5 bed terraced house

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5 bed terraced house

Westminster Road, Morecambe, Lancashire LA3
£170,000

Price History

Initial price £180,000
24/04/25 £170,000
Price Change -5.56%

Description

This exceptional investment opportunity presents a block of three self-contained flats, offering a potential annual income of £22,740, which translates to a 13.37% yield. The property features electric heating, double glazing, and a communal hallway providing access to each flat. The ground floor flat has a living room, kitchen, shower room, and double bedroom, while the first and second floor flats have similar layouts with kitchen living rooms, shower rooms, and double and single bedrooms. Externally, the property has on-street parking, a small front yard, and a good-size rear yard. Each flat has its own electric meter, and although gas is connected, it's not currently in use. The property is located on Westminster Road, close to local amenities, schools, and public transport links, making it an attractive investment opportunity with potential for long-term capital growth.