5 bed terraced house for sale

Westminster Road, Morecambe, Lancashire LA3

Presenting an exceptional investment opportunity to acquire a block of three self-contained flats, boasting a potential annual income of £22,740, which translates to an impressive 13.37% yield. This property is ideal for investors looking to expand their portfolio.

The accommodation is electric heated, fully double glazed and briefly comprises: Upon entering the building, you are greeted by a communal hallway that provides access to each of the flats.

The ground floor flat features a living room, a separate kitchen, a well-appointed shower room, and a double bedroom. Additionally, this flat offer access to a rear yard, as well as a cellar for convenient storage.

On the first floor, the flat consists of a kitchen living room, a shower room, a storage cupboard housing the hot water tank, one single bedroom, and one double bedroom, providing ample space for comfortable living.

The second floor maisonette offers a similar layout, with a kitchen living room, a shower room, one double bedroom, and one single bedroom, ensuring that each unit is thoughtfully designed to maximize space and functionality.

Externally, the property features on-street parking and a small front yard, while the rear boasts a good-size yard that can be utilised for various outdoor activities or as additional storage.

It is worth noting each flat has its own electric meter. Although there is gas connected to the building, this has been capped and not currently in use as everything is run from the electrics.

The property is located on Westminster Road and has easy access to a range of nearby amenities which include shops, services, schools and a short walk away from the stunning Morecambe Bay views and across to the Lake District. Good local bus links and Morecambe railway station provide good access to nearby Lancaster city. The confirmation of the arrival of the Eden Project has made this a great time to buy in this location.

This block of flats not only offers a strong rental yield but also presents a fantastic opportunity for long-term capital growth. Don’t miss your chance to invest in this promising property that is sure to attract tenants and provide a steady income stream!

Freehold
Council tax band – A for each flat