£130,000
Est. Mortgage £651 per month*
1 bedroom flat for sale
Market Street, Morecambe
flat 
1 bedroom Property 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
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
Property photos
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Council tax
First listed
Over a month agoMarket Street, Morecambe
Marketed by
Mighty House Estates - Lancaster 53a Market Street Lancaster, Lancashire LA1 1JGCall agent on 015242 32847
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Monthly repayment
Based on a 25 year mortgage, with a 10% deposit and a 4.50% interest rate.
Market Street, Morecambe - Streetview
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