Offers over
£100,000
2 bed flat for saleHeysham Road Heysham, Morecambe LA3
2 beds
1 bath
EPC Rating: D
About this property
Projected 9%+ Yield
Below Market Value
Strong Rental Demand
Transport & Employment Links Nearby
No Ground Rent or Service Charge
900 Year Lease
A ready-made investment opportunity situated in the established coastal suburb of Heysham, Morecambe, an area that continues to experience strong tenant demand due to its proximity to local amenities, schools and transport links. With a potential rental income of approximately £750 pcm, the property presents an attractive option for investors seeking steady returns.
Priced to reflect the seller's motivation, the property offers scope for immediate equity alongside an appealing gross yield. Comparable properties in the local area are achieving rents between £700–£850 pcm, with average rents across the immediate postcode approaching £975 pcm, highlighting the area's continued rental growth potential.
Presented in low-maintenance condition with no significant works anticipated, the property offers a straightforward, hands-off addition to a buy-to-let portfolio and an excellent opportunity to capitalise on the consistently active rental market within the Heysham and Morecambe area.
Please note that any systems, appliances, or services shown in the marketing photographs have not been tested by us and will be subject to the fixtures and fittings agreement with the seller.
Once an offer is accepted, a deposit of £5,000 will be required to secure the property in accordance with our terms and conditions. This deposit will be deducted from the final purchase price on completion. In addition, a non-refundable reservation fee of £600 (including VAT) will be payable. This fee is separate from, and not deducted from, the purchase price.
All cash buyers are required to indemnify searches and surveys in line with our terms and conditions.
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Tenure
Leasehold (900 years)
Service charge
Council tax band
Ground rent
Ground rent date of next review
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