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Queen Street, Morecambe

North West

£220,000

Listed on 21/07/2026

Property details

Bedrooms
10
Type
Terraced

Description

This significant mid-terraced mixed-use property presents a unique development opportunity in the bustling heart of Morecambe town centre. With planning permission already granted for a ground-floor retail unit and four self-contained apartments (two 2-bedroom and two 3-bedroom), this stripped-down property is ready for transformation, offering investors and developers a genuine blank slate to design according to their vision. Recently reroofed, the structure stands primed for a quality refurbishment that can yield an estimated rental income of around £50,000 annually upon completion. Ideally situated within walking distance of essential amenities, transport options including Morecambe Train Station, and the anticipated Eden Project North, this property is positioned to capitalize on the ongoing regeneration momentum in the area. It offers significant potential for both commercial and residential investment in a desirable seaside location.

Investment analysis

(LA4 area)
Area Average
£202/sq ft
Avg Rent (weekly)
£176
Avg Yield
4.5%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£100,000 - £150,000
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
25
Average per month
Market Turnover
7%
Properties sold annually

Local Market Trend (LA4)

Area prices are rising by +2.1% over the last 12 months
3 year growth: +11.7%
5 year growth: +17.1%
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

Queen Street, Morecambe
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Mortgage calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 4.45%

Current average variable rate is 6.60%

Monthly Repayments
£831
Based on a loan of £165,000 over 30 years at 4.45% 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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