Pattinsons says ..

Property Oracle says ..

This property is a block of five flats situated on Marine Road East in Morecambe, offering direct sea views across Morecambe Bay. The listing highlights the potential rental income from the fully let units, making it attractive to investors. The property is in a convenient location near Morecambe train station and several well-rated primary schools (Poulton-Le-Sands Church of England Primary School, Morecambe Bay Community Primary School, and St Mary’s Catholic Primary School are all within a kilometre). The exterior shows a traditionally styled building, that appears structurally sound from the provided photographs, but internal photographs show the interior needs some updating and potentially refurbishment. The lack of information regarding the size of the individual flats and the total square footage of the property makes a detailed analysis of the price per square foot impossible. Therefore, the value assessment is based on comparative pricing with nearby properties and the potential rental income indicated by the listing. While the seafront location is a significant advantage, Morecambe’s overall economic health could influence the long-term property value. The absence of a garden or substantial outdoor space reduces its appeal for buyers seeking ample land. It’s crucial for potential buyers to conduct a thorough survey and financial assessment to account for any necessary renovations and the long-term investment aspects. The property would likely appeal to investors looking for rental income or buyers seeking a seaside location that needs updating and modernisation.

Therefore, we give this property 5 / 10. *Disclaimer: This is our option and does constitute a recommendation or financial advice. Do your own research. *

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