1 Bed Apartment For Sale

Market Street, Morecambe

LA4 5DW

£130,000

Added 04 Feb 2025

Property Details

Property Type

Apartment

Bedrooms

1

Location

LA4

Description

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 cafés—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 Leasehold
Lease Length TBC
Both apartments will be on separate title deeds
Council 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% net
3b: 10.5% gross, approximately 7.9% net

Location

Map showing LA4 5DW

Nearby Properties

Disclaimer: Property descriptions, images, and related information displayed on this page are aggregated from publicly available sources across the web and presented for informational purposes only. While we strive for accuracy, home.co.uk cannot guarantee that all details are current or complete. This information is provided as a guide only and should not replace professional property advice. We strongly recommend contacting Mighty House Estates directly to verify availability, arrange viewings, and obtain comprehensive property documentation.

Listed by

Mighty House Estates

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