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£110,000

Park Street, Morecambe - Superb investment Property

A little bit about the area

Park street is situated in the village of Bare and is perfectly located within minutes walk to the promenade in a cul-de sac location with no passing traffic and views toward Grange-Over-Sands on a really clear day. The home here are mostly terraced three and four bedrooms. The village itself plays host to several shops including hairdressers, florist, beauticians, post office, chemist and butchers along with three pubs. The famous Happy Mount Park is a short walk away where you can sit and enjoy the gardens with an ice cream or play crazy golf with the family. Morecambe Golf Club is also located next door if you fancy a game.

A little bit about the home

This home at present has been turned into two flats with long term tenants so a great opportunity for a landlord. The ground floor offers a large lounge with lovely high ceilings leading off into the hallway where the double bedroom and kitchen are located. At the back of the home you will find the bathroom. A door off the kitchen leads you to the rear yard. The first floor flat is located at the top of the stairs and offers a large living room, dining room, a double and single bedroom along with the bathroom and kitchen located towards the back of the property.

The ground floor flat

As you step into the hallway you will find a door to the right which takes you into the ground floor flat. You will then find yourself in the living room where the ceilings are high and the windows allow lots of light to enter and bounce around the room. The tenant has decorated the home with cream walls and the carpets are neutral and run through the rest of the rooms. The fire has been blocked off and used as a feature for ornaments. TV and sockets for the TV are located in the corner next to the window. The double bedroom is a great space and accommodates lots of furniture thanks to the high ceilings. A window looks out over the back yard.
The kitchen is of a galley style and is plenty big enough to house a table and chairs to sit and enjoy your meals. There is an electric hob and space for other white goods. The bathroom is a white three piece suite and the boiler is located here also.

The first floor flat

Come up the stairs to the first floor flat. The layout is similar with the living room at the front of the home but this one has a dining room which can be sectioned off you wish if open plan isn't for you. The main bedroom is on the second floor with two Velux windows and an en-suite. The office/ spare bedroom currently is being used as a games room for the current tenant and again features Velux windows letting plenty of light in to the room. The bathroom is a white three piece suite tiled in white splash tiles floor to ceiling and the kitchen is a little smaller than the ground floor with fitted grey units a gas hob and electric oven and space for other white goods. The boiler is located discreetly in the cupboard.

Both properties are in need of TLC however the tenants are happy to stay.

The courtyard on the ground floor

The courtyard can be accessed via the kitchen on the ground floor. The current vendor has made a little feature with flower pots and beds. A little table and two chairs would look nice here to sit and relax in the nice weather. A gate allows access for you on your bin days.

  • Terraced home split into two flats
  • Gas central heated
  • Double glazed
  • Spacious rooms
  • Rental income of £10,500 PA
  • Views of Morecambe Bay
  • On street parking
  • Investors only (sold with tenants)
Floorplan for Park Street, Morecambe - Superb investment Property
4 Bedrooms 2 Receptions 1 Bathrooms
Great BTL investment for a landlord looking to invest. Given the location of this property being just off the promenade, it make this home very appealing. Currently the ground floor rental income is £400 per calendar month and the first floor flat rental income is £475 per calendar month.

Key Features

  • Terraced home split into two flats
  • Gas central heated
  • Double glazed
  • Spacious rooms
  • Rental income of £10,500 PA
  • Views of Morecambe Bay
  • On street parking
  • Investors only (sold with tenants)

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