernisation throughout, this property represents an exciting chance to create a comfortable family home or rental investment with its no forward chain sale.

Investment Analysis

(LA4 area)

Below Market Value

This property is priced -50.5% below area average per sq ft

-50.5%
Potential saving
This Property
£100/sq ft
Area Average
£201/sq ft
Avg Rent (weekly)
£186
Avg Yield
4.8%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£35,000 - £60,000
Target Value
£333,198
10% above area average per sq ft
Potential ROI
+58.7%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
37
Average per month
Market Turnover
11%
Properties sold annually

Local Market Trend (LA4)

Area prices are rising by +2.1% over the last 12 months
3 year growth: +11.8%
5 year growth: +18.9%
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

South Avenue, Morecambe, LA4 5RJ
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Mortgage Calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 3.97%

Current average variable rate is 6.59%

Monthly Repayments
£535
Based on a loan of £112,500 over 30 years at 3.97% 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.

Stamp Duty Calculator

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