Raglan Road, Heysham, LA3

The Location

Raglan Road places everyday essentials within easy reach, making it a practical location for tenants who value convenience and good local connections. Shops, health services, gyms and places to eat are all available nearby, while Morecambe’s seafront provides space to walk, exercise and enjoy the fresh coastal air. Regular bus services connect the area with Morecambe town centre, Heysham and Lancaster, with local employment centres also within straightforward reach. This established residential neighbourhood appeals to a broad mix of residents, from working professionals to those looking for an affordable home close to the coast. For an investor, it is a location with lasting rental appeal, supported by accessible amenities, transport links and the lifestyle benefits of living close to Morecambe Bay.

The Property

Already income-producing and arranged with independent living in mind, this four-bedroom property offers an established rental setup, a strong letting history and a gross annual income of £20,220.

The ground floor opens into a central hallway, where two useful cupboards house the meters and combination boiler. At the front, the first letting room benefits from a bay window, its own kitchenette and a private en-suite shower room. To the rear is a communal lounge and dining room, giving occupants a separate place to relax or eat together. This connects to the fitted kitchen, which includes an electric hob, oven, extractor and fridge freezer, with a door leading outside.

The first floor is home to three further letting rooms. Each has its own kitchenette with a sink, microwave and fridge, allowing tenants greater independence. Two of these rooms have private en-suite shower rooms, while the remaining room has access to its own bathroom, fitted with a bath and electric shower.

The accommodation is well presented and is being sold with furniture and white goods included, excluding tenants’ personal belongings. The current rents are £435 pcm for Room One, £400 pcm for Room Two and £425 pcm for both Rooms Three and Four. Together, these produce a gross monthly income of £1,685 and a gross annual income of £20,220.

Outside, there is an enclosed rear yard, a useful outhouse housing the washing machine and access to a wraparound garden. The sale is offered with no onward chain.

Material Information

• Freehold property

• Council Tax Band A

• Four currently let bedrooms producing £1,685 gross income per month

• Gross annual rental income of £20,220

• Three en-suite shower rooms and one separate bathroom

• Current landlord’s Gas Safety Certificate and EICR are in place

• Furniture and white goods included, excluding tenants’ personal belongings