£130,000
Market Street, Morecambe, LA4
- 1 bed
£130,000
- 1 bed
Get a privileged access with Buyer Passport
- Instantly access new properties
- Access off-market properties
- Stand out from other buyers
Buy with a mortgage
Estimate monthly mortgage payment:
Minimum deposit amount:To get a mortgage for a property you will typically need a minimum of 5% of the property value as a deposit. Our broker will be happy to talk through your options and everything else you need to secure a mortgage
Share
Get a privileged access with Buyer Passport
- Instantly access new properties
- Access off-market properties
- Stand out from other buyers
Two exquisite first-floor apartments located in the heart of the town centre, offering exceptionally spacious accommodation with high-end luxury fittings. Both of these one-bedroom apartments are currently tenanted, making them an excellent investment opportunity. Available for purchase individually or as a pair, each apartment is priced at ?130,000.
Both the current tenants signed up on short AST for 6 months from 7th January.
3a, (front flat) is ?1,050 inclusive of all incoming bills, water, electric and council tax.
3b (rear flat ) is ?1,150 all inclusive of bills.
Investment Overview:
Price: ?130,000 per unit (gross yield based on Buy-to-Let only)
Projected Yields:
3a: 9.7% gross, approximately 7% net
3b: 10.5% gross, approximately 7.9% net
Additionally, holidaycottages.com has projected rental income for serviced accommodation to be ?19,000 gross and ?15,000 net per apartment. This presents an excellent opportunity for Airbnb or short-term lets, offering strong returns on investment.
Located in the heart of Morecambe, this prime location puts everything you need right on your doorstep. Just a two-minute stroll to the seafront, you can enjoy the vibrant promenade lined with shops, attractions, and charming caf?s perfect for a leisurely day out. In the opposite direction, Morecambe train station is only a short walk away, offering excellent connectivity for commuters and travellers alike.
Entrance Hallway Flat (3a) Front
Electric radiator, walk-in storage room housing the water cylinder and consumer unit.
Open Plan Lounge/Kitchen
Lounge area with double-glazed window to the front, electric radiators and carpeted floor. Kitchen area with a range of crafted cabinets with complimentary work surfaces, four plates electric hob and oven, extractor hood, stainless steel sink, fridge/freezer, plumbing for washing machine and tiled floor.
Bedroom
Wonderful spacious room with a double glazed window to the side, carpeted floor, radiator.
Bathroom
Shower cubicle with thermostatic shower, wash hand basin, bath, extractor fan, heated towel rail, tiled floor, W.C.
Entrance Hallway Flat (3b) Rear
Carpeted floor.
Open Plan Lounge/Kitchen
Lounge area with double-glazed window to the front, electric radiator and carpeted floor. Kitchen area with a range of crafted cabinets with complimentary work surfaces, four plates electric hob and oven, extractor hood, stainless steel sink, fridge/freezer, plumbing for washing machine and tiled floor.
Bedroom
Spacious room with a double-glazed window to the side, carpeted floor, radiator and walk-in wardrobe.
Inner Hallway
Walk-in storage room housing the water cylinder and consumer unit, door to the bathroom.
Bathroom
Shower cubicle with thermostatic shower, wash hand basin, bath, extractor fan, heated towel rail, tiled floor, W.C.
Investment and Useful Information
Tenure LeaseholdLease Length TBCBoth apartments will be on separate title deedsCouncil Tax Band (TBC) Available for purchase individually or as a pair, each apartment is priced at ?130,000.3a, (front flat) is ?1,050 inclusive of all incoming bills, water, electric and council tax.3b (rear flat ) is ?1,150 all inclusive of bills.Investment Overview:Price: ?130,000 per unit (gross yield based on Buy-to-Let only)Projected Yields:3a: 9.7% gross, approximately 7% net3b: 10.5% gross, approximately 7.9% net
Mortgage calculator
Find out the cost of a mortgage for your new home.
Your estimated purchase costs
Find out how much it will cost to purchase this property.
Stamp Duty tax
- Mortgage advice and application
- Conveyancing fee
- Homebuyer protection insurance
Do you have property to sell or part exchange?
How can we help you today?
Find out what your
home is worth
Check instantly an estimated value of your homeFind the best
local agent
Compare local estate agents based on their performanceGet an Instant
cash offer
Get a cash offer for your property in under 48 hours
Area highlights
We’ve gathered data on the property locations to help you get-to-know the local area.
Things you should know
Some useful things about this property we think you should know
Create OneDome account
for a smooth and fast property purchase
- Get a step by step guide on how to purchase or sell a property
- Get an expert mortgage and legal help
- Find the best local agent to sell your property or get an instant cash offer
- Manage property viewings, valuations and alerts
- Get access to off-market properties Create account
Be the first to see the newest properties
Create an alert and we'll email you the latest properties that come to market which match your requirements.