Westminster Road, Morecambe, Lancashire, LA3
EN

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 %
from 183,868.00 £
Est sale value
431,524.20 £
Increased by 126.19 %
from 190,779.12 £
Average area rental value
675.00 £/mo
Decreased by 16.04 %
from 804.00 £/mo
Est letting value
1,135.59 £/mo
from 0.00 £/mo
Est rental Yield
3.27 %
Decreased by 37.71 %
from 5.25 %
Crime Rate
48.00 %
Unchanged by 0.00 %
from 48.00 %

Agent Activity

  • Entwistle Green created the listing.

Nearby Schools

NameTypeOfstedDistance
West End Primary SchoolCommunity SchoolGood0.20 KM
Balmoral Children'S CentreChildren's Centre0.24 KM
Bay Leadership AcademyAcademy Sponsor Led0.47 KM
Morecambe And Heysham Sandylands Community Primary SchoolCommunity SchoolGood0.47 KM
St Patrick'S Catholic Primary SchoolVoluntary Aided SchoolGood1.66 KM

Images

Front Kitchen Kitchen Living Living Room Shower Room Bedroom Kitchen Living Living Room Shower Room Shower Room Bedroom Cellar Bedroom Bedroom Bedroom Kitchen Living Yard

Nearby Streets

NameAverage PriceAverage SqftDistance
Clarendon Road £ 139,97500.00 KM
Grafton Road £ 000.00 KM
Barnes Road £ 215,00000.00 KM
King's Crescent £ 173,33300.00 KM
Limes Avenue £ 171,66700.00 KM

Nearby Transport

NameNLCTLCDistance
Morecambe2695MCM1.41 KM
Heysham Port2691HHB4.99 KM
Bare Lane2690BAR5.10 KM
Lancaster2685LAN8.21 KM

Nearby Listings

AddressPriceTypeScoreDistance
Clarendon Road, Morecambe £ 194,950BUY6 / 100.08 KM
Clarendon Road, Morecambe £ 175,000BUYUnknown0.08 KM
Clarendon Road | abundance of space across three main floors £ 180,000BUY5 / 100.08 KM
Clarendon Road, Morecambe, Lancashire, LA3 £ 185,000BUYUnknown0.09 KM
Chatsworth Road, Morecambe £ 72,950BUYUnknown0.09 KM

Nearby Properties

AddressPriceDistance
153 Westminster Road £ 98,0000.00 KM
125 Westminster Road £ 158,0000.00 KM
141 Westminster Road £ 82,0000.00 KM
131 Westminster Road £ 50,0000.00 KM
161a Westminster Road £ 97,5000.00 KM