Westminster Road, Morecambe, Lancashire, LA3
By Entwistle Green
£ 180,000
Reviews
2 out of 5 stars
Entwistle Green says ..
Presenting an exceptional investment opportunity to acquire a block of three self-contained flats, boasting a potential annual income of £22,740, which translates to an impressive 12.63% yield. This property is ideal for investors looking to expand their portfolio. The accommodat...
Property Oracle says ..
The property is located on Westminster Road in Morecambe, Lancashire. The area benefits from relatively close proximity to several primary schools, with West End Primary School being the closest at 0.20 KM, and Morecambe And Heysham Sandylands Community Primary School at 0.47 KM. Both schools have a good Ofsted rating. Transportation links are also reasonably accessible, with Morecambe train station situated 1.41 KM away. Based on the provided images, the property appears to be in need of some modernisation and repairs. There is evidence of some damp patches on the walls and the overall condition of the property suggests that some renovation work would be required to bring it up to a higher standard. The property has a small yard, which is not extensive, but does offer some outdoor space. Considering the list price of £180,000, the average price in the area of £168,069, and the average price per square foot of £133, the property’s price appears to be slightly above average. However, given its size (1,135.59 sqft) and the need for potential renovation work, the price may not be unreasonable. More information on the specific condition of the property and the extent of any necessary repairs would be needed to provide a more definitive assessment of its value. The plot size of 1,655.49 sqft is also a factor to consider, although the images suggest that this may not all be usable garden space.
Therefore, we give this property 5 / 10. *Disclaimer: This is our option and does constitute a recommendation or financial advice. Do your own research. *
- Price
- 6
- Condition
- 4
- Location
- 7
- Land
- 3
- Bedrooms
- 5
- Bathrooms
- 3
- Sqft (est)
- 1,135.59
- Lot (est)
- 1,655.49
The heatmap indicates the level of crime in the area. The color of the heatmap indicates the crime severity and recency.
Metrics Year-on-Year
- Average area value
- 247,500.00 £Increased by 34.61 %
- Est sale value
- 431,524.20 £Increased by 126.19 %
- Average area rental value
- 675.00 £/moDecreased by 16.04 %
- Est letting value
- 1,135.59 £/mo
- Est rental Yield
- 3.27 %Decreased by 37.71 %
- Crime Rate
- 48.00 %Unchanged by 0.00 %
Agent Activity
Entwistle Green created the listing.
Nearby Schools
| Name | Type | Ofsted | Distance |
|---|---|---|---|
| West End Primary School | Community School | Good | 0.20 KM |
| Balmoral Children'S Centre | Children's Centre | 0.24 KM | |
| Bay Leadership Academy | Academy Sponsor Led | 0.47 KM | |
| Morecambe And Heysham Sandylands Community Primary School | Community School | Good | 0.47 KM |
| St Patrick'S Catholic Primary School | Voluntary Aided School | Good | 1.66 KM |
Images
Nearby Streets
| Name | Average Price | Average Sqft | Distance |
|---|---|---|---|
| Clarendon Road | £ 139,975 | 0 | 0.00 KM |
| Grafton Road | £ 0 | 0 | 0.00 KM |
| Barnes Road | £ 215,000 | 0 | 0.00 KM |
| King's Crescent | £ 173,333 | 0 | 0.00 KM |
| Limes Avenue | £ 171,667 | 0 | 0.00 KM |
Nearby Transport
| Name | NLC | TLC | Distance |
|---|---|---|---|
| Morecambe | 2695 | MCM | 1.41 KM |
| Heysham Port | 2691 | HHB | 4.99 KM |
| Bare Lane | 2690 | BAR | 5.10 KM |
| Lancaster | 2685 | LAN | 8.21 KM |
Nearby Listings
| Address | Price | Type | Score | Distance |
|---|---|---|---|---|
| Clarendon Road, Morecambe | £ 194,950 | BUY | 6 / 10 | 0.08 KM |
| Clarendon Road, Morecambe | £ 175,000 | BUY | Unknown | 0.08 KM |
| Clarendon Road | abundance of space across three main floors | £ 180,000 | BUY | 5 / 10 | 0.08 KM |
| Clarendon Road, Morecambe, Lancashire, LA3 | £ 185,000 | BUY | Unknown | 0.09 KM |
| Chatsworth Road, Morecambe | £ 72,950 | BUY | Unknown | 0.09 KM |
Nearby Properties
| Address | Price | Distance |
|---|---|---|
| 153 Westminster Road | £ 98,000 | 0.00 KM |
| 125 Westminster Road | £ 158,000 | 0.00 KM |
| 141 Westminster Road | £ 82,000 | 0.00 KM |
| 131 Westminster Road | £ 50,000 | 0.00 KM |
| 161a Westminster Road | £ 97,500 | 0.00 KM |