1 bedroom flat for sale

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1 bedroom flat for sale

Sandylands Promenade, Morecambe, LA3
£104,000

Price History

Initial price £110,000
18/11/24 £108,000
22/11/24 £106,000
29/11/24 £104,000
14/12/24 £102,000
20/12/24 £100,000
02/01/25 £110,000
10/01/25 £108,000
17/01/25 £106,000
30/01/25 £104,000
Price Change -5.45%

Description

This 1-bedroom flat in Morecambe is a fantastic investment opportunity for those looking to expand their portfolio. The property is well-kept and features a lounge, kitchen, and bathroom, with a current annual gross income of £6,300. With long-term tenants already situated, the new owner has the potential to increase the rental income to a market rate of £6,660. The property is near valuable amenities and has a tenant currently situated, making it a worthwhile addition to an investor's portfolio. The current tenants have a good track record of paying their rent on time and have no intention of moving out, providing a stable and secure investment opportunity.