3 bedroom terraced house for sale

Oxford Street, Morecambe

£99,950

Property Description

Key features

  • Investment Opportunity
  • Potential yield of over 7%
  • 3 Flats in a Mid Terrace Property
  • EPC Rating E
  • Convenient Location
  • Close To Local Amenities

Full description

INVESTMENT OPPORTUNITY!!! We have a mid terrace property currently available for sale with three separate flats. One currently occupied. There is a potential rental yield of over 11%! Book your viewing today!

The Location - Oxford Street is an elegant tree lined street with bay fronted Victorian properties set back from the street on either side. Situated in Poulton, just off the town centre, the promenade is close by as are all the towns shops and amenities. The old fishing village of Poulton dates back before the resort of Morecambe and has a wealth of history with properties dating back to the 1600s. The area has been regenerated in recent years and you will see that much thought and care has gone into that work. Poulton offers a peaceful, residential setting but with the town centre so close you are never far from lifes necessities. There are regular bus routes and popular schools within walking distance, the health centre is also close by.

Property Overview - The mid terrace property is currently split into three one bedroom apartments with one currently tenanted. The ground floor is currently vacant and the previous rental income was £300 per calendar month and includes the rear yard. The first floor is again one bedroom and is currently empty. The previous monthly rental income was £320. The third top floor flat is one bedroom and is currently receiving £320 per calendar month. The landlord currently pays the council tax and water for the property. The property has just passed an inspection by Lancaster City Council and has a working fire alarm system installed.

Flat One - Flat 1 is located on the ground floor. Open up the entrance door and you are greeted by a generously proportioned lounge space positioned to the front of the home. Decor has been kept neutral, with magnolia walls complemented by a bark blue carpet. A gas fire sits central to the space and makes for a lovely focal point and adds some additional heating for those winter evenings, whilst a large bay window allows lots of natural light to enter the space and enhance the decor. Leave the lounge and enter the spacious hallway, from where you can access the other rooms of this property. First up is a spacious bedroom, where you will find plenty of space for a double bed and additional furniture. Decor has once again been kept neutral in order to allow prospective tenants to put their own stamp on the room.
Continue along the hall and enter the kitchen. Although in need of some modernisation, this spacious room offers the opportunity to create a lovely space and real heart of the home. Access to the cellar and outdoor space can also be gained from here, whilst to the rear of the room you have access to the family bathroom, which has been decorated in neutral tones to complement the 3 piece white suite.

Flat Two - Head up the staircase to the first floor, where you will find flat 2 . The lounge kitchen is positioned to the front of the property and is light and airy due to the dual aspect windows. Neutral decor has been applied again and a gas fire sits central to the space. The kitchen area offers plenty of storage and has space for the expected white goods.
The bedroom is accessed from the communal stairway and over looks the rear of the property through the uPVC fire escape window. This good sized room offers space for a double bed and additional free standing furniture and has been decorated in neutral colours, with white walls and brown carpet. The separate bathroom and W.C are to the rear of the property and are again accessed through the communal stairwell. There is a three piece suite in white with an electric shower over the bath offering the best of both worlds.

Flat Three - Flat Three is located on the third floor. The lounge kitchen overlooks the front of the property and again has dual aspect windows to make the most of the natural light. The striking kitchen units are black gloss with complimenting worktops, whilst a feature red paper has been added to the walls. Space for the expected white goods is also available.
The generous double bedroom is accessed from the open hallway and overlooks the rear of the property. Again this room offers space for a double bed and additional furniture and has neutral decor.
The large bathroom is to the rear of the property and has a three piece suite in white.


More information from this agent

Energy Performance Certificates (EPCs)

Listing History

Added on Rightmove:
26 July 2016

Nearest stations

  • Morecambe (0.4 mi)
  • Bare Lane (1.0 mi)
  • Lancaster (2.8 mi)
Distances are straight line measurements from centre of postcode

Nearest schools

Use the school checker

To view this property or request more details, contact:

JD Gallagher Estate Agents , Morecambe

Lunedale House Market Street Morecambe LA4 5DW

01524 930068 Local call rate

How much will it cost me to call the number displayed on the site?

Standard geographic charges from landlines and mobiles apply and calls may be included in your telecom provider's call package.

Floorplans


To view this property or request more details, contact:

JD Gallagher Estate Agents , Morecambe

Lunedale House Market Street Morecambe LA4 5DW

01524 930068 Local call rate

How much will it cost me to call the number displayed on the site?

Standard geographic charges from landlines and mobiles apply and calls may be included in your telecom provider's call package.

Map & Street View

Nearest stations

  • Morecambe (0.4 mi)
  • Bare Lane (1.0 mi)
  • Lancaster (2.8 mi)
Distances are straight line measurements from centre of postcode

To view this property or request more details, contact:

JD Gallagher Estate Agents , Morecambe

Lunedale House Market Street Morecambe LA4 5DW

01524 930068 Local call rate

How much will it cost me to call the number displayed on the site?

Standard geographic charges from landlines and mobiles apply and calls may be included in your telecom provider's call package.

Disclaimer - Property reference 26409185. The information displayed about this property comprises a property advertisement. Rightmove.co.uk makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and Rightmove has no control over the content. This property advertisement does not constitute property particulars. The information is provided and maintained by JD Gallagher Estate Agents , Morecambe. Please contact the selling agent or developer directly to obtain any information which may be available under the terms of The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007 or the Home Report if in relation to a residential property in Scotland.

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