£157,500

7 bed terraced house for sale

  1.  Front
  2.  Floorplan
  3.  Picture 3
Auction
Freehold

£157,500

7 bed terraced house for sale

Thornton Road, Morecambe, Lancashire LA4

7 beds
4 baths
4 receptions
EPC rating: C
Tenure
Freehold
Council tax band
A

Local area information

Property location

Nearby amenities

  • St Mary's Catholic Primary School, Morecambe 0.1 miles
  • Morecambe Community High School 0.1 miles
  • Bare Lane 0.7 miles
  • Morecambe 0.7 miles

These distances are calculated in a straight line. The actual route and distance may vary.

Features and description

  • Freehold
  • Large 7 bedroom mid terrace with current permission for use of two self-contained flats and four bedsits
  • Work underway to create 3 x 2 bedroom flats and 1 x 1 bedroom flat
  • Gf flat currently tenanted
  • Potential rental income of £34,500
  • Excellent investment opprotunity
  • Close to morecambe sea front & town centre
  • For Sale by Modern Auction – T & c’s apply
  • Subject to Reserve Price
  • Buyers fees apply
  • The Modern Method of Auction
Calling all investors! A fantastic opportunity to purchase this spacious mid terrace property, with current certificate of lawfulness for use of two self-contained flats and four bedsits. The property is currently underway to create 3 x two bedroom self-contained flats and 1 x one bedroom self-contained flat. The property will require a change of use certificate to finalise these conversions and has the potential to achieve £34,500 a year on rental income.

This accommodation spans over four levels, fully double glazed, partial gas central heating, partial electric heating and briefly comprises:

Lower ground level
In need of full renovation and consist of a living room, kitchen, one bedroom, shower room and store room – this flat has direct access to the rear yard.

Ground floor level
Living room, two double bedrooms, modern kitchen and shower room – tenant currently in situ
First floor level
Kitchen living space, two double bedrooms bedroom and bathroom

Second floor level
Living room, kitchen, two double bedrooms and shower room

It is worth noting a lot of the initial work has been completed on this property including the rearrangement of the accommodations. The current owner will be leaving the new kitchen units within the property for the next owner to install.

Rental income is based on:
3 x two bedroom flat at £750 a month and 1 x one bedroom flat at £650 a month.

Externally the property benefits from on street parking and a secure rear yard with storage.

The property is located in an attractive residential area with good access to a range of amenities within Morecambe Town centre. The property also enjoys good access to nearby Morecambe train station, regular bus service, the seafront and promenade. There is easy travel links to the M6 via the Bay Gateway.

Freehold
Council Tax Band - A

Auctioneer Comments: This property is for sale by Modern Method of Auction allowing the buyer and seller to complete within a 56 Day Reservation Period. Interested parties’ personal data will be shared with the Auctioneer (iamsold Ltd). If considering a mortgage, inspect and consider the property carefully with your lender before bidding. A Buyer Information Pack is provided, which you must view before bidding. The buyer will pay £300 inc VAT for this pack. The buyer signs a Reservation Agreement and makes payment of a Non-Refundable Reservation Fee of 4.5% of the purchase price inc VAT, subject to a minimum of £6,600 inc VAT. This Fee is paid to reserve the property to the buyer during the Reservation Period and is paid in addition to the purchase price. The Fee is considered within calculations for stamp duty. Services may be recommended by the Agent/Auctioneer in which they will receive payment from the service provider if the service is taken. Payment varies but will be no more than £450. These services are optional.

There are some planning applications within 0.5 miles of this home

Blurred out There are some planning applications within 0.5 miles of this home information

Assess how they might enhance or detract from this home’s value.

Floor plans and tours

Floor plans (1)

Floor plan 1

Tours (1)

1 virtual tour available

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Entwistle Green - Morecambe Sales

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  1. Zoopla
  2. For sale
  3. Lancashire
  4. Morecambe
  5. Thornton Road

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