Studio apartment for sale

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Studio apartment for sale

Coniston Court, Marine Road East, Morecambe, LA4 5AL
£69,950

Our Summary

  • The location's proximity to the seafront and growing local regeneration activity further enhances its desirability and long-term investment potential
  • 4%, this investment provides a solid income stream with the potential for future growth
  • With some modern upgrades and minor improvements, there is clear potential to increase the rental value further, strengthening returns and capital growth prospects
  • Overall, this property represents an attractive and affordable investment opportunity in a well-connected and sought-after area of Morecambe
  • Potential for future growth

Description

This two-bedroom apartment is located in a well-regarded residential development on Morecambe's east end, close to the seafront and offering easy access to local amenities, shops, and leisure facilities. The property benefits from excellent transport links, making it ideal for both commuters and those seeking a relaxed coastal lifestyle. The apartment is currently tenanted, generating a rental income of £550 per month, providing an immediate return for investors with a current yield of approximately 9.4%. With potential for modern upgrades and minor improvements, there is scope to increase the rental value and strengthen returns and capital growth prospects. The property offers comfortable accommodation, including two generous double bedrooms, a bright living room, and a bathroom with a one-piece shower and bath unit, making it an attractive and affordable investment opportunity in a sought-after area of Morecambe.