Fisher Wrathall says ..
10 % YIELD INVESTMENT OPPURTUNITY, INCOME PRODUCING| Mid- Terraced Property | Three Self - Contained Flats | Tenants in Situ | Fitted Kitchen's | Close to Morecambe Promenade | Local Amenities Close By | No Chain |
Property Oracle says ..
The property is a block of apartments located on Albert Road in Lancaster. The location benefits from being in close proximity to local schools and transportation links, including Morecambe train station.From the images, the condition of the apartments appears to be fair, but could benefit from some modernisation. The kitchens and bathrooms appear functional but somewhat dated.There is limited information about the land.Considering the average price per square foot in the area is £133.00, and the average property price is £168,069, the asking price of £200,000 for a block of three flats may represent reasonable value, particularly if the flats are of a good size and in a lettable condition. The nearby property sales data shows a range of prices, with some properties on Albert Road fetching higher prices, although these may be different property types.
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
- 7
- Condition
- 6
- Location
- 7
- Land
- 3
- Bedrooms
- 4
- Bathrooms
- 3
- Sqft (est)
- 1,420.62
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
- 539,835.60 £Increased by 126.19 %
- Average area rental value
- 675.00 £/moDecreased by 16.04 %
- Est letting value
- 1,420.62 £/mo
- Est rental Yield
- 3.27 %Decreased by 37.71 %
- Crime Rate
- 19.00 %Unchanged by 0.00 %
Agent Activity
Fisher Wrathall created the listing.
Nearby Schools
| Name | Type | Ofsted | Distance |
|---|---|---|---|
| West End Primary School | Community School | Good | 0.30 KM |
| Balmoral Children'S Centre | Children's Centre | 0.55 KM | |
| Bay Leadership Academy | Academy Sponsor Led | 0.63 KM | |
| Morecambe And Heysham Sandylands Community Primary School | Community School | Good | 0.94 KM |
| Westgate Children'S Centre | Children's Centre | 1.68 KM |
Images
Nearby Streets
| Name | Average Price | Average Sqft | Distance |
|---|---|---|---|
| Back West End Road North | £ 0 | 0 | 0.00 KM |
| Clarendon Road | £ 139,975 | 0 | 0.00 KM |
| Windsor Avenue | £ 300,000 | 0 | 0.00 KM |
| Buckingham Place | £ 0 | 0 | 0.00 KM |
| Limes Avenue | £ 171,667 | 0 | 0.00 KM |
Nearby Transport
| Name | NLC | TLC | Distance |
|---|---|---|---|
| Morecambe | 2695 | MCM | 0.94 KM |
| Bare Lane | 2690 | BAR | 4.61 KM |
| Heysham Port | 2691 | HHB | 5.42 KM |
| Lancaster | 2685 | LAN | 7.78 KM |
Nearby Listings
| Address | Price | Type | Score | Distance |
|---|---|---|---|---|
| Block of 3 Flats | £ 200,000 | BUY | 5 / 10 | 0.00 KM |
| Albert Road, Morecambe, Lancashire, LA4 | £ 120,000 | BUY | 4 / 10 | 0.00 KM |
| Regent Park Avenue, Morecambe | £ 235,000 | BUY | 7 / 10 | 0.10 KM |
| Balmoral Road, Morecambe | £ 237,500 | BUY | 6 / 10 | 0.10 KM |
| Westminster Road, Morecambe | £ 230,000 | BUY | 5 / 10 | 0.12 KM |
Nearby Properties
| Address | Price | Distance |
|---|---|---|
| 87 Albert Road | £ 1,832,996 | 0.00 KM |
| 82 Albert Road | £ 90,000 | 0.00 KM |
| 88 Albert Road | £ 191,000 | 0.00 KM |
| 25 Chatsworth Road | £ 132,000 | 0.06 KM |
| 31 Chatsworth Road | £ 480,000 | 0.06 KM |